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
Central Asia quake kills 70, razes village
BISHKEK (Reuters) - A powerful earthquake killed at least 70 people in Kyrgyzstan and leveled a village in the remote mountains of the Central Asian state, the emergencies ministry said on Monday.
Nations:Kyrgyzstan China Russia Tajikistan Afghanistan Uzbekistan Source:(Reuters)
2008-10-06
China struggles with fall-out from tainted milk scandal
BEIJING (AFP) - China was on Sunday struggling to contain the fall-out from the tainted milk scandal, announcing a new survey of melamine-free dairy products and promising to subsidise farmers hit by the scare.
Nations:Australia China New Zealand South Korea Activities:2008 China Milk Scandal Source:(AFP)
2008-10-05
Parents file lawsuit in China against dairy firm
BEIJING - The parents of a 1-year-old boy who developed kidney stones after drinking infant formula tainted with an industrial chemical are suing the dairy at the heart of the scandal, state media reported, as tests implicated 15 more companies Wednesday.
Nations:China Activities:2008 China Milk Scandal Source:(AP)
2008-10-01
A dozen more Chinese dairy companies accused
BEIJING - More than a dozen additional Chinese dairy companies were named as violators after new tests on their milk powder products, further broadening a scandal affecting products ranging from baby formula to chocolate, authorities said.
Nations:China New Zealand Japan Activities:2008 China Milk Scandal Source:(AP)
2008-10-01
China covered up milk scare to protect Olympics: critics
BEIJING (AFP) - China knew about the contamination of milk products months ago but covered the scandal up to prevent it tarnishing the Beijing Olympics, according to journalists, rights groups and media critics.
People:Wen Jiabao Activities:2008 China Milk Scandal China Media Progress China Hu Jintao Admin. Source:(AFP)
2008-09-30
Chinese mission touches down after first spacewalk
BEIJING - Chinese astronauts returned to earth and emerged triumphant from their capsule Sunday after successfully completing the country's first-ever spacewalk mission.
Nations:China People:Wen Jiabao Activities:2008 China Shenzhou 7 Source:(AP)
2008-09-28
Chinese cheer as astronauts makes first spacewalk
BEIJING - Chinese celebrated their nation's first spacewalk Saturday, gathering at outdoor TV screens to cheer live video of the milestone for a program that has ambitions of building a space station and challenging the U.S. and Russia in offworld exploration.
Nations:Russia India Japan People:Hu Jintao Activities:2008 China Shenzhou 7 Source:(AP)
2008-09-27
China's astronauts brace for space walk
JIUQUAN, China (AFP) - China's three astronauts spent their first day in orbit Friday preparing for a much-anticipated walk outside their craft, as Japan voiced hopes its neighbour had peaceful aims in space.
Nations:Japan China People:Zhai Zhigang Activities:2008 China Shenzhou 7 Source:(AFP)
2008-09-26
Baby cereal latest problem in China milk scandal
BEIJING - The list of products caught in China's tainted milk scandal grew Friday to include baby cereal in Hong Kong and snack foods in Japan, while Taiwan reported three children and a mother with kidney stones in the island's first cases possibly linked to the crisis.
Nations:Hong Kong China Japan Taiwan Activities:2008 China Milk Scandal Source:(AP)
2008-09-26
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