Protesters block Iolani Palace grounds

A Native Hawaiian group blocked access to Iolani Palace in downtown Honolulu, a historic site that is one of the city's most popular attractions.
Several dozen people calling themselves the Hawaiian Kingdom Government locked palace gates and set up no-trespassing signs on the grounds early Wednesday. The protesters were not inside the palace, […]

Taiwan

Taiwan's central bank said the U.S. Federal Reserve's interest-rate cuts have increased pressure on the Taiwan dollar, the best performing currency in Asia outside Japan this year.
“Foreign interest rates will affect fund flows in Taiwan,'' central bank Governor Perng Fai-nan said in response to a question from a parliament committee member about how […]

Chipotle reaches accord with PETA over chickens

Chipotle Mexican Grill Inc. has reached an agreement with the activist group People for the Ethical Treatment of Animals, with the restaurant company vowing to give purchasing preferences to suppliers that kill chickens more humanely.
The Denver-based restaurant company (NYSE: CMG) has been in discussions with PETA for nearly a year, according to […]

Bank of England May Keep Rate at 5.25% as Inflation Accelerates

The Bank of England will probably keep the benchmark interest rate unchanged today as accelerating inflation prevents policy makers from lowering borrowing costs to support economic growth.
The nine-member Monetary Policy Committee, led by Governor Mervyn King, will leave the bank rate at 5.25 percent, according to 59 of 60 economists in a Bloomberg […]

Cell Therapeutics issues $51.7M in notes, stock dives 42 percent

Cell Therapeutics Inc. said it issued $51.7 million in new convertible senior notes on Tuesday, the same day that shares in the company plummeted more than 42 percent.
Shares in the Seattle-based biotech (NASDAQ: CTIC) plunged 55 cents to close at 74 cents in Tuesday trading.
Company officials said they'll hold a conference […]

Trichet May Not Cut Rates in 2008, Merrill

Financial markets have it wrong: Jean-Claude Trichet isn't about to cut interest rates, according to the Merrill Lynch & Co. economist who defied conventional wisdom by correctly predicting the European Central Bank president's course two years ago.
Klaus Baader, Merrill's London-based chief European economist, said he doesn't expect Trichet to lower borrowing costs […]

Maui resort gets new restaurant

Mala Wailea, a new restaurant, has opened in the Wailea Beach Marriott Resort & Spa on Maui.
The restaurant, led by Shep Gordon and his business partner, chef Mark Ellman, is located in the former Hula Moons restaurant space.
Mala Wailea, which serves breakfast and dinner, uses local and organic ingredients for its […]

U.K. Economy May Slow as Inflation Accelerates, NIESR Says

Britain's economy will grow slower than forecast this year, and inflation will accelerate, the National Institute of Economic and Social Research said.
The London-based research group, whose clients include the Bank of England and the Treasury, cut its prediction for economic expansion to 2 percent from the 2.2 percent it forecast in October. […]