Demand for U.S. home loans fell last week to the lowest level in almost two months even though mortgage rates held steady below 5 percent, the Mortgage Bankers Association said on Wednesday.
The grouping of China, India, Brazil and South Africa has emerged as a significant force in Copenhagen and they could lead the way in future negotiations, the head of the U.N. climate panel said on Wednesday.
This Christmas, shoppers in Europe are discovering new uses for mobile phones as technology barriers that have prevented mass-market take-up are overcome, spurred on by Apple's iPhone.
One of China's most prominent dissidents, Liu Xiaobo, fought subversion charges at a trial on Wednesday that drew an outcry from local activists and foreign governments angered by Beijing's crackdown on political dissent.
Drug gang hitmen shot dead the grieving mother, brother, sister and aunt of an elite Mexican marine who died after taking part in a raid that killed a notorious drug lord, police said on Tuesday.
On December 14, 2009, an inauguration took place that deserves more attention than it received because it marks an economic power shift to the benefit of three Central Asian countries and China and to the detriment of Russia.
China's automakers Geely and BAIC pushed ahead with plans to harness the technology of Ford's and General Motors' ailing Swedish brands Volvo and Saab in a bid to be global industry players.
Stock index futures rose on Wednesday, a day after chipmaker Micron Technology swung to a quarterly profit and as investors awaited data expected to show an improvement in consumer sentiment.
Stock index futures rose on Wednesday, a day after chipmaker Micron Technology swung to a quarterly profit and as investors awaited data expected to show an improvement in consumer sentiment.
U.S. carmaker Ford said it expected to close a deal to sell Volvo Cars to China's Zhejiang Geely in the second quarter of 2010, in the latest in a string of deals between Asian and Western carmakers.
U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.25 percent and Nasdaq 100 futures up 0.35 percent.
World stocks rose for a third straight session on Wednesday and the dollar set a two-month peak against the yen after upbeat U.S. housing market data fanned expectations for a solid recovery in the U.S. economy.
Indian and Australian shares led Asian stock markets higher on Wednesday, while oil and gold came under pressure as the dollar held firm thanks to optimism about the U.S. economy.
Asian shares edged higher on Wednesday led by a spurt in Australian stocks to a three-week high, while the U.S. dollar came off highs as traders digested recent steep gains.
Lawyers for Galleon hedge fund founder Raj Rajaratnam objected on Tuesday to the government's request to schedule his criminal trial ahead of a parallel SEC case, saying the move could compromise the defense's case.
Ford Motor Co and China's Geely are set to report progress as soon as Wednesday in talks to sell Ford's Volvo unit to the Chinese automaker, two people with direct knowledge of the matter said.
Just days after countries agreed to a last minute agreement at the UN climate talks in Copenhagen, accusations are beginning to fly over who was responsible for what many consider a poor agreement.
Two U.S. senators pledged on Tuesday to take up legislation early next year to extend the biodiesel tax credit as it looks likely action will not be taken on it this year.
Mass Layoffs Drop; Boeing's Productivity Push; Obama and Small Bankers
Many U.S. consumers stayed away from malls and headed online to take care of their holiday shopping last weekend as a major snowstorm hit the East Coast, data released on Tuesday showed.
Next year will be crucial for global nuclear non-proliferation efforts and all eyes will be on the United States and Russia to see if the two top atomic powers can reach a deal to reduce their arsenals.
Microsoft Corp., the world's biggest software maker, has been ordered by a federal court to alter its popular Word software or stop selling the product after it lost its appeal of a $200 million patent-infringement verdict won by a Canadian company.
