US dollar climbs against euro after dire European data
(Jul 24)
NEW YORK: The US dollar climbed against the euro on Thursday after gloomy economic data darkened the economic outlook for the 15-nation eurozone, sparking fears of recession.
Wall Street slides on weak housing data
(Jul 24)
NEW YORK: Wall Street went into a nosedive on Thursday as a weaker-than-expected report on the US housing market raised fresh fears about an economic recovery and ended a rush into banking stocks.
Oil prices rebound from two-day tumble
(Jul 24)
LONDON: Oil prices rebounded modestly on Thursday after two days of heavy losses as the market weighed the impact of slowing global growth on energy demand.
China's Haier aims to be world's top fridge maker
(Jul 24)
BEIJING: With the Beijing Summer Olympics just weeks away, China's top refrigerator maker Haier is set to take the world stage in a big way.
IMF welcomes US rescue plan for Fannie, Freddie
(Jul 24)
WASHINGTON : The International Monetary Fund on Thursday welcomed the US government's plans to aid mortgage finance giants Fannie Mae and Freddie Mac and ease the housing crisis.
US home sales slip another 2.6%
(Jul 24)
WASHINGTON : US home sales fell another 2.6 percent in June as inventories rose and prices fell with buyers still hesitant in the face of a horrific market slump, industry data showed on Thursday.
