Several major U.S. refiners said early checks on Monday showed their facilities were unharmed by Hurricane Gustav, but at least two others were said to be considering dipping into the U.S. Strategic
State-owned Korea Development Bank (KDB) confirmed on Tuesday it was in talks with Lehman Brothers over a possible joint investment in the U.S. bank with other Korean banks, sending local banking shares
Alcatel-Lucent named its new top management on Tuesday as Philippe Camus, a former key executive at planemaker Airbus's parent EADS, and Ben Verwaayen, the former head of British Telecom. The world's biggest
French utility group GDF Suez said on Tuesday it would buy U.S. electricity provider FirstLight Power Enterprises. GDF gave no financial details in a statement, but according to industry sources quoted by
British mobile software company Symbian reported a sharp slowdown in second-quarter growth on Tuesday, as the global economic slowdown hit multimedia phone demand and just a few new models reached the market.
The inflation rate in Cyprus will drop significantly in 2009, below 3%, Charilaos Stavrakis, Minister of Finance has said. Stavrakis noted that this will happen even if the oil prices increase again
U.S. Republicans called on Monday for an end to a controversial requirement that gasoline contain a set amount of ethanol, a policy backed by the Bush administration that critics say has helped
Oil extended losses toward $111 on Tuesday after Hurricane Gustav eased before slamming into the U.S. Gulf Coast, pushing up the U.S. dollar to a 7-month high against the euro and causing
By Chisa Fujioka (Reuters) Former foreign minister Taro Aso leads the race to become Japanese prime minister, analysts and media said on Tuesday, after unpopular Yasuo Fukuda became the second leader to
Thai Prime Minister Samak Sundaravej declared a state of emergency in Bangkok on Tuesday and gave the army control of public order after a man died in overnight clashes between pro- and
