Petraeus to argue against big Iraq troop cuts
September 10 2007 5:53 AM
In a report considered crucial to U.S. strategy in the highly unpopular war in Iraq, the top U.S. commander there is expected to tell Congress on Monday that U.S. troop levels should not be cut deeply.
Former Pakistani PM deported to Saudi
September 10 2007 5:47 AM
Former Pakistani prime minister Nawaz Sharif was arrested and deported to Saudi Arabia on Monday within hours of arriving home from exile, vowing to end the rule of President Pervez Musharraf.
Heritage preservation grips Hong Kong amid building boom
September 09 2007 11:18 PM
In the dim confines of the time-worn Wing Woo grocery, a short hop from Hong Kong's gleaming financial towers, Kwan Moon-chiu, 73, quietly arranges supplies of salted-fish and eggs, knowing his store's days are numbered.
APEC leaders urge speedy Doha trade deal
September 09 2007 10:56 PM
Asia-Pacific leaders said on Sunday they saw real progress in world trade talks now underway in Geneva and pledged flexibility and the political will to forge a deal by the end of 2007.
Do low hemlines spell bad news for the market?
September 07 2007 6:30 PM
Lower hemlines could spell bad news for the U.S. stock market.
Payrolls post first decline in 4 years
September 07 2007 5:11 PM
Payrolls shrank in August for the first time in four years, the government reported on Friday, prompting calls for the Federal Reserve to lower interest rates before credit market turmoil drags the economy into recession.
House backs student lender subsidy cuts
September 07 2007 4:31 PM
The U.S. House of Representatives voted on Friday to cut government subsidies to student loan firms and boost student aid by $20 billion.
APEC draft climate statement seen a compromise
September 07 2007 3:02 PM
Asia-Pacific officials agreed on Friday to a draft climate statement which reaffirms a U.N. treaty on fighting global warming, while urging non-binding aspirational targets for greenhouse gas reductions, a delegate said.
U.S. Officials say job fall won't stall economy
September 07 2007 2:57 PM
Bush administration officials on Friday sought to ease fears the U.S. was tipping into recession after a government report showed the economy shed jobs for the first time in four years last month.
Paulson: job fall not a shock, economy healthy
September 07 2007 2:53 PM
Treasury Secretary Henry Paulson on Friday said he was not totally surprised about the decline in jobs in August given housing troubles and less government hiring, but he still sees the U.S. economy as healthy.
Jobs fall latest signal for weak retail holiday
September 07 2007 12:25 PM
A surprise decline in payrolls in August could frighten already jittery consumers into shutting their wallets tight, a move that could push sales down to recession levels during the key holiday shopping season.
Two quakes rattle Taiwan
September 07 2007 11:20 AM
Two strong earthquakes rattled Taiwan's capital and the north of the island on Friday, disrupting communications though no casualties or serious damage were reported.
APEC leaders aim to ban grease payments
September 07 2007 11:19 AM
Asia-Pacific leaders will fire a shot in the battle against corruption at their weekend summit, endorsing a code of conduct banning companies from paying bribes to speed up deals or making dubious political contributions.
Mexican trucks granted authority to operate in U.S.
September 07 2007 11:15 AM
The Bush administration granted authority late on Thursday for long haul Mexican trucks to operate anywhere in the United States, launching a one-year pilot program that some members of Congress, labor and consumer groups assert shortchanges safety.
Bush and Putin engage Asia at APEC
September 07 2007 11:02 AM
At the Asia Pacific Economic Cooperation summit, Bush said he would consider a peace treaty with North Korea if it gave up nuclear arms.
U.S. regulators to probe rating agencies - WSJ
September 07 2007 10:54 AM
U.S. regulators plan to probe how the major credit-rating agencies are paid and their independence from Wall Street firms that issue bonds, The Wall Street Journal reported in its online edition on Friday.
August U.S. jobs cut by 4,000, first drop in 4yrs
September 07 2007 9:48 AM
Employers cut 4,000 jobs in August, the first time in four years that monthly hiring contracted, the government said on Friday in a report certain to boost pressure on Federal Reserve policy makers to cut interest rates.
Greenspan sees turmoil similar to 1987: report
September 07 2007 8:46 AM
Former Federal Reserve Chairman Alan Greenspan said the current market turmoil is identical in many ways to that which occurred in 1987 and 1998, the Wall Street Journal reported in its online edition on Friday.
ECB buys time on rate rise as markets churn
September 06 2007 2:31 PM
European Central Bank kept options open on a future rate move on Thursday, stressing his anti-inflation commitment but saying volatile markets meant the ECB needed more time to think.
APEC ministers agree to push for WTO deal
September 06 2007 1:07 PM
Asia-Pacific ministers agreed on Thursday to accelerate global free-trade talks, saying that negotiations were at a crucial and probably final phase.