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Mexico auctions off more foreign reserves for peso

Posted on Oct 10, 2008 - 11:52 am
AP - Mexico's central bank has auctioned off another US$3 billion in foreign reserves, its third auction of the day in an increasingly aggressive bid to push the peso stronger. In all, the bank sold off $6.4 billion.

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Mugabe okays mediation to break Zimbabwe impasse
Posted on Oct 10, 2008 - 11:13 am - AFP
AFP - Zimbabwe President Robert Mugabe agreed on Friday to allow in outside mediation in a bid to break a four-week deadlock over cabinet posts in a new unity government with his political rivals.

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Mexico auctions off $3 billion to prop up peso
Posted on Oct 10, 2008 - 10:16 am - AP
AP - Mexico's central bank has auctioned off US$3 billion in foreign reserves to prop up the falling peso.

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Migrants missing, feared drowned in Gulf of Aden
Posted on Oct 10, 2008 - 8:39 am - AP
AP - About 100 people are missing and feared drowned off the shores of Yemen after their smugglers forced them overboard in the treacherous Gulf of Aden waters, Yemeni officials and the UN refugee agency said on Friday.

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Military staff data drive lost: ministry
Posted on Oct 10, 2008 - 4:48 am - AFP
AFP - A computer hard drive with personal details of some 100,000 serving military personnel, over half the total armed forces, has gone missing, the Ministry of Defence (MoD) said Friday.

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Maldives run-off vote set for October 29
Posted on Oct 10, 2008 - 4:48 am - AFP
AFP - The Maldives' first-ever democratic presidential election will be decided in a run-off on October 29, after the first round failed to deliver a clear winner, officials said.

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Mugabe, Tsvangirai set for new round of talks: report
Posted on Oct 10, 2008 - 4:29 am - Reuters
Reuters - Zimbabwe President Robert Mugabe's party said he would meet opposition leaders Friday, a day after his main rival Morgan Tsvangirai declared a deadlock in talks and urged the intervention of a mediator.

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Mid-sized Japanese insurer goes bankrupt
Posted on Oct 09, 2008 - 11:40 pm - AP
AP - A medium-sized Japanese insurance company says it has gone bankrupt, becoming the first Japanese financial company to collapse on the fallout from the U.S. credit crisis.

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Montenegro, Macedonia recognize Kosovo
Posted on Oct 09, 2008 - 5:34 pm - Reuters
Reuters - Serbia's neighbors Montenegro and Macedonia recognized Kosovo on Thursday in a blow to Belgrade's efforts to counter the secession of its former province.

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Montenegro, Macedonia recognize Kosovo statehood
Posted on Oct 09, 2008 - 4:56 pm - AP
AP - Both Montenegro and Macedonia recognized Kosovo's independence on Thursday, despite opposition from Serbia, which called the moves by its Balkan neighbors a betrayal and expelled the Montenegrin ambassador from Belgrade.

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Macedonian recognizes Kosovo independence
Posted on Oct 09, 2008 - 4:17 pm - AP
AP - Macedonia has recognized Kosovo's independence hours after a similar move by Montenegro.

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Maldives leader faces runoff in 1st free election
Posted on Oct 09, 2008 - 3:19 pm - AP
AP - Maumoon Abdul Gayoom celebrated his top showing Thursday in the Maldives' first democratic election, but the nation's longtime ruler failed to win a majority and will now face his chief nemesis in a runoff.

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Migrant boat capsizes off Morocco; at least 1 dead
Posted on Oct 09, 2008 - 4:48 am - AP
AP - Morocco's official news agency says a boat carrying around 50 migrants has capsized in rough seas and the coast guard is searching for survivors. At least one body has been found.

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Mexico: 16 killed in rough border state
Posted on Oct 08, 2008 - 11:39 pm - AP
AP - Mexican authorities said Wednesday that 16 people were killed in 24 hours in the northern state across the U.S. border from California.

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Milk brings riches and toil to farmers in north China
Posted on Oct 08, 2008 - 11:00 pm - AFP
AFP - Farmers in China's large milk-producing region of Inner Mongolia said governmental safety measures taken in the wake of a tainted milk scandal that shocked the world had been rigorous, but apparent flaws remain.

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Mexico unveils emergency spending to combat crisis
Posted on Oct 08, 2008 - 9:43 pm - AP
AP - President Felipe Calderon on Wednesday unveiled plans for $4.4 billion in emergency spending on roads, schools, hospitals and an oil refinery next year to help Mexico combat the world financial crisis.

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Military probe finds 33 civilians killed in Afghan air strike
Posted on Oct 08, 2008 - 6:50 pm - AFP
AFP - A US military investigation has concluded that at least 33 civilians, including a dozen children, were killed in an air strike August 22 in western Afghanistan, a summary of the findings released Wednesday said.

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Muslim Chinese ask court not to halt their release
Posted on Oct 08, 2008 - 4:35 pm - AP
AP - Lawyers for 17 Chinese Muslims are urging a federal appeals court not to interfere in their release from Guantanamo Bay, Cuba, into the United States this week.

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Mauritanian parties urge African pressure on coup leaders
Posted on Oct 08, 2008 - 1:21 pm - AFP
AFP - Mauritanian pro-democratic parties Wednesday urged the African Union to pressure the ruling junta to obey its directive to reinstate the toppled president.

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Malaysian PM to quit next March
Posted on Oct 08, 2008 - 9:30 am - AFP
AFP - Malaysia's Prime Minister Abdullah Ahmad Badawi said on Wednesday that he will step down next March and hand power to his deputy, ending months of uncertainty since disastrous general elections.

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Mbeki loyalists threaten split from South Africa's ANC
Posted on Oct 08, 2008 - 6:17 am - AFP
AFP - Supporters of ousted South African president Thabo Mbeki threatened Wednesday to split from the ruling African National Congress, accusing its leaders of abandoning democratic ideals.

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Malaysian leader to step down in March
Posted on Oct 08, 2008 - 6:17 am - AP
AP - Malaysia's prime minister announced Wednesday he will step down in March and hand over power to his deputy, averting an open rebellion from party members that could have led to a humiliating ouster.

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