The U.S. stock market dropped again Friday, with the Dow Jones Industrials Average closing down 1.6 percent. That capped off a week of extreme volatility on Wall Street as investors continued to lose confidence in stocks because of worries about the...
CHICAGO, Aug. 19 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange ended sharply higher on Friday, notching a new record-settlement high for the fourth time this week, as investors remained cautious about stocks and h...
SHENZHEN, China, Aug. 18 (Xinhua) -- In the absence of Michael Phelps, it could be golden days for Hungarian star swimmer Laszlo Cseh to dominate the Shenzhen Universiade pool. Without Micheal, the race is different, the 26-year old Cseh said after h...
Major stock indexes in the United States dropped sharply on Thursday. For many analysts, there are two main reasons for the market drop. One is the U.S. economy; the other is the European debt crisis. Jon Henes, a managing partner and financial exper...
Former Soviet leader Mikhail Gorbachev has accused Russian Prime Minister Vladimir Putin of undermining democracy in Russia. Gorbachev spoke to the BBC in an interview Thursday, on the eve of the 20th anniversary of a failed coup aimed at removing hi...
A major American newspaper says the U.S. is investigating the financial services company that downgraded the U.S. credit rating for its faulty rating of mortgage securities that played a major role in the country's 2008 recession. The New York Times...
MADRID, Aug. 17 (Xinhua) -- Leo Messi was again the hero for FC Barcelona as he scored two goals to take his side to a 3-2 win over Real Madrid in the return leg of the Spanish Supercup. The result gave Barcelona a 5-4 aggregate win over Madrid, who...
WASHINGTON, Aug. 17 (Xinhua) -- Latest research shows that the Moon could be younger than previous estimates. The findings were published online Wednesday in the Nature journal. The prevailing theory of the Moon's origin is that it was created by a g...
SAN FRANCISCO, Aug. 17 (Xinhua) -- Microsoft's cloud-based software Microsoft Office 365 on Wednesday experienced its first major outage since its introduction in late June. At approximately 11:30 a.m. PDT, Microsoft became aware of a networking issu...
CANBERRA, Aug. 17 (Xinhua) -- Australian scientist on Wednesday said his international research team has discovered the trick on how butterfly learn to change its wing pattern to avoid being eaten by birds. The Amazonian butterfly, Heliconius numata,...
The European Commission supports the proposals made by France and Germany on Tuesday to shore up the eurozone, its spokesperson said Wednesday. The markets, however, have not reacted so favorably. Olivier Bailly, the EU spokesperson, said the commiss...
Concluding a three-day bus tour of key midwestern states, President Barack Obama said he will propose that a bipartisan congressional committee find more than $1.5 trillion in additional spending cuts, a level set in the recent debt and deficit compr...
MADRID, Aug. 16 (Xinhua) -- Real Sociedad got strengthened in attack to recieve Mexican International winger Carlos Vela from English Premier League club Arsenal, the Spanish La Liga side confirmed on Tuesday. Real Sociedad have reached an agreement...
BEIJING, Aug. 16 (Xinhuanet) -- It is widely accepted that obesity leads to an increased risk of health complications, but new studies quoted by media Tuesday challenge the conventional notion. Our studies challenge the idea that all obese individual...
The Fitch rating agency is keeping its top-level credit rating on the United States. Fitch says it kept the AAA credit rating in place because the U.S. economy is flexible, diversified, and wealthy, which helps the nation adjust to marketplace shocks...
