International

GM pushed closer to bankruptcy filing
27/05/2009 05:00
With bondholders refusing to swap debt for a 10-percent stake, the largest U.S. automaker General Motors Corps. has been pushed closer to a bankruptcy filing. A GM inflatable sign is seen during the Barrett-Jackson auto auction in West Palm...
Clinton: U.S. committed to defending South Korea, Japan
27/05/2009 05:00
U.S. Secretary of State Hillary Clinton reiterated on Wednesday that the United States will defend South Korea and Japan when the two countries face threats from the Democratic People’s Republic of Korea (DPRK). U.S. Secretary of State Hillary...
GM said to gain consumer trust from Chrysler process
27/05/2009 05:00
Two workers attach the grill and bumper assemblies to a new Chevrolet Camaro on the assembly line at General Motors of Canada’s Oshawa Car Assembly plant on May 22. Chrysler LLCâs swift bankruptcy process...
Endangered turtles find sanctuary on Indonesian islands
27/05/2009 05:00
Children along with residents and activists release sea turtles into the sea on Runduma Island, Wakatobi on Tuesday. For centuries, turtle eggs have been as good as currency on this tiny Indonesian island -...
Madoff scam causes heavy losses to Dutch
27/05/2009 05:00
Dutch financial institutions and individuals may have lost a combined 1.9 billion euros (2.6 billion U.S. dollars) to the pyramid investment scheme set up by alleged U.S. fraudster Bernard Madoff, Dutch media reported Thursday. Accused swindler...
Taliban claim attack in E Pakistan to avenge offensive
27/05/2009 05:00
Pakistani Taliban Thursday claimed responsibility for a suicide attack in the country’s eastern city of Lahore to avenge a military offensive in the northwest and vowed further deadly strikes, according to local press reports. Rescue workers...
U.S. stocks surge on consumer confidence data, technology
26/05/2009 05:00
U.S. stocks soared on Tuesday, boosted by a surprising jump in the consumer confidence in May and a strong rally in the technology sector. Traders work on the floor of the New York Stock Exchange, May 26, 2009. (Xinhua/Reuters photo) Wall...