European Central Bank President Jean-Claude Trichet said on Friday that he did not think that austerity measures in euro countries would drive them into recession. Asked if austerity measures would push euro
China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party's top leaders decided on Friday, a change that could pave the way for more interest rate
Samsung Electronics promoted its chairman's son, Jay Y. Lee, as president in a move that tightens the founding family's grip over the world's biggest memory chipmaker as it battles slower growth. Shares
Japan's Nikkei share average held onto recent gains on Friday as U.S. retail and housing data raised hopes for a swifter recovery in the world's biggest economy while concerns about Europe's debt
Japan's farm ministry on Friday confirmed the country's first outbreak of the highly pathogenic H5N1 strain of bird flu at a poultry farm since 2007. Chickens which died on the farm in
Saudi Arabia's elderly King Abdullah will undergo surgery on Friday to stabilise vertebrae in his spinal column. The king, thought to be around 86 or 87, underwent surgery on his back in
Pilots of a crippled Qantas Airbus A380 superjumbo struggled with more than a dozen system errors after an engine blew apart on November 4 and landed the plane in Singapore with barely
Banks and commodity stocks powered strong gains for Britain's top share index on Thursday on growing investor confidence that the euro zone debt crisis would be contained. By 1531 GMT, the FTSE
Russia won the right to put on the 2018 World Cup and Qatar will stage the 2022 finals, both first-time hosts, FIFA president Sepp Blatter said on Thursday. FIFA's executive committee voted
A huge forest fire swept northern Israel on Thursday, killing up to 40 people, many of them prison guards who were trapped in a bus trying to flee the flames. Israeli television
