Australia is in recession but long-term prospects remain good, central bank chief saysSYDNEY — Australia has followed the rest of the world into a recession, the central bank chief said Tuesday. Asian stock markets tumble as worries about banking industry flare; HK off 3.7 pctHONG KONG — Asian stock markets tumbled Tuesday, with benchmarks in Tokyo and Hong Kong down 2-3 percent, after news of mounting bad loans at Bank of America rekindled worries about the financial system and halted Wall Street’s six-week rally. European markets traded higher. Japan stocks edge higher on bullish outlook for steelmakersTOKYO — Japanese stocks crept higher Monday after a big jump in steelmakers helped lift the benchmark index out of negative territory. South Korean leader calls for end of corruption as predecessor faces bribery probeSEOUL, South Korea — South Korea must do more to combat corruption, President Lee Myung-bak said Sunday as his predecessor faced an investigation over whether he received millions of dollars from a businessman while in office. SKorean leader calls for end of corruption as predecessor faces probe in bribery scandalSEOUL, South Korea — South Korea must do more to combat corruption, President Lee Myung-bak said Sunday as his predecessor faced an investigation over whether he received millions of dollars from a businessman while in office. South Korean prosecutors to question former president in bribery scandalSEOUL, South Korea — South Korean prosecutors will question former President Roh Moo-hyun about whether he received millions of dollars from a businessman while in office, an official said Saturday. Reports: South Korean prosecutors to question former president in bribery scandalReports: SKorean prosecutors to quiz ex-president SEOUL, South Korea — South Korean prosecutors will question former President Roh Moo-hyun about whether he received millions of dollars from a businessman while in office, news reports said Saturday. China’s premier says stimulus working, Chinese economy is better than expectedChina’s premier says economy better than expected BOAO, China — China’s Premier Wen Jiabao said Saturday that the country’s stimulus package is working and the economy is “better than expected.” |
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