Oil falls below $94 on weak outlook for demand

Oil falls below $94 on weak outlook for demand


Oil falls below $94 on weak outlook for demand

Posted: 23 May 2013 10:52 PM PDT

BANGKOK (AP) — The price of oil was knocked lower Friday by a combination of ample supplies and lukewarm demand.

5 climbers feared dead on world's 3rd highest peak

Posted: 23 May 2013 10:51 PM PDT

KATMANDU, Nepal (AP) — A Nepalese official says five climbers are missing and feared dead on the world's third highest mountain.

Asia stocks extend losses after big sell-off

Posted: 23 May 2013 10:45 PM PDT

A man walks past an electronic stock indicator showing the Nikkei 225 index which nosedived 1,143.28 points, or 7.3 percent to close at 14,483.98 in Tokyo Thursday, May 23, 2013. Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. (AP Photo/Shizuo Kambayashi)BANGKOK (AP) — Asian stocks continued to retreat Friday after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.


5 climbers missing on world's 3rd highest mountain

Posted: 23 May 2013 10:41 PM PDT

KATMANDU, Nepal (AP) — A Nepalese official says five climbers are missing and feared dead on the world's third highest mountain.

Satellite collides with Soviet-era rocket

Posted: 23 May 2013 10:26 PM PDT

Ecuador official says Pegaso survived crash with remains of S14 rocket, but is damaged and unable to transmit signal.

Gibraltar pushes to play in the big league

Posted: 23 May 2013 06:19 AM PDT

Stuck in a tug-of-war between Spain and Britain, Gibraltar's football association is facing a crucial UEFA vote.

New Drug May Change Treatment Of Asthma

Posted: 23 May 2013 10:20 PM PDT

Researchers have developed a new drug to treat the underlying pathology associated with asthma, reducing flare-ups by nearly 87%, according to results of a new trial. Some experts view this as a potential game changer if the drug lives up to its early performance in a small study of 104 patients, recently presented at the American Thoracic Society International Conference in Philadelphia.

VIDEO: Rios Montt genocide case stirs tensions

Posted: 23 May 2013 09:05 PM PDT

The former military leader of Guatemala, Efrain Rios Montt, scored a victory this week in the long-running genocide case against him.

Chinese media: North Korea envoy offers talks

Posted: 23 May 2013 07:57 PM PDT

In this May 23, 2013 photo released by China's Xinhua News Agency, Liu Yunshan, right, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with North Korean envoy Choe Ryong Hae in Beijing, China. On a visit to repair ties with China and waiting to meet its leader, Choe paid deference Thursday to hopes by the North's chief ally for renewed multinational nuclear talks. (AP Photo/Xinhua, Xie Huanchi) NO SALESBEIJING (AP) — A North Korean envoy, on the second day of his fence-mending visit to ally China, heeded Beijing's wishes by offering to renew nuclear disarmament talks, Chinese state media said.


Asia stock markets edge up after big sell-off

Posted: 23 May 2013 07:56 PM PDT

A man walks past an electronic stock indicator showing the Nikkei 225 index which nosedived 1,143.28 points, or 7.3 percent to close at 14,483.98 in Tokyo Thursday, May 23, 2013. Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. (AP Photo/Shizuo Kambayashi)BANGKOK (AP) — Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.


Iceland Premier Aims to End Capital Controls

Posted: 23 May 2013 08:31 PM PDT

Iceland's new prime minister, Sigmundur David Gunnlaugsson, said he aims to remove capital controls, in place since the nation's economic collapse several years ago, and to reintroduce a free-floating currency.

Latin American Trade Bloc to Lower Tariffs

Posted: 23 May 2013 08:38 PM PDT

The leaders of the Pacific Alliance, a regional trade bloc, moved Thursday to lower import tariffs between the member countries, a decision that could boost economic integration efforts in Latin America.

Photos of the Day: May 23

Posted: 23 May 2013 09:25 PM PDT

In today's pictures, a woman walks in the rain in Nepal, lighting strikes a tornado-ravaged Oklahoma city, disabled women compete in a Moscow beauty pageant, and more.

Index Funds -- Low fees aren't the only advantage.

Posted: 23 May 2013 08:51 PM PDT

Today's guest columnist is author, Bill Schultheis.

World Digest: May 23, 2013

Posted: 23 May 2013 07:26 PM PDT

Lebanese supporters and opponents of Syrian President Bashar al-Assad fired heavy machine guns and lobbed mortar shells at each other Thursday in some of the worst fighting in the port city of Tripoli in years.

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Asia on Debt Binge as World Sobers Up

Posted: 23 May 2013 09:39 PM PDT

Asia's emerging economies are piling on debt to fuel growth, in stark contrast to the scaling back of private debt in the U.S. and Europe.

US highway bridge collapses into river

Posted: 23 May 2013 10:10 PM PDT

Part of bridge in Washington State collapses, dumping vehicles and people into water, police say.

VIDEO: Schools set alight in Stockholm violence

Posted: 23 May 2013 08:11 PM PDT

Rioters have set alight two schools and a police station in the suburbs of Stockholm, as violence flared for the fifth night in a row.

Detroit Could Sell Its Art Treasures To Pay Its Bills

Posted: 23 May 2013 07:24 PM PDT

The Detroit Institute of Arts is widely considered to be one of the nation's museum jewels. Its vast collection includes works by Rembrandt, Picasso, Sargent, and Van Gogh. Its centerpiece courtyard is framed with priceless automobile industry murals by Diego Rivera.

Two more arrested over UK soldier's killing

Posted: 23 May 2013 07:30 PM PDT

Man and woman arrested in connection with murder of British soldier Lee Rigby as police expand probe.

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