Thursday, September 27, 2012

Oil prices rise after 3 days of declines

Oil prices rise after 3 days of declines

Oil prices rise after 3 days of declines

Posted: 27 Sep 2012 10:17 AM PDT

The price of oil is up more than $2 per barrel after three straight days of declines as weekly unemployment claims in the United States fell to their lowest level in two months.

Markets steady as focus remains on Spain, Greece

Posted: 27 Sep 2012 09:11 AM PDT

An investor looks at the stock price monitor at a private securities company Thursday Sept. 27, 2012 in Shanghai, China. Most Asian stocks moved modestly higher Thursday as investors positioned themselves ahead of major holiday that will shut markets in Hong Kong and mainland China next week. (AP Photo)Financial markets recovered their poise Thursday, though investors remained concerned that Greece and Spain will struggle to implement thier debt-reduction strategies.

AP IMPACT: Air Force insiders foresaw F-22 woes

Posted: 27 Sep 2012 08:11 AM PDT

In this Aug. 14, 2012 photo, a U.S. Air Force F-22 Raptor stealth fighter taxis before take-off at Kadena Air Base on the southern island of Okinawa in Japan. The U.S. is hoping a dozen F-22 stealth fighters now roaring through the skies of southern Japan will prove its most prized combat aircraft is finally ready to resume full operations after years of investigations into why its pilots were getting dizzy and disoriented. But questions remain over whether the Air Force has taken enough action to fix a potentially bigger problem - the shriveling of programs to test cockpit life support systems after nearly 20 years of budget cuts, downsizing and outsourcing. (AP Photo/Greg Baker)Years before F-22 pilots began getting dizzy in the cockpit, before one struggled to breathe as he tried to pull out of a fatal crash, before two more went on television to say the plane was so unsafe they refused to fly it, a small circle of U.S. Air Force experts knew something was wrong with the prized stealth fighter jet.

China's Ai Weiwei: I won't pay rest of $2.4M fine

Posted: 27 Sep 2012 07:58 AM PDT

Chinese Activist artist Ai Weiwei waves to the journalists as he arrives to the Beijing No. 2 People's Intermediate Court in Beijing Thursday, Sept. 27, 2012. Chinese authorities on Thursday rejected Ai's second appeal of a $2.4 million tax fine, meaning his design company will have to pay the penalty. (AP Photo/Andy Wong)Activist artist Ai Weiwei said he does not intend to pay $1.1 million demanded by Beijing tax officials after he lost a final appeal in the case on Thursday, a defiant stance that threatens further confrontation with authorities.

China hits back at Japan PM's statement on islands

Posted: 27 Sep 2012 06:44 AM PDT

Prime Minister of Japan Yoshihiko Noda addresses a news conference in New York Wednesday, Sept. 26, 2012. (AP Photo/Craig Ruttle)China on Thursday assailed Japan's prime minister as obstinate and wrong for saying his nation won't compromise in their island dispute, as Japanese lawmakers and business leaders visited Beijing with hopes of mending ties.

Photos of enormous NKorea hotel show bare lobby

Posted: 27 Sep 2012 06:42 AM PDT

In this Sept. 23, 2012 photo released by Koryo Group on Wednesday, Sept. 26, 2012, the pyramid-shaped, 105-story Ryugyong Hotel stands in Pyongyang, North Korea. A foreign tour agency said the interior of the massive, hotel in the North Korea capital remains unfinished. Beijing-based Koryo Tours got a sneak peek inside the hotel that has been an off-limits construction site and remains a source of fascination for the outside world. (AP Photo/Koryo Group) NO SALES EDITORIAL USE ONLYA foreign tour agency has released the first public photos from inside the tallest and most notorious building in North Korea: the 105-story, pyramid-shaped Ryugyong Hotel, which remains unfinished more than 20 years after construction began.

Search resumes after ferry sinking off Indonesia

Posted: 27 Sep 2012 06:41 AM PDT

An Indonesian woman whose daughter was among those who were killed on the ferry accident on Sunda straits weeps at a hospital in Cilegon, Banten province, Indonesia, Wednesday, Sept. 26, 2012. A passenger ferry collided with a cargo ship and sank west of Indonesia's main island Wednesday morning, and at least eight people were killed, officials said. (AP Photo)Rescuers continued to search Indonesian waters Thursday for people reported missing after a ferry collided with another ship and sank, with officials fearing some were trapped in cars on the wrecked vessel.

Oil ends slide as Iran rhetoric heats up

Posted: 27 Sep 2012 04:55 AM PDT

The price of oil rose to near $91 a barrel Thursday over worries that potential military confrontation over Iran's nuclear program might hurt crude supplies and on expectations of new stimulus measures to boost the Chinese economy.

Oil stems losses as Iran rhetoric heats up

Posted: 27 Sep 2012 02:20 AM PDT

The slide in the price of oil halted near $90 a barrel Thursday in Asia over renewed worries about oil supplies if military hostilities erupt over Iran's nuclear program.

Asia's budget airline boom bypasses China

Posted: 27 Sep 2012 02:19 AM PDT

In this Tuesday, Sept. 25, 2012 photo, budget airlines' passenger jets, Malaysia's AirAsia, top, Indonesia's Badavia Air, third from bottom and bottom, and Indonesia's Lion Air, second bottom, are parked on the tarmac with Indonesian planes of domestic airline Merpati Nusantara, second top, and the flagship carrier Garuda Indonesia at Juanda International Airport in Surabaya, East Java, Indonesia. From almost none a decade ago, Asia now has more than 50 low cost carriers. The fast growth of no-frills airlines underline surging demand in the region for affordable air travel. (AP Photo/Trisnadi)When businesswoman Ren Hong flew home after a recent trip to Beijing on state-owned Air China, she was hoping for a decent inflight meal to tide her over until she got back to the spicy cuisine of her native Sichuan province.

World stocks rise amid China easing hopes

Posted: 27 Sep 2012 02:18 AM PDT

An investor looks at the stock price monitor at a private securities company Thursday Sept. 27, 2012 in Shanghai, China. Most Asian stocks moved modestly higher Thursday as investors positioned themselves ahead of major holiday that will shut markets in Hong Kong and mainland China next week. (AP Photo)World stocks moved modestly higher Thursday, underpinned by speculation that China's central bank will ease monetary policy next week when Chinese and Hong Kong markets are closed for an extended holiday.

Asia stocks up modestly ahead of Chinese holiday

Posted: 26 Sep 2012 10:22 PM PDT

In this Sept. 20, 2012, file photo Trader Frederick Reimer works on the floor of the New York Stock Exchange. World stock markets fell Monday, Sept. 24, 2012 weighed down by a host of concerns about the global economy. (AP Photo/Richard Drew, File)Most Asian stocks moved modestly higher Thursday as investors positioned themselves ahead of major holiday that will shut markets in Hong Kong and mainland China next week.

Indonesian ferry collides with ship; 210 rescued

Posted: 26 Sep 2012 05:25 PM PDT

Survivors of the ferry accident on Sunda straits comfort each other at a temporary shelter in Cilegon, Banten province, Indonesia, Wednesday, Sept. 26, 2012. A passenger ferry collided with a cargo ship and sank west of Indonesia's main island Wednesday morning, and at least eight people were killed, officials said. (AP Photo)A passenger ferry collided with a ship believed to be carrying liquefied natural gas and sank west of Indonesia's main island, killing at least eight people while more than 200 were rescued.
Posted by Harshad at 11:48 AM

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