BANGKOK (AP) — Oil prices fell below $98 per barrel Friday in Asia as uncertainty surrounded the outcome of a critical meeting of Europe's leaders aimed at solving the continent's debt crisis.
Benchmark crude for January delivery was down 49 (...)
FRANKFURT, Germany (AP): The European Central Bank has cut its key interest rate by a quarter percentage point to 1.0 percent to help the eurozone economy as it slides toward recession because of the debt crisis.
The bank last cut rates only five (...)
CAIRO — Drivers passing Tahrir Square in downtown Cairo curse the protesters.
On radio shows, callers question whether the youth activists and others involved in the new wave of demonstrations over the past week are nationalists, selfish children (...)
CAIRO (AP) — Drivers passing Tahrir Square in downtown Cairo curse the protesters.
On radio shows, callers question whether the youth activists and others involved in the new wave of demonstrations over the past week are nationalists, selfish (...)
CAIRO — Egypt's benchmark stock index rebounded on Wednesday, ending a 10-day losing streak as investors stepped in for bargains after escalating protests against the military rulers and violence battered the market and raised questions about the (...)
Some ski resorts are turning into junkyards — and snowboarders couldn't be happier.
Satellite dishes, propane tanks, empty oil drums and even a Chevy Impala are popping up in terrain parks across the country. It's a new form of recycling and is (...)
CAIRO — Egypt's benchmark stock index extended its decline for a second consecutive day and airport officials reported a sharp drop Monday in international passenger arrivals as deadly clashes in the capital cast fresh doubts about the country's (...)
CAIRO (AP) — Egypt's benchmark stock index tumbled more than 2 percent on Sunday as clashes between protesters and security forces entered their second day, rattling investor confidence in the country's already stumbling economy.
The Egyptian (...)
LONDON (AP) — Uncertainty over who will lead Italy through the debt crisis once Premier Silvio Berlusconi resigns slammed European stocks and bonds on Wednesday, pushing Rome's borrowing rates to worrying new highs.
Tuesday's news that Berlusconi (...)
KILAUEA, Hawaii — I was barefoot and drenched, holding fast to the railing of the 34-foot (10.3-meter) Sea Breeze as it zipped through the water. The jagged cliffs of the Napali Coast jutted to my right and the Pacific, in limitless shades of blue, (...)
DUBAI, United Arab Emirates — Branches of the Louvre and Guggenheim art museums being built as part of an ambitious cultural district in Abu Dhabi could now open at least a year later than planned, the developer and an official with knowledge of the (...)
DUBAI, United Arab Emirates — The Abu Dhabi company building a branch of the Guggenheim museum in the Emirati capital said Sunday it has temporarily dropped plans to award a major construction contract, raising questions about the future of the high (...)
ST. LOUIS — Do not expect to find the Mona Lisa here. Or a Tyrannosaurus rex skeleton.
Instead, this museum features a 10-story slide that whizzes guests of all ages from the roof to a subterranean cave.
Welcome to City Museum, an (...)
CAIRO (AP) — A work slowdown by air traffic controllers delayed scores of flights Thursday and left passengers stranded for many hours in Cairo's international airport, wreaking havoc in the latest example of cascading labor unrest that officials (...)
BANGKOK — Oil rose to near $78 a barrel Wednesday in Asia amid hopes that Europe will contain the debt crisis that has engulfed Greece and threatens to destabilize other countries that use the euro.
Benchmark crude for November delivery was up (...)
BANGKOK — Oil slid below $77 a barrel Tuesday in Asia as fears intensified that Greece may not be able to crawl out from beneath a mountain of debt without defaulting.
Benchmark crude for November delivery was down 92 cents to $76.70 per barrel (...)
BANGKOK — Oil prices extended losses Monday as Europe's debt crisis continued to roil markets and falling personal incomes in the U.S. suggested slack demand for fuel.
Benchmark oil for November delivery was down $1.17 to $78.03 a barrel at early (...)
BANGKOK — Oil prices inched higher Friday as recession alarm bells quieted following a glimmer of positive U.S. economic news and steps in Europe toward controlling its debt crisis.
Benchmark crude was up 32 cents to $82.47 per barrel at midday (...)
BANGKOK — Oil rose above $81 a barrel Tuesday in Asia, following stock markets higher amid hopes that Europe was finally girding for a major program to prevent debt-strapped Greece from going bankrupt.
Benchmark oil for November delivery was up (...)
BANGKOK — Oil prices fell to near $79 a barrel Monday in Asia as markets awaited Europe's next moves to tackle a prolonged debt crisis that threatens to drag the continent into recession.
Benchmark oil for November delivery was down 75 cents to (...)
BANGKOK — Investors across the globe continued to dump stocks Friday as weak economic indicators from major nations including China intensified fears of a new recession
In Asia, losses were broad-based but less severe than in the U.S. and Europe. (...)
BANGKOK (AP) — Asian stocks floundered Tuesday as investors digested a credit downgrade slapped on Italy and awaited the outcome of a two-day Federal Reserve meeting that many hope will announce measures to boost U.S. growth.
Oil prices hovered (...)
HONG KONG — Oil hovered above $89 a barrel on Friday on continued optimism that European leaders would be able to get the continent's sovereign debt crisis under control.
Five central banks on Thursday gave their banks far greater access to U.S. (...)
HONG KONG — World stock markets mostly rose Thursday on continued optimism that Europe will be able to get a handle on its sovereign debt crisis after reassuring words from European leaders aimed at soothing jittery financial markets.
In a (...)
SEOUL, South Korea (AP) — Asian stock markets fell Wednesday despite gains on Wall Street and in Europe the day before as simmering worries over Europe's debt crisis cast a pall over trading.
Japan's Nikkei 225 index, Asia's largest stock market, (...)