Eric Linton

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Gold Price Struggles After Spain Downgrade

Gold struggled to make headway Friday as the euro came under pressure after Standard & Poor's downgraded Spain's credit rating, while investors waited for a monetary policy decision by the Bank of Japan later in the day for further trading cues.

Asian Stocks Up Despite Spain Downgrade; Euro Down

Asian shares inched up Friday, tracking U.S. stocks which jumped overnight on strong U.S. housing data and earnings, but concerns over the health of European banks weighed on investor risk appetite after Standard & Poor's downgraded Spain's rating.

Fed's Reassurance, Earnings Optimism Lift Asian Shares

Asian shares gained on Thursday, retaining positive momentum as the Federal Reserve reassured markets that it will keep its highly accommodating stance to support growth, and optimism grew over strong corporate earnings after Apple Inc's robust results.

Social Security, Medicare Funds Running Out Faster: US

Social Security and Medicare programs are sliding closer to insolvency, the federal government warned Monday. The Social Security trust fund will be unable under current trends to fulfill its obligations in 2033, three years earlier than projected last year

12th U.S. Serviceman Linked To Colombia Prostitute Scandal

A 12th U.S. military service member was linked to a prostitution scandal in Colombia Monday and the Pentagon suspended the security clearance of personnel implicated in the events ahead of President Barack Obama's visit earlier this month.

Asian Shares Drop On Europe Jitters

Asian shares fell Tuesday as political uncertainty and disappointing data in Europe raised fears the euro zone could struggle to push through austerity measures and may stay in recession until late in the year.

Sudanese Air Raid Called Act Of War By South

Sudanese war planes bombed a market in the capital of South Sudan's oil-producing Unity State Monday, residents and officials said, an attack the southern army called a declaration of war.

US, Afghans Reach Draft On Strategic Pact

Afghanistan and the United States agreed Sunday on a draft of a long-awaited deal that will define the scope and nature of a U.S. presence in the country for up to a decade after the pullout of most NATO combat troops in 2014.

Wall Stain May Be Clue In Etan Patz Case

Authorities have found a suspicious stain on the wall of a basement being searched in the decades-old disappearance of 6-year-old Etan Patz, a source close to the case said Sunday.

Hatch Forced Into Primary At Utah GOP Convention

Veteran U.S. Senator Orrin Hatch of Utah will face a Republican primary fight after delegates to a party convention on Saturday denied him the nomination, forcing him into an election with a Tea Party-backed challenger who finished second.

Asian Shares Ease As U.S. Data Cast Doubt On Recovery

Asian shares slipped Friday as disappointing U.S. economic data stirred doubts about the strength of recovery, while the yen weakened after the Bank of Japan flagged the prospect of further monetary easing to support the struggling economy.

Asian Shares Flat Awaiting Spanish Bond Sale

Asian shares moved in a narrow range Thursday after the previous day's rally as investors grew cautious ahead of a key Spanish bond sale that would test the market's risk appetite as concerns mounted over the euro zone's debt crisis.

GM Reported Buying Back Part Of China Joint Venture

General Motors (GM.N) and Chinese partner SAIC Motor Corp. (600104.SS) have agreed to let GM to buy back the 1 percent share of the joint venture the Detroit automaker sold during its financial crisis several years ago, according to a source familiar with the plan.

House Committee Votes To Defund Key Part Of Dodd-Frank

Republicans in the House of Representatives on Wednesday advanced a proposal to repeal a major section of the 2010 Dodd-Frank financial oversight law as part of a broader deficit reduction effort, a move Democrats derided as a misguided budget gimmick.

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