- N.C. math whiz to unveil secret of March Madness picks
- An appealing offer: Chiquita merges with Fyffes to make world’s largest banana firm
- Amnesty International says Syria guilty of war crimes for food blockade
- Mitch McConnell on beating tea party: ‘We are going to crush them’
- Adam Lanza’s dad: He would’ve killed me ‘in a heartbeat’
- North Korea holds election: 100% turnout, Kim Jong-un gets — 100% of vote
- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
Interest rate raised for 1st time since crisis
BEIJING | China raised its key interest rate Tuesday for the first time since the global financial crisis as it tries to control inflation and rapid growth even as other Asian economies move to keep their recoveries on track.
The rate hike, China’s first since 2007, reflected Beijing’s focus on guiding growth to a more sustainable level rather than revving up the economy after it expanded by 10.3 percent in the second quarter.
The rate on a one-year loan was raised by 0.25 percentage points to 5.56 percent effective Wednesday, said the People’s Bank of China, the nation’s central bank. The one-year rate paid on deposits was raised, also by 0.25 percentage points, to 2.5 percent.
Peru offers dock rights to coast-hungry Bolivia
LIMA | Landlocked Bolivia is getting a tiny sliver of the Pacific — a dock, a free-trade zone and the right to run some naval vessels, although the agreement signed Tuesday with Peru falls far short of what Bolivians have wanted for 126 years — a coastline of their own.
President Alan Garcia announced the pact during a ceremony at the southern Peruvian port of Ilo. It is part of a long-standing crusade by Peru and Bolivia to prod neighboring Chile into giving back some of the territory it seized in the 19th-century War of the Pacific.
“It is unjust that Bolivia has no sovereign outlet to the ocean,” Mr. Garcia said, with Bolivian President Evo Morales at his side. “This is also a Bolivian sea.”
Mr. Morales said the agreement would give Bolivia a gateway to export its products, and he vowed that “Bolivia, sooner or later, will return to the sea.”
Rash of killings grips Pakistan’s largest city
ISLAMABAD | Gunmen killed five people in Pakistan’s largest city Tuesday, an official said, the latest victims in a surge of violence to grip Karachi and underscore the poor state of law and order in this U.S.-allied nation.
At least 37 people, including several political activists, have been killed and another 48 have been wounded since Saturday in the southern port city, said Sharmila Farooqi, a spokeswoman for the Sindh province government. The violence coincided with Sunday’s election to replace a provincial lawmaker killed in August.
TWT Video Picks
Taxpayers must pay the freight for over-budget train projects
- Kim Jong-un calls for execution of 33 Christians
- Rand Paul wins 2014 CPAC straw poll, Ted Cruz finishes a distant second
- Investigators puzzle: How does a 777 jetliner just disappear into thin air?
- Russia besieges Crimea as U.S. seeks diplomacy; Putin remains undeterred by Obama's sanctions
- As Crimea falls, Obama takes Key Largo golf vacation, Biden hits Virgin Islands
- Senate Democrats, Republicans spar over restoring unemployment benefits
- CURL: Today's GOP really is Reagan's 'Big Tent' party
- Adam Lanza's dad: He would've killed me 'in a heartbeat'
- Bill Clinton poses for photo with Bunny Ranch prostitutes
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again