Greece May Support Potential EU Ban on Iranian Oil
Greece, deeply mired in its own financial crisis, has been highly dependent on Iranian oil because Teheran has offered debt-ridden nations attractive credit terms.
Wall Street Rallies on Signs of U.S. Growth
Wall Street stocks kicked off 2012 with a rally on Tuesday after construction and factory data signaled the U.S. economic recovery was gaining steam.
Investors Pile into Risky Assets to Welcome 2012 With a Bang
After closing the book on a wild and nerve-wracking year, investors greeted the first trading day of the year with a wide rally Tuesday -- bidding up equities, commodities and other risky assets across the board.
Chinese Court Accepts $78M Oil Spill-Related Lawsuit against ConocoPhillips
A Chinese court is allowing a $78 million lawsuit brought against ConocoPhillips (NYSE:COP) to move forward, after having dismissed a similar lawsuit in 2011, the state-run Xinhua News Agency reported Friday. The action is being brought by local aquaculture farmers who believe their sea cucumbers were killed by the oil spill.
More news
India's flashy new rich drive luxury car boom
From farmers who swapped fields for cash to 20-something CEOs that inherited the family business, hot new money is flooding India's luxury car market as roaring sportscar engines announce the country's growing wealth on its roads.
Asia's Markets Close Mostly Higher Tuesday on China Data
Most Southeast Asian stock markets rose on Tuesday, with risk appetite improving at the start of the new year and as sentiment was boosted by a rally in European stocks and positive Chinese economic data. Japan's market re-opens on Wednesday.
Futures Jump on Upbeat China Data
Stock index futures rose on Tuesday as investors returned to the market optimistic about the global economy after Wall Street ended flat in 2011.
Oil Price Jumps Over Iran Tensions; Global Markets Rise
ICE February Brent crude futures rose $2.97 to $110.35 a barrel in trading, while U.S. crude futures were up $2.70 to $101.53 a barrel. U.S. crude futures were up as much as $101.68 in the trading day.
Louvre Retains Position as World's Most-Visited Art Museum
Paris-based Louvre Museum has reinstated its position as the most-visited art museum in the world with a record 8.8 million visitors last year.
India Complains to China Over Treatment of Diplomat
China has agreed to look into a complaint by India's foreign ministry that a diplomat was prevented from treating his severe diabetes and collapsed while offering consular assistance to two Indian citizens on trial in China's Yiwu city.
Apple Likely to Ship iPhone 5 in September Quarter
Apple iPhone 5 rumors have been continuously circulating on the Internet, with the most recent one, from Barclays Capital, stating the iPhone is Apple's largest and most profitable product line.
2012 Outlook - How Will G20 Nations Fare?
What will the year 2012 bring? Well, it looks like: the Summer Olympics in London. After that, venturing a prediction is a tough task, but here are a few.
South Korea's President Says 'New Era' Possible for Koreas, Warns Against Provocations
Saying the Korean peninsula was at a turning point, South Korean President Lee Myung-bak on Monday urged North Korea to embrace a new era by using its new change of government head to transform Korean ties.
Where is Oil Price Heading in 2012?
Crude prices started their jolly ride to the top in February last year when simmering discontent in the Middle East erupted into several violent anti-government protests.
You Thought 2011 Was Tough for Investors? Just Wait
Shaky Europe. Political gridlock. Volatile markets.
U.S. is Top 2012 Property Investment Pick
The United States will remain the top choice of most global commercial real estate investors in 2012, but the country has lost ground to Brazil which ranked No. 2 this year, according to a survey released Sunday.
Iran Successfully Tests Domestically Made Nuclear Fuel Rods: State TV
Iran has successfully produced and tested fuel rods for use in its nuclear power plants, state television reported on Sunday, in a snub to international demands that it halt sensitive nuclear work.
Echoes of 1930s Heard in the West's Current Political Crisis
Dysfunctional politics threatens to deliver a protracted period of slow global growth, possibly lasting well beyond 2012, which will only deepen the political and economic problems for the West.
Commercial Real-Estate Investors Rank U.S. No. 1 in 2012, Again
The United States will continue to be the top choice of most global commercial real-estate investors in 2012, but the country has lost ground to Brazil, which ranked No. 2 this year, according to a survey released Sunday.
North Korea Calls for 'Human Shields' to Protect New Leader
North Korea called on its people to rally behind new leader Kim Jong Un and protect him as human shields while working to solve the burning issue of food shortages by adhering to the policies of his late father, Kim Jong Il.
Chinese Man Dies of Bird Flu Virus
The H5N1 strain of the flu is extremely dangerous, killing up to 60 percent of people who contract it.
North Korea: Huge Military, But Small Threat
Reflecting the isolated nation's extreme paranoia about the outside world, North Korea is virtually an armed camp.
Iran Delays Missile Test, Says It's Ready for Nuclear-Program Talks
Iran said it had delayed its promised long-range missile tests in the Persian Gulf on Saturday and signaled it was ready for fresh talks with the West on its disputed nuclear program.
Tough 2011 Could Beget Tougher 2012 in the Markets
Shaky Europe. Political gridlock. Volatile markets. Familiar themes for those who lived through this year, and investors should be ready to revisit them next year.
iPad 3 to Arrive on Steve Jobs’ Birthday?
iPad 3 to Arrive on Steve Jobs’ Birthday?
TSX ends volatile year with a rally
Toronto's main stock index closed higher on Friday, the last trading day of the year, as financial and resource shares rallied on signs the U.S. economy was recovering, but the jump was not enough to avert the market's first year-on-year decline since 2008.
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