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Facing new oil glut, Saudis avoid 1980s mistakes to halt price slide

Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world's top oil exporter Saudi Arabia is determined not to make the same mistake again.


Super Junior's Sungmin to wed Kim Sa Eun in December; How will this affect "Super Junior" engagement and military enlistment?

It's been confirmed by Sungmin himself that he and Kim Sa Eun will get married in December. SM Entertainment says that the first marriage of a "Super Junior" member will not affect the group, but has not spoken up about his nearing enlistment in the military.

China to scrap mortgage fees for some home loans: state media

China will scrap some charges for homebuyers who borrow from a government housing fund, state media said on Monday, as Beijing makes another move to boost the weak property market by reducing costs.

EXO’s Tao seen allegedly hugging and kissing a girl; Sehun and Lay post a photo with remaining 10 members having a meal

It seems all eyes are on EXO's remaining members. Recently, Chinese media allegedly spotted Tao hugging and kissing a girl. Sehun and Lay, meanwhile posted a photo showing the remaining 10 members enjoying a meal together.


Latest News

Intel's investment of up to $1.5 billion in two fast-growing Chinese mobile chipmakers has effectively aligned the U.S. giant with a third party - a Beijing government intent on producing a viable domestic challenger to the likes of Qualcomm and Samsung.
Belgian chemicals company Solvay SA has won a contract to provide plastic for Apple Inc's latest smartphone iPhone 6 handsets, Bloomberg said on Monday.
Google Inc and other investors are planning to invest about $500 million in hardware and software developer Magic Leap Inc to deliver "cinematic reality", technology website Re/Code said, citing sources.
Samsung Electronics Co Ltd does not expect a price war to break out in the semiconductor industry next year even though it is ramping up capacity, the chief executive of the world's biggest memory chip maker said on Tuesday.
Hundreds of alleged usernames and passwords for online document-sharing site Dropbox were published on Monday on Pastebin, an anonymous information-sharing website.
Lea Michele debuts boyfriend's shadow on Instagram and talks about love in the caption. With the two moving in together and Matthew Paetz apparently treating her like a queen, it seems Michele is successfully moving on from dead fiance Cory Monteith.
Russian hackers exploited a bug in Microsoft Windows and other software to spy on computers used by NATO, the European Union, Ukraine and companies in the energy and telecommunications sectors, according to cyber intelligence firm iSight Partners.
FLG Partners (www.flgpartners.com), today announced the election of Mark Murray as a partner in the firm, bringing the number of partners to 24. "We are very pleased that Mark has joined the firm," said Jeffrey Kuhn, Managing Partner of FLG.
Traveling and photography are two concepts of the modern world leisure. From the site of Thrillist, this luxurious idea of traveling and photography composed a list of the most photographed cities in the world. As listed, each city also has a landmark representative that captivates the tourists of the world.
After taking a long time conceiving, Carrie Underwood and Mike Fisher will be having a baby and the producers of Country Music Award apparently want to use Underwood's pregnancy for the program.