Moscow is world's priciest city
NEW YORK (AP): MOSCOW HAS eclipsed Tokyo as the world's most expensive city, a new survey says. The Russian capital moved up three spots from a year ago, thanks to a recent property boom, according to a survey released yesterday...

Oil slips below US$71
LONDON (Reuters): OIL SLIPPED under US$71 yesterday as investors balanced higher supplies from Iraq against demand in China and the United States that remains robust despite costly fuel.

US expansion solid - Fed
WASHINGTON (Reuters): THE ECONOMY should perform well this year and in 2007 despite the restraint caused by higher energy prices, the Federal Reserve (the US central bank) said in its 2005 annual report issued on Monday.