Bullion roared to a record on Monday above $1,700 an ounce as an unprecedented downgrade to the U.S. credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar.
India is in a better position than other countries to manage the impact of an uncertain global economic situation following the developments in the United States and the euro zone, the finance minister said on Monday.
Ratings agency Moody's repeated a warning on Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then.
If you are one of those who feels this compulsive need to smoke as soon as you wake up in the morning, then you are more likely to develop cancer than those who light up later in the day, a latest study.
Ratings agency Moody's repeated a warning on Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then.
Hours after the Arab League condemned the Syrian regime's violent crackdown on pro-democracy demonstrators, Saudi Arabia said it was recalling its ambassador to Damascus and denounced the Syrian ?death machine? in harsh language.
Japan on Monday signaled it was ready to continue intervening in the currency market in the wake of a G7 agreement to counter excessive exchange-rate moves, but Moody's Investors Service warned that Tokyo's efforts to weaken the yen were ineffective and negative for its sovereign ratings.
BlackRock, the world's largest money manager, is looking for opportunities to buy U.S. mortgage agency debt in the wake of Standard & Poor's downgrade of the U.S. sovereign rating, said Rick Rieder, the firm's chief investment officer of fixed income, fundamental portfolios.
Not humans, Smurfs, or aliens, it's the apes that rocked the movie theaters this weekend. Rupert Wyatt's "Rise of the Planet of the Apes" topped the box office charts at the end of this week with massive $77.4 million global ticket sales.
Online hackers AntiSec retaliated against police by breaching 10 gigabytes of sensitive data from more than 70 U.S. law enforcement Web sites. The hackers said they retrieved emails, credit card information and other sensitive data in retaliation against the arrests of alleged members accused of hacking into the CIA, Britain's Serious Organized Crimes Agency, or SOCA, and Sony.
Secret tapes recorded by Jacqueline Kennedy-Onassis reveal that she believed that vice-President Lyndon B. Johnson and Texas businessmen killed her husband President John F Kennedy.
The United States and Europe must summon the political courage to defuse their debt woes or global economic recovery will be threatened, Chinese official media said on Monday, reflecting the pressures on Beijing with its big stash of dollar assets.
The European Central Bank waved its big fire hose at blazing bond markets, then turned on a puny sprinkler.
U.S. insurance giant American International Group
is planning to sue Bank of America to recover more than $10 billion in losses on $28 billion of investment in mortgage-backed securities, the New York Times said citing three people with knowledge of the complaint.Treasury Secretary Timothy Geithner will remain in the position at President Barack Obama's request. Geithner considered stepping down after the government borrowing limit was raised.
A new global financial crisis would hit Asia harder than the last one, especially nations heavily exposed to offshore markets or still repairing budgets from the 2008-2009 crisis, credit ratings agency Standard and Poor's said on Monday.
The U.S. securities regulator has sent subpoenas to high-frequency trading firms in relation to last year's flash crash probe, the Wall Street Journal reported, citing people familiar with the matter.
FX has renewed the comedies "Louie" and "Wilfred" for one year each, and has ordered two more seasons of "It's Always Sunny in Philadelphia," with an option for a third.
A weekend contest at the world's largest hacking convention in Las Vegas showed one reason why big corporations seem to be such easy prey for cyber criminals: their workers are poorly trained in security.
Why so big companies fall prey to cyberattacks so easily? According to hackers taking part in Defcon conference -- the world's largest hacking convention in Las Vegas -- workers at big corporations are poorly trained in security, which makes it easy for hackers to trick them into revealing key information.
Japanese Finance Minister Yoshihiko Noda said on Monday that market trust in the dollar and U.S. Treasuries has not wavered in the wake of a U.S. credit downgrade, indicating Tokyo's readiness to maintain its massive holdings of U.S. government bonds.
Obese men with diabetes 2 can enhance erectile function and decrease urinary tract symptoms along with increased sexual desire by losing weight, a new study published in the Journal of Sexual Medicine shows.
