UNITED STATES

A handout picture shows armed policemen trying to rescue hostages at a police station during a clash in Hotan

China blames Muslim extremists for attack in Xinjiang

China said on Monday that Islamic militants had mounted an attack that left 11 people dead in the restive western region of Xinjiang, which announced a crackdown on "illegal" religious activities at the start of the Muslim fasting month.

HSBC posts surprise profit rise, shares jump

IBTimes Logo
HSBC reported a surprise increase in first half profit and said it remained positive on the prospects for emerging market economies, even if the United States and Europe are likely to remain sluggish.

Dollar rallies on debt deal, but downside risks seen

U.S. dollar notes are seen in this picture illustration
The dollar rallied against the yen and the Swiss franc on Monday as investors unwound safe-haven plays on expectations U.S. lawmakers would pass a deal to raise the country's borrowing limit, averting the risk of an immediate default.
More news
A couple embrace on the third day of the Glastonbury Festival in Somerset

Young adult dating trend slows road to marriage

Young adults are slowing the road to marriage with "stayover relationships," a dating trend that allows them to enjoy committed relationships without living together, new research shows.
Phelps of U.S. competes in men's 4 X 100m medley relay final at 14th FINA World Championships in Shanghai

Bring on London, frustrated Phelps says

Most swimmers would be content with four world championships gold medals in a career, yet Michael Phelps left Shanghai with four from the meeting, frustrated and warning he would only get better.
File photo of U.S. golfer Tiger Woods in Pennsylvania

Woods set for Sydney and Australian Open

Tiger Woods has signed up to play at the Australian Open in Sydney in November, organizers said Monday, making the former world number one a likely starter at the following week's Presidents Cup.
Arnold Schwarzenegger and Maria Shriver reunites for his birthday

Arnold Schwarzenegger and Maria Shriver Reunite

Arnold Shwarzenegger and Maria Shriver reunited on Saturday to celebrate the former California governor?s birthday in Beverly Hills, along with two of their children, Patrick and Christopher.
Boehner and McConnell speak at a news conference about the U.S. debt ceiling crisis, at the U.S. Capitol in Washington

Lawmakers to vote on last-minute debt deal

After months of vitriolic discord, Republican and Democratic lawmakers were expected to vote on Monday on a White House-backed deal to raise the U.S. borrowing limit and avert an unprecedented default.
IBTimes Logo

Honda avoids loss, raises profit forecast

Honda Motor Co <7267.T> avoided an expected loss and raised its annual profit outlook by more than a third on Monday after it reported a 90 percent fall in quarterly operating profit, as it rebounded quickly from a severe parts shortage.
IBTimes Logo

Honda falls on parts shortage but lifts guidance

Honda Motor Co <7267.T> posted a 90 percent fall in quarterly operating profit as a severe parts shortage stemming from the March 11 earthquake slashed output, but avoided an expected loss and raised its annual profit guidance by more than a third.
IBTimes Logo

Japan keeps verbal warnings, dollar up on debt deal

Japan's finance minister kept up verbal intervention against a rising yen even as a weak dollar won a reprieve on Monday as U.S. lawmakers reached an agreement to raise the debt ceiling and avoid a sovereign default.
U.S. President Barack Obama

New Round of Deficit Reduction Looms After Debt Limit Agreement

"The leaders of both parties, in both chambers, have reached an agreement that will reduce the deficit and avoid default," President Obama announced Sunday night. The long-awaited and momentous agreement would cut 1 trillion dollars from a 10-year budget and raise the debt ceiling to beyond the 2012 elections.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.