A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession, former Federal Reserve chief Alan Greenspan was quoted as saying on Friday.
Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, that will make the plant one of the biggest in the world.
The world's largest toy maker, Mattel Inc, apologized on Friday for damaging China's reputation after recent massive recalls of its Chinese-made toys, admitting it targeted some goods that were actually up to scratch.
Pfizer Inc, the world's largest drug maker, said on Friday it is in talks with investors about spinning off its Japanese research and development laboratory, albeit as a much smaller organization.
Statistics show that listed companies plan to issue more than 30 billion yuan (US 3.99 billion) corporate bonds, which permitted by the China Securities Regulatory Commission (CSRC) on August 14, the Shanghai Securities News reported today.
China’s Central State-owned enterprises (SOE) will pay after-tax profits to the government from the beginning of this October, according to the Ministry of Finance.
The cut in the United States’ interest rates would not stop China’s interest rate hike , and would not create greater difficulties to the country’s inflation, said an expert from Morgan Stanley.
The Canadian dollar traded equal to the U.S dollar for the first time in 31 years on Thursday and is expected to remain strong atop a five-year run on the nations booming commodities.
U.S. stocks fell for the first time in three days as a weakened dollar and higher oil prices kindled fresh concern about inflation.
Investors continued to flock to Gold on Thursday sending it to another 27-year high on Thursday amid expectations of continuing lower U.S. interest rates brought on by a tough credit market and a weak outlook for the slumping U.S. dollar.
The dollar sank to its lowest levels against the euro since Europe adopted the currency, and came to parity with the Canadian currency on Thursday.
In a new video released by dreaded terrorist outfit Al-Qaeda's media arm As-Sahab, Thursday, September 20, Osama Bin Laden's deputy Ayman al-Zawahri has urged war against Pakistan and said the United States was being defeated in Afghanistan, Iraq and other fronts.
The dollar continued on its downward spiral on Tuesday, falling to an all-time low against the euro and briefly reaching parity with the Canadian dollar for the first time in almost 30 years.
Private equity firm Carlyle Group said on Thursday it is selling a 7.5 percent stake to an Abu Dhabi investment arm for $1.35 billion in a deal that values the Washington-based buyout company at $20 billion.
Circuit City Stores Increported a wider-than-expected quarterly loss on Thursday as sales of projection and tube TVs sagged, and its shares sank as much as 17 percent to a nearly four-year low.
While California suffers in the housing crisis, the economy of nearby Washington state is flourishing with strong job growth and some of the highest appreciation in home prices in the nation.
Oil hovered around $82 a barrel on Thursday as sinking U.S. crude inventories and the threat of a storm gathering near Florida increased worries of a winter supply crunch in the world's top consumer.
Stocks were little changed on Thursday as a weak outlook from economic bellwether FedEx and sharply lower profit from investment bank Bear Stearns helped stall a rally that followed this week's aggressive interest rate cut.
The dollar broke above $1.40 per euro for the first time on Thursday, weakened by a hefty U.S. interest rate cut this week and expectations of further cuts in benchmark rates.
Spot gold prices surged to a 28-year high in European trade on Thursday, as the dollar sank to record lows against the euro and oil traded near all-time highs -- raising the precious metal's appeal for investors.
Apple Inc Chief Executive Steve Jobs was asked by U.S. securities regulators to give a deposition in a lawsuit against the company's former general counsel involving stock options backdating, Bloomberg reported, citing two people familiar with the matter.
Sony Corp said on Thursday it would postpone the launch of the Home virtual community service for its PlayStation 3 game console to early next year, the latest setback in its videogame battle with Microsoft Corp and Nintendo Co Ltd.
