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Last updated: 16 May 2008 2254 hrs (GMT)0654 hrs (SST)

Asia Pacific

India's inflation edges toward 44-month high of nearly 8%

Family feud at Hong Kong property giant heads to court

Japan's economy grows briskly despite credit woes

World

US homebuilding jumps more than expected

Oil price surges to record high near US$128

GE mulls spin-off of appliance division

Paulson says financial crisis 'closer to the end'

ECB pumps US$25b into money markets

Wall Street struggles, ends mostly lower

Dollar softens on weak US consumer confidence reading

Ukraine becomes latest WTO member

British Airways earnings up sharply despite high fuel costs

London explorer discovers oil reserves in western Uganda

Deadline passes in EA bid to buy Take-Two Interactive shares