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Africa/International
Nikkei falls after China move
Japan's Nikkei average fell 0.9 percent on Wednesday, hurt by profit-taking and a strong yen, while resource shares slipped after China's decision to start tightening monetary conditions sparked concerns the move might slow demand.
China…
Obama to ask for extra $33b for war
US President, Barak Obama is said to plan to make a request to Congress for an additional $33 billion to fight the unpopular wars in Afghanistan and Iraq.
According to the Associated Press (AP), the Obama administration is making the…
China jewelry makers say toxic metal cuts costs
For China's low-cost jewelry makers, it was an open trade secret: The metal cadmium is shiny, strong and malleable at low temperatures, regardless of its health hazards. And it's cheap.
Despite the risks, manufacturers in factories ringing…
Google to close China office
Google Inc said it may pull out of China because it is no longer willing to accept censorship of its search results, in a surprise retreat from the world's largest Internet market by users.
The announcement on Tuesday comes amid growing…
Fierce earthquake rocks Haiti
Haiti's strongest earthquake in more than two centuries rocked the Caribbean nation on Tuesday, causing dozens of buildings to collapse and raising fears that many people have died, officials and witnesses said.
Witnesses reported seeing…
$27m UNICEF programme in West Africa fails – Study
A UNICEF program that spent $27 million to decrease child deaths from disease in West Africa has failed, according to a new study that found a higher survival rate in some regions that weren't included in the program.
The U.N. children's…
Olam Singapore to buy Nigeria wheat miller for $107.6m
Olam Singapore says it has agreed to buy Crown Flour Mills of Nigeria for $107.6 million, according to a Reuters report.
The purchase agreement will give Olam 99.5% of the Nigerian wheat miller, which is one of the three largest wheat…
Oil drops to $82 from 15-month high
Oil slid further to below $82 a barrel on Tuesday from 15-month highs a day earlier, as forecasts showing milder temperatures in the U.S. Northeast signaled lower fuel consumption in the world's largest heating oil market.
Icy weather in…
Asian stocks fall on China policy fears
Asian stocks fell on Tuesday, a day after hitting a 17-month high, on investor jitters about tighter monetary policy in China, while the dollar rose after a Chinese sovereign fund official said the currency has bottomed.
The MSCI index of…
US car makers now seeing improvement
The vital signs are improving for American automakers.
General Motors may reopen some shuttered factories because it can't produce four of its vehicles fast enough to meet demand, and Chrysler is set to hire more engineers and product…