Asia Bulletin
AsiaBulletin.com Saturday 31st July 2010 Edition 307/8
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Arizona immigration law appeal set for November
PHOENIX Arizona (Reuters) - A U.S. court denied a request for an expedited hearing on Friday and instead set a November date for Arizona's appeal to a federal court ruling that blocked key parts of a...


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BP to try well kill Tuesday
BILOXI Mississippi (Reuters) - BP Plc said on Friday it could seal its ruptured Gulf of Mexico oil well by next week as the House of Representatives voted to toughen regulation of offshore energy...
U.S. bank failures total 108 after 5 shut on Friday
WASHINGTON (Reuters) - U.S. bank failures reached 108 so far in 2010 on Friday as regulators seized five small banks in the Pacific Northwest and the Southeast, none publicly...
Enbridge says no restart date for ruptured line
DETROIT/CALGARY (Reuters) - Enbridge Inc's chief executive said on Friday he was unable to say when the company would be able to restart the Michigan pipeline that ruptured earlier this week,...
U.S. worried more secret documents may be released
WASHINGTON (Reuters) - U.S. officials are worried about what other secret documents the whistle-blowing website WikiLeaks may possess and have tried to contact the group without success to avoid...
Petters seeks new trial after Ponzi conviction
NEW YORK (Reuters) - Lawyers for convicted U.S. Ponzi schemer Tom Petters on Friday asked an appeals court to send the case back for a new trial, saying they were not able to fully present arguments...
Asian Currencies Rise This Week, Led by Peso, on Growth, Rates
July 31 (Bloomberg) -- Asian currencies strengthened this week, led by the Philippine peso and Indonesia’s rupiah, as the fastest economic growth in the world and relatively high interest rates...
Obama urges Iran to release three U.S. hikers
Laura Fattal (L), Cindy Hickey (C) and Nora Shourd (R), the mothers of Josh Fattal, Shane Bauer, and Sarah Shourd respectively, hold pictures of their children while protesting for their release with...
House votes to end offshore drilling moratorium
WASHINGTON (Reuters) - The House of Representatives on Friday voted to end the federal moratorium on deepwater drilling for oil companies that meet new federal safety...
Renuka Sugars against Jaypee Cap's stake in NCDEX
MUMBAI: The Delhi-based brokerage Jaypee Capital’s proposal to pick up a strategic stake in commodity bourse NCDEX seems to have hit another roadblock with one of the exchange’s shareholders...
Restructured bank loans double in FY10
MUMBAI: Restructured loans in the banking industry have almost doubled in 2009-10, shows a study by Karvy Stock Broking on top 28 commercial banks. The broking firm study shows that standard...
Floods kill more than 400 in Pakistan's northwest
A boy hangs on to the front of a cargo truck while passing through a flooded road in Risalpur, located in Nowshera District, in Pakistan's Northwest Frontier Province July 30,...
Fire prompts evacuation of 2,000 homes north of L.A
LOS ANGELES (Reuters) - A fierce brush fire nearly doubled in size overnight as it threatened power lines that supply electricity to the greater Los Angeles area, but evacuation orders for 2,000...
Canadian serial killer Pickton denied new trial
VANCOUVER (Reuters) - Canada's highest court refused on Friday to grant a new trial for serial killer Robert "Willie" Pickton, who was convicted of killing drug addicts and prostitutes and butchering...
Afghan police fire shots to quell protest after accident
KABUL (Reuters) - Afghan police fired shots on Friday to disperse hundreds of people protesting the deaths of civilians in an accident involving a U.S. embassy vehicle, police...
Italy speaker refuses to resign, deepens crisis
ROME (Reuters) - The influential speaker of Italy's lower house refused to step down on Friday after being censured by his own party, and said his supporters could vote against the government of...
With one day to go, town braces for Clinton wedding
RHINEBECK New York (Reuters) - With a day to go before Chelsea Clinton's multimillion-dollar wedding, the tiny town of Rhinebeck, 100 miles north of New York City, was bustling with activity on...
BP lawsuits over oil spill take center stage
The oil spill in the waters off China's Dalian harbor was only a fraction of the size of BP's in the Gulf of Mexico, but workers managed to clean it up in about 10 days. How did they do...
Asian Markets End In Negative Territory
(RTTNews) - The markets in Asia ended the trading session on Friday, the last trading day of the week and the month, in negative territory, taking cues from Wall Street where the major averages ended...
U.N. rights body tells Israel to end Gaza blockade
It is time for the United States to stop trading with China and ban Americans from traveling there. Why? Look at the U.S. Department of State's most recent annual report on human rights around the...
Nikkei Stock Average closed at 9,537.30, down 158.72 points
TOKYO - The Nikkei Stock Average of 225 issues closed at 9,537.30 on the Tokyo Stock Exchange Friday, down 158.72 points or 1.64 per...
Japanese stocks hit by strong yen, lead Asia lower
HONG KONG (MarketWatch) -- Asian markets declined Friday after a sluggish finish to the prior session on Wall Street, with Japanese shares hit particularly hard as weak economic indicators and a...
U.S. embassy employees poisoned by mail: French police
PARIS (Reuters) - Three employees of the U.S. embassy in Paris were being treated for poisoning on Friday after opening mail, but there was no immediate information on the seriousness of their...
Nikkei closes down 1.64% as U.S. recovery fears loom
TOKYO, July 30 (Xinhua) -- Tokyo stocks retreated Friday with the key Nikkei stock index falling 1.64 pct as growing concerns about the U.S. economy's recovery and a strong yen negated the effect of...
Asian Stocks Drop on Japanese Data, Macquarie Earnings Outlook
July 30 (Bloomberg) -- Asian stocks fell, dragging down the MSCI Asia Pacific Index by the most in almost two weeks, as higher-than-estimated unemployment in Japan and a poorer Macquarie Group Ltd....
Hang Seng down 0.30pc at close
(2 hrs 15 mins ago) Hong Kong stocks ended 0.30 percent lower following a weak lead from Wall Street and weighed by concerns about the global recovery. The benchmark Hang Seng Index ended 64.01...
Shanghai falls, HK at best month; Chalco up on joint venture
HONG KONG/SHANGHAI, July 30 (Reuters) - China's key stock index fell 0.4 percent on Friday, as investors cashed in on bank stock gains, while China Everbright Bank said it would list on the...
China overtakes Japan as No.2 economy: FX chief
BEIJING (Reuters) - China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of...