Iranian leaders scoffed at proposed new UN sanctions over their nuclear program, insisting that their government has "gone beyond its obligations" to disclose the full scope of activity, which it would not be pressured into stopping. Diplomats close to the International Atomic Energy Agency appeared to agree with the Iranian position, noting that senior IAEA officials had been permitted to see an advanced uranium-enrichment site. The latest proposed sanctions would not be "harsh," Russian Foreign Minister Sergey Lavrov said.Skip to next paragraph
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Stock indexes rose on Asian markets Wednesday in response to the latest cut in interest rates by the US Federal Reserve. The advance was led by Hong Kong's Hang Seng, which closed 10.7 percent higher, its biggest gain in a decade. The Sensex in India recovered almost half of its 12 percent loss earlier in the week. Australia's market ended a 12-day slump, closing up 4.4 percent. In Tokyo, the Nikkei index reversed a two-day decline, gaining 2 percent. Major European markets, however, were down by at least 3.7 percent at midday Wednesday.
Police in Kenya broke up another day of rioting, firing tear gas at young supporters of defeated presidential candidate Raila Odinga as a funeral ceremony for victims of earlier trouble turned violent. But Odinga's Orange Democratic Movement said it would honor a request by former UN Secretary-General Kofi Annan to hold no further protests while he conducts mediation efforts to try to end the three-week-old crisis. Above, a rioter in Nairobi retreats from the heat of a burning car.