ລິ້ງ ສຳຫລັບເຂົ້າຫາ

Geithner To Propose Expansion of US Oversight of Financial Markets


OBAMA - ECON: The Obama administration plans to propose increased government oversight of certain risky and aggressive investment strategies blamed for helping cause the worst financial crisis in decades. Treasury Secretary Timothy Geithner is expected to outline the administration's proposal to overhaul and tighten financial regulations Thursday in Washington. Officials say the plan also includes a measure to give the administration expanded powers over major non-bank financial institutions on the brink of collapse, such as large insurance companies like American International Group.

NOKOR - NUCLEAR: South Korea's Defense Ministry is warning North Korea not to launch a long-range rocket into space, saying it would be a serious challenge and provocation to security in northeast Asia. Speaking with reporters Thursday, Defense Ministry spokesman Won Tae-jae urged North Korea to immediately halt its preparations for the launch. North Korea says it plans to launch a communications satellite between April fourth and April eighth. But the United States, Japan and South Korea have said Pyongyang intends to use the launch to test its missile capability.

US - CHINA - MILITARY: China is calling on the U.S. government to stop issuing an annual report on the Chinese military, saying its latest edition is a "groundless" and "gross interference in China's internal affairs." Foreign Ministry spokesman Qin Gang told journalists in Beijing Thursday that the report continues to play up what he says is the fallacy of China's military threat. He warned that if the United States does not stop issuing the report, it could further damage U.S.-China military relations. One specific issue the report raised was the build up of missiles in China aimed at Taiwan.

TAIWAN - CORRUPTION: The corruption trial of former Taiwanese President Chen Shui-bian began in the capital of Taipei Thursday, marking the start of a court battle that could see him jailed for life. Mr. Chen was brought into the packed Taipei courtroom in handcuffs, the island's first ex-president ever to stand trial. Mr. Chen faces allegations of looting a presidential fund, taking bribes and laundering money. He has pleaded not guilty and claims he is the victim of a political witch hunt. Mr. Chen has accused his successor, President Ma Ying-jeou, of pursuing the case to appease China.

MALAYSIA - POLITICS: The biggest party in Malaysia's ruling coalition has elected Deputy Prime Minister Najib Razak as its new president. Najib ran for the post uncontested and will replace Prime Minister Abdullah Badawi as the new head of the United Malays National Organization. The elected UMNO president will also become prime minister. Mr. Abdullah will step down as head of the UMNO Thursday and Najib will take up his post as prime minister next week. Malaysia's ruling coalition is led by the UMNO and has governed Malaysia since 1957.

THAILAND - POLITICS: More than 20,000 red-shirted protesters have marched on the office of Prime Minister Abhisit Vejjajiva in the capital of Bangkok, demanding that his three-month-old government resign. The demonstration began Thursday, shortly after Mr. Abhisit's government began handing out $55 checks to millions of Thais to stimulate the economy, which has been battered by the global financial crisis. Protest leaders accused the government of using the stimulus plan to buy public support and pledged to not leave until the government of Mr. Abhisit steps down and calls early elections.

PAKISTAN - VIOLENCE: Officials and witnesses say 11 people are dead in northwestern Pakistan in a suicide bombing that targeted pro-government fighters. Pakistani intelligence officials say the bomber targeted a restaurant Thursday in the town of Jandola, near South Waziristan. They say the attack appears to be the result of rivalries between two militant groups. Officials and witnesses say the bomber tried to get into the restaurant, where fighters loyal to a local anti-Taliban militant had gathered, and that he blew himself up when people tried to stop him from entering.

AFGHANISTAN - VIOLENCE: Separate attacks on a police post and on a police convoy in southern Afghanistan have left nine policemen dead, with officials blaming the Taliban for both incidents. Afghanistan's Interior Ministry says the nine police officers died when Taliban fighters stormed a police post in the Nahri Sarraj district of Helmand province Thursday. Meanwhile, an official says Taliban militants were behind an attack on a police convoy just outside the city of Ghazni. The official says the convoy was taking a Taliban prisoner to the provincial capital when the gun battle broke out.

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