Business News
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Clinton Presses India to Cut Oil Imports From Iran
Tweet Share on Facebook 6:48AM May 07, 2012 Comment
US Secretary of State Hillary Clinton speaks during the CEO Summit of the Americas in Cartagena.
NEW DELHI (AP) — U.S. Secretary of State Hillary Rodham Clinton urged energy-starved India on Monday to reduce its Iranian oil imports to keep up pressure on the Islamic republic to come clean about its nuclear program.
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Buffett says Europe's fiscal problems will linger
Tweet Share on Facebook 6:45AM May 07, 2012 CommentOMAHA, Neb. (AP) — Billionaire Warren Buffett says Europe will have a hard time resolving its fiscal problems because of the structure of the European Union and this weekend's election results in Greece and France.
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Greek election impasse heralds lengthy instability
Tweet Share on Facebook 6:16AM May 07, 2012 CommentATHENS, Greece (AP) — Greece sank deeper into a political and financial morass on Monday as initial efforts to form a new coalition government failed a day after angry voters punished parties backing the country's international bailout.
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Spain to present new bank clean-up measures
Tweet Share on Facebook 5:54AM May 07, 2012 CommentMADRID (AP) — Spain's prime minister said Monday the government will likely present this week new measures to help banks, a key source of worry over whether the country might need a financial bailout.
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Candidates against austerity lead in Italian vote
Tweet Share on Facebook 5:44AM May 07, 2012 CommentROME (AP) — Several candidates opposed to austerity measures were making a strong showing Monday in Italy's local elections, partial results indicated, in the first nationwide test for Premier Mario Monti since he was named to save Italy from its debt crisis.
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Qatar Telecom's Tunisian unit gets phone licenses
Tweet Share on Facebook 4:17AM May 07, 2012 CommentDUBAI, United Arab Emirates (AP) — Qatar's largest telecommunications provider said Monday its Tunisiana subsidiary has won licenses to operate fixed-line and 3G mobile services in Tunisia, boosting the Gulf state's influence in the North African nation.
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France president-elect Hollande has full plate
Tweet Share on Facebook 4:12AM May 07, 2012 CommentPARIS (AP) — On his whirlwind first day since winning the French presidential election, Socialist Francois Hollande was set to embark on a crash course in international politics, with a critical visit to Berlin, an invite to the White House, and two top summits already on the agenda.
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Biodiversity Could Be Casualty of Myanmar Openness
Tweet Share on Facebook 1:09AM May 07, 2012 Comment
Myanmar opposition leader Aung San Suu Kyi greets supporters from the gate of her house on the occasion of festivities marking the country's new year in Yangon.
As many as 40,000 gorgeously plumed birds known as the Gurney's pitta thrive in the lowland rainforests of economically backward Myanmar. Across the border, Thailand's last five pairs are guarded around the clock against snakes and human predators.
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Markets could stumble after France, Greece votes
Tweet Share on Facebook 12:02AM May 07, 2012 CommentWASHINGTON (AP) — Financial markets will likely stumble this week after elections in Greece and France cast a pall of uncertainty over Europe's efforts to solve its debt crisis.
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Oil drops below $98 on US demand, Europe votes
Tweet Share on Facebook 11:36PM May 06, 2012 Comment (1)SINGAPORE (AP) — Oil slid below $98 a barrel Monday in Asia, bringing its fall over three trading days to about 7 percent, as a slowdown in U.S. hiring and election results in Europe dimmed expectations of stronger economic growth.
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Greek election uncertainty overshadows markets
Tweet Share on Facebook 10:37PM May 06, 2012 CommentLONDON (AP) — Elections in Greece renewed uncertainty over Europe's debt crisis, causing a massive drop on the Athens exchange, though losses elsewhere were trimmed as investors regained their poise and Spain announced it will help its banks.
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What French election result means for US, world
Tweet Share on Facebook 5:41PM May 06, 2012 Comment (1)French voters chose Socialist Francois Hollande as their new president Sunday in a race that will have implications for Europe's debt crisis, the Afghanistan war and global diplomacy.
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Extreme right leader lashes Greece's 'traitors'
Tweet Share on Facebook 3:41PM May 06, 2012 CommentATHENS, Greece (AP) — The leader of an extreme-right, anti-immigrant party on course for shock success in Greece's general elections Sunday lashed out at those he described as "traitors" responsible for the country's financial crisis and said his party was ushering in a "revolution."
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"Crab" chips, fruity Oreos? They're big overseas
Tweet Share on Facebook 1:42PM May 06, 2012 CommentNEW YORK (AP) — Russians prefer their Lay's potato chips dusted in caviar and crab flavors. The Chinese like their Oreos stuffed with mango and orange cream. And in Spain, Kellogg's All-Bran cereal is served floating in hot coffee instead of cold milk.
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Leftist economist behind Argentina's YPF takeover
Tweet Share on Facebook 12:51PM May 06, 2012 CommentBUENOS AIRES, Argentina (AP) — Miguel Galuccio sat quietly with a nervous smile as Argentina's president suddenly thrust the youthful oil executive from obscurity into one of the nation's most high-pressure jobs: leading the newly state-controlled energy company.
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What's at stake as 6 European nations vote
Tweet Share on Facebook 9:39AM May 06, 2012 CommentSix European countries are holding elections Sunday. Here is a quick look at what's at stake:
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Biden says no 'stagnation' in employment numbers
Tweet Share on Facebook 9:03AM May 06, 2012 CommentWASHINGTON (AP) — Vice President Joe Biden says the latest job numbers show an economy still struggling to recover, but not one where hiring suddenly has stalled, which he says just might if Mitt Romney is elected.
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Senate turns to partisan fight over student loans
Tweet Share on Facebook 8:10AM May 06, 2012 CommentWASHINGTON (AP) — The Senate is the newest arena in the election-year face-off over federal student loans, and both sides are starting out by pounding away at each other.
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Sarkozy joins fallen leaders amid Europe crisis
Tweet Share on Facebook 7:51AM May 06, 2012 CommentNicolas Sarkozy, defeated Sunday in France's presidential runoff by Socialist challenger Francois Hollande, joins a series of European leaders booted from office because of public anger over government spending cuts and economic crisis. Almost every crisis-hit European country that has held an election since disaster struck in 2009 has thrown out its leader.
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Italy votes in local election, first since Monti
Tweet Share on Facebook 7:25AM May 06, 2012 CommentROME (AP) — Italians voted Sunday in the first elections since Mario Monti was tapped to save Italy from its debt crisis — balloting seen as a gauge of public anger over parties supporting his austerity measures and disillusionment over Italy's traditional political blocs.
