Tag Archives: shock

More early wins for Abenomics, but Japan activity lags

By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) – A small rise in Japanese exports, improving business confidence and surging investment flows demonstrated early successes for Prime Minister Shinzo Abe's radical pro-growth strategy, but firms have yet to see signs of a sustained boost to economic activity. Abe's push for aggressive fiscal and monetary policies to shock the world's third-largest economy back into life after two decades of stagnation has driven the stock market up and the yen down since November. The shift in gears climaxed with the Bank of Japan's $1.4 trillion (917 Continue reading

Posted in World News | Tagged , , , , , , , | Leave a comment

Yen slumps on BOJ easing, Wall Street shares firmer

By Herbert Lash NEW YORK (Reuters) – The yen slumped on Thursday after the Bank of Japan unveiled a bold plan to pump money into the economy, while U.S. stocks gained on investor optimism that expansionary central bank policies would remain supportive for equities. The BOJ surprised markets when it unleashed the world's most intense burst of monetary stimulus, planning to nearly double the monetary base to 270 trillion yen by the end of 2014, in a shock therapy to end two decades of stagnation Continue reading

Posted in World News | Tagged , , , , , , , , , | Leave a comment

Arrest in kidnapping of L.A. girl who was found hours later

Police are still looking for a second suspect in the abduction of the girl, who was found bruised and in shock. Continue reading

Posted in World News | Tagged , , , , , , | Leave a comment

For new renters, it’s all about sacrifices

For first-time renters, the challenges include location, roommates — and sticker shock. Continue reading

Posted in World News | Tagged , , , , , , , | Leave a comment

Stocks drop after turmoil in Cyprus sinks the euro

NEW YORK (AP) — Stocks are slumping on Wall Street and Europe after shock over a proposed tax on bank savings in the tiny Mediterranean nation of Cyprus sent the euro sinking against other currencies. Continue reading

Posted in World News | Tagged , , , , , , , , | Leave a comment

Jorge Bergoglio Elected New Pope (Update 1)

NEW YORK (TheStreet) – The election of Cardinal Jorge Mario Bergoglio, signaled by the traditional white smoke billowing from a chimney on the roof of the Sistine chapel, followed a two-day conclave involving 115 cardinals. Last month, in a shock move, Pope Benedict XVI stepped down for health reasons, the first pope to retire in 600 years. Continue reading

Posted in Stocks | Tagged , , , , , , , , , , , , , , | Leave a comment

Great White Shark Victim Was ‘Glorious Father’

The family of Adam Strange, who died after a shark attack off the coast of New Zealand, say they are in “deep shock”. Continue reading

Posted in Stocks, World News | Tagged , , , , , , , , , | Leave a comment

In wake of Russian meteor, a scramble for new windows

A small army of workers set to work Saturday to replace the estimated 200,000 square meters (50 acres) of windows shattered by the shock wave from a meteor that exploded over Russia’s Chelyabinsk region. Continue reading

Posted in World News | Tagged , , , , , , , , , , , , , , | Leave a comment

How Einhorn turned from Apple advocate to agitator

REUTERS – Hedge fund star manager David Einhorn was arguably Apple Inc's biggest cheerleader on Wall Street with a stake worth about $600 million and an oft-cited prediction that the company's market value would hit $1 trillion some day. Continue reading

Posted in World News | Tagged , , , , , , , , , , , | Leave a comment

Desert drama: Islamists take hostages in Algeria

ALGIERS, Algeria (AP) — In a desert standoff deep in the Sahara, the Algerian army ringed a natural gas complex where Islamist militants hunkered down with dozens of hostages Wednesday night after a rare attack that appeared to be the first violent shock wave from the French intervention in Mali. Continue reading

Posted in World News | Tagged , , , , , , , , , , , , , , | Leave a comment