RUSSIA

U.S. home construction unexpectedly fell 1.1 percent in February

Good Time to Lock in a 30-Year Fixed Home Mortgage Rate?

Amid a sluggish U.S. economy with inadequate job growth, there has been one unabashed bright spot: home mortgage interest rates, currently about 4.10 percent for a 30-year, fixed-rate mortgage, are the lowest in decades. Is now a good time to take the plunge a purchase a home?

Developing Nations Also Eye Space as China Launches First Space Lab

China has embarked on a plan to launch a new space lab on Thursday beginning with the lift off of its 8.5-ton Tiangong-1 space module. Developing nations across the world are launching space and science research that could put them on the path to charting their own future.
Syrians living in Jordan shout slogans against Syrian President Bashar al-Assad after morning prayers on the first day of Eid Al-Fitr outside the Syrian embassy in Amman

Syria News Update: Assassinations and Sanctions

In Syria, anti-government protesters continue undeterred as President Bashar al-Assad intensifies his forceful crackdown against demonstrations. Over the last five days, at least 76 people have been killed in the northern cities of Homs and Hama and in the southern Daraa region, according to activist reports.
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Putin and Kudrin

Putin's Finance Minister Quits Over Leadership Shake-up

Russian Prime Minister Vladimir Putin's proclamation that he will again run for President has angered his longtime Finance Minister, Alexei Kudrin. On Saturday, Kudrin responded by saying that Putin's decision will not allow me to be a part of the new government.
BRIC

BRICS Struggle Again to Act Together

A group of five leading emerging economies that has banded together to increase their global clout is again struggling to find common ground.
U.S. and Global Economies

G-20: Globalization's Two-Edged Sword

Even as G-20 leaders grapple with the global financial crisis, a larger, over-arching concern is limiting GDP growth in the U.S., and, to a lesser degree, in other developed economies and, by extension, decreasing the capacity of the these nations to counteract the crisis: inadequate wage growth.
Russian Prime Minister Vladimir Putin

Vladimir Putin to Run for 2012 Presidential Election in Russia

Ending the ongoing speculations in Russia over the next presidential candidate from the ruling United Russia party, Russian Prime Minister Vladimir Putin on Saturday accepted President Dmitry Medvedev's proposal to stand for president in March 2012.
Greece could trigger global banking crisis: Canada

Greece could trigger global banking crisis: Canada

A global banking crisis will erupt unless Europe properly deals with Greece's debt problems, Finance Minister Jim Flaherty said on Wednesday, notably hardening his criticism of European authorities.
U.S Stocks

Oil Prices and GE: 2 Quick Reads on the U.S. Economy

Don't have the time to pour over U.S. economic data and related reports? Well, for a quick-read on the U.S. economy, monitor the price of oil and General Electric's (GE) stock price.
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BRICS to Consider Euro Bonds Plan: South Africa's Gordhan

A meeting of emerging economies on Thursday will consider a Brazilian proposal to buy European bonds to help crisis-hit euro zone countries, South Africa's Finance Minister Pravin Gordhan said on Wednesday.
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North Korea Seeks to Reopen Nuclear Talks with U.S.

North Korea wants a second round of dialogue with the United States, possibly next month, as part of renewed efforts to restart talks on disabling the its nuclear weapons program, a South Korean official said Thursday.
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NASA to Pay $1.6Bln for Space Taxis

NASA has unveiled plans of $1.6 billion to buy a complete range of spacecrafts, launchers, mission operations and ground support by the middle of the decade to transport astronauts to the International Space Station and low Earth orbit.
Typhoon Roke Hits Japan

Typhoon Roke: Japan Storm Moves Toward Pacific

Typhoon Roke is moving off shore and toward the Kuril Island archipelago between Japan and Russia, according to reports. The storm is still pounding the central Japan with rain, including the Fukushima nuclear power plant, which has so far avoid any major damage.
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Obama to meet Palestinian leader amid U.N. crisis

President Barack Obama will meet Palestinian President Mahmoud Abbas on Wednesday to urge him to drop plans to ask the U.N. Security Council to recognize a Palestinian state despite U.S. and Israeli objections.
Greenspan listens to opening statements as he testifies before the Financial Crisis Inquiry Commission hearing on Capitol Hill

BRIC Help for Euro Zone Has Echoes of 1998

The world's giant emerging economies have no magic wand to resolve the euro zone's debt problems, but a contribution to its stabilization could still prove powerful, help avert market panic and reap significant non-financial rewards.
NASA

NASA Hiring Private Contractors for Space Transport

NASA unveiled its plans to buy a complete range of spacecrafts, launchers, mission operations and ground support by the middle of the decade to provide astronauts with transportation service to the International Space Station and low-Earth orbit.

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