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Clinton says Yemen instability a global threat

Secretary of State Hillary Clinton said instability in Yemen posed a global threat and pledged on Monday to plug any holes in U.S. security procedures after a Christmas Day airline bombing attempt.

No smoking gun in airplane plot:White House

A top White House official said on Sunday the plot to bomb a Detroit-bound plane on Christmas Day exposed errors but he played down the need for a sweeping overhaul of the U.S. security system.

Nigeria says inclusion on U.S. screening list unfair

Nigeria described on Monday as unfair its inclusion alongside Afghanistan, Pakistan and Yemen on a list of countries whose air travellers will face tighter screening on journeys to the United States.

Yemen kills rebels it says behind threat to U.S. embassy

Yemeni forces fought al Qaeda militants on Monday, killing at least two they said were behind security threats which forced the U.S. embassy and other foreign missions to close.

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Obama ties failed plane attack to al Qaeda

U.S. President Barack Obama said on Friday it appeared the man suspected of trying to bomb a Detroit-bound plane on Christmas was a member of al Qaeda and had been trained and equipped by the Islamic militant network.

Iraq PM faces wiser competition in national vote

Little has been done to improve Iraq's impoverished city of Basra, but for one slum dweller, the fact that no more corpses are dumped outside his door means Prime Minister Nuri al-Maliki gets his vote.

UK plays down report Iran directed hostage-taking

The government played down a report on Thursday that Iran masterminded the kidnapping in Iraq of a British man held hostage for more than 2-1/2 years, saying there was no firm evidence of direct Iranian involvement.

For global stocks, the best of years follows the worst

World stocks headed toward their best annual performance on record on Thursday, albeit a year after suffering their worst.

British hostage freed in Iraq

Briton Peter Moore, taken hostage in Baghdad in 2007, has been released alive, the Iraqi and British governments said on Wednesday.

Bombs kill more than 30 in Iraq

Twin suicide bombs killed at least 24 and wounded more than 100 in Iraq's Sunni Arab heartland on Wednesday and a roadside bomb killed seven pilgrims returning from a major Shi'ite Muslim religious festival.

Facing combat ups depression risk in U.S. troops

Perhaps it's not surprising, but for members of the U.S. armed forces, combat duty in Iraq and Afghanistan increases the risk of depression, according to a new study.

Iraq requests changes on nine oilfield deals

Iraq's cabinet has requested certain changes in proposed deals with foreign firms to develop nine oilfields, the government spokesman said on Tuesday.

Obama signs U.S. debt limit increase into law

President Barack Obama on Monday signed into law an increase in the U.S. national debt limit to $12.4 trillion, the White House said in a statement.

Yemen says may harbor up to 300 Qaeda suspects

Yemen's Foreign Minister Abubakr al-Qirbi said on Tuesday there could be up to 300 al Qaeda militants in his country, some of whom may be planning attacks on Western targets.

Oil trades around $79 on Iran concerns, cold

Oil briefly rose above $79 a barrel to a fresh five-week high on Tuesday, supported by expectations of colder U.S. weather and concerns over political developments in Iran.

Lukoil-led group signs deal for prized Iraqi oilfield

A group led by Russian energy firm Lukoil signed an initial deal on Tuesday to develop Iraq's West Qurna Phase Two oilfield, as its partner in the venture Statoil said it had increased its stake.

Attacks kill at least 23 across Iraq

At least 23 people died in attacks across Iraq on Thursday, including a provincial leader and pilgrims observing a major Shi'ite religious ritual, police and officials said.

Iraq inquiry to question Brown after election

Prime Minister Gordon Brown and other members of his government will not appear before an inquiry into the Iraq war until after a general election next year, the inquiry team said on Wednesday.

U.S. military defends pregnancy punishment in Iraq

The U.S. military commander in northern Iraq defended on Tuesday a new policy imposing strict penalties, including possible jail time, for troops who become pregnant or get other soldiers pregnant.

US Cash Products-Differentials flat in thin pre-holiday market

Heating oil differentials in the New York Harbor moved up slightly despite a National Weather Service report showing that heating demand will be below normal during the coming week.

OPEC set to leave output limits unchanged

OPEC producers are set to leave output limits unchanged at a meeting in Angola on Tuesday, officials from the cartel said, but look likely to call for improved compliance with existing curbs.

Oil firm above $73 as Iran-Iraq tensions ease

Oil held firm above $73 a barrel on Monday after a 1 percent rise in the previous session as Iranian troops partly withdrew from a disputed oil area in Iraq, reducing tensions between two major crude exporters.

Iraq, Petronas, Japex ink deal for Gharaf oilfield

Malaysian state oil firm Petronas and Japan Petroleum Exploration Co signed an initial agreement on Monday to develop Iraq's Gharaf oilfield, in which they are expected to invest up to $8 billion.

OPEC poised to keep oil supply steady as price firm

OPEC would leave output targets unchanged when it meets this week in Luanda, ministers said on Sunday, as robust oil prices offset concerns in the group about excess supplies.

OPEC to keep oil supply steady, price holds firm

OPEC will almost certainly leave output targets unchanged when it meets this week in Luanda, ministers said on Sunday, as robust oil prices offset any concerns in the group about excess supplies.

For stocks Santa's bag may be light

Santa came early for Wall Street this year by giving the S&P 500 a 22 percent gain for 2009, and with just eight trading days left in the year, stock investors are not expecting to find much more under the tree.