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More than a hundred of sellers and buyers on Alibaba's Tmall and Taobao platforms were on-hand at Alibaba's headquarters in the city of Hangzhou in Zhejiang to share the announcement that Alibaba has already processed 3-trillion yuan worth of sales t

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WASHINGTON, June 5 (Xinhua) -- U.S. fixed mortgage rates rose for the first time in six weeks after hitting a seven-month low amid a slowdown in the housing recovery, mortgage buyer Freddie Mac said Thursday. The 30-year fixed-rate mortgage (FRM) edg

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President Bush is sending Secretary of State Condoleezza Rice to Georgia to show support for the embattled president there. He's also launching a humanitarian mission with the Pentagon in the lead. NPR's Michele Kelemen reports. President Bush says

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WASHINGTON, May 15 (Xinhua) -- U.S. builder confidence for newly- built, single-family homes fell to the lowest level in a year in May as the recovery of housing market is cooling, a leading industry report said Thursday. The builder sentiment index

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Wall Street drops on 2-year bull anniversary

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