Asian Oil prices rise after sharpest fall in 17 years
Oil prices rose in Asia on Wednesday after fears
for economic growth sent prices into their steepest fall in 17 years
during New York trading, analysts said. New York’s main oil
contract, light sweet crude for August delivery, was 22 cents higher
at 138.96 dollars a barrel.
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S.Korea rules out compromise with Japan on islands
An angry South Korea Wednesday ruled out any
diplomatic compromise with Japan in a worsening row over Tokyo’s
claim to a group of disputed islands controlled by Seoul.
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Security beefed up in Beijing ahead of Olympics
China has thrown a tight security perimeter
around Beijing to safeguard the Olympics, causing huge traffic jams
and long waits for motorists entering the city, state press said on
Wednesday.
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