The euro, Asian shares and gold held steady on Wednesday as investors awaited U.S. Federal Reserve Chairman Ben Bernanke's speech to international central bankers gathering in Jackson Hole on Friday and a European Central Bank meeting next week. Expectations that Hurricane Isaac, which made landfall in southern Louisiana on Tuesday, would spare Gulf Coast oil
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Hurricane Isaac lashed southern Louisiana with high winds and heavy rains on Wednesday and was set for a late-morning arrival in New Orleans, seven years to the day after Hurricane Katrina devastated the city. Isaac is the first hurricane to make landfall in the United States this season. While not nearly as strong as Katrina
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A second suspected member of the clandestine hacking group LulzSec was arrested on Tuesday on charges he took part in an extensive computer breach of Sony Pictures Entertainment, the FBI said. Raynaldo Rivera, 20, of Tempe, Arizona, surrendered to U.S. authorities in Phoenix six days after a federal grand jury in Los Angeles returned an
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Once the province of men in dark, smoky stadiums and shadowed by an image of violence, Thailand's ancient martial art of Muay Thai is being reborn – as a fitness regime. Known as the country's national sport and said to be 2,000 years old, Muay Thai has seen a surge in popularity over the last
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Presidential candidate Mitt Romney flew to Tampa on Tuesday to join fellow Republicans seeking to put their shortened convention in the spotlight and prevent his message from being drowned out by a hurricane bearing down on the U.S. Gulf Coast. Finally kicking off festivities after the storm threat delayed the convention's start by a day,
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Airbus won a $7 billion order on Tuesday from Philippine Airlines, beating Boeing to a deal marked by diplomatic lobbying as the European planemaker appeared close to another major Asian deal in China. The flag carrier plans to buy up to 100 new jets in total within the next five to seven years as it
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The euro rose against the U.S. dollar on Tuesday on bets the European Central Bank would act soon to tackle the bloc's debt crisis while U.S. crude oil prices edged higher as Hurricane Isaac approached the Gulf Coast. Stocks were little changed on Wall Street as mixed data gave investors little indication whether Federal Reserve
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The White House said on Tuesday that tapping strategic oil reserves remained an option but it had nothing to announce on the subject despite concerns about supply disruptions resulting from Hurricane Isaac. "That option has been on the table for some time, and remains on the table, but we have no announcements to make today,"
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A French court has opened a murder inquiry into the 2004 death of Palestinian leader Yasser Arafat, prosecutors said on Tuesday, following claims by his wife that he may have been poisoned. Arafat died in a Paris military hospital in November 2004, a month after being airlifted – when his health collapsed – from his
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Brazil appears to have the best long-term prospects among rising economic powers, thanks to its stable policy framework, ample natural resources and good relationship with its neighbors, former U.S. President Bill Clinton said on Tuesday in a ringing endorsement of an economy that has struggled lately. "If I were just sitting in a room betting
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