The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.
Fed plans new rules to protect future homebuyers
A joint gathering of major developed and developing nations on Wednesday agreed that climate change was "one of the great global challenges of our time" and pledged to back a United Nations effort to conclude new climate pact by 2009. The major economies said they supported longterm and midterm goals for greenhouse-gas reductions, but endorsed no targets.
US, allies want global pollution slashed _ by 2050
Oil prices rebounded Wednesday in Asia from a tumble of more than $5 in the previous session after Iran test-fired nine missiles, renewing fears of a conflict that could cut global oil supplies.
Oil extends slide into 2nd day, losing over $5
