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Taiwan councillor indicted for inciting mob to attack Chinese envoy

Taipei - Taiwan prosecutors on Thursday requested a 14-month prison term for a city councilman after charging him with inciting a mob to attack a visiting Chinese official last week.

"Through radio broadcasting, the defendant Wang Ting-yu publicly incited the public to rally at the venue where Zhang Mingqing visited and led the mob in applying violence by pushing Zhang, resulting in Zhang being shoved to the ground and injured," prosecutor Lee Ching-wen said.

"For this, we are seeking a sentence of one year and two months in prison against the defendant," she said.

Philippine stocks up 4.73 per cent

Philippine stocks up 4.73 per centManila - Philippine stocks surged 4.73 per cent on Thursday following gains in regional markets and the US Federal Reserve's interest rate cut, traders said.

The 30-share composite index added 84.29 points to close up for the second straight session at 1,864.93, from Wednesday's finish of 1,780.64.

A total of 1.885 billion shares worth 2.517 billion pesos (51.367 million dollars) were traded.

Gainers swamped losers 88 to 21, while 27 issues were unchanged.

Hong Kong stocks up 10 per cent on interest rate cuts

Hong Kong stocks up 10 per cent on interest rate cuts Hong Kong - Hong Kong stocks surged by 10 per cent in morning trading Thursday on the back of the US Federal Reserve's interest rate cuts.

The blue-chip Hang Seng index gained 1,283 points closing at 13,986 points at lunchtime as investors took comfort in the Feds move Wednesday to ease the credit crisis by reducing the interest rate by 0.5 per to 1 per cent.

Earlier Thursday, the Hong Kong Monetary Authority announced it was following the move, cutting its base interest rates by 50 points to 1.5 per cent. Hong Kong's currency is pegged to the US dollar.

Obama Leads McCain In The Recent Nationwide Opinion Polls

Obama Leads McCain In The Recent Nationwide Opinion PollsDaily Kos/Research 2000's Obama vs McCain poll, conducted from October 19 to October 21, shows Obama leading McCain by 8 % points — 50 % to 42 % among the likely voters nationally.

Reuters/CSPAN/Zogby's Obama vs McCain poll, conducted from October 19 to October 21, shows Obama leading McCain by 10 % points — 52 % to 42 % among the likely voters nationally.

Investors Business Daily/TIPP's Obama vs McCain poll, conducted from October 18 to October 22, shows Obama leading McCain by 1 % — 45 % to 44 % among the likely voters nationally.

Taiwan stocks rise more than 6 per cent by mid-session

Taiwan Stock ExchangeTaipei - Taiwan stocks surged more than 6 per cent by mid-session Thursday after the central bank cut interest rates and on positive signs in Taiwan-China ties.

The benchmark TAIEX rose 266.31 points, or 6.04 per cent, to 4,672.83 in mid-morning trading after the central bank cut interest rates by
0.25 per cent, and due to positive signs in Taiwan-China ties.

Viswanathan Anand retains World Chess title

Grandmaster Viswanathan AnandBonn, Oct 30 : Grandmaster Viswanathan Anand retained the World Chess Championship title in Bonn late on Wednesday night after ending the 11th game with Russia’s Vladimir Kramnik in a draw.

Anand had earlier won the Championship in 2000 and 2007.

Anand won three games, drew seven times and lost once en route to winning the competition by 6.5 points to 4.5.

With this win, he became the first player in chess history to have won the World Championship in three different formats: Knockout, Tournament and Match.

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