Tuesday, September 16, 2008

Pakistan orders troops to shoot at raiders

Tensions between Pakistan and the U.S. may heat up after Islamabad ordered its troops to fire at troops crossing into its terrritory.

The United States has conducted cross border raids from Afghanistan against insurgent without obtaining permission from the Pakistani government.

Washington has accused Pakistan of not trying hard enough to rid the Taliban and al-Qaeda from its territory.

BBC News

Pakistan Would Fire on Intruders
New York Times - 3 hours ago
By SALMAN MASOOD and GRAHAM BOWLEY ISLAMABAD, Pakistan - The Pakistani military said on Tuesday its troops would fire on foreign forces if they crossed the country’s borders but denied that this was a change of policy.
Video: Pakistani Troops Ordered to Fire It US Raids AssociatedPress
Pakistan in border warning to US BBC News

Asian markets tumble on Wall St. news

Asian markets fell sharply led by losses in Japan, South Korea and Hong Kong after news of the collapse of Lehman Brothers and the takeover of Merrill Lynch & Co. on Wall Street.

The bad news was compounded by reports that American Insurance Group, Inc. (AIG) is also in trouble after its credit rating was downgraded.

On a positive note, oil prices have dipped sharply as speculators surmise demand will slow along with economic growth.

Turmoil hits Asia; Hong Kong, Seoul deep in the red
MarketWatch - 1 hour ago

By Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- Markets across Asia were blasted by a wave of selling Tuesday, with creditors of Lehman Brothers among the leading decliners, followed by consumer exporters, as investors reassessed the outlook ...

Stunned Lehman Employees Pack Bags Across Asia; Investors Fume CNNMoney.com
Wall Street's Upheaval Unnerves Asian Markets Forbes