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Iran says U.S. hikers to be freed after bail paid

Iran’s judiciary said Wednesday two US hikers convicted of espionage and illegal entry would be released from a Tehran jail after bail is posted, which their lawyer said would be done later in the day. “Following the request of their lawyer, their detention order was converted to bail of five…

Airbus aims to dominate China market

Airbus aims to have more than half the lucrative Chinese aviation market by the end of 2015, a senior executive said Wednesday, as the European giant seeks to close in on rival Boeing. The European plane maker currently holds 46 percent of the booming Chinese sector — a smaller share…

European stocks fall on Greek crisis

European equities and the euro fell on Wednesday on fresh concerns over banks’ exposure to indebted Greece, but losses were capped by expectations of more stimulus measures from the US Federal Reserve. London’s FTSE 100 index of leading shares slid 0.34 percent to 5,345.76 points in morning deals, Frankfurt’s DAX…

Asian markets mostly up ahead of Fed decision

Asian stocks mostly rose in edgy trade on Wednesday, helped by bargain buying as dealers await the end of a US Fed meeting, expecting fresh monetary easing measures to jumpstart the economy. The anticipated announcement comes amid nervousness about Europe’s sovereign debt crisis and concerns over a possible Greek default.…

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