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 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. 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. SKorean lawmaker says NKorea has gotten $2.2 billion under failed disarmament dealsSEOUL, South Korea — North Korea has received the equivalent of about $2.2 billion under deals aimed at persuading the isolated nation to dismantle its nuclear facilities, a South Korean lawmaker said Monday, in what his office says is the first accounting of the cost of the failed strategy. 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. Japan Mazda to raise $1.1B, forecasts smaller loss as green car incentives boost demandTOKYO — Japanese automaker Mazda now expects about half the red ink it previously forecast for the fiscal year, crediting a rise in demand from “green” car incentives, and said it will raise $1.1 billion to fund research and development. China, North Korea celebrate ties in meetings closely watched for intentions on nuclear talks
Asian stock markets fall after weak US jobs report; European shares little changedHONG KONG — Asian markets fell and European stocks were slightly higher Monday after a weaker-than-expected U.S. jobs report raised concerns that a strong recovery in the world’s largest economy was still far off. Asian stock markets fall after weak US jobs report; oil lingers below $70 a barrel
Typhoon Parma downgraded to storm, hangs off Philippines, drenches TaiwanMANILA, Philippines — Typhoon Parma weakened into a tropical storm that lingered off the Philippine coast Monday, drenching northern provinces as well as Taiwan after killing 16 people and causing widespread flooding and landslides. Kim Jong Il offers Chinese premier lavish welcome amid signs he will commit to nuclear talksPYONGYANG, North Korea — China’s premier was given a gala welcome to Pyongyang on Sunday by North Korean leader Kim Jong Il, bolstering indications that the North is preparing to rejoin talks over its nuclear weapons programs. From steppe to city: Traditions fade as China moves nomadic reindeer herders to townGENHE CITY, China — Herding reindeer and hunting bears and boars in the forests on Siberia’s fringe was Gu Gejun’s life. Now his rifle has been confiscated, and the only reindeer he herds are in an urban tourist park. Report: Indian coast guard allows detained North Korean ship lo leaveNEW DELHI — India’s navy said Sunday that a Pakistan-bound North Korean ship would be allowed to leave Indian waters after a search of the vessel yielded “nothing incriminatory,” news reports said. Report: Indian coast guard detains North Korean ship headed to PakistanNEW DELHI — India’s coast guard has detained a North Korean ship headed for Pakistan after it dropped anchor in Indian waters without permission, a news agency reported Sunday. North Korea demands South Korea repatriate 11 defectors, Seoul declinesSEOUL, South Korea — North Korea has demanded South Korea repatriate a group of 11 North Koreans who defected by sea last week, but the South does not intend to return them, the Unification Ministry said Sunday. After fleeing China, auto tycoon resurfaces in US with glowing green ambitionsHONG KONG — Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street. |
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World markets buoyed by recovery hopes
China, North Korea laud ties on scrutinized visit
Asian markets fall after weak US jobs report
