Asian shares and Brent crude futures fell on Friday as a pick-up in Chinese inflation prompted profit-taking, although an improving outlook for global economies curbed losses, while the yen slid on renewed expectations for bold monetary easing in Japan. China's annual consumer inflation rate accelerated to a seven-month high of 2.5% in December on rising
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A man accused of being an international fugitive and of being an associate of notorious Russian arms dealer Victor Bout has been arrested in Australia, authorities said on Friday. Richard Ammar Chichakli, 53, appeared briefly in court in the southern city of Melbourne on Thursday after being identified while applying to become a government security
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U.S. transportation officials will hold a press conference on Friday to discuss issues related to recent electrical problems on Boeing Co's new 787 Dreamliner, according to a person familiar with the matter. The source, who did not want to be identified because the information is not public, declined to provide further details. The U.S. Federal
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The driver of the bus on which an Indian student was gang-raped and fatally beaten featured three years ago on a television show that was hosted by a former top woman police officer. Ram Singh, the main accused in last month's assault on the woman in New Delhi, had sought help on the show, "Aap
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Violence against Pakistani Shia Muslims is rising and some communities are living in a state of siege, a human rights group said on Friday, warning that sectarian violence will only get worse a day after 114 people were killed in bombings. Most of the deaths were caused by twin attacks in the western city of
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U.S. presidential drama "Lincoln" led the pack of Oscar nominees on Thursday with 12 nominations including a nod for best picture, in the race for the world's top film honors. Joining "Lincoln" in the competition for the best movie Oscar were eight films – shipwreck tale "Life of Pi" with 11 nods, musical "Les Miserables,"
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Investors sifting through analysts' new year predictions for stock market movements may want to press "delete" and look instead for sound companies, as history shows equity index forecasts are usually wrong. In good years and bad, according to Reuters polls, most fund managers and analysts have struggled to predict annual moves in the main European
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A Greek Socialist lawmaker resigned on Thursday from the co-ruling PASOK party after he criticised the government's handling of a list of possible tax cheats, further reducing the fragile coalition's majority in parliament. Christos Aidonis, 50, a former deputy health minister, is the third lawmaker the ruling coalition has lost in less than a week
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The European Central Bank said on Thursday that recent economic surveys and indicators had shown signs of stabilising, suggesting an improved picture later in the year. "The economic weakness in the euro area is expected to extend into 2013," ECB President Mario Draghi said at a news conference. "Later, in 2013, economic activity should gradually
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A financial bailout for Cyprus is unlikely to be agreed before the end of January, President of the Eurogroup, Jean Claude Juncker said Thursday. "I don`t think we will be in a position to find a solution during January. It will take longer," Juncker said in statements at the European Parliament. He added that more
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