The powerful international bank lobby IIF warned Tuesday that Greece's newly revamped bailout program still faces large risks as long as the economy continues to contract sharply. "With real GDP likely to decline another 4-5

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The powerful international bank lobby IIF warned Tuesday that Greece's newly revamped bailout program still faces large risks as long as the economy continues to contract sharply. "With real GDP likely to decline another 4-5

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Dubai-based Emirates airline plans to stay outside of global airline alliances but is open to bilateral partnerships, a company executive said in a newspaper interview Tuesday. "Our strategy hasn't shifted," Emirates' Executive Vice President Thierry

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The United Nations on Tuesday slashed its global growth predictions to 2.4 percent for 2013 and 3.2 percent for the following year and warned of a lasting employment crisis for western countries. Debt crises in

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Saudi Arabia's bourse snapped a five-session winning streak on Tuesday as investors booked gains in petrochemical and insurance stocks, while most other regional markets rose. The kingdom's index slipped 0.2 percent, easing from Monday's five-week

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Seoul shares climbed on Tuesday as investors awaiting South Korea's presidential vote were cheered by hopes for a deal resolving the US budget stalemate. The Korea Composite Stock Price Index (KOSPI), which fell 0.6 percent

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Japan's Nikkei average neared the 10,000-mark, hitting an 8-1/2-month high for a second day on Tuesday, lifted by expectations of aggressive monetary easing after the conservative Liberal Democratic Party swept back to power. Hopes that

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US stocks extended gains on Tuesday, with the S&P 500 Index up more than 1 percent to a two-month high as "fiscal cliff" negotiations appeared to advance in Congress. The Dow Jones industrial average rose

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The S&P 500 ended at its highest level in almost two months on Monday on rising hopes that negotiations over the "fiscal cliff" were making progress and that a deal could be reached in days.

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Taiwan stocks rose 0.2 percent in their first gain in three sessions on Tuesday, with firms that supply parts to Apple Inc posting gains on strong sales of the new iPhone 5 in China. The

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