Stocks rise as investors continue rally into second day; Weak dollar fans commoditiesNEW YORK — Investors barreled into stocks for a second day as hopes grew that corporate profits will strengthen as the global economy recovers. Dollar tumbles after Australia raises rate, signaling more hikes to come; UK report spooksNEW YORK — The dollar tumbled Tuesday, hitting a 14-month low against the Australian currency and circling year lows against the euro, after an interest rate increase from the Australian central bank signaled other countries might increase their rates. Stocks jump as investors continue rally into second day; weak dollar fans commoditiesNEW YORK — Investors rushed into stocks for a second day amid signs that the global economy is recovering and as a weak dollar pushed up prices of commodities. Stocks jump in morning trading as investors continue rally into second dayNEW YORK — Stocks rose in morning trading Tuesday as investors built further momentum amid fresh signs the global economy is recovering. Australian central bank lifts interest rate by quarter point, optimistic on economySYDNEY — Australia’s central bank unexpectedly raised interest rates by a quarter point Tuesday, becoming the first major economy to increase the cost of borrowing amid signs its recovery from the global slump is gaining momentum. World markets buoyed by recovery hopes as Australia’s bank raises interest rates
World markets higher as US services sector improves, Australia hikes interest ratesBANGKOK — World stock markets rose Tuesday after the U.S. service sector, a mainstay of the world’s No. 1 economy, showed growth for the first time in a year and Australia raised interest rates as its recovery strengthens. Samoans who fled to the hills during deadly tsunami plan new lives far away from the seaLALOMANU, Samoa — Samoans who fled to the hills as a deadly tsunami tore through their villages last week began searching for materials to build new homes far above the sea that washed away their dwellings and many loved ones. Asian markets mostly higher as US services sector improves, Australia hikes interest ratesBANGKOK — Asian stock markets mostly rose Tuesday after the U.S. services industry, a mainstay of the world’s No. 1 economy, showed its first growth in a year and Australia’s central bank raised interest rates. Official: American Samoa coastal park, artifacts at visitors center damaged by tsunamiTAFUNA, American Samoa — The tsunami that rushed ashore last week at the National Park of American Samoa damaged the visitors center, washed away some artifacts inside and forced workers to relocate to a two-bedroom apartment, authorities said Monday. Samoans flock to churches to mourn victims of South Pacific tsunami; mass burials preparedLALOMANU, Samoa — Hundreds of survivors of the Samoas tsunami gathered at a church on high ground to mourn lost relatives, while pledging to rebuild their obliterated communities after a disaster that killed 177 people. American Samoan mother recounts horror as tsunami rips 6-year-old child from her armsLEONE, American Samoa — Mourning islanders of American Samoa were set to hold a national prayer service Sunday for victims of the tsunami that obliterated villages on the shores of the South Pacific and left at least 176 dead. Burials start for Samoan tsunami victims, some traditional funerals impossibleLEONE, American Samoa — Taitasi Suapaia Fitiao is preparing for every parent’s nightmare — burying her young child. Typhoon Melor slowly churns away from Northern Marianas in Pacific as residents hunker downSAIPAN, Northern Mariana Islands — A typhoon churning across the western Pacific moved away from the Northern Mariana Islands on Sunday as residents began cleaning up after gusting winds and minor flooding. Typhoon Parma strikes northern Philippines, killing 4 but leaving capital unscathedMANILA, Philippines — Typhoon Parma cut a path across the Philippines’ northern edge on Saturday, killing four people but sparing the capital from a second flood disaster as the storm churned toward Taiwan. Focus in Samoa shifts from rescuing lives to aiding survivors with food, powerAPIA, Samoa — Samoan officials shifted their focus from rescuing lives to providing survivors with food, water and power, but stressed it didn’t mean they were giving up on the missing days after earthquake-triggered waves killed 170 in the region. Second storm slams into northern Philippines, toppling power poles, trees; at least 2 deadMANILA, Philippines — Typhoon Parma slammed into the Philippines on Saturday, ripping off roofs, toppling power pylons and swelling rivers in the country’s mountainous north. At least two people were killed, an official said. Samoa’s tourism industry fears vacation cancellations would be like a ’second tsunami’APIA, Samoa — Samoa’s tourism industry said it fears a “second tsunami” of vacation cancellations after deadly earthquake-triggered waves wiped out some of the South Pacific country’s most idyllic white-sand beaches and resorts. 2nd storm slams into northern Philippines, toppling power poles, treesMANILA, Philippines — Typhoon Parma slammed into the Philippines on Saturday, ripping off roofs, toppling power pylons and swelling rivers in the country’s mountainous north. At least two people were killed, an official said. US government brings food, scientists, drugs and vehicles to American SamoaHONOLULU — On a search-and-rescue mission in a tsunami-stricken American Samoa village, Capt. Nate Duff and his Hawaii Air National Guard troops waded through knee-deep swampland and under trucks hanging from trees in hopes of finding missing children. Major developments in Samoan tsunami aftermath— THE DEAD: The number of dead rose to 170, including 129 in Samoa, 32 in American Samoa and nine in Tonga. Flights canceled, residents stock up as Typhoon Melor heads toward Northern Marianas, GuamSAIPAN, Northern Mariana Islands — Residents of the Northern Mariana Islands and neighboring Guam braced themselves Saturday as Typhoon Melor churned across the Western Pacific. Earthquake, tsunami uproot centuries-old villages and cultures in the SamoasLEONE, American Samoa — The village of Leone is a picturesque enclave that has been a mainstay of the Samoas for centuries, a place where residents gather under beach meeting houses for rituals that are sacred to the local culture. NFL players get briefing on situation in tsunami-stricken SamoasWASHINGTON — NFL players of Samoan background got an update from the U.S. government and the Red Cross Friday on recovery efforts in the tsunami-stricken Samoas. Airlines cancel flights, residents stock up as Typhoon Melor heads toward Northern MarianasSAIPAN, Northern Mariana Islands — Residents of the Northern Mariana Islands are bracing themselves as Typhoon Melor churned across the Western Pacific. Samoans in Southern California pray for tsunami-ravaged island communitiesCARSON, Calif. — Scores from California’s Samoan community — many with traditional white flowers in their hair and clutching woven fans — gathered in church Thursday to pray for family members in tsunami-ravaged Samoa — some still waiting to hear from them. Military searches for bodies, brings aid to tsunami-stricken Samoas, death toll risesLALOMANU, Samoa — The relief effort in the tsunami-stricken Samoas entered its fourth day Friday as medical teams gave tetanus shots and antibiotics to survivors with infected wounds and some frightened residents who fled to the hills after the disaster vowed never to return to their decimated seaside villages. Obama says his thoughts are with disaster victims in Samoa, IndonesiaWASHINGTON — President Barack Obama is voicing his concern and his condolences over the tsunami in the South Pacific and the earthquake in Indonesia. Rep. Hodes of NH questions Social Security chief on mix-up involving US, foreign numbersCONCORD, N.H. — Rep. Paul Hodes has asked the Social Security Administration to investigate and stop a processing glitch that linked U.S. numbers to those issued in three foreign countries and could be causing credit problems for his constituents. Samoans recall terror of waves as death toll in tsunami disaster reaches 150APIA, Samoa — Samoans searched flattened homes and debris-filled swamps Thursday as more military ships and planes began arriving on the disaster-stricken Pacific islands after an earthquake and tsunami that killed at least 150 people. |
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World markets buoyed by recovery hopes
