HONG KONG (AP) — Chinese stocks plunged Tuesday as the start of an IPO wave cooled investor sentiment and Australian shares were flat after the central bank cut interest rates to a record low to stimulate the limping economy. Other global benchmarks were mixed with two major Asian markets closed.
BUJUMBURA (Reuters) - Burundi's constitutional court has approved President Pierre Nkurunziza's bid for a third term, the ruling party chairman said on Tuesday, a move that will anger protesters who say his decision to run again violates the constitution. "It has given its decision already," Pascal Nyabenda, chairman of Nkurunziza's ruling CNDD-FDD party, told Reuters in a text message when asked about the court's deliberations. Asked if it had approved the election bid, Nyabenda wrote: "Yes!"
MOGADISHU, Somalia (AP) — Secretary of State John Kerry made an unannounced trip to Somalia Tuesday in a show of solidarity with a government trying to defeat al-Qaida-allied militants and end decades of war in the African country. He is first top U.S. diplomat ever to visit Somalia.