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
- Parents scrambling for daycare BC - 2:16 pm
- Fire destroys houseVernon / N. Okanagan - 3:05 pm
- Negotiation or legislation?Poll - 2:08 pm
- Quad crash hospitalizes oneKelowna - 1:04 pm
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.25||+0.01|
|Copper Mountain Mining||2.93||+0.02|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.245||-0.005|
Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....
Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...