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Taiwan stocks open lower after Wall Street tumble

Taiwan stocks open lower after Wall Street tumble

Favourites win in UEFA Cup

Favourites win in UEFA CupHamburg - There were victories for most favourites in Thursday's UEFA Cup group games, with Serie A clubs AC Milan and Udinese being two of six club with two wins from two matches.

Former Champions League winners Milan needed a goal four minutes into injury time from substitute Ronaldinho to break down the Sporting Braga defence.

The other Group E game saw German Bundesliga club VfL Wolfsburg come from behind to beat Dutch club Heerenveen 5-1 in the so-called Group of Death.

Youth, suburbanites, minorities drove Obama's White House win

Youth, suburbanites, minorities drove Obama's White House win Washington - Democrat Barack Obama won the presidency with a groundswell of support from youth, women, suburbanites and minorities, according to exit polls analyzed by various media organizations since Tuesday's vote.

Both Obama and McCain got 28 per cent of their support from independents, however.

Obama also benefited from what is expected to have been an unprecedented turnout projected at 133.3 million, or 62.5 per cent of eligible voters, the Wall Street Journal reported.

Lincoln's 200th birthday coincides with Obama inauguration

Lincoln's 200th birthday coincides with Obama inaugurationWashington - In an ironic twist, the US will be celebrating the 200th birthday of president Abe Lincoln - the US leader who ended slavery - just weeks after the inauguration of its first black president, Barack Obama.

Thus, it's hardly surprising that the theme of Obama's January 20 historic inauguration will be dominated by Lincoln, a president who also took office as the nation faced huge challenges.

US tightens Iran's access to international finance

US tightens Iran's access to international finance Washington - The United States has moved to cut off all Iranian transactions routed through US banks to further tighten sanctions over the Islamic state's nuclear and other illicit activities, the US Treasury Department announced Thursday.

Iranian banks and other institutions could previously send transactions through US banks as long as they were initiated by a non-Iranian or American bank outside the US and ended in a non- Iranian or American bank outside the US.

Christie's auction falls short by half of estimated prices

Christie's auction falls short by half of estimated pricesWashington - Art has not escaped the downward pressure of the economy, as Christie's failed to get even half of the minimum prices expected for a raft of late 19th and 20th Century artworks.

The New York auction house brought in only 47 million dollars instead of the 104 million dollars projected as the minimum values in its auction late Wednesday night.

Nearly 30 per cent of the work for sale found no buyer, including works by Manet, Cezanne, Rothko and de Kooning.

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