Thursday, November 27th1.8°C
24124
23988

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."

The Canadian Press


Read more Business News

23967


Recent Trending




Today's Market
S&P TSX14922.44-115.97
S&P CDNX765.38-5.68
DJIA17827.7512.81
Nasdaq4787.317+29.065
S&P 5002072.83+5.80
CDN Dollar0.8817-0.0001
Gold1185.20-11.40
Oil68.83-4.86
Lumber327.90-1.60
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.15-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.340.00
Cantex0.04-0.005
Anavex Life Sciences0.171-0.004
Metalex Ventures0.04+0.005
Russel Metals30.70-0.80
Copper Mountain Mining2.12-0.04
Colorado Resources0.13+0.01
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.32-0.02

 
23744


24041

FEATURED Property
20691103953 Harding
$325,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Second marriage issues

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals ente...


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...

_



24160

24156


Member of BC Press Council


23646