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U.S. markets recover from steep losses
TOKYO, Aug. 29 (UPI) -- The Japanese government unveiled a $107.8 billion stimulus package Friday to boost the economy, officials said.
The package was expected to ease the impact of rising energy and raw material costs, Kyodo reported in Tokyo.
The package, endorsed by Japanese Prime Minister Yasuo Fukuda, focuses on aid in the form of government-backed loans and tax breaks for smaller companies and households suffering from higher gasoline and food prices.
''Global rises in crude oil and food prices are seriously affecting people's lives,'' Fukuda told a meeting of relevant Cabinet ministers. ''It is necessary to watch the daily lives of ordinary citizens and quickly respond to their pain and concerns.''
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BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
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OTTAWA, May 24 (UPI) --
A planned shakeup in the command structure of Canada's 68,000-strong armed forces will save costs and also respond to criticism of government performance over the planned Canadian acquisition of the Joint Strike Fighter program.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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It is a whole new ball of wax in Europe these days.
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