Geithner – Yuan revaluation “China’s choice”

China will ultimately decide more yuan flexibility would benefit it, U.S. Treasury Secretary Timothy Geithner said on Tuesday as Beijing defended its currency policy and said any changes would be on its own terms. Geithner, who told Indian television the global economic recovery “looks quite strong now,” also said it was “China’s choice” whether or not it revalues the yuan. The White House said President Barack... [more]

Thai protesters skirmish with police in tourist hub

Scuffles broke out in Bangkok Tuesday between riot police and anti-government protesters, while a grenade exploded outside the ruling party’s offices, fanning tensions in the capital. The red-shirted supporters of ousted premier Thaksin Shinawatra threw plastic bottles and pushed against police barricades, paralysing Bangkok’s shopping and hotel district for a fourth day, despite the threat of arrest. “We are ready to fight... [more]

Election May 6: Brown Returns To Downing Street

Gordon Brown is on his way back to Downing Street after asking the Queen for a May 6 General Election. Mr Brown will stand outside No 10 and set out the themes of his campaign as he fights to stay on as Prime Minister. He asked the Queen her to dissolve Parliament on April 12 which will mark the official start of the campaign. He stayed at Buckingham Palace for approximately 22 minutes. The polls suggest it will be the hardest fought election... [more]

Greece faces rising urgency as IMF advisors arrive

The Greek-EU debt crisis is taking a new twist with the expected arrival here on Wednesday of experts from the International Monetary Fund amid uncertainty over the status of a vague EU-IMF safety net. Greek sources say the IMF mission is merely to offer advice on managing its crippled budget, but there is deep unease in financial markets about the outlook. Greece, a member of the eurozone, has revealed that it is planning a huge operation... [more]

May 6th election will may be held on : British PM

British Prime Minister Gordon Brown will kick off a month-long general election campaign Tuesday, set to be a neck-and-neck race dominated by the country’s recession-hit economy. Brown visits Queen Elizabeth II to dissolve parliament and officially fire the starting gun on the campaign which will culminate in a May 6 vote, a government source confirmed speaking on condition of anonymity. Campaigning has already been under way for some... [more]

Vietnam: Hacking claims is baseless

Vietnam has dismissed what it called “groundless” accusations from Google and McAfee that the communist country had apparently used malicious computer programs to hack websites and spy on political opponents. Google said Vietnam had apparently used software known as “malware” to snoop on opponents of a controversial bauxite mine planned for Vietnam’s Central Highlands. It said the cyber attacks had targeted... [more]

Thai protesters cancel march to avert clashes

Thai anti-government activists canceled plans to stage protests at nearly a dozen no-go zones across Bangkok on Tuesday but continued their siege of the capital’s upmarket shopping and hotel district. The protesters, who are demanding new elections, called off the proposed parade through the city after thousands of riot police and soldiers came out to block them, saying they wanted to avoid clashes. After some brief pushing and shoving... [more]

Today in History – 6th APR

Today is Tuesday, April 6, the 96th day of 2010. There are 269 days left in the year. Today’s Highlight in History: On April 6, 1909, American explorers Robert E. Peary and Matthew A. Henson and four Inuits became the first men to reach the North Pole. On this date: In 1830, the Church of Jesus Christ of Latter-Day Saints was organized by Joseph Smith in Fayette, N.Y. In 1862, the Civil War Battle of Shiloh began in Tennessee as... [more]

Tense standoff in Peru as protest turns deadly

Thousands of Peruvian wildcat miners were locked in a tense standoff with police on Monday after six people were killed during a protest against stricter environmental controls imposed by the government. The violence broke out near the town of Chala, 372 miles (600 km) south of the capital Lima, on Sunday when police tried to clear a roadblock set by the miners on the Panamerican Highway leading to Chile. Two of the dead were bystanders,... [more]

Govt to seek $16M penalty over Toyota recalls

The Transportation Department says it’s seeking themaximum penalty, more than $16 million, against Toyota for failing to promptly notify the government about defective gas pedals among its vehicles. The fine would be the largest civil penalty ever issued to an automaker by the government. Transportation Secretary Ray LaHood says evidence shows that Toyota knew of the problem with sticking gas pedals in late September but did not... [more]

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