The IEA estimates world oil demand at 90.9 million bpd in 2013, and says fuel consumption in the developed economies of the Organisation for Economic Co-operation and Development (OECD) will be overtaken for the first time by non-OECD demand, a trend that is unlikely to be reversed.
Hewlett-Packard Co. (NYSE: HPQ) narrowly retained its spot as No. 1 in global PC sales but China?s Lenovo Group (Pink: LNVGY) is within striking distance, market researcher Gartner Group (NYSE: IT) reported.
U.S. futures industry investigators are looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting firm that appears to be operating from inside a suburban Chicago home to audit its books, according to a person familiar with the matter.
The number of Americans lining up for new jobless benefits last week had its biggest decline in four years, the Labor Department said Thursday, but one-time factors such as fewer auto-sector layoffs than normal plus the July 4 holiday likely caused the sharp decline.
The Taliban, and its reclusive leader, Mullah Omar, are likely to ignore Hamid Karzai?s entreaties.
According to an internal memo, HSBC revealed that it will acknowledge and apologize to a U.S. Senate hearing next week for failing to spot money laundering that could have been used to finance terrorism and organized crime.
A new base for Al Qaeda has emerged in the heart of the African Sahel, where no state army has yet been able to contest its presence.
The U.S. Secretary of State Hillary Clinton pressed Beijing to honor the ASEAN's code of conduct formed to resolve the territorial tensions in the South China Sea during a meeting with the Chinese Foreign Minister Yang Jiechi on the sidelines of the Association of Southeast Asian Nations' (ASEAN) conference in Cambodia.
Asian stock markets plunged Thursday as unexpected interest rate cut in South Korea fueled concerns over global economic slowdown and the Federal Reserve offered no strong hints about another round of quantitative easing.
U.S. stock index futures pointed to a lower opening Thursday as investor sentiment continued to be dragged down by weak global economic conditions.
Infosys Technologies Ltd, India's second largest software services firm, Thursday reported 33 percent rise in net profit for the first fiscal quarter ending June 31, 2012, supported by the appreciation and depreciation of the rupee, and met analysts' expectations.
Crude oil prices lowered slightly and hovered above $85 a barrel in Asian trade Thursday, as investors opted for caution ahead of the Chinese GDP data.
According to recent reports, Sprint variant of the Samsung Galaxy S3 was about to receive an OTA (over-the-air) update that would disable the universal search functionality on the handset. The update means that users of the Sprint Galaxy S3 won't be able to use the Google search bar on the homescreen to find their apps, contacts and other data. Only web-based results will return when they search with that method.
More than six dozen homes or vehicles belonging to evacuees who fled Colorado's most destructive wildfire were plundered by thieves, Colorado Springs police said.
Rep. Jesse Jackson Jr., D-Ill., whose mysterious monthlong leave of absence has perplexed Chicago and Capitol Hill, is at a residential treatment facility for a mood disorder, his doctor said in a statement released by the congressman's office Wednesday evening.
Asian shares barely budged Thursday as the U.S. Federal Reserve appeared to put off taking more aggressive stimulus steps until economic conditions worsen, offering investors few reasons to take risks with second-quarter earnings painting a globally gloomy picture.
As President Barack Obama pivots to make income inequality a focus of his campaign, income and wealth disparities are widening to alarming proportions.
An Illinois mother drove to Tennessee where she dropped her mentally disabled teenage daughter in a bar and refused to take her back when authorities contacted her.
The Samsung Galaxy S3 has finally hit store shelves, and tech fanatics aren?t the only ones raving about the device. Established consumer magazine Consumer Reports has given AT&T?s variant 78 points and T-Mobile?s 77 points.
The Republican-led U.S. House of Representatives, on a near party-line vote of 244-185, passed a bill on Wednesday to repeal President Barack Obama's overhaul of the U.S. healthcare system.
General Motors Company's (NYSE: GM) dual European brands, Opel and Vauxhall, released Wednesday the first teases of the new ADAM city car, which seems to have been designed to compete directly with the popular Fiat 500 and BMW's Mini.
Advertising Age, the magazine that tracks the ins and outs of the advertising industry, is trying to help marketers understand the elusive male mind with a 40-page report called Dudes to Dads: U.S. Men's Attitudes Toward Life, Family, Work.
