Monthly Archives: December 2014

China December factory PMIs suggest economy cooling further, more stimulus expected

Employee welds the exterior of a vehicle along a production line at a factory in QingdaoBEIJING (Reuters) – China's factory activity sputtered in December, underlining the challenges facing the country's manufacturers as they fight rising costs and softening demand in a cooling economy. After a rough 2014, the world's second-largest economy looks set to start the new year on a weak note, reinforcing expectations that Beijing will roll out more stimulus to avert a sharper slowdown which could trigger job losses and debt defaults. …

Democrat tipped blogger about Republican lawmaker meeting with white nationalists

Newly elected House Majority Whip Scalise speaks to the media as Speaker of the House Boehner listens on Capitol Hill in WashingtonBy Jonathan Kaminsky NEW ORLEANS (Reuters) – The campaign manager of a Democrat who challenged U.S. House Majority Whip Steve Scalise of Louisiana tipped off a blogger that the Republican lawmaker had spoken to a white supremacist group in 2002. However, Democrat Gilda Reed did not expose the meeting during the 2008 special election for the House seat because she believed it would not sway the district’s conservative electorate. “I felt strongly that it would not have walked,” Reed told Reuters on Wednesday. "I was running in a district with a lot of bigots. …

Shanghai New Year’s Eve stampede kills 35 after fake money thrown from building

People cry at a hospital after a stampede occurred during a New Year's celebration on the Bund, central ShanghaiBy Adam Jourdan SHANGHAI (Reuters) – A stampede killed at least 35 people during New Year's Eve celebrations in Shanghai, authorities said, possibly caused by people rushing to pick up fake money thrown from a building overlooking the city's famous Bund waterfront district. The Shanghai government said large crowds started to stampede in Chen Yi Square on the Bund just before midnight, with authorities working to rescue and aid the wounded. …

Top Asian News at 4:00 a.m. GMT

SHANGHAI (AP) — Thirty-five people died in a stampede during New Year’s celebrations in Shanghai’s historic waterfront area, city officials said Thursday — the worst disaster to hit one of China’s showcase cities in recent years. A Shanghai government statement said another 46 people were receiving hospital treatment, including 14 who were seriously injured, following the chaos about a half-hour before midnight.

New Year’s Eve stampede kills 35 in Shanghai after fake money thrown from building

People cry at a hospital after a stampede occurred during a New Year's celebration on the Bund, central ShanghaiBy Adam Jourdan SHANGHAI (Reuters) – A stampede killed at least 35 people during New Year's Eve celebrations in Shanghai, authorities said, possibly caused by people rushing to pick up fake money thrown from a building overlooking the city's famous Bund waterfront district. The Shanghai government said large crowds started to stampede in Chen Yi Square on the Bund just before midnight, with authorities working to rescue and aid the wounded. …