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November 25, 2008 Tuesday
Updated

BEIJING - SHARES in China's largest home appliance chain were suspended on Monday amid reports its billionaire owner, the nation's second-richest man, had been detained on suspicion of market manipulation.

Huang Guangyu, the 39-year-old founder of Gome Electrical Appliances Holdings, was taken in for questioning over wild fluctuations in the price of a company controlled by his brother, the state-run Caijing magazine said.

 
Stabbing suspect gives motive

TOKYO - A MAN who confessed to the stabbing death of a former health official sent an e-mail, published on Monday in Japanese newspapers, that accuses the ministry of killing his childhood pet dog.

In the e-mail, which Takeshi Koizumi apparently sent to several media outlets before turning himself in, he says he was not seeking revenge for the Health Ministry's mishandling of millions of pension records - a motive that police had initially put forward and say they are still pursuing.

N.Korea rejects UN resolution

SEOUL - NORTH Korea on Monday defiantly rejected a United Nations resolution condemning its human rights record as a political ploy to stifle its socialist system.

'The DPRK (North Korea) resolutely rejects the resolution,' a foreign ministry spokesman said in a statement published by the North's official news agency KCNA.

Hotlines to avoid clashes

SEOUL - SOUTH Korea and China on Monday opened military hotlines to help prevent clashes in the Yellow Sea, officials said.

The lines opened between the two countries' navy and air force command headquarters, the defence ministry said. South Korea said it became the only nation to have such arrangements with China.

   
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