The jump in oil prices in the past year is adding to concern about the economy, according to a draft of the International Energy Agency's 2011 World Energy Outlook, which also raised its view of long-run prices.
The draft dated July 2011, obtained (...)
DUBAI: Capital inflows into the United Arab Emirates, boosted by unrest in Bahrain, brought interbank offered rates to a seven-year low on Monday as liquidity stayed high in the Gulf state's banking sector.
Bank deposits in the world's No.3 oil (...)
scheduled Bahrain Formula One Grand Prix cannot go ahead because of the situation in the country and opposition from teams, commercial supremo Bernie Ecclestone said Wednesday.
“Hopefully there'll be peace and quiet and we can return in the future, (...)
GENEVA: The overall growth in international air passenger traffic slowed in March in response to the events in Japan and the Middle East and North Africa, the International Air Transport Association (IATA) said Monday.
The growth rate for premium (...)
Laborers install steel beams at a new high-rise apartment building under construction in Taguig, Metro Manila, Thursday. The Philippine economy grew 7.3 percent last year, its fastest rate in more than three decades, supported by strong consumption (...)
MANCHESTER: Manchester City striker Carlos Tevez completed a remarkable U-turn Monday when he committed his future to the club a week after handing in a written transfer request.
City said in a statement on their website (www.mcfc.co.uk) that the (...)
An industry trade group's manufacturing index slipped in June, but was still at a level that suggests growth in the industrial sector.
The manufacturing sector has been one of the US economy's bright spots for nearly a year as companies restock (...)
Defending champion Dustin Johnson and fellow American Paul Goydos are set for a final round showdown at the Pebble Beach National Pro-Am after shooting a pair of 64s Saturday to charge four strokes clear.
Johnson, who won last year's tournament by (...)
The start of the opening race of the 33rd America's Cup between Swiss holder Alinghi and US challenger BMW Oracle was postponed Monday due to shifting wind conditions, race officials said. The race between the hi-tech, multi-hull boats had been due (...)
An Iraqi appeals panel that angered Shiite leaders by suspending a ban on candidates accused of links to Saddam Hussein's Baath party until after an election reversed its decision Sunday, politicians said.
The change came as Shiite parties held (...)
Ireland looks to have managed cutting public spending without widespread opposition, social unrest or government collapse, but now the question is how the euro zone's other fringe economies can achieve the same trick.
But the heavily indebted (...)
Wall Street is likely to make a strong showing in the final week of 2009 as the bulls gear up to toast the first annual advance for US stocks in two years on hopes of more economic stability in 2010.
The US stock market's resiliency since the March (...)
off to bring the perpetrators of Canada's biggest insider trading scheme to justice, raising questions about Canada's ability to crack down on white collar crime.
The case centers on a scam that netted some $9.3 million for law school buddies Stan (...)
day music festival that celebrated peace and love during a time of protest and anger at the Vietnam War, Woodstock nostalgia is in full commercial flow.
- Survivors from some of the acts that played Aug. 15-17, 1969 will again take the stage on (...)
Mahmoud Ahmadinejad began his second term as Iran's president on Wednesday weakened by the turmoil since his disputed re-election in June and under fire from reformists, moderates and even some of his hardline allies.
Western leaders, already upset (...)
‘I WISH fire upon the houses of those who set the fire in my house,' said 75-year-old Sultan Celebi. “They ruined us all. I want for them the biggest punishment that is possible.”
Celebi's words, uttered after an armed attack on a village wedding (...)
old civilian government, swamped by converging security and political crises, faces mass protests in coming days because of President Asif Ali Zardari's refusal to reinstate a judge.
Rivals hope a show of street power by opposition leader Nawaz (...)
Top seeds Fernando Verdasco and Anna Chakvetadze reached the semifinals at the New Haven Open on Thursday, while Slovenian Luka Gregorc continued his giant-killing run to join them.
Spaniard Verdasco, who said he had produced his best performance (...)
long global financial market upheaval have hit hardest in the countries that had binged on easy credit -- first and foremost the United States, but also Britain and Spain.
Thanks to steep food and energy prices that are shrinking consumer (...)
Pakistan remains confident of hosting the Champions Trophy in September despite security concerns.
Sri Lanka is the alternate host for September's one-day international tournament - featuring the top eight teams in the world - if a final security (...)
led invasion, Iraq's oil sector is at last pumping at the level it managed under Saddam Hussein, but it could take years to make further progress.
Iraq holds the world's third-largest oil reserves, a resource key to meeting future global energy (...)