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Magnitude 5.8 earthquake strikes southwest coast of New Zealand

Amagnitude-5.8earthquakestruckafewhundredkilometersoffsoutherncoastofNewZealandonWednesday,causingmoderateshakingnearInvercargill,thesouthern-mostcityinthecount

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US economy: tighter job market, muted inflation pressure

US economy grows at moderate pace in June, with tighter labor market and muted inflation pressure, according to the latest survey results released by the Federal Reserve on Wednesday.

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Egypt seeks solutions for combating terrorism

​Egypt has been facing escalating waves of terrorist attacks since the ouster of Islamist president Mohmed Morsi last year, and officials believe better education and moderate religious teachings can help counter terrorism.

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U.S. Fed report shows "modest to moderate" growth since April

The U.S. Federal Reserve said on Wednesday that the country's economic activity grew "at a modest to moderate pace" from April through mid-May, boosted by housing recovery and steady growth in consumer spending.