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
- Challenge pro field heats upPenticton / S. Okanagan - 4:10 pm
- Knox, Dilworth parks reopenKelowna - 4:23 pm
- Underwear run a big hitPenticton / S. Okanagan - 3:07 pm
- Puppy attacked at parkKelowna - 11:34 am
|QHR Technologies Inc||1.20||-0.01|
|Anavex Life Sciences||0.265||+0.005|
|Copper Mountain Mining||2.99||+0.11|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.26||+0.045|
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...
Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...