Alcoa posts surprise 3rd-quarter profit of $77M; forecasts higher global aluminum demandPITTSBURGH — Painful cost-cutting and rising sales to automakers helped the nation’s largest aluminum producer return to profitability for the first time in nine months. Obama to visit 4 Asian countries next month, but visit to Indonesia will come laterWASHINGTON — President Barack Obama’s first Asian trip as president will include Japan, Singapore, China and South Korea, but not Indonesia, where he spent four years of his life. Tiger Woods and Michelle Wie make pitch for Olympic golf ahead of IOC vote in CopenhagenTiger Woods and Michelle Wie are making a pitch for golf to enter the program for the 2016 Rid de Janeiro Olympics. Global economic crisis accelerates China’s ascent, but what role will it play?BEIJING — The auto-parts maker Delphi Corp. is headquartered in Troy, Mich., in the heart of the region that made the United States the car capital of the world. It’s a place where the phrase “buy American” is right at home. China envoy says North Korea’s new attitude on nuclear talks is step in the right directionBEIJING — China’s top envoy on North Korean issues said Wednesday that Pyongyang’s readiness to hold discussions with the U.S. is a positive development that could pave the way for a resumption of stalled international talks on the North’s nuclear program. European markets drift lower as third quarter earnings season starts in earnestLONDON — European stock markets fell modestly Wednesday after big gains the previous day as investors prepared for the start of the third-quarter corporate reporting season. IOC congratulates itself for awarding the 2008 Olympics to BeijingCOPENHAGEN — Despite criticism from human rights campaigners, the International Olympic Committee gave itself a big pat on the back Wednesday for awarding the 2008 Games to Beijing. Asian stock markets extend gains amid renewed faith in global recovery; Europe little changedHONG KONG — Asian stock markets and oil prices extended their advance Wednesday amid renewed faith a recovery in the global economy was sustainable. European shares were little changed. French envoy calls for substantial nuclear talks on NKorea
Japan foreign minister says US troop burden on Okinawa needs to be easedTOKYO — Japan’s new foreign minister said Wednesday that he wants to review the deployment of U.S. troops in his country to ease the burden on the people of Okinawa and ensure that the American military presence in Japan endures. Chinese dissidents top Nobel Peace Prize speculation in 20th anniversary year of TiananmenOSLO — Chinese dissidents are leading the odds of winning the Nobel Peace Prize this year, the 20th anniversary of the Tiananmen Square massacre and the 60th since the establishment of the People’s Republic of China. Asian stock markets extend gains amid renewed faith in global recovery; oil rises above $71HONG KONG — Asian stock markets and oil prices extended their advance Wednesday amid renewed faith a recovery in the global economy was sustainable. Strong business in China boosts 3rd-qtr profit 18 pct at KFC owner Yum Brands to $334 millionLOUISVILLE, Ky. — A robust performance in China helped chain-restaurant operator Yum Brands Inc. post 18 percent growth in its third-quarter profit, easily beating Wall Street forecasts. Dalai Lama and Obama will not meet this week as monk receives rights awardWASHINGTON — Lawmakers honored the Dalai Lama with a human rights award Tuesday even as President Barack Obama faced harsh criticism for delaying a meeting with the exiled Tibetan Buddhist spiritual leader. White House says decision to delay meeting between Obama, Dalai Lama mutualWASHINGTON — The White House says the decision to delay a meeting between President Barack Obama and the Dalai Lama was mutual. Dalai Lama and Obama won’t meet this week as monk receives rights awardWASHINGTON — Powerful U.S. lawmakers honored the Dalai Lama with a human rights award Tuesday even as President Barack Obama faced harsh criticism for delaying a meeting with the exiled Tibetan Buddhist spiritual leader. 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. Report that oil producers may move away from dollar sends US currency close to year lowsLONDON — The dollar fell Tuesday towards year lows against the euro and the yen after a report that Arab states and other countries were contemplating an end to the U.S. currency’s role in the pricing oil. 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. Dalai Lama and Obama postpone meeting during Tibetan monk’s visit to WashingtonWASHINGTON — A decision by Barack Obama to postpone his first meeting as president with the Dalai Lama is overshadowing a visit to Washington this week by the exiled spiritual leader of Tibet’s Buddhists. NKorea considers return to nuclear talks, reportedly restoring facilitiesPYONGYANG, North Korea — North Korea’s leader is offering to return to multinational disarmament talks in a renewed effort to draw Washington into one-on-one talks that the United States has yet to fully embrace. 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. North Korea reportedly in final stage of restoring its nuclear facilities
Report: NKorea in final stage of restoring nuclear facilitiesSEOUL, South Korea — North Korea is in the final stage of restoring its nuclear facilities, a news report said Tuesday, as leader Kim Jong Il expressed a conditional willingness to end Pyongyang’s boycott of international nuclear talks. 3 Chinese nationals, 2 companies charged in Boston with violating US export lawsBOSTON — Federal prosecutors in Massachusetts have filed charges against three Chinese citizens and two corporations for conspiring to illegally export military products. North Korean leader says return to nuclear disarmament parlay hinges on talks with USPYONGYANG, North Korea — North Korea’s leader is offering to return to multinational disarmament talks in a renewed effort to draw Washington into one-on-one talks that the United States has yet to fully embrace. Report: North Korea considers return to six-party talks on nuclear disarmamentBEIJING — North Korean leader Kim Jong Il, meeting Monday with Chinese Premier Wen Jiabao, has expressed the North’s willingness to hold multilateral dialogue, including six-party talks on nuclear disarmament, if its relations with the United States improve, China’s Xinhua news agency reported. Restaurant operator Yum Brands to report on its third-quarter earnings TuesdayLOUISVILLE, Ky. — Yum Brands Inc. is scheduled to report its earnings for its fiscal third quarter on Tuesday after the market closes. The following is a summary of key developments and analyst opinion related to the period. European stocks lifted by upbeat services sector data as Wall Street awaits key US PMI surveyLONDON — European markets rose modestly Monday ahead of an expected solid start to the week on Wall Street and after upbeat survey data from the services sector helped offset the gloom from last week’s worse than expected U.S. jobs data. Storm hangs off Philippines, whips up rough seas that sink ship near TaiwanMANILA, Philippines — Typhoon Parma weakened into a tropical storm but lingered off the northern Philippine coast Monday, causing widespread flooding and landslides that have killed 16 in the country and churning up rough seas that sank a cargo ship off neighboring Taiwan. |
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