Asian shares were lacklustre with the corporate reporting season getting underway in the region, as investors stayed cautious after global shares faltered overnight on weak earning reports and outlook. The MSCI index of Asia-Pacific shares outside Japan shed early gains on Tuesday to ease 0.1 percent, dragged down by a 0.3 percent decline in South
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U.S. President Barack Obama, in some of his most blunt remarks to date, said on Monday that Osama bin Laden would have escaped if the United States had sought Pakistan's permission ahead of the raid on the al Qaeda leader's compound. Obama administration officials have previously justified the decision not to involve Islamabad by citing
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Job creation, smooth transition from school to work, open access to an inclusive labour market and EU solidarity in terms of funding are some of the main challenges EU and member states policy makers are faced with when it comes to successfully tackling youth unemployment. These were the key challenges outlined by head of the
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President Barack Obama and Republican challenger Mitt Romney battled over foreign policy on Monday in their third and final debate as they sought to break a deadlock in opinion polls heading into the final two weeks of campaigning. The debate was the last major opportunity for either candidate to appeal directly to millions of voters
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Nissan Motor Co is recalling 13,919 of its top-selling Altima sedans in the United States because bolts that may not have been tightened properly during production could fall off, increasing the risk of a crash, according to U.S. safety regulators. The Altima sedans are from the 2012 and 2013 model years and were made at
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The Dutch art gallery at the centre of an audacious heist last week said that the electronic locks on its doors were disarmed before thieves made off with paintings by Picasso, Monet and others worth tens of millions of dollars. The seven stolen works – which also include a Gauguin, a Lucian Freud and a
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Historic and contemporary photographs and works of art from the archives of the National Geographic Society are expected to fetch more than $3 million when they are sold for the first time at auction in December, Christie's said on Monday. The Dec. 6 sale, on the eve of the 125th anniversary of the society's founding,
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Global stocks fell on Monday on concerns about weak corporate results and outlooks, while the euro gained as a regional election in Spain was seen as helping the country clear a hurdle for international aid to ease the euro zone debt crisis. Most U.S. stocks slipped after heavy-equipment maker Caterpillar Inc slashed its 2012 forecast
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Greek carrier Aegean Airlines has agreed to buy rival Olympic Air from Marfin Investment Group for 72 mln euros in a bid to bolster its position during the country's economic crisis, it said on Monday. The brand names and logos of the two companies will be maintained, Aegean said, adding that payment for the acquisition
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Government’s counter-proposals concerning Troika’s bailout memorandum would be conveyed on Monday evening, Government spokesman Stefanos Stefanou has said. Cyprus also planned to contact international lenders on Monday evening to invite them to the island for final talks on a comprehensive aid package. Government Spokesman Stefanos Stefanou said that the government’s counter-proposals concerning Troika’s bailout memorandum
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