Tuesday, October 6th15.5°C

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

Recent Trending

Today's Market
S&P TSX13658.45+106.25
S&P CDNX537.83+7.92
S&P 5001979.92-7.13
CDN Dollar0.7673+0.0028
Natural Gas2.472+0.022

Okanagan Companies
Pacific Safety0.21-0.01
QHR Technologies Inc1.24+0.02
Metalex Ventures0.05-0.01
Russel Metals23.40+0.89
Copper Mountain Mining0.55+0.05
Colorado Resources0.07-0.01
ReliaBrand Inc0.0031-0.0009
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.085-0.010
Decisive Dividend Corp3.10-0.39
Diamcor Mining0.90+0.00


22671083691 Hart Road
8 bedrooms 5 baths
more details
Click here to feature your property
Please wait... loading

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

Living beyond 100

Photo: ContributedThere was a time most careers involved an apprenticeship of one sort another. Some official, others involving years of servitude, and others time simply spent watching and emulating ...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...



Member of BC Press Council