U.S. Senate approves bailout; Asia stocks fall

The U.S. Senate approved a $700 billion bailout of the financial industry, putting pressure on the House to approve a plan that political and financial leaders called crucial to averting economic castastrophe.

Cyprus celebrates Independence Day

President of the Republic of Cyprus Demetris Christofias has said here Wednesday that the Greek Cypriot side pursues the peaceful reunification of the island on the basis of a bi-zonal, bi-communal federation.