JOHANNESBURG - What next for South Africa?
This racially charged country that, on Nelson Mandela's watch, inspired the world by embracing reconciliation in all-race elections in 1994 is again in the global spotlight after the loss of such a towering historical figure. It is a time not just for grief and gratitude, but also a clear-eyed assessment of national strengths and shortcomings in a future without a man who was a guide and comfort to so many.
NEW YORK, N.Y. - Stocks are closing sharply higher after the U.S. government reported a big increase in hiring last month.
The Dow Jones industrial average jumped 198 points, or 1.3 per cent, to 16,020 Friday.
The Standard & Poor's 500 index rose 20 points, or 1.1 per cent, to 1,805. The Nasdaq composite rose 29 points, or 0.7 per cent, to 4,062.
CARACAS, Venezuela - Venezuelans have been scrambling for dollars for weeks, taking refuge in the greenback as their own currency is in free fall. Rather than address the economic imbalances behind the bolivar's plunge, the government is going after the bearers of the bad news — it's taking down websites people use to track exchange rates on the black market.
BEIJING, China - Giving no ground, Chinese President Xi Jinping and U.S. Vice-President Joe Biden traded strong arguments Wednesday over China's contentious new air defence zone, with little indication of progress toward defusing a situation that is raising anxieties across Asia and beyond.
NEW YORK, N.Y. - Stocks are ending mostly lower as investors weigh conflicting economic reports and assess the outlook for Federal Reserve stimulus.
Major U.S. indexes moved between gains and losses before ending lower Wednesday.
Conflicting news about the economy left investors unsure about when the Fed will reduce its monthly bond purchases, which have been supporting financial markets. The Fed's next meeting is in two weeks.
The latest bout of investor anxiety came ahead of the government's closely watched employment report due out on Friday.
Biotech IPOs have gone from hot to cold.
Biotechnology stocks were among the most sought-after initial public offerings this year, with 38 through mid-November. That's the most to go public since 2000, according to Credit Suisse. But all five biotech offerings planned for the week of Nov. 18 were postponed. And a biotech debut on Tuesday priced at the low end of expectations.
Why the sudden freeze?
BALI, Indonesia - Top trade officials began talks Tuesday that will either produce an eleventh hour deal that could boost the global economy by $1 trillion or possibly spell the end of the World Trade Organization's relevance as a forum for negotiations.
WASHINGTON - U.S. manufacturing grew in November at the fastest pace in 2 1/2 years as factories ramped up production, stepped up hiring and received orders at a healthy clip.
The Institute for Supply Management said Monday that its index of manufacturing activity rose to 57.3. That was up from 56.4 in October and was the highest since April 2011. A reading above 50 signals growth.
WASHINGTON - America's retailers enjoyed a record 2011 and their first $400 billion sales months ever. But the final month of the year was a dud.
Sales eked out a 0.1 per cent increase in December, to a seasonally adjusted $400.6 billion.
It was the second straight month that sales topped $400 billion. Revised government data showed that sales in November also surpassed that level.
LONDON - The World Economic Forum warned Wednesday that the financial crisis that has gripped the global economy for the past few years is fueling resentment that could lay the seeds for a rising tide of protectionism, nationalism and social unrest.
In its assessment of the risks to the global economy, the Forum flagged a "dystopian future" for much of humanity that could wipe out the gains achieved so far by globalization and undermine a nascent economic recovery.