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Africa/International
US lifts ban on deep water drilling
The U.S. is back in the deep water oil-drilling business. The question now is when work will resume.
The Obama administration, under heavy pressure from the oil industry and Gulf states and with elections nearing, lifted the moratorium…
US Treasury Secretary sees “no risk” of currency war
Treasury Secretary Timothy Geithner said on Tuesday he sees "no risk" of a global currency war and wants to maximize incentives for China to allow its yuan to rise in value.
He told the Charlie Rose Show in an interview that China would…
China’s trade surplus falls to $16.9b
The gap between China's imports and exports narrowed in September, official data has shown.
But analysts say the decline is unlikely to ease the pressure on Beijing to strengthen its currency.
The US has been among its strongest critics,…
Asia stocks gain
Asian stock markets rose Wednesday after the Federal Reserve signaled that it is all but certain to take steps to boost the U.S. economy and Japan's machinery orders unexpectedly grew.
Oil prices rose above $82 a barrel as a weaker U.S.…
Four Chilean miners rescued, 29 more to surface
Four of the 33 miners who had been trapped underground for two months ascended to the surface here early Wednesday morning, the beginning of the end of a rescue operation that has inspired the nation and riveted the world.
Carlos Mamani,…
Britain spending cuts said to hurt private sector jobs
Fiscal austerity measures could also hurt the private sector, with companies that supply the government cutting jobs and output, accounting firm PricewaterhouseCoopers said in a report on Wednesday.
The private sector could lose almost…
The future of Liverpool FC in the balance
The future of Premier League club Liverpool could be decided Wednesday when a judge rules in a bitter ownership dispute over whether the board has the right to sell one of the world's most famous sporting institutions.
Mr Justice Floyd…
McDonald’s meal won’t decompose after several weeks
Vladimir Lenin, King Tut and the McDonald's Happy Meal: What do they all have in common? A shocking resistance to Mother Nature's cycle of decomposition and biodegradability, apparently.
That's the disturbing point brought home by the…
China to end ban on imports of Argentine soybean oil
An Argentine official said Monday that China had agreed to lift its suspension of soybean oil imports from the South American nation.
"We have information that (the Chinese) are going to allow Argentine shipments of soybean oil,"…
Asia governments stiffen resolve to resist capital inflows
Asian governments reached for policy tools and rhetoric on Tuesday to resist capital inflows that are boosting their currencies and undercutting the competitiveness of their exporters.
Thailand's cabinet agreed to impose a 15 percent…