U.S. mortgage applications declined last week -MBA
Applications for U.S. home mortgages slumped last week as bankers recorded the slowest refinancing activity in more than a year, an industry group said on Wednesday.
Get ready to pay more for groceries this year
Overall food prices in the U.S. are going to inch up between 2 and 3 percent this year, putting an added burden on household budgets.
Tunisia wants to try Ben Ali for property theft; issues arrest warrant
Tunisia's justice minister said on Wednesday an arrest warrant has been issued against deposed President Zine al-Abidine Ben Ali and his family.
BoE policy panel minutes reveal growing concern over inflation
The minutes of Bank of England's (BoE) Monetary Policy Committee meeting held on January 13 showed that policymaker Martin Weale joined Andrew Sentance in voting for a 25 basis points rate hike.
BoJ says industrial output will rise this quarter
Japan's industrial production dropped during October-December, but will rebound in the current quarter, the Bank of Japan (BoJ) said in its monthly report published on Wednesday.
'Beginning of the end' for Egypt's Mubarak as son and wife flee
Embattled Egyptian president Hosni Mubarak's son, who has been widely seen as his successor, has fled the country, according to US-based Arabic website Akhbar al-Arab.
US January consumer confidence hits highest since May
U.S. consumer confidence rose more than expected in January to its highest level in eight months, helped by growing optimism about the economy and the jobs market, according to a private sector report released on Tuesday.
Trade policies in focus as Obama makes State of the Union address
As President Barack Obama makes the annual state of the union address to the nation tonight, issues like jobs, exports, competitiveness and trade deals will hog much of the limelight.
China denies stealth fighter J-20’s technology was stolen
China refuted allegations that its J-20 stealth fighter jet had been constructed by gleaning technology from a downed US fighter.
German consumer sentiment continues to improve
German consumer sentiment continued its upward trend in January as a propensity to buy improved significantly and economic expectations remained high, market research group Gfk said on Tuesday.
BoJ keeps rates unchanged; has hard task on hand
The Bank of Japan (BoJ) kept its key overnight call rate unchanged at a range of zero to 0.1 percent on Tuesday, assessing that the economic recovery was showing signs of a pause.
The ET effect on religion: Did Jesus have incarnations on alien planets?
An extraterrestrial being is that funny-looking creature with frail limbs who pops his oversized head out of the Saturn-like dwelling in which he lives and flies, and who makes himself available for mortal gaze when and where he pleases. He is the ultimate bogeyman, instigator of curious debates, one who holds the high seat in enigma's realm. Some believe he exists, some don't. Now there is a new study that throws some light into the effects of the extra terrestrials on science and religio...
Oil prices to be stable, says Naimi
Saudi Arabian Oil Minister Ali Naimi said on Monday that he expected oil markets this year to be in balance and price stability to continue at 2010 levels.
Timeline of recent bomb attacks in Moscow
A deadly blast at Moscow's Domodedovo airport killed at least 23 people on Monday, agencies have reported. Following is a timeline of major attacks in Moscow in recent times:
Rohingya boat people’s plight in focus as Thailand to deport 91 to Myanmar
Thai police said on Monday as many as 91 Rohingya boat people, who ended up in the country while fleeing from Myanmar, will be deported.
Eurozone PMIs reveal solid start to the year
Factories in the euro area witnessed strong price increases in January while the services sector too posted better-than-expected growth, suggesting the eurozone has made a solid start to the year.
T-Mobile offers ‘DriveSmart Plus’ app to block calls while driving
T-Mobile has developed a new service that helps drivers restrict themselves from attending to calls and sending texts messages when they are driving, ANI has reported.
US firms to increase hiring as optimism returns
Optimism over the U.S. economy is improving and firms are planning to ramp up hiring in the coming months, the latest National Association for Business Economics (NABE) survey showed.
800 dead in Brazil landslides, floods; 400 still missing
Brazilian officials have said more than 800 people have been confirmed dead as entire hillsides collapsed in torrential rains and floodwaters inundated vast tracts of land in the country's southeast over the month.
Flood waters rush towards Australia's Murray River, more evacuated
More people were evacuated in Australia’s Victoria state on Monday as deadly flood waters continued to swamp huge swathes of land in the country’s southeast, and the State Emergency Service said as many as 76 towns in the state have been affected by the flooding.
US gasoline stocks rose last week
US gasoline stocks rose 4.443 million barrels during the last week as demand languished at seasonal levels while the output from refineries rose, Platts said in a release.
Donald Trump loves to hate China
Donald Trump, billionaire real estate mogul and outspoken critic of China, has been on a freewheeling China-baiting spree of late. The Chinese are not friends, but enemies, and that they do not understand niceness, Trump said in CNN’s Situation Room with Wolf Blitzer.
Japan presents upbeat economic outlook
The Japanese cabinet office said on Friday the economy is showing signs of growth momentum and that the exports sector has been helped by China's growth and strong recovery in the U.S.
Is China's economy already the world's biggest?
New GDP figures at purchasing power parity (PPP) seem to suggest that China may have already overtaken the U.S. as the world's largest economy.
Snow hits UK retail sales
UK retail sales slid 0.8 per cent in December as food, petrol and clothing sales remained under pressure and the adverse effects of the snow dented high street spending.
Will EU bigwigs give cheaper funds to rescue Greece from default?
The Irish Times reported on Friday EU finance ministers have opened tentative talks on the restructuring of Greek sovereign debt but analysts have pointed out that the European Financial Stability Facility (EFSF) will not be enough to take Greece through a successful debt restructuring.
China rate hike looms as inflation becomes political issue
Close on the heels of a China central bank adviser hinting at an imminent rate hike, a state-controlled newspaper has said more rate hike is on the cards, probably as early as in February, confirming the dominant view that Beijing will pull out all the stops to address what is becoming a serious political problem.
Manufacturing expands in Philadelphia area
Manufacturing activity in the Philadelphia area continues to expand in January with all broad indicators remaining positive and supported by a pickup in new orders and employment, the Philadelphia Fed's survey showed on Thursday.
'Silver prices set to leap four-fold in three years'
Silver prices could hit an incredible $120 in just three years, propelled by a physical shortage in the silver market and further momentum in economic recovery, CommodityOnline has reported citing a report by thesilvershortage.com.
UK manufacturing recovery well on track: CBI
UK manufacturing recovery is well on track, driven primarily by export orders, the Confederation of British Industry (CBI) said on Thursday.