Geithner confident US debt cap will be raised
WASHINGTON — US Treasury Secretary Timothy Geithner said Wednesday he was confident the US Congress would raise the country's debt limit and avert a potentially catastrophic default.But he also reiterated that…
Germany-slayer Sawa ready to take on Sweden
WOLFSBURG, Germany — Having led her side to the shock win over defending champions Germany, Japan captain Homare Sawa is ready to push through the pain barrier again in Wednesday's semi-final…
BBC reveals top earners' pay
LONDON — The BBC published details of its top earners for the first time Tuesday, revealing that 19 of its stars are paid more than 500,000 despite recent funding cuts imposed…
Metallica to welcome India's first GP
NEW DELHI — US heavy metal outfit Metallica will rock India with their first-ever show in the country at a concert to mark the inaugural Formula One meeting in October."There are…
Oil spike widens US trade gap
WASHINGTON — The US trade deficit widened sharply in May, topping $50 billion for the first time since October 2008, helped by surging oil prices, official data showed Tuesday.The trade gap…
Canada trade deficit narrows as exports rise
OTTAWA — Rising exports helped improve Canada's trade balance in May as the deficit with the rest of the world fell to CAN$814 million ($840 million US), Statistics Canada reported Tuesday.The…
Inflation eases to 4.2% in June
LONDON — Inflation slowed surprisingly in June, official data showed on Tuesday, but analysts say this is unlikely to kick-start better fortunes for the economy owing to bad trade figures.Britain's 12-month…
News Corp to repurchase $5 bn in stock
NEW YORK — Rupert Murdoch's News Corp., under fire over a telephone-hacking scandal in Britain involving the now-shuttered News of the World, announced a $5 billion stock repurchase plan on Tuesday.News…