Kelvin Chan

More Nightmares for Dreamliner: Incident Grounds All 787s in Japan

Japan's two biggest airlines grounded all their Boeing 787s for safety checks Wednesday after one was forced to make an emergency landing. All Nippon Airways said a cockpit message showed battery problems and a burning smell was detected in the cockpit and the cabin.

Oil Prices Rise as Fiscal Cliff Recession Fears Recede

The price of oil jumped by more than a dollar on Wednesday, to above $93 a barrel, after U.S. lawmakers passed legislation to avoid a fiscal cliff that could have pushed the world's biggest economy into recession, and reduced global demand for energy.