Tokyo stocks led a rout across Asian markets Tuesday, while Japanese government bond yields turned negative, the dollar dived against the yen and gold jumped as fears about the global economy sent investors scrambling to safety. The latest round of blood-letting came on the back of worries about the financial sector as the global economy slows down, without the support of the Federal Reserve's easy monetary policies. London, Paris and Frankfurt all finished down more than 2.5 percent, with the German DAX ending below 9,000 for the first time since October 2014.
By Mohammed Ghobari and Yara Bayoumy CAIRO/DUBAI (Reuters) - The recapture of Aden by Gulf Arab coalition troops last summer has failed to provide any respite from Yemen's civil war, with residents facing a wave of bomb and gun attacks that is crippling efforts to stabilize the city. Since July, the Gulf coalition and local security forces have struggled to impose order in Aden, opening the way for Islamic State, al Qaeda and other armed groups to operate there with impunity. The challenges in Aden show how difficult it will be to restore order to a country gripped by months of conflict in which 6,000 have been killed and where Islamist militants have exploited widespread security weaknesses in what Saudi Arabia sees as its backyard.
SALEM, N.H. (AP) — Eyeing their first wins in a capricious campaign, Republican Donald Trump lashed out at his opponents Monday while Democrat Bernie Sanders sought to play it safe on the eve of the nation's initial primary. GOP contenders vying for second and third saw fresh hopes for survival after New Hampshire as both parties settled in for a drawn-out slog to the nomination.
By Jeff Mason WASHINGTON (Reuters) - U.S. President Barack Obama unveils his final White House budget on Tuesday with a blueprint for fiscal year 2017 that will lay out his spending proposals for priorities from fighting Islamic State to providing for the poor. The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled Congress. "That document ... will be President Obama's final vision of how he lays out the fiscal future for the country," said Joel Friedman, vice president for federal fiscal policy at the Center on Budget and Policy Priorities.
Rescuers deployed heavy machinery Tuesday in a renewed effort to locate more than 100 people trapped in the rubble of a Taiwan apartment complex felled by an earthquake as the 72-hour "golden window" for finding survivors passed. More than 210 have been pulled from the 16-storey Wei-kuan building -- the only high-rise in the southern city of Tainan to crumble completely when the 6.4 magnitude quake struck before dawn Saturday, killing more than 40 people. Tainan mayor William Lai ordered rescuers to start using diggers and extractors to remove giant concrete slabs to better detect signs of life, which they have found in three different areas.
Baton-wielding Hong Kong riot police fired warning shots and pepper spray early Tuesday after a riot erupted in a busy district when officials tried to shift illegal hawkers on Chinese New Year. Television footage showed one officer pointing his gun at crowds of protesters on the streets of Mongkok who hurled bricks, bottles and pieces of wooden pallets at police in the worst clashes since pro-democracy demonstrations in late 2014. Police fired at least two warning shots in the air, multiple news outlets reported, while footage showed protesters removing bricks from pavements, charging police lines with homemade shields and setting rubbish on fire in the middle of the road.