GM shares tumble 31 percent to 58-year low
Shares of General Motors Corp. lost nearly one-third of their value Thursday, plunging to their lowest level in more than 58 years after Standard & Poor's said the automaker's credit could fall further into junk status due to the "rapidly weakening state" of the global automotive market.
Nations:U.S. Activities:2008 Automakers Downturn Source:(AP)
2008-10-09
Nikkei dives 9.4 percent, biggest 1-day fall since '87
The Nikkei average plunged 9.4 percent on Wednesday, its biggest drop since the 1987 stock market crash, as growing fears of a global recession led investors to wipe $250 billion off the value of Tokyo shares.
Nations:Japan India Russia Activities:2007 Global Credit Crunch Japanese Markets Source:(Reuters)
2008-10-08
Asian markets mixed after Australia's big rate cut
SEOUL, South Korea – Asian stocks were mixed Tuesday as a big interest rate cut in Australia helped spur recoveries in several regional markets, sparking hopes that other central banks will lower rates to help loosen the global credit crunch.
Nations:Australia South Korea Japan France Activities:Asian Markets 2007 Global Credit Crunch
2008-10-07
China quake kills 27, destroys 180,000 homes
BEIJING - Chinese rescue teams carrying tents, quilts and sacks of rice rushed Sunday to reach survivors of an earthquake that killed at least 27 people, turned tens of thousands of homes into rubble and cracked reservoirs.
Nations:China Activities:2008 Panzhihua Earthquake Source:(AP)
2008-08-31
6.1 magnitude quake kills 22 in southwest China
BEIJING - A 6.1 magnitude earthquake struck China's southwestern Sichuan province Saturday, killing 22 people and injuring more than 100.
Nations:China Activities:2008 Panzhihua Earthquake Source:(Xinhua)
2008-08-30
Where China Goes Next
With the Chinese media gushing over the success of the Olympics, the latest issue of Southern Window - a highbrow news magazine with a circulation of 500,000 - caught my eye. The cover illustration features a couple of law textbooks and a teacher with a wooden pointer giving instruction to a businessman and a government official. The coverline: "Rule of Law Starts With Limitation of Power." Sounds boring? In China, it's almost revolutionary.
Nations:China People:Hu Jintao Activities:China Political Reform Source:(Time)
2008-08-26
China considers $54bln stimulus plan: state media
SHANGHAI (AFP) - China is considering a 54-billion-dollar stimulus plan involving tax cuts and government spending, state media said Monday, in another sign that boosting the economy is becoming a priority.
Nations:China Japan Source:(AFP)
2008-08-25
Stars come out for MTV Asia Awards
KUALA LUMPUR (AFP) - The Pussycat Dolls and British pop sensation Leona Lewis added a bit of glamour and sex appeal to MTV's Asia Awards show on Saturday, which showcased the best in global and regional music.
Nations:Malaysia Philippines South Korea Singapore Thailand People:Li Yuchun Andy Lau Source:(AFP)
2008-08-02
US auto sales slump to 16-year low in July
DETROIT - U.S. auto sales slumped to a 16-year low in July as automakers failed to keep up with consumers' growing demand for smaller, more fuel-efficient vehicles. While production changes may help that problem, trouble in the credit and auto leasing markets will continue to take a toll on sales.
Nations:Canada Activities:2008 Automakers Downturn Source:(AP)
2008-08-01
General Motors holds off Toyota as June sales fall
DETROIT - General Motors Corp. soundly beat Toyota Motor Corp. in June to retain its traditional U.S. sales lead, but GM sales still dropped 18.2 percent during a dismal month for large automakers.
Activities:2008 Automakers Downturn Source:(AP)
2008-07-01
Homeless quake dogs rescued by Chinese woman
CHENGDU, China - The white short-haired mutt was found dragging his crushed hind legs through rubble-clogged streets after the massive earthquake devastated China's Sichuan province.
Nations:China Activities:2008 China Earthquake Source:(AP)
2008-06-27
'Kung Fu Panda' delayed in quake-hit part of China
BEIJING (AFP) - The release of the US box office hit "Kung Fu Panda" has been postponed in southwest China due to the magnitude-8.0 quake that last month devastated much of the region, state press reported Friday.
Nations:China Activities:2008 China Earthquake Source:(AFP)
2008-06-22
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