IBT Staff Reporter

111871-111900 (out of 154944)

U.S. housing starts, permits fall sharply in October

New U.S. housing starts in October unexpectedly fell to their lowest level in six months, weighed down by a sharp decline in construction activity for both single-family and multi-family dwellings, a government report showed on Wednesday.

Folic acid supplements raise cancer risk: study

Heart patients in Norway -- where unlike many countries foods are not enriched with folic acid -- were more likely to die from cancer if they took folic acid and vitamin B12 supplements compared with those who did not take them, Norwegian researchers said on Tuesday.

Slovenia's Petrol Jan-Sept net sales fall 23 pct

Sales at Slovenia's largest fuel retailer Petrol fell by almost a quarter to 1.7 billion euros ($2.53 billion) in the first nine months of the year, as recession took a toll on volumes and prices.

Doctors say most Britons reject swine flu vaccine

More than half of Britons being offered vaccination against pandemic H1N1 flu are turning it down because they fear side-effects or think the virus is too mild to bother, a survey of doctors showed on Wednesday.

Not just swine flu - new cold virus may lurk, too

Runny nose, fever, cough, even pneumonia -- the symptoms sound like swine flu but children hospitalized at one U.S. hospital in fact had a rhinovirus, better known as a common cold virus, doctors said on Tuesday.

Iraq VP vetoes part of vote law, poll work halted

Iraq's Sunni Arab vice president vetoed an election law on Wednesday over the number of seats for refugees, prompting poll workers to halt preparations and casting fresh doubt on whether the vote can take place in January.

Obama: Too much debt could fuel double-dip recession

President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

North Korea's nuclear plans cloud Obama in Seoul

U.S. President Barack Obama arrived in South Korea on Wednesday for talks that will focus on how to tempt North Korea back to nuclear disarmament talks and a delayed trade pact between Seoul and Washington.

Back-end of oil futures curve poised to rally

Future supply shortages could drive up contracts for oil use in several years' time, as they mimic a market for near-term delivery that has more than doubled since the start of the year.

Obama vows Afghan exit; battered Karzai to take oath

U.S. President Barack Obama aims to bring the Afghan war to an end before he leaves office, he said on Wednesday, the eve of a swearing-in ceremony Western officials hope can help salvage Hamid Karzai's tattered reputation.

MUFG profit up 59 percent, scales back Morgan plan

Mitsubishi UFJ Financial Group posted a 59 percent rise in quarterly profit helped by stronger lending, becoming the third major Japanese bank to post market-beating results, in a sign that Tokyo's lenders may now be on the mend.

Buoyant miners, oils fuel European stock rally

European stocks were up 0.5 percent around midday on Wednesday, rising for the ninth time in 11 sessions, led by banks while buoyant commodity prices boosted shares of oil producers and miners such as Rio Tinto (RIO.L).

EU ombudsman rebukes EU over errors in Intel case

The European Ombudsman rebuked European Union regulators on Wednesday for procedural errors in their antitrust probe of Intel but the censure will not affect a 1.06 billion euro ($1.58 billion) fine against the U.S. chipmaker.

Gold hits record near $1,150/oz as dollar slips

Gold hit a fresh record high near $1,150 an ounce on Wednesday, boosting precious metals across the board, as a dip in the dollar index added to momentum buying as prices broke through key technical resistance levels.

Dollar retreats, sterling slips after BoE minutes

The dollar weakened broadly on Wednesday as dealers took profit on the currency's biggest rise in three weeks the previous session and pushed the euro back to the middle of its range of the last fortnight.

Dollar slips; mkt eyes US CPI, BoE for direction

The dollar eased back on Wednesday from its biggest rise in three weeks the previous session, as traders awaited U.S. inflation data and minutes from the Bank of England's November meeting for further direction.

China's Wen seeks to reassure Obama on trade

Chinese Premier Wen Jiabao told President Barack Obama his nation does not seek a trade surplus with the United States and wants to balance flows, striking a conciliatory note but avoiding public comment on currency rifts.

Vancouver to tone down its sonic gun

Vancouver will modify powerful audio equipment that critics say could be used as a sonic gun against protesters at next year's Winter Olympics, and stop any chance of using the device as a weapon, Vancouver police said on Tuesday.

Gold soars to record high, stocks rise

Gold prices hit a record high and oil and stock prices around the world rose on Wednesday, while the dollar eased off ahead of U.S. inflation data and minutes from the Bank of England's November meeting.

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