WASHINGTON - Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as 2 percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.
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NEW YORK - U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market.
MOSCOW - Vladimir Putin risks becoming an international pariah over the Ukraine crisis but the Russian president is battening down the hatches for the gathering economic and political storm.
WASHINGTON - Republicans have no plans to begin impeachment proceedings against President Barack Obama, House of Representatives Speaker John Boehner declared on Tuesday, putting the blame on Democrats for stirring up pre-midterm election tensions in Washington.
KABUL - Afghan President Hamid Karzai's powerful cousin, a close ally of presidential candidate Ashraf Ghani, was killed in a suicide bomb attack on Tuesday, officials said, deepening strains over an election marred by fraud and under a U.N.-monitored review.