BA, Iberia agree to $7 bln merger

British Airways <BAY.L> and Spain's Iberia <IBLA.MC> announced on Thursday a preliminary agreement for a $7 billion merger to create the world's third-largest airline by revenue. The deal, which the companies hope

Top 10 cities to party the night away

Looking to tread terrain still untouched by foreign stag expeditions? Want to unwind in luxury or drink up the sun? Lonely Planet lists the world's top 10 party cities in its new

Currencies in focus as Obama tours Asia

A rare rally in the U.S. dollar was the focus in Asia on Friday as investors wondered if President Barack Obama's nine-day visit to the region would generate pressure on some countries

EU on track to meet Kyoto emissions target

The EU is on track to deliver on its Kyoto Protocol commitments for reducing or limiting emissions of greenhouse gases, the Commission's annual progress report on emissions shows. The latest projections indicate

Geithner stresses strong dollar’s global role

U.S. Treasury Secretary Timothy Geithner offered fresh reassurances to Asian nations that the Obama administration was committed to a strong dollar and to actions aimed at bolstering its value. "It's very important