Iraq Pressures Western Oil Companies In Dispute With Kurdistan
May 30 2012 8:42 AM EDT
Iraqi officials on Tuesday said their country's next oil lease auction will not allow companies to sign contracts with Iraq's semi-autonomous northern region of Kurdistan.
Turkey: Erdogan?s Anti-Abortion Comments Spark Criticism
May 29 2012 5:40 PM EDT
Abortion has been legal in Turkey since 1983 (during the first ten weeks of pregnancy) and has not played any significant role in the nation?s political debates, making Erdogan?s sudden statements somewhat puzzling.
Inflation In OECD Nations Slides In April
May 29 2012 12:19 PM EDT
Inflation in developed economies fell last month as crude oil and food prices slowed their increases, the Organization for Economic Cooperation and Development said Tuesday.
Iran Closes Door On Inspectors, Promises To Continue Uranium Enrichment
May 27 2012 3:58 PM EDT
Iran announced it will continue enriching high grade uranium while adding a nuclear power plant in 2014 and rebuffed calls to allow U.N. inspectors to visit the suspected home of the country's nuclear weapons research.
China And Israel Expand Military Ties In Sign Of Growing Cooperation
May 25 2012 9:50 AM EDT
Top Chinese and Israeli military officials met in Beijing earlier this week, signaling increased cooperation between the two nations, that formerly regarded each other tepidly.
BSE Sensex, NSE Nifty Hover Between Red And Green; Oil, Auto And IT Shares Worst Hit
May 25 2012 4:12 AM EDT
Bombay Stock Exchange Sensex started on a negative note Friday and was trading in the red in the morning session.
Polio Remains Endemic in Nigeria, Pakistan And Afghanistan: Health Officials
May 24 2012 12:04 PM EDT
GPEI warned that failure to eradicate polio could lead to as many as 200,000 paralyzed children a year across the globe.
HP?s CEO Chops 27,000 Jobs, Investors Cheer
May 24 2012 9:42 AM EDT
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, leaped as much as 7.4 percent Thursday after the company said Wednesday it would fire 27,000 people.
Iran Rejects West's Proposal On Nuclear Curbs, Talks Come To A Standstill
May 24 2012 8:12 AM EDT
The talks between world powers and Iran over Tehran's nuclear program came to a standstill Thursday as it accused the P5+1 group (five permanent members of the UN and Germany) of creating a difficult atmosphere hindering talks.
Rio Environmental Summit To Focus On Global Food Security Issues
May 23 2012 4:12 PM EDT
As soils, freshwater, oceans, forests and biodiversity are being rapidly degraded and climate change puts more pressure on the resources, it is time to rethink how we grow, share and consume our food.
Global Stocks Fall On Fears Of Greek Exit From Euro Zone
May 23 2012 8:47 AM EDT
Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.
European Stocks Boosted By Positive Outlook: Daily Markets Wrap
May 22 2012 4:13 PM EDT
Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.
Pakistan And Turkey Agree To Strengthen Economic, Trade Ties
May 22 2012 9:40 AM EDT
Yousuf Raza Gilani and Recep Tayyip Erdogan also vowed to significantly increase the volume of trade between Turkey and Pakistan.
OECD Sees Euro Zone Crisis Threatening Global Recovery
May 22 2012 8:29 AM EDT
The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday.
Iraq Warns Kurds Against Striking Oil Deal With Turkey
May 21 2012 1:15 PM EDT
Baghdad believes such an arrangement contravenes Iraqi laws, while Kurds assert they can sign any contract regarding their natural resources according to the terms of the constitution.
Israel Denies Turkish Media Report Of Huge Troop Deployment To Greek Cyprus
May 21 2012 11:05 AM EDT
Israel has never sent troops to any other country in its history, the statement added.
Existing Home Sales, Durable Goods, China PMI: Economic Events For May 21 - 25
May 21 2012 9:21 AM EDT
This week's economic calendar is relatively light in the U.S. with the releases of existing home sales, durable goods orders, and the University of Michigan consumer confidence survey. Attention will likely focus on data out of Europe. Euro zone PMIs, Germany IFO survey, and first-quarter gross domestic product data for the U.K. will be released.
Falling Indian Rupee: Finance Minister Says Government Is Trying to Resolve The Issue
May 20 2012 9:01 AM EDT
Indian Finance Minister Pranab Mukherjee Sunday expressed concern over the depreciation of the rupee.
Air India Likely To Hire Retired Pilots, Government Mulls Over Implementing Panel Report
May 19 2012 5:35 AM EDT
Air India is planning to hire retired pilots for flying international routes even as a strike by a group of pilots entered the 12th day Saturday.
Facebook IPO: Biggest Tech IPO Ever Soars 10% But Closes With A Whimper
May 18 2012 11:07 AM EDT
Shares of Facebook (Nasdaq: FB), the No. 1 social network that raised $16 billion in its initial public offering, the biggest in Internet history, soared more than 10 percent but closed up by only a fraction.