BEIJING (AP) - The operator of a Mongolian coal mine that is at the center of a controversy over a Chinese acquisition bid said Tuesday it will stop production this month.
Operations at the Ovoot Tolgoi Mine "will be entirely curtailed" as of the end of this
By DON MELVIN and TOBY STERLINGAssociated Press
BRUSSELS (AP) - Top European officials have called on countries that use the euro to surrender more control over their national budgets, a move apparently aimed at easing Germany's fears of sharing debt burdens with struggling
By DANIEL WOOLLSAssociated Press
MADRID (AP) - Spain's borrowing costs soared in a pair of short-term auctions Tuesday as investors worried that the country would not be able to manage an expensive rescue of its ailing banking sector.
The Treasury auctioned
By DEREK GATOPOULOS and ELENA BECATOROSAssociated Press
ATHENS, Greece (AP) - Can there be one day without bad news for the new Greek government?
Perhaps, but not Tuesday. The coalition government suffered another setback as a second Cabinet member quit in two
DUBAI, United Arab Emirates (AP) - Government-owned energy companies in Oman and the United Arab Emirates are launching a joint venture to build an oil refinery and petrochemical complex in a port town on Oman's Arabian Sea coast.
The Oman Oil Company and the
By MALCOLM FOSTERAssociated Press
TOKYO (AP) - Japan's lower house voted Tuesday to double the country's sales tax to 10 percent over three years in a bid to rein in a bulging national debt as an aging population burdens the country's social security system
WELLINGTON, New Zealand (AP) - Former World Bank executive Graeme Wheeler has been named as the next head of New Zealand's central bank.
Wheeler, 60, will replace Alan Bollard as Reserve Bank governor and chief executive in September. Bollard is retiring
By YURI KAGEYAMAAP Business Writer
YOKOHAMA, Japan (AP) - Nissan Chief Executive Carlos Ghosn said Tuesday the automaker needs to conserve cash despite its quick recovery from a year of disasters as the global economic outlook is highly uncertain.
By PABLO GORONDIAssociated Press
The price of oil slipped closer to $79 a barrel Tuesday amid a broad decline in global financial markets as investors worried that an EU summit this week will fall fail to provide solutions to Europe's debt and economic problems
By YOUKYUNG LEEAP Business Writer
SEOUL, South Korea (AP) - South Korea said Tuesday it will halt oil imports from Iran starting next month due to a European Union ban on insuring shipments of Iranian crude.
The insurance ban, which is part of broader EU