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Recent for 10/20/08

  • Right-Wng Indian Leader Arrested · Police in the Indian city of Mumbai (Bombay) arrested the leader of a right-wing regional party on charges of disrupting government work and rioting.  (BBC) Raj Thackeray, the head of Maharashtra Navnirman Sena (MNS), will appear in court on Tuesday.
  • Nato 'Wavering' Over Afghanistan · Top U.S. commander Gen. John Craddock said the war in Afghanistan cannot be won by military means alone, and described Nato efforts there as disjointed. (BBC) Some countries are reluctant to send troops into combat areas and their fear is hindering progress in dealing with insurgents and drug trade, he said. (Deutsche Welle)
  • Chrysler Explores Renault-Nissan Merger · Cerberus Capital, majority owner of Chrysler, is reportedly in talks to sell a minority stake of the Detroit automaker to Japan's Nissan as continued credit-market worries complicate its merger discussions with General Motors. (WSJ)
  • CITIC Pacific Faces $2 Billion In Forex Losses · CITIC Pacific, the Hong Kong-listed arm of China International Trust and Investment, disclosed Monday it faces losses of $1.89 billion after an executive made risky bets against the U.S. dollar.  CITIC will provide the firm with a $1.5 billion standby loan facility to strengthen its liquidity. (FT)