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Facebook unveils new groups feature

Facebook has introduced new features aimed at giving users more control over their information and who can see it. The biggest change will allow users to map their offline life to the online world through small groups. Users will also be…

IMF sees higer deflation risk

The risk of a destabilizing bout of deflation has grown as the United States and other countries struggle with weak economic recoveries and lingering financial problems. That assessment, contained in a new International Monetary Fund…

Gold hits new record high price

Gold pushed to a fresh record high just below the key $1,350 level on Wednesday, riding on dollar weakness and market anticipation that the U.S. Federal Reserve may ease policy to stimulate economic growth. Spot gold rose as high as…

Oil prices rise above $83 per barrel

Oil prices rose above $83 a barrel Wednesday in Asia amid rising global stock markets and a weakening U.S. dollar. Benchmark oil for November delivery was up 30 cents to $83.12 a barrel at late afternoon Singapore time in electronic…