Word: regions
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Fear and despair returned to Asian stock markets on Friday as a drumbeat of bad economic news helped send share prices across the region plunging to historic losses...
...Other Asian governments faced challenges similar to Japan's during the Asian financial crisis of 1997-98. In South Korea, for example, the government bought bad loans from banks and also injected government money into their balance sheets. Several banks were nationalized. Governments across the region also shut down financial institutions deemed too weak to survive or warrant a government bailout. In August 1997 Thailand closed 42 finance companies. Indonesia closed 16 banks in October 1997, and Korea closed 14 merchant banks that December, according to Merrill Lynch. This separating the wheat from the chaff helped to speed economic recovery...
Panelists at yesterday evening’s discussion on the Sudanese Peace Agreement emphasized the importance of the 2011 referendum for stabilizing the region to an audience of students and Boston Sudanese community members in the Tsai Auditorium...
...proposed Southern Sudanese referendum, scheduled for January 2011, would determine if the region would become an independent state...
...will arise: What to do about those tanks? There is mounting evidence from U.S. officials and other experts that the tanks aboard the Faina were not destined for Kenya, as both the Kenyan government and the tank's Ukrainian shippers claim, but for South Sudan, the autonomous oil-rich region of Sudan, which has a fractious relationship with the central government in Khartoum. If the standoff is resolved, will the three American warships encircling the Faina just clear a path and allow it to proceed...