Asia pacific leaders set their sights on an ambition goal, creating a trading block with an output of 20 trillion. A total population of about 3. 4 billion people. The leaders of 16 countries have agreed to start negotiations in the new year. The heads of the association of Southeast Asian nations met in cambodias capital. The leaders of six regional partners including japan, china, and india joined them at the summit. They issued a joint kmun ka that said they hope to Reach Agreement by the end of 2015. Leader from japan, china, and south korea agreed to Start Talking on a Free Trade Agreement of their own. They said they would put aside the territorial disputes between japan and the two other nations. Japanese officials want to ease restrictions to give them more access to their neighbors economies. Chinese and south korean officials have already begun talks on a free trade deal between their countries. Now negotiators involved in discussions for another free trade zone in the asia p
Officials in the country are coming up with Creative Solutions to meet the growing demand. Investors have said markets across asia on a downward slide and the Tokyo Stock Exchange racked up the worst losses. The benchmark nikkei average posted its biggest oneday loss in more than seven months. It tumbled 4. 18 to end at 14,008. Its lowest close in almost four months. Investors pulled their money out of riskier assets such as stocks after disappointing u. S. Manufacturing data fanned fears. Investors went after safer assets such as the japanese currency. The stronger yen hurt local equities, especially exportrelated issues and growth sensitive shares. The nikkei climbed 56 last year. The best performer among Major Economies in the world. Since then, many investors have reduced their positions in part because of worries about Slower Growth in china, and Fund Outflows from emerging economies. The index has declined 14 since year end. The Tokyo Stock Exchange wasnt the only market taking a
Talk shows. The senate is expected to be in session in an hour. Hopes are that a bipartisan effort will break the budget impasse before default. John terrett joins us from capitol hill. Lets get people up to speed. Republicans blocked a bill yesterday to increase the debt ceiling in the senate. Today, what could happen today . The focus is on the senate. Take it from there. It is because the house is not coming in today, they didnt come in last sunday or the sunday before the shutdown began either. The senate is meeting today. We expect them to get together at 1 oclock eastern. Its a rare sunday session for the senate. What they are going to achieve no one is sure. Therell be plenty of behind closed doors meetings, as there were yesterday, when we realised the emphasis in this the Government Shutdown and the debt ceiling or raising it moved away from the house though the senate. All eyes on the senate. Republicans in the house conceded that the president is not dealing with them, he th
Hour is a starvation wage. We need to raise the minimum wage. Mr. President , anybody who has kids in college today understands that it is harder and harder for workingclass and middleclass families to send their kids to college. And what the American People are saying to us, do something. You tell us what is true, is that its hard to make it into the middle class unless kids have a college education. Well, do something to make college affordable. Dont have my kid leaving college or graduate school 50,000 in debt or 80,000 in debt. Do something about that. And, mr. President , anybody who drives anywhere in america, in vermont or in indiana or anyplace else, understands that our infrastructure, our roads, our bridges, wastewater plants, water plants, our rail system is deteriorating rapidly. And they say do something about the infrastructure. And people are telling us that as Global Warming is perceived as more and more of a crisis, do something about energy efficiency. Why are we emit
Afghan capital kabul. And their challenges dont end there. Police in switzerland have detained the copilot of an Ethiopian Airlines flight. They say the hijacked they say he hijacked a plane and landed at Geneva International airport. Ethiopian Airlines Flight 702 departed from addis ababa in the countrys capital and was scheduled to arrive in rome. Police in geneva say the copilot took over control of the cockpit when the pilot was in the bathroom. They say he looked the door from the inside and changed the destination without permission. He is asking for political asylum in the country. Airport Officials Say all 200 passengers and crew members are safe and that the situation is under control. Authorities in northwestern china have released more details about an attack in the xinjiang uighur autonomous region. They say terrorists were targeting police when they carried out the assault on friday. They say 11 of the attackers were killed. Chinas staterun news agency reported on friday t