A group of Omani sailors are setting off on a voyage into the past aboard a faithful replica of a 9th century Arab sailing ship.
updated: Wed Feb 03 2010 05:40:00
Omani sailors are re-living a historic sail to Singapore aboard a hand-stitched, perfect replica of a 1,000-year-old boat.
Russia tested its fifth-generation Sukhoi fighter jet in the Russian Far East on Friday.
In June we asked you which city you would like to see featured on the My City_My Life show, and you wrote to us with lots of ideas. They ranged from European capitals such as London, to distinct cultural hubs of South America, like Mexico City.
updated: Mon Aug 04 2008 04:48:00
U.N. resident coordinator Bishow Parajuli tells CNN where the aid to Myanmar goes toward and why more is needed.
The American colonel tried to stall, but the declassified record shows he finally told his South Korean counterpart it "would be permitted" to machine-gun 3,500 political prisoners, to keep them from joining approaching enemy forces during the Korean War
The discovery of a single-horned deer in an Italian preserve resurrects humankind's fascination with the unicorn
I love a challenge. But I was discouraged by the reaction one of my sales reps got when she asked a university bookshop in Boulder to carry our custom diploma frames. The manager told us she could barely get students to buy low-end metal models. "How do you expect me to sell a $99 product if I can move only 30 frames a year at $34.95?" she asked. I knew from the prices she was charging that she had chosen a brand that was mass-produced overseas. The encounter was a harsh reminder of how much work I had to do to keep my firm alive.
The Jesuits elect a little-known priest to lead one of the most powerful organizations in the Roman Catholic Church
Eleven fishing boat crew who had been stranded since October in a remote part of Russia's Far East have been rescued after sheltering nearly three months at an abandoned military base, according to television and Russian news agency reports.
I got a call the other day from a club official who's been around a long, long time. He's the kind of person I would call every now and then to get my head straight, when the crush of NFL affairs became almost too overpowering. He saw things through a wry and caustic eye, especially the hypocrisy not only in the football world, but in big-time sports in general -- even though he was a part of that world. He used to get a special kick out of the way different clubs chose to handle, if that's really the right word, their disciplinary problems.
As the Indian film industry seeks to expand its reach beyond the subcontinent and its diasporic audiences, it's seeing increased investment. One of the companies backing the Bollywood boom is Studio 18, part of India's Network 18 conglomerate. CNN spoke to Tanuj Garg, head of Studio 18's UK and Ireland chapter, and Gayatri Batra, who heads up their UAE and Far East division, about the future of Indian films on the world stage.
This week marks the first anniversary of a series of major demonstrations over immigration reform. And while an entire year has gone by, Americans really haven't learned that much about the subject matter.
If you think an extravagant five-star skyscraper, beach side resort or cliff-side villa is the ultimate hotel experience, then think again. Prepare for a new dimension in luxury lodging ... floating pyramids.
Private jets have along conjured up images of elegance, opulence and telephone number prices, while most senior executives find flying these days just so inconvenient. So what happens when you put the two together? You've got the makings of a new market segment, or so Lufthansa Technik believes.
From Shanghai to Dubai, skyscraper construction is booming.
Kick off with vertigo-inducing vistas -- choose between the mighty Anglican Cathedral, the largest in Britain, with 100m high panoramic views over the city, or the Catholic Metropolitan Cathedral, affectionately nicknamed "Paddy's Wigwam" by the locals, with its kaleidoscopic stained glass windows and Lutyens crypt.
See: Stockholm reflects Swedes' obsession with style, design and culture. To get a sense of the importance of all three, visit the Kulturhuset, a stunning 1970s building dedicated to art, design, fashion, photography and multimedia exhibitions that is described as "Stockholm's Sitting Room."
With the Dow Jones Industrial Average hitting new highs, and the S&P 500 up nearly 10 percent so far this year, you would think that would mean good things for shareholders in Fidelity's two largest funds - $45 billion Magellan and $65 billion Contrafund.
It seems like the classic Catch-22: Career experts say no one gets to the top (or even anywhere near it) in a big company nowadays without some significant experience in foreign markets. Yet, if your work history so far has all been in the U.S., how do you persuade a company to hire you for an overseas assignment?
Late last year I decided to begin importing resins, the raw materials our family-owned company uses to manufacture plastic bags. I had heard the prices offered by suppliers in Asia had become too a...
Touch and Go
An earthquake with a magnitude of 7.7 jolted a sparsely populated area of Russia's Kamchatka Peninsula on Friday, the U.S. Geological Survey reported.
A British explorer and his American fellow traveler who entered Russia without going through a border checkpoint will be deported and fined, dealing a serious blow to their dream of walking around the world.
New York's temples of haute cuisine get so much attention, it's possible to forget that the real pride and joy for locals -- who tend to eat out more than other Americans, on average -- is the vast array of modestly priced restaurants serving food from all around the globe. We love to eat at Gramercy Tavern and Chanterelle from time to time, but here are some places where you'll find us any night of the week.
Not all U.S. companies are bemoaning the potential for fraud that comes with doing business in China. Corruption is a good thing for the growing number of private eye firms setting up shop in the Far East.
Check out our recommendations for the Swedish capital and send us your ideas and suggestions.
Check out The Scene's recommendations for the Dutch cultural capital and send us your ideas and suggestions.
If the stellar run in investment banking stocks in 2005 is beginning to make you nervous, relax. The ride isn't over yet.
With a landslide victory in a hastily arranged election in early September, Japanese Prime Minister Junichiro Koizumi won a broad mandate to push his reform agenda for the world's second-largest ec...
First the bad news: Long airport layovers are here to stay. With fewer planes flying but just as many people traveling, passengers now spend twice as much time in transit limbo as they did prior to...
ACME MADE produces half its computer and tote bags in the U.S., despite 35% higher costs. The firm, with less than $5 million in annual revenue, can turn an order in weeks here, vs. two to three mo...
News that a number of central banks indicated they would diversify their reserves out of Treasuries and into other investments such as the euro sent the dollar tumbling Tuesday, and pressured bonds as well.
Why doesn't anyone know how to engineer the successful transition of the finest Asian film exports? Though a few scattered blockbusters make their way to the fore, Hollywood still hasn't been able to truly use the amazing palette of potential talents like Jet Li, Chow Yun Fat, John Woo, Jackie Chan and their ilk.
Dear Armchair Millionaire: You say that investors should have part of their portfolios invested internationally, but I'm skeptical about this. If you follow the old adage to only invest in what you know, that means that we should stick with investments here in the U.S. What's your perspective on that?
A Russian navy ballistic missile self-destructed after going off course during a test, following its launch from a submarine in the Barents Sea, according to the Russian navy press service.
Let's give mutual funds some credit. They've made it cheap and easy for almost anyone to build a diversified, sophisticated portfolio. But as the fund trading scandal has revealed, they aren't perf...
Thanks to rotten returns, investing internationally has been about as far out of favor as Timbuktu. For the past decade, the Morgan Stanley EAFE index (the main benchmark for stocks in Europe, Aust...
Longtime readers recall--rather stridently, actually--a discussion that started last spring in a column called "Can Women Do Business Overseas?" (May 11, 1998). It prompted such a tsunami of respon...
Prince Alwaleed Bin Talal Bin AbdulAziz Alsaud of Saudi Arabia is one of the world's greatest--if most elusive and inscrutable--investors. He's made billions investing in everything from Citicorp s...
Earnings season is in full swing, which means hordes of companies are disclosing and discussing their year-end results. So it's only logical to think that the effect of Asia's meltdown on corporate...
When Thailand's stock market plunged 50% in dollar terms this past summer, taking those in Singapore, Malaysia, Indonesia, and the Philippines down with it, you would have expected every emerging-m...
When you peruse the mutual fund rankings that begin on page 140, please first take a moment to enjoy the view. During 1997's first six months, the markets once again treated stock and bond fund inv...
Income investors who want equity-like returns can take a chance on sizzling emerging markets bond funds, which invest in debt issues in Latin America, Eastern Europe and the Far East. For the 16th ...
By the time Bill and Mary Barbour retired to Florida in 1983, they were already well-seasoned travelers. The couple had stayed in lavish hotels throughout Europe and the Far East during Bill's freq...
THIS MONTH: --A warning from the new SEC commissioner --Funds that go against the grain --An index fund with a conscience
Of all the attractive Far East markets vying for the spotlight, Japan's nine-month hot streak has landed it in first place. Since the collapse of the bubble economy six years ago, Japanese stocks h...
AGING AIRCRAFT GIVE MAINTENANCE FIRM A LIFT
FINALLY, FUND INVESTORS HAVE SOMETHING TO CELEBRATE. After slouching through 1994, the average U.S. diversified equity fund rose 14.5% in the first six months of 1995, and the typical taxable bond ...
John Horseman is learning that managing the best foreign stock mutual fund comes at a price: Every financial journalist wants to talk to him and try to find out what he'll be doing next. "I'd rathe...
Derivatives and disaster seem to go hand in hand these days, most spectacularly in the case of Nicholas Leeson, whose some $1 billion Far East losses scuppered London's venerable Barings bank. Indi...
If you owned stocks abroad in 1994, here's a small consolation: those holdings probably lost less than your stocks in the U.S. Through December 9, international stock markets declined on average 1%...
With interest rates in Europe and the Far East still largely trending lower, analysts expect several foreign bourses to outperform U.S. stocks by two percentage points annually the next few years. ...
It has been one stormy season for investors in overseas bond funds. As U.S. interest rates rose over the first months of 1994, fixed-income markets in Latin America and the Far East followed suit, ...
After a three-year, 30% slide to $14 a barrel in March, many analysts expect crude-oil prices to start oozing up by year-end and to hit $20 by 1996. A prime beneficiary will be Mobil Corp. (ticker ...
Just months ago, the experts were writing off exports. Yes, U.S. manufacturers had become competitive on price and quality, but recession-ridden Europe and Japan simply didn't have much reason to b...
The long-awaited economic recovery seems to be getting nailed into place by home builders slapping together two-by-fours at a faster and faster rate. The Commerce Department reported in mid-Decembe...
Despite the storm gathering over U.S. markets, this is no time to abandon stocks. True, most analysts, including MONEY's Michael Sivy, regard a retreat of 10% to 15% by early next year as increasin...
As befits a man born in Holland, the first foreign stock Maurits E. Edersheim bought when he was a young investor on Wall Street was Royal Dutch/Shell. That was in the late 1940s, when only the int...
These days the gold market is, well, golden. In late May the price of the glittery stuff hit a two-year high of $383 an ounce. And it's not just a case of inflation jitters, either. People in devel...
As manager of the $234 million Prudential Growth fund, Greg Smith, 47, produced an 11.6% return in the past 12 months -- healthy, though not as good as Standard & Poor's 500-stock index, which retu...
Don't be put off by the Composite Northwest 50 Fund's arcane name. The $140 million fund, one of seven at $1.3 billion Composite Research & Management in Seattle (800-543-8072), is a sleeper that's...
Termites are back. They emerge from their nests in late winter and early spring, when thaws encourage them to swarm. Thousands of creatures that look like ants with wings can fly through a house fo...
Taxpayers are mad as hell. In Connecticut, Governor Lowell Weicker had to escape via a tunnel when 65,000 angry voters at the state capitol protested a new 4.5% income tax. Governors Pete Wilson of...
-- WILLIAM FRANKLIN, 57, president of Weyerhaeuser Far East, on the perceived threat of Japanese investment in the U.S., vs. Japanese capital spending: ''If Americans want to worry about something,...
In the first half of 1990, gold rose from $399 an ounce to a peak of $423 in early February, before diving to $345, a four-year low. Lately, it has rebounded, shooting up $15 to $385 the morning Ir...
TUNA AND SWEET CORN on pizza? ''Yuk,'' you think? If so, think again: The fish-and-farm combo is the best-selling pie at Domino's 58 pizza restaurants in Japan, ahead of pepperoni, onion and cheese...
There is a tendency in the Western world to talk about only one region at a time. Ten years ago, people talked about Latin America as a great opportunity. Now everyone talks about Eastern Europe. I...
Decidedly fewer financial intermediaries and purchasers will gain control of corporations. There will also be much less tolerance for financial acquisitions -- less political sympathy, less popular...
The NBA is now being seen in some 75 countries. This year we'll gross around $500 million, about $5 million from abroad. The international business has been growing 25% to 30% a year, and I would e...
Just as we're developing global markets, we're going to have to develop a global R&D presence in the 1990s. Not only do you want to tap local scientific communities in the Far East and in Europe, y...
It's a classic ''man bites dog'' story: Western conglomerate takes over an ailing Japanese electronics manufacturer. Led by Chairman Asil Nadir, Polly Peck International of London is paying $110 mi...
6 EDITOR'S DESK
WHEN I had been back in the U.S. for about a week, after 3 1/2 years away, I overheard the grumblings of a jaded American businessman sitting near me in a restaurant. He traveled nonstop for his wo...
RICHARD F. HOLPP, 35 MASTERCARD INTERNATIONAL He masterminded this company's successful foray into the corporate credit card market, getting one million cards in force in just two years as vice pre...
It's been a rough-and-tumble decade for investors in small-capitalization stocks. After a nosebleeding run-up in the early Eighties, small stocks collapsed in 1983, leading to a long stretch of poo...
FACTORIES ONCE were America's forte. The ones on these pages suggest they could be again. The companies that operate them -- Timken, AT&T, Hoover, Milliken, and Worthington -- have much in common. ...
Give me a Caddy that looks like a Caddy, demanded Cadillac fans. GM obliged. The 1989 Sedan de Ville is nine inches longer than 1988's model; the Coupe, six. Both have long, narrow taillights, 1960...
Would you buy a bundle of stocks trading at P/E ratios over 50 and yielding less than 1%? In effect, you have done just that if you own shares in an international equity fund that invests in Japan,...
Now that U.S. airlines have massively consolidated, how do you like air travel? Well, for better or worse, brace for more as international carriers head down the same runway. Says Sanford Rederer, ...
It used to be that when there was a gold rush, you had to git where the gold was. Timing was important. A good horse helped. Nowadays it's simpler. Gold bullion coins, minted by countries as legal ...
Kasler Corp. Analyst Richard Rossi of Dean Witter likes this publicly held engineering contractor because it is about the only pure play in the highway infrastructure game. The San Bernardino compa...
For the past three years, funds that invested overseas delivered pie-in-the- sky returns -- and separated novice investors from their sense of reality. Some internationals racked up gains of 40% to...
If you hanker for a fur coat, now may be the time to buy. By early 1987 retail prices are expected to climb as much as 30% on mink coats that normally sell for $2,000 to $5,000 and fox jackets that...
Small investors have suddenly discovered index funds -- portfolios that replicate popular stock or bond market barometers such as Standard & Poor's 500-stock index. Investments in these funds have ...
Take back your mink, take back your pearls. What made you think that I was one of those girls? When Adelaide and her showgirls sang that raucous refrain in the 1955 musical Guys and Dolls, mink coa...
ONE OF THE ROOTINGEST, if not tootingest, alumni associations to be found anywhere meets almost daily one flight up at 303 South Broadway in Tarrytown, New York, in the heart of a historic neighbor...
Long jeered as mediocre money managers, banks have stacked up rather well in recent years against other kinds of institutional investors. In the two years that Stephen Timbers, 41, has been pilotin...
I F ATMOSPHERICS were profits, China, with its new enthusiasm for incentives and doubts about Karl Marx, would be business heaven. It's not, though opportunities for patient risk-takers are increas...
A year ago the first generation of electronic greeting cards could perform relatively simple feats, like beeping Jingle Bells and humming Joy to the World. Now the second generation can play comple...
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