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The SCO summit is likely to see India, which is now an observer of the grouping, acquire full membership.

The data, outlined in Freddie Mac’s Primary Mortgage Market Survey, indicated that The 30 year averaged 4.15 percent in the same week a year ago. The lower rates brought an incentive for prospective purchasers toward the end of the spring home buying season. Homeowner...

McFarlane will need to quickly address some major challenges including a requirement for the bank to separate its United Kingdom retail business from riskier activities to meet new regulations.

Throughout the current Joint Typhoon Warning Center (JTWC) 5-day forecast, Nangka is not expected to impact any inhabited islands, though it is possible that the US Commonwealth island of Saipan may experience tropical storm force winds later in the week if Nangka’s track...

But it is hardly at odds with the general directional change in the outlook of Prime Minister Narendra Modi towards Israel – a solicitous turn which appears to go beyond India’s weapons purchase relationship with Tel Aviv.

As for Greece, as Ambrose Evans-Pritchard noted in The Daily Telegraph, we may have reached “a cataclysmic end that nobody planned, nobody seems able to escape, and that threatens to shatter the great European order in the process”. However it’s unlikely to...

It raised hopes that Greece can get the rescue deal that will prevent a catastrophic exit from the euro after key creditors said they were open to discussing how to ease the country’s debt load, a long-time sticking point in their talks.

British energy giant BP has agreed to settle USA federal and state claims amounting to Dollars 18.7 billion over the 2010 Gulf of Mexico oil spill.

Meanwhile, the China Association for Public Companies urged shareholders and company executives “to buy back, increase their shares and other measures to stabilise the companies’ share price”.

The typhoon is forecast to move northwest at a speed of 10 km per hour, and will probably hit the coast of the two provinces Wednesday night, the National Meteorological Centre (NMC) said. Linfa came ashore on Sunday morning, Philippines time, in the northern part of Luzon with...

It cut its global growth forecast to 3.3 per cent for 2015 – that’s 0.2 percentage points lower than it predicted in April, although the figure is expected to rise to 3.8 per cent next year. The strong dollar has fomented trouble for many emerging-market economies and...

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing an investor flight to safety for USA Treasuries is pushing average fixed mortgage rates lower and helping to keep buyer activity strong toward the close of the spring homebuying season.

Germany’s exports grew unexpectedly in May, taking the trade surplus to a record high, data from Destatis revealed Thursday. The imports were also on the rise and increased 0.4 percent to 79.3 billion euros with a trade surplus of 22.8 billion euros.

Meteorological authorities forecast Linfa will move toward the coastal area between Guangdong and Fujian provinces.

U.S. initial unemployment claims rose to 297,000 in the week ending 4 July, an increase of 15,000 from the previous week’s revised level, the U.S. Department of Labor said today.