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European stocks increasingly chaotic Posted: 03 Jun 2012 10:17 PM PDT Market participants are anxious after the party leader Francois Hollande won the elections in France. Nikkei 225 index fell 2.78% closed to the 9119.14 level than Wednesday's close. Kospi index was also down 1.64% to 1956.44 levels than last Friday's close. Just a note, the Nikkei and Kospi on May 3 and May 4 were closed to welcome Vesak Day. A similar situation occurred in the United States. The Dow Jones Industrial Average fell 30 points to level 13 008, 5 of 13038.3 at the time the market closed Monday. Based on data compiled by Bloomberg, at 7:35 pm Tokyo time, the euro exchange rate weakened to the position of U.S. $ 1.2955 a day after the election in France. When calculated on a weekly basis, the euro weakened by 1.3%. This is the biggest weakness since last 6 April 2012.

Nigeria plane crash, 147 killed Posted: 03 Jun 2012 09:52 PM PDT A commercial aircraft crashed in the city of Lagos, Nigeria, on Sunday. All crew and passengers were killed after the plane went down and hit a building in a densely populated district. According to Reuters, the death toll at as many as 147 people on board. Nigeria Civil Aviation Authority revealed that the plane was owned airline Air Fund. Unclear whether there are people killed by the plane and how many. The airline Air Fund revealed that the plane crashed it was a McDonnell Douglas MD-83. The accident occurred at 14:44 local time near the airport Murtala Muhammed, Lagos. Ahead of the crash, the plane seemed prepared to land in Lagos. Serving the route from the capital Abuja to Lagos, the plane crashed in the district of IJU, which lies to the north of the airport. "We heard a big explosion, was thought to originate from gas cylinders," said an eyewitness named Timothy Akinyela told Reuters. "Then followed the following explosions and people running out the building," continued Akinyela, a journalist who was then in a tavern near the crash site. Devastating fire followed the crash. But firefighters had difficulty reaching the site because a lot of people mobbed. Shutdown and evacuation of victims of last chaos. The security guard had to disperse the crowd by means of violence and retaliation by stoning. The cause of the accident is still under investigation. But the BBC news station revealed that the President of Nigeria, Goodluck Jonathan, immediately declared a national mourning period for three days. The accident occurred at 14:44 local time near the airport Murtala Muhammed, Lagos. The plane crashed and hit a building in a densely populated district. It is a fateful plane McDonnell Douglas MD-83, owned airline Air Fund. Minister of Air Nigeria, Princess Stella Oduah, said the Federal Government will make the team conducted a thorough investigation into the cause of the accident. Speaking at the headquarters of the Civil Aviation Authority, said at about 3:43 Oduah (local time), the pilot of flight 0992 from Abuja to Lagos state of emergency in approximately 11 nautical miles to the airport. He describes the plane disappeared from radar in a minute to note down in the area. "They're only 11 miles away from the sea before they declare May Day. And in a minute, it disappeared from radar. The plane was carrying 153 passengers and six crew," said Oduah as reported by the Nigerian Tribune. "We pray that the souls of those who died will rest in peace. We pray that God will give the family fortitude." Until now, it was reported that the aircraft black box has not been found by the police. Director General of the Nigeria Civil Aviation Authority, Dr. Harold Demuren, confirmed that all the passengers had died. "I came to find out what had happened but a sad situation," he said.

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