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North Korea may launch long-range missile in weeks

North Korea may this month test a missile designed to fly as far as U.S. territory and may also be gearing up for skirmishes with the South around their disputed sea border, South Korean news reports said on Monday.
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India says U.S. domestic policy crucial to climate deal

U.S. domestic policy on curbing carbon emissions is crucial for a global climate deal this year, a top Indian negotiator said on Monday, adding rich countries also had to provide a commitment on funding for poorer nations.
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Oil jumps to $68 on equities rally

Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
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China's economy stabilizing; export orders tick up

China's manufacturing sector continued to expand moderately in May as new export orders improved, two surveys showed on Monday, adding to tentative signs that the world's third-largest economy is stabilizing.
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Oil basks in equities' glow

Oil rose 1 percent to hit a fresh seven-month high on Monday as stock market optimism and sustained hope for a global economic recovery supported the market's best monthly gains in a decade.
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Economy, environment muddle oil outlook

A global economic downturn, lower but lately rising oil prices and an aggressive U.S. environmental agenda have made for one of the most bewildering energy investment landscapes in decades.
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Geithner says U.S. committed to pull deficits down

U.S. Treasury Secretary Timothy Geithner, aiming to persuade China that its U.S. investments were safe, pledged that the Obama administration was firmly committed to ratcheting down huge deficits as quickly as it can once economic recovery is assured.
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Slowdown, shortages in focus at Computex

A shortage of electronic components such as chips and displays threatens to derail a nascent recovery in Asia's technology sector spurred by China's stimulus plan.
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Susan Boyle to sing in Britain's Got Talent final

Global Internet sensation Susan Boyle competes in the final of Britain's Got Talent on Saturday amid signs she is struggling to cope with her sudden rise to stardom and constant media intrusion.
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In northern Thailand, food gives a history lesson

If Thais are chili aficionados in the south, gourmands in the center, and food daredevils in the northeast, then those in the north, an area ruled for centuries by warring empires, are culinary mixologists.
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China milestones since 1989

China has undergone dramatic changes since the army crushed student-led pro-democracy protests centered on Beijing's Tiananmen Square on June 4, 1989.
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Gamesa sees difficult 2009; recovery in 2011

Spanish wind turbine maker Gamesa sees a sector recovery in 2011, but net profit will decline in 2009 on weaker-than-expected sales, according to embargoed comments from Chairman Guillermo Ulacia to reporters on Thursday.
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Australian dollar up, commodity bulls are loose

The Australian dollar surged to a eight-month high on Friday on the back of rising raw material prices, while crude oil matched a six-month high above $65, up some $4 this week on hopes that a global economic recovery will spur energy demand.

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