Stocks tumbled and the dollar surged on Thursday after a warning from the Federal Reserve that the United States faced a grim economic outlook with significant downside risks and data offered more evidence of a slowdown in China.
Stocks tumbled and the dollar surged on Thursday after a warning from the Federal Reserve that the United States faced a grim economic outlook with significant downside risks and further evidence of a slowdown in China.
Rescue workers with sensors and sniffer dogs searched through rubble on Wednesday for more survivors of an earthquake that has killed at least 100 people in a remote Himalayan region and left many, including 400 foreigners, stranded in far-flung areas.
Asian stocks tumbled on Thursday, following a slide on Wall Street, as investors took fright at a warning by the Federal Reserve that the United States faced a grim economic outlook with significant downside risks.
SABMiller's $10 billion bid for Australian brewer Foster's Group looks set for success as key shareholders backed the sweetened deal on Thursday with only an outside chance of a rival offer now posing a threat.
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.
Get ready to digest another rumor on the Apple iPhone 5 release date. AllThingsD reported Wednesday that sources have confirmed that Apple will hold a media event on Oct. 4 to unveil the iPhone 5.
Europe's debt crisis is the biggest threat to the global economy, the Treasury said on Wednesday, and it called on European policymakers to provide unequivocal support to banks and governments under stress.
SABMiller's $10.1 billion bid for Australian brewer Foster's Group looked well placed to succeed on Thursday after some key shareholders come out in favor of the sweetened deal.
Developing countries can prepare for the threat of a global recession by improving policies to generate growth and jobs, diversifying economies, bolstering their banking sectors and readying social safety nets, the World Bank's top economists said on Wednesday.
Electronic Arts Inc may never recover its Silicon Valley swagger. But maybe it doesn't have to, its top executive says.
Struggling car maker Saab launched a cost-cutting plan to secure its survival on Wednesday after a court gave it temporary protection from creditors while the company waits for long-term Chinese investment to come through.
The president of Brazil, Dilma Rousseff, on Wednesday told the United Nations that fast-growing emerging economies can play a vital role to help stem the global economic crisis, marking the latest move by developing countries to become the equals of the world's traditional powers.
Apple is expected to launch its anticipated next-generation iPhone 5 on October 4, and while it should feature a number of bells and whistles, it will probably lack 4G ... for now.
As of Jan. 1, 2011, there were 3,251 total prisoners on death row in the U.S., but the number of executions per year has been declining over the past decade. Despite the decline, the United States still executes the fourth most people of any country in the world.
China is all set to launch its first unmanned space module on Tuesday. The world's third biggest country will launch the test module into orbit via Long March II-F rocket, which is developed by China Academy of Launch Vehicle Technology.
To address the growing problem of Apple knock-offs and copycats in China, the company has been granted 40 patents for its line of mobile and laptop computing systems.
South Africa's Gold Fields Ltd. could invest up to $2 billion to develop a gold and copper prospect in the Philippines, a government official said on Wednesday, although the company said it was far too early for such estimates.
The internet community has accused Yahoo of censoring email messages on Occupy Wall Street protests, after numerous videos were posted on YouTube by Yahoo users demonstrating the censoring.
Gold fell on Wednesday as investors booked profits on the metal's rally earlier in the day ahead of the outcome of a Federal Reserve policy meeting that many hope will confirm the central bank's strategy to kick-start U.S. growth.
Kyrgyzstan launched its second foreign-run gold mine on Wednesday after the Chinese owners settled a dispute with local residents, raising hopes that bigger projects could follow in the Central Asian state.
Analysts are widely expecting the device to deliver record-shattering sales numbers.
