South Korea unveils missile it says can hit North's leaders

SEOUL (Reuters) - South Korea unveiled a cruise missile on Thursday that it said can hit the office of North Korea's leaders, trying to address concerns that it is technologically behind its unpredictable rival which this week conducted its third nuclear test. South Korean officials declined to say the exact range of the missile but said it could hit targets anywhere in North Korea. ...

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Firmer yen boosts Korean shares, underpins Asia stocks

TOKYO (Reuters) - Asian shares outside of Japan rose on Wednesday, led by South Korean exporters as the yen firmed amid conflicting interpretations of G7 comments about the currency's recent weakness. The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> gained 0.9 percent. Seoul shares <.ks11> outperformed with a 1.5 percent jump while...

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Body slam for wrestling: Sport cut from Olympics

LAUSANNE, Switzerland (AP) — For wrestling, this may have been the ultimate body slam: getting tossed out of the Olympic rings.The vote Tuesday by the IOC's executive board stunned the world's wrestlers, who see their sport as popular in many countries and steeped in history as old as the Olympics themselves.While wrestling will be included at the 2016 Olympics in Rio de Janeiro, it was cut from the...

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Obama's chance to lead?

STORY HIGHLIGHTSJohn Avlon: President Barack Obama is well-positioned to help solve debt problemHe says Obama should avoid temptation favored by some Democrats to put off actionRelatively modest changes in entitlements could help ensure their survival, Avlon saysAvlon: Obama can rally his party behind deficit cuts that won't hurt economyEditor's note: John Avlon is a CNN contributor and senior political...

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Obama: Work on restoring middle class 'unfinished'

WASHINGTON — In the first State of the Union address of his second term, President Obama tried to breathe new life into his...

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U.S. says to take lead to contain North Korea

SEOUL (Reuters) - U.S. President Barack Obama said North Korea's third nuclear test, in defiance of U.N. resolutions, was a threat and a provocation and that the United States would lead the world in responding. North Korea has said Tuesday's test was an act of self-defense against "U.S. hostility" and threatened stronger steps if necessary. "Provocations of the sort we saw...

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Yen off lows vs dollar, Asian shares ease in subdued trade

TOKYO (Reuters) - The yen recovered from lows against the dollar and Tokyo stocks jumped closer to a 33-month high on Tuesday after markets took comments from a U.S. official as approval for Japan to pursue anti-deflation policies that weaken the yen. U.S. Treasury Undersecretary Lael Brainard said on Monday the United States supports Japanese efforts to end deflation, but she noted that...

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Mullens, Bobcats end Celtics' win streak 94-91

CHARLOTTE, N.C. (AP) — All in all, Monday proved to be a painful night for the Boston Celtics.Not only did the Celtics have their seven-game losing streak snapped at the hands of the NBA's worst team, but they might have suffered yet another costly injury in their 94-91 loss to the Charlotte Bobcats.Backup guard Leandro Barbosa, who has seen increased playing time since the season-ending injury to...

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Why pope will long be remembered

Tim Stanley says Pope Benedict will be seen as an important figure in church history.STORY HIGHLIGHTSTimothy Stanley: Benedict XVI's resignation is historic since popes usually serve for lifeHe says pope not so much conservative as asserting church's "living tradition" He backed traditionalists, but a conflicted flock, scandal, culture wars a trial to papacy, he saysStanley: Pope kept to principle,...

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Cardinal George likely to play key role in picking next pope

As he nears his own retirement, Cardinal Francis George will head to Rome likely to play a powerful role in choosing Pope Benedict...

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