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Fed Outlook, China Data Depress World Markets

World stocks hit a fresh one-year low on Thursday and investors poured money into safer currencies and government bonds after the Federal Reserve gave a grim outlook for the U.S. economy and China's manufacturing slowed.

Rescue Workers Search for Survivors of Himalaya Quake

India-Nepal quake
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.

Save the Date for iPhone 5 - Oct. 4?

Apple is expected to launch new iPhone in October
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.
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Gold Falls on Profit Taking Ahead of Fed Announcement

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.
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Chinese Firm Launches Second Kyrgyzstani Gold Mine

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.
Greenspan listens to opening statements as he testifies before the Financial Crisis Inquiry Commission hearing on Capitol Hill

BRIC Help for Euro Zone Has Echoes of 1998

The world's giant emerging economies have no magic wand to resolve the euro zone's debt problems, but a contribution to its stabilization could still prove powerful, help avert market panic and reap significant non-financial rewards.
China Back Apple in Patent War: Country Grants 40 New Patents Protecting iPhone, iPad

Apple Granted 40 Patents in China: Report

Apple Inc has been granted 40 patents in China, which will help the maker of iPhones and iPads gain more intellectual property protection in the country, the China Daily reported on Wednesday.
Gold block

Gold Steady Above $1,800 as Traders Await Fed News

Gold held steady above $1,800 an ounce on Wednesday ahead of the outcome of a Federal Reserve policy meeting at which the U.S. central bank is expected to unveil its next steps to revive the world's largest economy.
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Gold Rose Tuesday to Highest Level in Eight Sessions

Gold jumped to its biggest gain in eight sessions on Tuesday, snapping back from steep day-ago losses as the anticipation of further U.S. stimulus mingled with new fears over global growth.
A sign at the entrance to the headquarters of bankrupt Solyndra LLC is shown in Fremont

House Republicans Step Up Probe into Energy Loans

Republican lawmakers are stepping up their investigation into alternative energy loan programs in the wake of the collapse of the Solyndra solar company, the first company to receive such government funding.
People wait in line to enter a job fair in New York

2.8 Million U.S. Jobs Lost Since China Joined WTO: Study

About 2.8 million jobs, both in manufacturing and high-tech fields, have been lost as a result of the growing U.S. trade deficit with China since Beijing's entry into the World Trade Organization in 2001, said an EPI study, which was denounced immediately by the US-China Joint Business Council.
The Bird Flu Strikes Again

New Bird Flu Outbreak Reported in India

Authorities in eastern India will start culling chickens and destroying eggs to contain a new outbreak of H5 bird flu, the government said in a statement on Tuesday, as a mutant strain of the virus is spreading elsewhere in Asia.
220 kg gold block

Gold to Clear $2,000 in 2012 as Rally Cools: Poll

Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.
Pedestrians walk outside a bank

IMF Sees 2011 Global Growth Slowdown, Risk of Developed World Double-Dip Recession

Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.
Eurozone

Europe to face G20 Heat on Euro Crisis Response

Europe will come under heavy pressure this week to stem its deepening debt crisis but talks among the self-proclaimed guardians of global finance are unlikely to yield bold action.
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Gold to Top $2,000 Next Year - LBMA Conference Participants

Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.
A mother casts her vote during the Zambian presidential election,

Zambians vote in 'King Cobra vs RB' election

Zambians voted on Tuesday in a closely contested election between President Rupiah Banda and opposition leader Michael Sata, who has been a critic of foreign investment in Africa's biggest copper producer, most notably from China.
Jacob Zuma

African Union finally recognises Libya's NTC

The African Union (AU) recognised the National Transitional Council (NTC) as Libya's de facto government on Tuesday, removing another piece of diplomatic support for ousted leader Muammar Gaddafi.
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Apple Will Launch Two iPhones - iPhone 5 and iPhone 4-Plus: Rumors

Almost everyday we come across some rumors about Apple’s new i-devices. However, on Monday a big bang came out. It said that Apple will surprisingly release two separate devices: one is the widely expected iPhone 5 and the other is an improved version of iPhone 4, called ‘iPhone 4-plus’.

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