"Kuwait says oil prices to stay between US$100-US$115"

Channel News Asia, 06-Feb-12 11:10 PM

KUWAIT CITY: Oil prices are expected to stay between $100 and $115 a barrel until mid-year, barring "surprises and geopolitical changes," Kuwait's Oil Minister Mohammad al-Basseri said on Monday.

"Europe crisis could halve China's growth, says IMF"

Channel News Asia, 06-Feb-12 10:20 PM

WASHINGTON: An escalation of Europe's debt crisis could slash China's economic growth in half this year, the International Monetary Fund said on Monday, urging Beijing to prepare stimulus measures in response.

"US stocks end lower on profit-taking"

Channel News Asia, 06-Feb-12 09:37 PM

NEW YORK: US shares closed lower on Monday as traders booked profits after last week's surge and looked warily at the lack of a deal between Greece and its bondholders.

"After Megaupload closure, BTJunkie shuts down"

Channel News Asia, 06-Feb-12 06:49 PM

WASHINGTON: BTJunkie, a popular file-sharing indexing site, said on Monday it was voluntarily shutting down, less than three weeks after the US closure of Megaupload in a crackdown on piracy of music, films and other materials.

"Starbucks sets up joint venture in China"

Channel News Asia, 06-Feb-12 05:40 PM

BEIJING: US coffee chain Starbucks has set up a joint venture with a Chinese company to buy and process coffee beans in China's southwestern province of Yunnan, state media said on Monday.

"Merkel and Sarkozy pile pressure on Greece"

Channel News Asia, 06-Feb-12 05:15 PM

PARIS: Europe piled pressure on Monday on Greece to accept more spending cuts and reforms, and suggested bailout funds be put aside to cover interest payments as a deal with banks to cut its debt remained elusive.