ALEX KENNEDY

Associated Press Writer
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Oil slips towards $77 as markets await data

Oil slipped towards $77 a barrel Tuesday as markets awaited data expected to show that the pace of U.S. economic recovery is slower than previously estimated.

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US commerce secretary: Trade pacts must wait

Trade agreements with South Korea, Colombia and Panama won't be put before Congress until it grapples first with President Barack Obama's pressing legislative goals, the U.S. commerce secretary said Friday.

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World Bank warns unemployment threatens US economy

Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession, World Bank President Robert Zoellick said Wednesday.

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Oil up again, settles above $79

Oil prices pushed higher for a second straight day on Tuesday even though the dollar strengthened and fresh economic data gave mixed signals on whether demand for oil will increase.

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Yahoo CEO pledges to boost profit margins

Yahoo Inc. Chief Executive Carol Bartz promised Tuesday to turn around the struggling Internet company after this year's "terrible" performance.

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Poulter wins Singapore Open by 1 stroke

Ian Poulter shot a final-round 72 on Sunday to win the Singapore Open by a shot over Liang Wenchong.

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Oil falls to near $79 despite US crude supply drop

Oil prices fell slightly to near $79 a barrel Wednesday in Asia despite an unexpected drop in U.S. crude supplies which suggested demand may be picking up.

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Mickelson expects strong showing at Singapore Open

World No.2 Phil Mickelson says he's finally got the Sentosa Golf Club course figured out and expects to better his previous performances when the $5 million Singapore Open starts Thursday.

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Oil falls amid mixed signs on US economic recovery

Oil prices fell to near $79 a barrel Wednesday in Asia amid mixed signals about the strength of the U.S. economic recovery.

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Oil slips for second day, falls below $79

Oil prices fell for a second day Wednesday in Asia as investors eyed a bigger-than-expected U.S. crude inventory increase and weak economic data.

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Singapore economy surges for 2nd straight quarter

Singapore's economy surged for a second straight quarter, and the government boosted its 2009 growth forecast, as manufacturing cemented the city-state's emergence from recession.

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Oil above $71 as global stocks gain

Oil prices rose above $71 a barrel Tuesday in Asia as a jump in global stock markets boosted investor confidence.

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GE's Immelt warns US recovery slowest in decades

General Electric Co. chief executive Jeffrey Immelt warned Tuesday that high unemployment and slower lending will drag on U.S. economic growth, likely resulting in the weakest recovery in decades.

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Lindsay Lohan to host F1 concerts in Singapore

Actress Lindsay Lohan will host three days of concerts featuring Beyonce Knowles and Black Eyed Peas to coincide with Sunday night's Singapore Grand Prix.

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Indonesian police: DNA test confirms Noordin death

DNA tests have confirmed that Southeast Asia terrorist leader Noordin Top was killed days ago in a shootout with Indonesian security forces, police said Saturday.

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Oil clings near $68 ahead of OPEC meeting

Oil prices clung near $68 a barrel for a fourth day Monday in Asia as investors looked to this week's OPEC meeting for a possible change in the cartel's production.

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Oil prices spike to highest level this year

Oil prices hit their highest level this year on Friday as traders looked past a mixed batch of U.S. economic data to focus on a strong rise in China's bellwether stock index.

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Oil hovers near $71 as investors eye US consumers

Oil prices hovered near $71 a barrel Monday in Asia as investors looked to signs later this week of the U.S. consumers' health.

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Oil slips below $67 as European stocks falter

Oil prices traded below $67 a barrel Friday as a stock market rally in the U.S. and Asia fizzled out in Europe and as investors braced for a key economic growth figure out of the U.S.

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Bryant 'optimistic' Odom will re-sign with Lakers

Los Angeles Lakers star Kobe Bryant is optimistic the NBA champions will re-sign key free agent Lamar Odom.

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Adelson says Sands considering Macau IPO

Cash strapped casino operator Las Vegas Sands Corp. is considering an initial public offering of its Macau assets and the sale of peripheral businesses to raise $3.5 billion to $4.0 billion, chairman Sheldon Adelson said Wednesday.

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Oil hovers above $66 in Asia after weak jobs data

Oil prices hovered above $66 a barrel Friday in Asia in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent crude prices tumbling.

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Oil above $71 as traders eye mixed economy signs

Oil prices rose above $71 a barrel Friday in Asia as investors mulled mixed signs about the strength of the U.S. economy and crude demand.

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Singapore struggles, waiting for West to rebound

This speck on the map leapt from poverty to First World riches in a generation. Now its halcyon years of breakneck growth may be over.

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Oil drifts above $71 as investors eye inflation

Oil prices hovered above $71 a barrel in Asia Friday amid concerns that massive U.S. fiscal spending will spark inflation down the road, making oil and other commodities attractive hedges.

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