Thieves have stolen nearly $300 million from a bank in Baghdad, police and a bank official said Thursday, in what is probably one of the biggest thefts in Iraq since the 2003 war to topple Saddam Hussein.
A fat tax on salty, sugary and fatty foods could save thousands of lives each year, according to a study published on Thursday.
U.S. home foreclosures fell in June after jumping to a 30-month peak in May, but default rates will escalate as a horde of mortgages resets at higher loan rates, real estate data firm RealtyTrac said on Thursday.
The leading realty trade group on Wednesday cut its 2007 forecast for U.S. home sales and prices, saying both would slide this year with sales hitting a five-year low. The National Association of Realtors trimmed its sales forecast for the fifth straight month and also widened its predicted drop in existing home values.
The new kings of Wall Street -- as the managers of booming private equity and hedge funds have been dubbed in the business press -- will come under unaccustomed scrutiny on Wednesday before the U.S. Congress.
The Bush administration is expected to slash its 2007 budget deficit estimate when it updates its forecast on Wednesday, but uncertainty over slowing corporate receipts may lead the White House to express a more cautious view than some in the financial markets.
Swings in volatile energy and food prices will have minimal impact on inflation as long as expectations of future price gains are held steady, Federal Reserve Chairman Ben Bernanke said on Tuesday.
China posted a record trade surplus of $26.9 billion in June as exporters rushed shipments ahead of tax rebate cuts, handing more ammunition to critics who say Beijing's weak currency gives it an unfair trade advantage.
Money is pouring into foreign stocks, putting more downward pressure on an already weak yen.
Americans reached for their credit cards with gusto in May after an April lull, sending overall U.S. consumer borrowing up by $12.90 billion -- more than twice the forecast rise, a Federal Reserve Board report showed on Monday.
Foreigners don't have a high opinion of the United States, owing to the war in Iraq, but that hasn't done much to deter a ferocious appetite for American goods and services, as had been expected.
As if it wasn't hard enough to invest $200 billion, the managers of China's new state asset agency face a new headache: growing financial protectionism.
Rubles, rupees and renminbis will be a much bigger part of mom and pop's portfolio in less than 10 years as consumers become more tolerant of risk-taking and more knowledgeable about global economies, according to a study released on Monday.
Employers added 132,000 jobs in June and payrolls rose more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.
As well as agreeing to draw up international laws against cigarette smuggling, officials at a major World Health Organization (WHO) anti-tobacco meeting adopted stringent definitions of what it means to have a smoke-free bar or office.
Current U.S. interest rate policy should promote a further drop in inflation although risks are still skewed toward higher prices, San Francisco Federal Reserve President Janet Yellen said on Thursday.
Pacific rim trade ministers pushed for a revival of stalled world trade talks on Friday, but committed themselves to work towards setting up their own trade bloc if a global deal fails.
As Europe's workers take a few weeks of holiday this summer, their American colleagues will be lucky to get a few days off work, says a report published by the European Trade Union Institute.
Zimbabwe authorities ordered businesses on Thursday to stop selling basic goods in bulk to avert shortages after an official price freeze triggered a frenzied buying spree that has emptied most shop shelves.
A deal could be off, as the U.S. stepped up criticism of India and Brazil over failed talks
British house price inflation remained in double-digits in June and prices in the service sector accelerated, according to two separate surveys on Wednesday that reinforced expectations interest rates would go up this week.
Police were holding eight people on Tuesday, at least four of them foreign doctors, over a suspected al Qaeda plot against Britain that has triggered a manhunt stretching as far as Australia.
Iraq's cabinet approved changes to a draft hydrocarbon law on Tuesday and sent it to parliament for immediate debate, taking a big step towards meeting a key political target set by the United States.
The United States does not oppose releasing some of the 50,000 metric tons of heavy fuel oil due to North Korea under a nuclear disarmament deal before its Yongbyon reactor shuts down, a U.S. official said on Tuesday.
Most companies in China, the United States, Canada and Britain have not laid out plans to improve their energy efficiency, despite growing concerns about global warming, a survey showed on Tuesday.
Sport utilities showed modest improvement in rear-crash protection according to a U.S. insurance industry analysis released on Tuesday, but more than half the 87 light trucks tested fell short of optimum safety and pickups fared the worst.
Manufacturing growth accelerated in June to its fastest in over a year as the economy picked up momentum, according to a report published on Monday.
Russia capped its journey from communism to capitalism on Sunday with the opening of a $1,000-a-night luxury hotel on the site of an old Soviet hostelry best known for its surly service and bugged telephones.
Chinese President Hu Jintao swore in Hong Kong's leader for a new term on Sunday and reminded the territory that the motherland comes first, as the city embarked upon its second decade under Beijing's rule.
Big Japanese firms remained upbeat about business conditions in June, a Bank of Japan survey showed on Monday, underscoring the view that the central bank may raise rates as early as August but will stick to a gradual pace of credit tightening.
