- Oil Prices Fall: How Critical are the Geopolitical Factors?
February 10 2012 4:26 AM
Oil fell from the highest level in three weeks ending a whole week of upward trend even as fears over a worsening eurozone debt crisis and its potentially disastrous impact on global commodity demand were contradicted by signs and figures of a quicker recovery from the U.S.
- Azerbaijan Tower: The Next Tallest Building in the World? [SLIDESHOW]
February 09 2012 3:47 PM
A new contender for the world's tallest building has emerged. Avesta Group's Azerbaijian Tower is set to rise over a kilometer in height, to around 3,444 feet and 189 floors. It would surpass the 2,723-foot Burj Khalifa, currently the world's tallest building, as well as the planned Kingdom Tower.
- Iran Using Gold, Oil to Pay for Grain
February 09 2012 11:30 AM
Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western sanctions against Tehran started choking imports of food staples, European wheat exporters said.
- India Strikes Clever Deal with Iran; To Pay for Iranian Oil in Rupee
February 09 2012 9:45 AM
India and Iran share close historical links, or so argued India's first prime minister, Jawaharlal Nehru. Now economic interests are pulling the two countries closer again. India has struck a clever deal to pay for Iranian oil in its own not freely convertible currency, the rupee. It could be a diplomatic hot potato.
- Kim Kardashian Divorce: To Be Aired On TV?
February 09 2012 9:35 AM
Kim Kardashian, reality TV star vixen, may finally be ready to turn the cameras off when it comes to her impending divorce to New Jersey Nets basketball player, Kris Humphries. Unfortunately for her (and fortunate for viewers), Humphries is completely ready to air the couples dirty laundry on TV.
- Iran Defaults on Rice Payments to India: Traders
February 07 2012 9:13 AM
Iranian buyers have defaulted on payments for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions.
- Carnage in Homs Escalates as U.S. Shuts Embassy in Syria
February 06 2012 5:38 PM
Syrian regime forces continued bombarding the rebellious city of Homs Monday, killing 50 more people in a sustained assault on several districts, the Syrian National Council opposition group said.
- Jackie Chan Private Jet: Chinese Martial Arts Star Gifted $30M Brazilian Plane
February 06 2012 9:31 AM
After being given a $30 million private jet, Chinese film star Jackie Chan may be spending a little more time in the air than even he's used to. The martial arts legend was gifted the Legacy 650 executive jet by Brazilian plane maker Embraer as the company tries to break into the lucrative Chinese market.
- Iran Economy Could Limp Along under Sanctions
February 06 2012 9:21 AM
Tightening international sanctions against Iran look set to shrink its economy, push up inflation and further erode its currency, but they may fail to deliver a knock-out blow that forces Tehran to compromise on its nuclear ambitions.
- The Energy Report - The Wolf is at the Door
February 03 2012 9:53 AM
The oil market is getting less rattled by the headlines surrounding Iran. Iranian threats to shut down the Straits of Hormuz or cut off supply to Europe in a preemptive strike, have been like the old story of the Little Boy Who Cried Wolf. So is it any wonder that the market is ignoring some of the provocative headlines coming from Iran. It seems that the oil market has been getting prepared for this show down for months and we have the oil supplies to prove it. Even the story that Defen...
- 2G Scam: Subramanian Swamy’s War against the Ruling Congress
February 03 2012 3:41 AM
Mobbed by cameramen and with two fingers raised in a victory salute, Subramanian Swamy stood before the Supreme Court on Thursday, flushed with the vindication of an unrelenting legal campaign aimed at the country's most powerful politicians and the Congress party.
- Kanye West Eyes Middle East: Rapper Scouting for Short Film
February 02 2012 10:05 AM
Remember the 35-minute long Runaway? Kanye is making another one.
- Honor Killings: Guilty Afghan-Canadian Family Will Keep its Millions
January 31 2012 4:25 PM
Mohammad Shafia -- found guilty of the honor killing murders of his three daughters on Monday -- will keep his millions of dollars in real estate holdings and personal wealth while serving a life sentence.
- Kendall and Kylie Jenner Cover Teen Vogue, Talk Boys, Blogs and Sisterly Love
January 30 2012 3:43 PM
Kendall and Kylie Jenner might be the youngest of the Kardashian clan, but they were certainly not born yesterday. At just 16 and 14, respectively, Kendall and Kylie Jenner already have spin-off specials, namesake nail polishes and a Most Fashionable Sisters award on their belts. They walked in New York Fashion Week and have over 3.4 million Twitter followers combined. Now they are on the cover of Teen Vogue.
- Canada Honor Killings: Shafia Family Found Guilty of Murdering Teens
January 30 2012 7:13 AM
An Afghan immigrant couple and their son in Canada have been found guilty of the 2009 murder of three teenage girls and another woman, and handed out prison terms of at least 25 years.
- Arab League Suspends Its Syria Mission amid Raging Violence
January 28 2012 10:35 AM
The Arab League said on Saturday it had suspended its monitoring mission in Syria because of the critical deterioration of the situation as state security forces battled rebels holding three suburbs just outside Damascus.
- Gilani Warns Musharraf Will Be Arrested if he Returns to Pakistan
January 27 2012 4:06 PM
Musharraf, who ruled Pakistan from 1999 to 2008, has vowed to return to the country and even run in upcoming elections.
- Alaska Airlines Prayer Cards: Decades-Old Tradition will End Feb. 1
January 26 2012 10:32 AM
Alaska Airlines announced on Wednesday that it would discontinue its decades-old tradition of handing out prayer cards with meals.
- Coach Earnings Preview: Following Tiffany's Scare, Results Could Prove Luxury Still King
January 23 2012 2:17 PM
Coach Inc., the New York-based luxury clothing and accessories retailer, is expected to report a 15 percent increase in fourth-quarter profit on strong sales of handbags and women's accessories.
- Al-Qaida Publication Mailed to Guantanamo Prisoner, Military Says
January 18 2012 9:47 PM
A copy of an al-Qaida-linked magazine was delivered to the Guantanamo detention camp for suspected terrorists, a military prosecutor said Wednesday during a courtroom discussion of mail security.