U.S. urges both Vietnam, China to use restraint in their standoff
HANOI, Vietnam - A visiting U.S. official called on Vietnam and China to practise restraint in their standoff over Beijing's oil rig in the disputed South China Sea, warning that the global economy was too fragile to deal with conflict.
In a sign of the jitters, Vietnam's main stock market index recorded its biggest one-day drop since 2001 on Thursday.
On Wednesday, Vietnam said Chinese ships escorting a giant oil rig close to the Paracel Islands had repeatedly rammed Vietnamese vessels in the most serious incident between the two countries in years.
U.S. State Department official Daniel Russel urged both sides to "refrain from unilateral actions."
He told reporters that the global economy was "too fragile to brook the possibility of a crisis that could escalate into conflict."
Read more Business News
- Mayor takes shot at zero taxKelowna - 6:21 am
- Captain has boating concernsKelowna - 6:00 am
- MasterChef denies allegationsKelowna - 5:00 am
- 3-year study on 2nd crossingKelowna
|QHR Technologies Inc||1.30||+0.01|
|Anavex Life Sciences||0.25||0.00|
|Copper Mountain Mining||2.73||+0.03|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.28||+0.015|
Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...
Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...
This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...