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Hang Seng Index

Hang Seng Shares Snap Six-Session Winning Streak

Hong Kong shares snapped a six-session winning streak on Monday, dragged down by Chinese banks and developers, as investors took profits on some recent outperformers while waiting to see if there will be a Greek debt-swap deal that averts a default.
ABB assembly line

ABB Buying Thomas & Betts for $3.9 Billion

Swiss engineering group ABB said it had agreed to buy U.S. electrical components maker Thomas & Betts for $3.9 billion to ramp up its presence in the world's largest market for low-voltage products.
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South Sudan Cuts Oil Flow, Demands Border Pact

South Sudan has totally shut down oil output in a dispute with Sudan over export transit fees and will only restart after the two reach a deal covering border security and the disputed Abyei region, its oil minister said Sunday.
syria.1.29

Syrian Troops Assault Rebel-Held Towns Near Damascus

Around 2,000 Syrian troops backed by tanks launched an assault to retake Damascus suburbs from rebels Sunday, activists said, a day after the Arab League suspended its monitoring mission in Syria because of worsening violence.
Smoke rises from the chimneys of an oil refinery near Corinth town, some 80km (50 miles) west of Athens January 24, 2012.

Iran Mulls Long-Term, Very Long-Term, Ban on EU Oil Sales

Iran is considering banning all oil exports to the European Union for five to 15 years, a senior Iranian lawmaker was quoted as saying on Sunday, while the country's deputy oil minister said prices would surge should the EU stop importing Iranian crude.
EU Trade Commission Karel De Gucht (R) and U.S. Trade Representative Ron Kirk attend a session at the World Economic Forum (WEF) in Davos, January 28, 2012.

Beware, Trade Cheats: New U.S. Team Getting Ready for You

A new team of U.S. trade enforcers will make countries think twice about building unfair barriers to American exports, said President Barack Obama's top trade official, who noted the team will include intelligence officials as well as representatives of multiple agencies.
Apple Allows FLA Inspectors on its China Assembly Plants

Apple Not Turning 'Blind Eye' to Supply Chain Problems: CEO

Apple Inc has never turned a blind eye to the problems in its supply chain and any suggestion it does not care about the plight of workers is patently false, Apple Chief Executive Tim Cook said in an email to employees.
Demonstrators gather during a protest against Syria's President Bashar al-Assad and against Russia in Kafranbel near Idlib January 27, 2012.

Arab League Suspends Its Syria Mission amid Raging Violence

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.
Smoke rises from the chimneys of an oil refinery near Corinth town, some 80km (50 miles) west of Athens January 24, 2012.

Iran Strikes Back at the EU with Its Own Oil-Embargo Threat

Fighting sanctions with sanctions in a test of strength with the West over its nuclear ambitions, Iran warned on Friday it may halt oil exports to Europe next week in a move calculated to hurt ailing European economies.
Apple Allows FLA Inspectors on its China Assembly Plants

Apple Not Turning Blind Eye to Supply Chain Problems: CEO

Apple Inc. has never turned a blind eye to the problems in its supply chain, and any suggestion it does not care about the plight of workers is patently false, Apple Chief Executive Tim Cook said in an e-mail to employees.
Probe if Unions are Paying Senators to Stay Away

Does Right to Work Create Jobs? Experts Aren’t Sure

The Indiana right-to-work bill's supporters trumpeted the argument that making Indiana a right-to-work state would encourage businesses to relocate there. But a survey of the available data suggests that the link between right-to-work and job creation is not as clear as its proponents claim.
A customer show his new iPhone 4S after making the purchase at Apple's retail store in downtown Shanghai January 13, 2012.

Asia May Not be Such Easy Pickings for Apple

Investors in Apple Inc. have a one-word answer for those who wonder whether this corporate juggernaut can maintain its phenomenal momentum in the years ahead: Asia.
Computer waste is left along a river bank at Yaocuowei village near Guiyu in China. This image is taken from 2002.

Cadmium Spill in China Threatens Drinking Water for Millions

A cancer-causing cadmium discharge from a mining company has polluted a long stretch of two rivers in southern China, and officials warned some 3.7 million people of Liuzhou in the Guangxi region to avoid drinking water from the river, state media reported on Friday.
Treasury Secretary Timothy Geithner speaks at the Charlotte Chamber of Commerce in Charlotte

Geithner Presses Europe to Increase Crisis Firewall

Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the United States' economic upturn.

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