World stocks fall amid jitters over possible stimulus withdrawal, big drop in oil priceSEOUL, South Korea — World stock markets fell Thursday amid a big drop in oil prices and as investors worried that support measures for the fragile global economy will be withdrawn too quickly. At calmer G-20 summit this week, Obama to seek more economic balance from other leadersPITTSBURGH — With the world’s major economies having stepped back from the brink of a devastating meltdown, President Barack Obama comes to a global summit here pushing a slimmed-down agenda designed to prevent a repeat of the conditions that caused such panic a few months ago. China’s army promotes grandson of communist state founder’s Mao Zedong to major generalBEIJING — Mao Zedong’s only grandson has become the youngest general in the People’s Liberation Army at age 39, a Chinese newspaper said Thursday. Japan remains mired in slump as exports and imports tumble in August; car exports fall by halfTOKYO — Japan’s exports tumbled 36 percent in August — with car shipments falling by half — and imports also contracted sharply, the government said Thursday, showing the world’s No. 2 economy remains mired in a deep slump. Asian stocks fall amid jitters over possible stimulus withdrawal, big drop in oil priceSEOUL, South Korea — Most Asian stock markets fell Thursday amid a big drop in oil prices and as investors worried that support measures for the fragile global economy will be withdrawn too quickly. Despite calls for unity, Ahmadinejad, Gadhafi blast Security CouncilUNITED NATIONS — On a day when the U.N. and many nations appealed for global unity, Iranian President Mahmoud Ahmadinejad and Libyan leader Moammar Gadhafi on Wednesday denounced what they called an unjust world dominated by five powers. Chinese president says all countries’ security and economies linkedUNITED NATIONS — Chinese President Hu Jintao is linking his country’s future progress with greater world prosperity. On eve of G20 economic summit, nations spar over key issues, US warns about complacencyPITTSBURGH — On the eve of a summit of the world’s 20 top economies, the Obama administration pressed leaders on Wednesday to overcome differences and work together more closely in confronting thorny financial and environmental problems. SKorea president says non-nuclear NKorea prerequisite to unified KoreaUNITED NATIONS — South Korean President Lee Myung-bak said Wednesday that North Korea must scrap its atomic weapons programs before the divided Korean Peninsula can be unified with the signing of a peace treaty to formally end the Korean War. Shares of coal mining companies fall as analyst forecasts diminishing China demandDENVER — Shares of coal mining companies fell Wednesday after an analyst downgraded the sector, predicting China’s demand has diminished as it has built an excess inventory of steel. Sarah Palin urges smaller government, talks US-China relations in speech to investors in AsiaHONG KONG — Months after abruptly resigning as Alaska’s governor, Sarah Palin resurfaced in Hong Kong more moderate in tone and better versed in international affairs, possibly laying the first brick for a 2012 White House bid. Power company Duke strikes second Chinese deal to develop low-carbon energyCOLUMBUS, Ohio — Power company Duke Energy Corp. said Wednesday that it has struck its second deal in just over a month with a large Chinese power company to develop sources of low-carbon energy. US warning against complacency in effort to overhaul global financial systemPITTSBURGH — The Obama administration on Wednesday cautioned against complacency on the eve of a global economic summit, arguing that signs of an economic revival are not grounds for abandoning a significant overhaul of the world’s financial system. UN chief challenges world leaders to change on nukes, climate, povertyUNITED NATIONS — Secretary-General Ban Ki-moon challenged world leaders on Wednesday to cleanse the globe of nuclear weapons, tackle the threat of catastrohic climate change and combat growing poverty from the global financial crisis. Jailed former Taiwanese president petitions US, demands releaseTAIPEI, Taiwan — Former Taiwanese President Chen Shui-bian has been indicted on new embezzlement charges just weeks after being sentenced to life in prison, and has filed a lawsuit claiming that the U.S. legally controls Taiwan and should release him from detention, officials and a lawyer said Wednesday. Ford to make four-door compact car in India as US automaker targets fast-growing AsiaNEW DELHI — Ford Motor Co. unveiled a made-in-India compact car and flagged expanded production in China as it seeks to boost sales in Asia, a region the U.S. automaker has hardly dented but is counting on to drive growth. 11 indicted in China factory brawl that led to deadly ethnic rioting in Muslim westBEIJING — Chinese prosecutors have indicted 11 people in a factory brawl that led days later to deadly rioting in the Muslim far west. European, Asian stock markets lackluster as monthslong rally sputters, Fed meeting eyedLONDON — World stock markets sought direction Wednesday as a monthslong rally sputtered and investors waited for clues from the U.S. Federal Reserve about the global recovery’s strength. Asian stock markets lower as months long rally sputters, Fed meeting eyed; Europe gainsBANGKOK — Asian stock markets fell Wednesday as a monthslong rally sputtered and investors waited for clues from the U.S. Federal Reserve about the global recovery’s strength. European shares were higher. G20 leaders face long to-do list to bolster shaken global economy, promote sustained rebound
China pushing for bigger IMF role at G-20 summit but European reluctance might be obstacleBEIJING — Beijing is pressing for a bigger voice in the International Monetary Fund and says Group of 20 leaders at their Pittsburgh summit should start making good on promises to give developing countries more IMF votes. World leaders turn from climate change to terrorism, nukes and povertyUNITED NATIONS — Secretary-General Ban Ki-moon is challenging the world’s nations to unite to free the world of nuclear weapons and tackle the growing poverty resulting from the global financial crisis. Analysis: Time growing short for ’seizing historic opportunity’ and climate deal in DecemberUNITED NATIONS — The man from the middle of the Indian Ocean, from one of the tiniest of nations, told his fellow presidents he knew “you are not really listening.” Sarah Palin emerges in Asia with speech to investors in Hong KongHONG KONG — Former U.S. vice presidential nominee Sarah Palin, criticized for her lack of foreign policy experience, emerged in Asia on Wednesday to share her views from “Main Street U.S.A.” with a group of high-flying global investors. Asian stock markets lower as months long rally sputters, Fed meeting eyedBANGKOK — Asian stock markets were lower Wednesday as a monthslong rally sputtered and investors waited for clues from the U.S. Federal Reserve about the global recovery’s strength. Obama seeks Chinese help on Iran, NKorea as trade dispute irks tiesNEW YORK — President Barack Obama and Chinese President Hu Jintao offered each other diplomatic assurances Tuesday as the U.S. sought help from China in dealing with Iran and North Korea’s nuclear programs at a testy time in ties between Washington and Beijing. Obama, China vow action on climate change even as prospects dim for treaty by year’s endUNITED NATIONS — President Barack Obama and Chinese President Hu Jintao each vowed urgent action Tuesday to cool an overheating planet, even as prospects dimmed for a full treaty by the end of the year. Hummer buyer says it likely will locate headquarters in southeast Michigan near DetroitDETROIT — The Chinese company that’s in the running to buy Hummer from General Motors Co. likely will locate the brand’s corporate headquarters near Detroit, a spokesman said Tuesday. Think tank proposes that Obama White House update US relations with ChinaWASHINGTON — A strategic think tank with close connections to the Obama administration is calling on the White House to develop better and broader relations with China. Obama says he’ll visit China in November, says he’s committed to cooperative relationshipNEW YORK — President Barack Obama and Chinese President Hu Jintao brushed aside their countries’ differences Tuesday, offering instead diplomatic assurances and pledging to strengthen an increasingly intertwined relationship. |
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