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Less than two weeks after being punished with new U.N. sanctions, North Korea has sent its ceremonial head of state and two top economic officials to Singapore and Indonesia on a trip that appears aimed at drumming up outside investment.
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Europe and the EU have seen their influence around the world wane over the past 12 months due to the worsening financial crisis in the region, according to a BBC World Service Poll.
A 40-year-old man was killed on Saturday at the Partapur air strip here after being hit by a micro-lite plane he owned as he clicked its pictures.
The Sri Lankan Central Bank said Saturday that it expects stability in the domestic foreign exchange market over the next few weeks following a decision to reduce the volume of imports.
Gold prices fell to a four-month low on Friday as worries over the financial health of Greece and Spain and huge trading losses for JPMorgan hurt stock markets and the euro, prompting investors to seek refuge in the dollar.
Global shares and commodity prices fell on Friday as investors wary of political deadlock in Greece and weak economic data from China cut back on their appetite for risk.
Former finance minister and socialist party head Evangelos Venizelos met Friday with election winner Antonis Samaras, the leader of Greece’s conservative party, in a last ditch effort to form a coalition government in the crisis-struck country.
World stock markets were mostly lower Friday as traders eyed a large surprise trading loss at JPMorgan Chase, political upheaval in Greece and signs of slowing economic growth in China.
Panasonic’s January-March losses ballooned 10-fold to 438 billion yen ($5 billion), completing a year of record red ink at the Japanese electronics maker battered by natural disasters and an ailing TV business.
Gold slipped more than half a percent on Friday, tracking equities lower, as investors failed to shake off worries about Europe’s debt crisis and its impact on global economic growth.