Members of the U.S. Congress begin 2010 scrambling to reduce the double-digit U.S. jobless rate, knowing their own jobs will be at stake in the November election if they fail to deliver.
In 2010, iron ore prices in India are set to soar by around 15-20%. This is apart from the rise Indian witnessed in Dec 2009 when the iron ore prices jumped by around 30 per cent. While the prices of iron ore with more than 64% ferrous content have already gone up from around $59-61 per tonne to $117 (free on board) per tonne, prices are expected to climb further by 15-20% in 2010.
Barring sugar, all other agri commodities have turned bearish since the beginning of the new year, providing much needed relief to consumers and policy makers. Prices of agricultural commodities have declined by up to 11 per cent since January 1 which analysts attribute to a downward turn in the global markets. Also, fresh arrivals, including pulses, have provided relief to the government.
Nokia said it would defend itself vigorously against Apple's new complaint to the United States International Trade Commission.
Mazda Motor Corp and Ford Motor Co will dissolve their joint venture in China by 2012, a move that would further weaken the tie between the two automakers, Japan's Nikkei business daily reported on Sunday.
Yahoo got pulled into a growing row between China and Google on Saturday, as its Chinese partner slammed Yahoo's statements supporting Google while a source revealed the search giant had stayed silent about cyber-attacks.
Secretary of State Hillary Clinton flew to Haiti on Saturday carrying relief supplies as the U.S. poured in massive aid four days after the earthquake that local officials say killed up to 200,000.
The British government still hopes to make a profit from its multi-billion-pound rescue of major British banks during the financial crisis, Prime Minister Gordon Brown said on Saturday.
Tensions rose among desperate Haitians awaiting international aid and hunting for missing relatives on Saturday as aid began to trickle in four days after an earthquake that Haitian authorities say killed 200,000 people.
President Barack Obama on Saturday slammed Wall Street's audacity for fighting a bailout fee he wants to slap on financial firms and said his Republican opponents had sided with big banks.
China's largest e-commerce firm Alibaba Group, in which Yahoo Inc owns a 40 percent stake, has called the search giant's comments on Google reckless.
Some of Cadbury's biggest shareholders, led by Legal & General, continued to reject Kraft Foods' 10.5 billion pound ($17.2 billion) bid and will look for an increased offer over the next four days.
Yahoo Inc knew it had been a target to sophisticated Chinese cyber attacks on U.S. corporations before Google alerted the company to them, a source familiar with the matter said, but chose to remain silent after its bigger rival went public.
Cellphone users in the United States have contributed more than $11 million to Haitian earthquake relief through text messages in what is being hailed as an unprecedented mobile response to a natural disaster.
The two largest U.S. wireless carriers, Verizon and AT&T, cut their rates on Friday, escalating a price war that began with smaller carriers.
U.S. credit card data for December showed some signs that fewer consumers were falling seriously behind in their payments.
China sought on Friday to play down a threat by Google Inc to quit the country on hacking and censorship concerns, but the United States said it will formally express concern over the cyber attacks the Internet search giant said originated in China.
JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, damping hopes that consumer credit is on the mend.
As U.S. stocks have risen in value since November, various measures of retail and consumer activity during the period are lagging.
U.S. consumer prices rose modestly last month, while industrial output rose on a cold snap, suggesting the economy was growing but not generating a level of inflation that would spur the Federal Reserve to roll back from its stimulative policies.
U.S. stocks slid on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses and raised concerns about bank profits.
A teenage girl who appeared topless in a sexting cell phone picture that was distributed among her middle-school classmates should face child-pornography charges, a Pennsylvania prosecutor argued before a U.S. appellate court on Friday.
