Singapore Airlines says to cut fuel surcharges
SINGAPORE, September 8, 2008 (AFP) - Singapore Airlines (SIA) said Monday it will cut fuel surcharges on some of its international flights after recent …
World
Kuwait says no need for oil output cut
KUWAIT CITY, September 8, 2008 (AFP) - Kuwait's Oil Minister Mohammad Al-Olaim said on Monday as he left for an OPEC meeting that he saw no need to cut the …
US takes over Fannie, Freddie in bid to ease finance crisis
WASHINGTON, September 7, 2008 (AFP) - The US government took over ailing mortgage giants Fannie Mae and Freddie Mac on Sunday and placed them in a …
OPEC struggles with falling oil prices, as bubble deflates
VIENNA, September 7, 2008 (AFP) - The question facing the OPEC oil producer group which meets Tuesday is when, not if, to cut its oil production target as …
White House race a cliffhanger as home stretch looms
WASHINGTON, September 7, 2008 (AFP) - The historic, twisting, cliffhanger White House race is swinging into an eight-week sprint to the finish, with John …
McCain backs government takeover of mortgage giants
ALBUQUERQUE, September 6, 2008 (AFP) - Republican presidential hopeful John McCain backed a government takeover of two mortgage giants Saturday while his …
Fighting inflation best way to deal with financial crisis: ECB chief
FRANKFURT, September 5, 2008 (AFP) - A monetary policy based on fighting inflation is the European Central Bank's best weapon against volatile commodity prices …
Oil prices at US$108 after US inventory data
LONDON, September 4, 2008 (AFP) - Oil prices fell on Thursday as the market digested the latest weekly snapshot of US energy stockpiles which recorded a bigger …
End of bubble sees commodity prices tumble: analysts
PARIS, September 5, 2008 (AFP) - Sharp falls in commodity prices and a rise in the dollar mark the ending of one of the biggest ever speculative bubbles and a …
Sri Lanka gripped by heavy battles
September 5, 2008 (AFP) - Government forces and Tamil Tiger separatists fought heavy battles in northern Sri Lanka with another 34 combatants killed in fresh …
Euro, pound in trough in Asia ahead of rate decisions
TOKYO, September 4, 2008 (AFP) - The euro and pound languished in Asian trade Thursday but were off lows against the dollar ahead of central bank decisions in …
Oil riches propel Abu Dhabi onto world map
DUBAI, September 4, 2008 (AFP) - Oil-rich Abu Dhabi, which this week boasted of taking over English football club Manchester City, is pumping billions of …
India’s inflation slows for second successive week
NEW DELHI, September 4, 2008 (AFP) - India's inflation slowed for a second week in a row but remained far above the central bank's tolerance level, data on …
Oil prices at US$109 a barrel
LONDON, September 3, 2008 (AFP) - Oil prices closed modestly lower Wednesday as the market focused on demand amid a slowing global economy and signs that OPEC …
India’s Tata says seeks new sites for cheap car plant
NEW DELHI, September 3, 2008 (AFP) - India's giant Tata Motors sought new sites Wednesday to make the world's cheapest car after suspending work on its plant …
Malaysia sends troops to protect ships in Gulf of Aden: report
KUALA LUMPUR, September 3, 2008 (AFP) - Malaysia has sent crack troops and navy ships to the Gulf of Aden after two of its vessels were seized by pirates last …
Kuwait gives illegal expats six-week amnesty
KUWAIT CITY, Sept 02, 2008 (AFP) - Kuwait has granted illegal foreign residents a six-week amnesty to legalise their status or leave the oil-rich emirate …
Brazil starts to tap deepwater oil field
RIO DE JANEIRO, September 1, 2008 (AFP) - Brazil will on Tuesday start to tap a deepwater offshore oil field that could presage how difficult it will be to …
Oil prices at 105 dollars, as commodity and credit bubble deflates
LONDON, September 2, 2008 (AFP) - Oil prices dived under 105 dollars on Tuesday, reaching four-month lows, after Hurricane Gustav spared key energy facilities …
GM opens second plant in western India
MUMBAI, September 2, 2008 (AFP) - US-based auto giant General Motors opened its second plant in western India on Tuesday that will nearly triple annual …