UNITED STATES

U.S. construction spending flat, residential up

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U.S. construction spending was flat overall in October at $910.8 billion despite the biggest surge in homebuilding in more than a decade, the Commerce Department said on Tuesday in a report that sharply revised the prior month's data.

Stocks rally on housing data, weaker dollar

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U.S. stocks rose on Tuesday as data reassured investors about the state of the housing market, considered one of the biggest drags on a recovery, while a weak dollar boosted commodity prices.
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Russia warns NATO over Afghan cooperation

Russia's envoy to NATO expressed frustration on Tuesday at the military alliance's unwillingness to discuss Moscow's proposals for European security and said it could affect prospects for increased cooperation on Afghanistan.
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U.S. unemployed face higher healthcare premiums

Millions of unemployed U.S. workers face sharply higher health insurance premiums and loss of coverage as temporary federal subsidies expire, a healthcare advocacy group said on Tuesday.
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anufacturing grows again, but recovery fragile

The U.S. manufacturing sector grew for the fourth straight month in November, though at a slower pace, and questions remain about the staying power of the incipient economic recovery.
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Asahi Breweries could spend up to $4.6 bln on M&A

Japan's Asahi Breweries said it could spend up to 400 billion yen ($4.6 billion) on acquisitions to avoid getting left behind amid a rush towards consolidation in the global food and beverage industry.
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U.S. war drama wins top film at Gotham awards

The Hurt Locker, a suspense film about a U.S. Army bomb squad unit that defuses bombs in Iraq, won best feature on Monday at the Gotham awards, the top U.S. East Coast independent film awards.
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Market jumps on commodity boost, recovery hope

U.S. stocks rose on Tuesday, boosted by a run-up in the shares of natural resource companies, as economic data reinforced recovery hopes and U.S. dollar weakness lifted global commodity prices.
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Charges spelled out against Nazi guard Demjanjuk

Prosecutors accused 89-year-old John Demjanjuk on Tuesday of knowingly herding thousands of Jews to their deaths in the Holocaust and standing by as victims of Nazi death camp Sobibor screamed in fear.
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Black Friday Web shopping up 11 percent: comScore

Holiday shoppers in the United States spent some $595 million online on Black Friday, up 11 percent from last year, with Amazon.com and Walmart.com the most visited sites, according to analytics firm comScore.
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Dubai crisis to shape 2010 global risk mindset

Dubai's debt crisis may not sow lasting global contagion, but it may colour a 2010 investment landscape where asset managers will likely differentiate more between risks rather than embracing them indiscriminately.
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Iran says to protest over IAEA nuclear resolution

Iran said on Tuesday it intended to take unspecified legal action over an IAEA rebuke of its nuclear activities and would provide Iranians with enough gasoline in order to trump any further U.N. sanctions.
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Obama to lay out long-awaited Afghan plan

President Barack Obama plans to announce on Tuesday that he will send about 30,000 more U.S. troops to Afghanistan in a long-awaited war strategy shift that he hopes will defeat the Taliban and allow for a U.S. exit.
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November sales to shed light on holiday season

When U.S. retail chains report November sales this week, investors will learn whether they have gone far enough to protect profits against a weak start to the holiday shopping season.
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Coal concerns lead U.S. climate bill challenges

For anyone trying to understand why the United States is having such a hard time joining an international effort to combat global warming, a short drive west from Washington to one of the smaller states in the country might explain a lot.
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Australia carbon laws in doubt, election possible

The Australian government's plans to cut carbon emissions were headed for defeat in a hostile Senate after the elevation of a new opposition leader opposed to carbon trade laws, setting a trigger for an early 2010 election.

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