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Zimbabwe's main opposition party won the vote for parliament's speaker on Monday, dealing a blow to President Robert Mugabe in a post-election power struggle.

United States President George Bush has issued a strongly worded statement urging Russia not to recognise Georgia's two breakaway regions of Abkhazia and South Ossetia as independent states.

The New Zealand sharemarket was flat on Thursday. The Australian stock market closed lower.

Republican Party Presidential candidate John McCain warned on Wednesday that Russia's invasion of Georgia was a stark reminder the world is a dangerous place and demands experience in the White House.

Problems in the US housing market have pushed mortgage finance company Fannie Mae deeper into the red: it made a net loss of $US2.3 billion in the three months to 30 June.

The CNMI House of Representatives has adopted a resolution asking the federal government to help finance efforts to solve the Commonwealth's power crisis. The document also asks the U.S. Army...

About a dozen houses have severe flood damage in the township of Amberley in north Canterbury. A heavy rainfall warning has now been issued for eastern Otago.

The country's main banks have moved to reassure customers that the New Zealand banking sector is on solid ground.

The US Congress has approved a massive housing market rescue bill, setting up a $US300 billion fund to help thousands of homeowners get cheaper loans.

Britain's ruling Labour Party lost one of its safest parliamentary seats, results showed on Friday, deepening doubts within the party about Prime Minister Gordon Brown's ability to win the next…

An Australian author, Brian Darcey, believes Papua New Guinea's Bougainville crisis was triggered by a blunt response from the then Australian minister of mines to a question from a local...

A report by forecasting firm Access Economics predicts Western Australia will grow by 6% in the next 12 months to become the fastest-growing economy in Australia.

Stronger demand than usual is reported for a $US3 billion debt sale by US mortgage company Freddie Mac on Monday. Freddie's treasurer said the sale was "business as usual".

Pope Benedict is to apologise for a sexual abuse scandal in the Catholic Church in Australia. The Pope is due to arrive in Sydney on Sunday afternoon. He says paedophilia is "incompatible" with being…

One of the largest mortgage lenders in the United States, the IndyMac Bank, has collapsed due to a liquidity crisis. It is reportedly the second-largest financial institution to fail in US history.

After weeks of wrangling, the United States Senate on Friday completed work on its plan to save hundreds of thousands of American homeowners and their families from foreclosure and sent it to the…

Regulators in the United States have taken over the running of California based mortgage lender IndyMac following a run on deposits.

America's top mortgage finance companies, Fannie Mae and Freddie Mac, have said their finances can withstand the housing crisis, despite turmoil in the share prices on Friday.

Regulators in the United States have taken over the running of California based mortgage lender IndyMac following a run on deposits.

The CNMI House of Representatives has passed a bill restricting the governor from exercising his executive power to declare a government agency under a state of emergency unless the situation...

The Senate Ways and Means Committee pushed forward a bill yesterday to provide loan guarantees to local airlines, including Hawaiian Airlines, Go! and Island Air. The Honolulu Star Bulletin reports...

The Nauru Speaker, Opposition MP David Adeang, is again pressing the Government to call elections, to end the country's political crisis. The 18 member Parliament is split nine/eight with Mr...

A landslide in Indonesia's Papua province has killed at least 10 people after heavy rain caused a hillside to collapse onto a complex of houses. A local police official says...

A Republican senator in Guam says his two bills aimed at reorganising public agencies will go to committee hearings next week. Senator Frank Ishizaki says the two bills seek to...