Anti-government protesters lifted their crippling, eight-day blockade of Bangkok's main airport on Wednesday, raising the hopes of 230,000 stranded tourists, even though there is no end in sight to Thailand's political crisis. A Thai Airways domestic flight landed at 0715 GMT and several international flights were scheduled to leave soon after, although it was unclear
More
OPEC will cut oil output at its next meeting on Dec. 17 in Algeria, Qatar's oil minister said on Wednesday. "For sure we will cut in Oran (Algeria)," Abdullah al-Attiyah told reporters on the sidelines of a petrochemical conference in Dubai. "I don't know by how much. We will discuss it there." U.S. crude settled
More
Asian stocks and oil rebounded on Wednesday from recent sell-offs, but low-risk assets such as U.S. Treasuries also retained their lustre despite offering the lowest yields in decades amid worries about the ailing global economy. The euro edged lower ahead of meetings on Thursday by the European Central Bank and the Bank of England, both
More
Stocks rose on Tuesday as investors snapped up beaten-down shares after Monday's steep sell-off and news that General Electric would maintain its dividend helped buoy sentiment. GE shares climbed more than 9 percent, making the stock one of the standout Dow constituents. A rebound in energy shares, including Chevron, up nearly 4 percent, also underpinned
More
UK mortgage lending in 2009 will remain below 2007 levels, despite government pressure on banks to match last year's lending volumes, the head of Britain's mortgage industry association said on Tuesday. Michael Coogan, Director General of the Council of Mortgage Lenders, told the CML's annual conference that a scarcity of bank funding and tighter consumer
More
U.S. automakers started to submit plans demanded by Congress as the Big Three's CEOs and lawmakers gird for debate over a $25 billion bailout the industry says it needs to survive. Under fire for fighting fuel standards for years, the Detroit-based automakers are expected to present plans that call for them to build more fuel-efficient
More
President of the Republic Demetris Christofias, highlighting the sovereign rights of the Republic of Cyprus and his own right to sign agreements with other countries, answered in writing on Tuesday to the objections of Turkish Cypriot leader Mehmet Ali Talat regarding the signing of a political declaration between Cyprus and Russia. Speaking on his return
More
Nokia launched a flagship phone to update its aging high-end offering, but analysts said the device would not be enough on its own to help the world's top mobile phone maker recover lost market share. Nokia continues to lead the global market for smartphones — handsets with computer-like features such as email — but it
More
The U.S. Federal Communications Commission is likely to consider a plan this month to auction public airwaves with a mandate that the winning bidder set aside some for free Internet nationwide, a proposal staunchly opposed by the cell phone industry. The plan is championed by FCC Chairman Kevin Martin, a Republican whose time as chairman
More
President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat have made advances in their discussions on the chapter of governance, said here Tuesday UN Secretary General’s Special Representative in Cyprus Taye Brook Zerihoun. He was speaking at the end of the 11th meeting of the two leaders, in the
More