ECONOMY

Residents in the U.S.' North Carolina coast as well as Canada's Nova Scotia area have been advised to take necessary precautions as tropical storm Arthur continued to gain strength, potentially hitting hurricane level by Thursday.

Canada could be seeing soon on its many runways its first ultra low-cost air carrier as Canada Jetlines Ltd. announced plans of raising $10-million to be able to enlist on the TSX Venture Exchange.

It was a busy night on the US economic calendar with the ADP jobs report and comments from Fed chair Janet Yellen hitting the wires. The ADP non-farm employment change came in at a much-better-than-expected 281,000, smashing estimates of 207,000. This saw expectations ramp up as we head into the official non-farm payrolls reading later today. With the July 4thIndependence day holiday on Friday, the data is being released on Thursday instead of the traditional Friday. The market is expecting to s...

Federal Reserve Chair Yellen delivered a speech at an IMF conference in Washington. She believes that raising interest rates to fight asset bubbles would be a bad idea, instead she argued better regulation would mitigate financial risk.

Rumours of an impending shakeup has forced Ernst von Freyberg, chairman of embattled Vatican Bank, to step down ahead of confirmations, Italian media reported earlier.

Concerns of radiation from Fukushima affecting Alaskan seafood have been ruled out by the U.S. Food and Drug Administration.

Defying odds, US space agency NASA will relaunch today a satellite that will track the global warming-inducing carbon dioxide levels and its effects around the world.

Although China's red-hot economy has slowed down, the Asian giant is still the envy of many western economies that suffered contraction after the global financial crisis in 2008, while Beijing was logging double-digit GDP growth rates. However, a report by Bloomberg released on Monday indicated that the price of success of China's economic miracle is overworked workers that some were literally dying on their work stations.

The housing affordability across New Zealand has worsened, according to Massey University’s Home Affordability Report. The new report reveals the price of houses in the country will continue to rise in the coming years.

At least 200,000 are now displaced in Paraguay, forced to flee their homes after floods caused by incessant torrential rains inundated the Paraguay and Parana rivers.

Relaxed but looking tired, Pope Francis has resumed to his post as spiritual pontiff of the 1.2-billion strong Roman Catholic faith, appearing on Sunday at a two-hour-long Mass in St. Peter's Basilica. Concerns are growing for the pope's medical situation as he has been abruptly cancelling appointments lately, or at least four times in the last seven months.

An international ratings agency has warned Australia of its "overheating" housing market despite the country's "very high" economic strength.

An international ratings agency has warned Australia of its "overheating" housing market despite the country's "very high" economic strength.

The tallest skyscraper in the Southern Hemisphere would soon rise in Victoria, Australia. The 100-storey tower will stand 319 metres tall upon completion.

Before the still missing ill-fated Malaysia Airlines Flight MH370, there was Asiana Airlines Flight 214 on July 2013. On Tuesday, authorities from the National Transportation Safety Board said the jetliner crashed and killed three people at San Francisco International Airport in 2013 because of human error on the part of its pilots.

Australian owners of light vehicles are now mandated to adhere to new emissions standards that could help the country achieve a year's worth cut of carbon pollution of 59 tonnes by 2030, the Climate Change Authority said on Thursday.

U.S. President Barack Obama may have the most number of followers on online social networking and microblogging service Twitter, but he is not the portal's most influential world leader. Pope Francis is.

In February 2014, Australia's joblessness rate hit 6 per cent, the highest rate since 1997. Employment experts believe that by identifying the hot jobs over the next five years, Aussies could help prevent their becoming unemployed since they could initiate steps this early to shift careers or learn a new trade.

A dentist from Maryland is fuming mad and will sue British Airways after the airline made an erroneous entry into its airline booking system that flew the passenger and his companion to the southern Caribbean island of Grenada, instead of the ancient city of Granada, Spain.

Residents of Canada have been advised to brace for a warm and humid weather, possibly with thunderstorms, as the country celebrates its four-day long weekend, Canada Day from June 28 to July 1.

Investors are piling in as the University of Melbourne and the University of Sydney joins the capital markets.

The ongoing construction work in quake-damaged Christchurch has boosted New Zealand's economy growth to its fastest rate in six years.

China's Ministry of Land and Resources (MLR) has announced the country has increased its 2014 mining quotes on light rare earths at 105,000 tonnes, a jump of 12 per cent from last year. Mining quotas for heavy rare earths and tungsten, in the meantime, were retained at 2013 levels.

Almost 3 million Australians are downloading from Pirate Bay and Kickass Torrent

Japan is set to deploy into outer space two satellites that will specifically monitor the environmental damages made around the crippled Fukushima and Chernobyl nuclear power plants. The lift off will occur from a Russian space centre in the Ural region.

A Brazil-bound Air Canada flight has been forced to return to Pearson Airport in Toronto after security was breached at Canada's largest airport.

US equities extended gains on the back of the Fed meeting, printing fresh record highs, while the greenback lost some ground as yields fell. Most of the results from the meeting were expected, with the Fed tapering by an additional $10 billion and highlighted some positive signs in the US economy. While the Fed sounded upbeat about the economy, it certainly managed to maintain a dovish tone. Despite the tick up in inflation and fall in unemployment, Janet Yellen feels the easy monetary condition...

The US Federal Reserve has reduced its monthly asset purchases by US$10 billion to US$35 billion a month. The Federal Reserve has cut the forecast range for economic growth in 2014 from 2.8-3.0% to 2.1-2.3%. Fed chief Janet Yellen said that weaker-than-expected growth could delay any move to lift interest rates.

A hundred days after it first went missing and with apparently still no end in sight, authorities investigating into the missing Malaysia Airlines Flight MH370 continued to rally on hoping for a glimmer of hope. Australia's Joint Agency Coordination Centre on Wednesday said a new search zone will be released by end of June.