IBT Staff Reporter

Spain is ready to take between three and five inmates from the U.S. military prison at Guantanamo Bay in Cuba, newspaper El Pais reported Wednesday, citing government officials.

Mexico's navy has seized more than a ton of cocaine stuffed inside frozen sharks, as drug gangs under military pressure go to greater lengths to conceal narcotics bound for the United States.

Leftist urban guerrillas shot dead a Greek anti-terrorism policeman in Athens on Wednesday in the worst attack since riots in December launched a wave of bombings and shootings in Greece.

The presidents of Russia and China on Wednesday called for a diplomatic push to resolve tensions over the nuclear programs of Iran and North Korea after wide-ranging talks in Moscow.

Stock index futures pointed to a flat to lower open on Wednesday as key data for May tempered inflation concerns but was offset by a disappointing earnings outlook from package delivery company FedEx Corp .

Indian Prime Minister Manmohan Singh said on Wednesday that Pakistan President Asif Ali Zardari had sought more time to act against anti-India militants because Islamabad's fight with the Taliban had entered a crucial phase.

France's chief air disaster investigator said on Wednesday he was unhappy that a French pathologist had not been allowed to take part in autopsies in Brazil of bodies recovered after an Air France plane crash.

U.S. President Barack Obama will sign a memorandum on Wednesday to extend healthcare and other benefits to unmarried domestic partners of federal workers, a White House official said on Tuesday.

The leaders of South Korea and the United States told North Korea to drop its atomic ambitions and stop threatening the region while media reports on Wednesday said Pyongyang was moving ahead with plans to launch a long-range missile.

U.S. consumer prices rose at a slower-than-expected pace in May despite higher gasoline costs, and fell over the past 12 months by the most since 1950, according to government data on Wednesday.

U.S. mortgage applications fell for a fourth consecutive week, with overall demand plunging to its lowest level in nearly seven months, data from an industry group showed on Wednesday.

U.S. mortgage applications fell for a fourth consecutive week, with overall demand plunging to its lowest level in nearly seven months, data from an industry group showed on Wednesday.

The U.S. economy will not recover until the end of this year, and even then growth will remain meek and vulnerable to higher interest rates and commodity prices, economist Nouriel Roubini said on Tuesday.

Apple iPhone 3.0 Update will be released today June 17, according to the Apple iPhone website.

New U.S. housing starts and permits surged in May from record lows, while wholesale prices were muted despite higher gasoline costs, indicating the economy was moving closer to the end of a deep recession.

FedEx Corp on Wednesday reported a larger fourth-quarter loss, due to charges at two units that have been hit by the recession, but gave a low outlook for the current quarter, citing the continued downturn and rising fuel prices.

The local market was caught by surprise yesterday following the release of the minutes to this month's Australian Reserve Bank meeting.

S&P 500 stock index futures fell and Dow futures turned negative on Wednesday after package delivery company FedEx Corp forecast an extremely difficult operating environment for the first two quarters of its fiscal year.

U.S. mortgage applications fell for a fourth consecutive week, with overall demand plunging to its lowest level in nearly seven months, data from an industry group showed on Wednesday.

Defeated presidential candidate Mirhossein Mousavi urged supporters to stage protests or gather in mosques to mourn those killed after disputed elections that set off Iran's worst unrest since the 1979 Islamic Revolution.

Toyota Motor Corp is preparing to ramp up production of the hot-selling Prius hybrid by adding weekend shifts, and denied a report that it was considering building the model at a plant in California held jointly with General Motors Corp.

European carbon has fallen by almost a fifth in the past month as utilities profited from a recent doubling in emissions prices, but analysts say Europe has to heat up or permit prices drop further before buyers return.

Stock index futures were little changed on Wednesday as caution prevailed ahead of key inflation data for May and quarterly results from package delivery company FedEx Corp that may shed light on the strength of the economic recovery.

The Boston Globe and its largest union ended this week's second marathon round of talks early Wednesday morning without a deal on pay and benefit cuts, and plans to meet again next week.

The Asian Development Bank (ADB) said on Wednesday it will up its investment in clean energy to $2 billion a year from 2013 to significantly dampen carbon growth and cut greenhouse gas emissions in the region.

Qatar expects to reveal the outcome of talks on buying a stake in ailing German sportscar maker Porsche SE in two to three weeks, the country's prime minister said, according to media reports.

Stock index futures were little changed on Wednesday as caution prevailed ahead of key inflation data for May and quarterly results from package delivery company FedEx Corp that may shed light on the strength of the economic recovery.

Climate change has already caused visible impacts in the United States and poses particular risks to the U.S. agriculture and energy industries, a new government report said on Tuesday.

Swedish carmaker Saab secured a key court ruling on Wednesday to cut billions of crowns in debt, paving the way for its proposed takeover by local sportscar maker Koenigsegg.