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A technician checks a communications satellite during a press visit at Thales Alenia Space in southeastern France, October 7, 2009.

U.S. Squeezes French-Led Satellite Maker over China

The United States has threatened action that could disrupt a French-led satellite maker's supply chain, spurred by suspicion that it illegally used U.S. know-how or parts in spacecraft launched by Chinese rockets.
Ford Motor Co President and CEO Alan Mulally smiles during an interview in Bangkok

Two Top Ford Executives Set to Retire

The moves puts the focus on Mark Fields, 50, who runs Ford's operations in North and South America, and Joe Hinrichs, 45, who runs the automaker's operations in Asia, as the leading internal candidates to succeed Mulally.
Fuel

India Strikes Clever Deal with Iran; To Pay for Iranian Oil in Rupee

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.
Chinese New Year 2012

China's CPI Up 4.5%, PPI Up 0.7% in January

China's inflation unexpectedly rebounded in January mainly due to gains in food prices and a weeklong holiday. Though this does not change the broader downward trend in inflation and provides room for Beijing to stimulate its economy if the Euro area experiences a sharp recession. It does support economists' view that Beijing will not put in place aggressive stimulus packages as it aims for a smooth leadership transition this year.
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Stock index futures mixed, Cisco seen up

Stock index futures pointed to a mixed open on Wall Street on Thursday, with futures for the S&P 500 and Nasdaq 100 both down 0.1 percent, while Dow Jones futures were up 0.2 percent at 6:28 a.m. ET.
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China inflation spike pricks policy easing expectations

China's annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a market rethink of policy easing expectations.
World's Largest Textile Created from Golden Spider Silk Dazzles On-lookers

Gold Prices up as Greek PM Heads to Brussels

Gold edged up along with crude oil and the euro on expectations the Greek prime minister's presence in Brussels Thursday signals a likelihood his nation will receive desperately needed bailout money.
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Euro, shares gain on Greek deal hopes

European stock markets and the euro extended two months of gains on Thursday as Greece edged closer to a bailout deal and investors bet a brace of central bank meetings would offer further support for the move into riskier assets.
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Euro, shares advance on Greek deal hopes

The rally in the euro and European shares advanced on Thursday as Greece edged closer to a bailout deal and on expectations the Bank of England and the European Central Bank will maintain support for the move into riskier assets.
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Greek Standoff Weighs on Asian Markets, Euro

Asian shares and the euro struggled Thursday, as sentiment grew cautious after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt default.
syria.protest.2.8.12

Turks Push for Action on Syria as Assad Steps up Assault on Homs

Armoured reinforcements poured into Homs as President Bashar al-Assad's forces bombarded the rebellious Syrian city for a fourth day, opposition sources said Thursday, worsening the dire humanitarian situation and prompting a new diplomatic push from Turkey.

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