Huntsman to quit Republican presidential race

Republican presidential hopeful Jon Huntsman will drop out of the White House race on Monday and endorse front-runner Mitt Romney, a senior campaign official said.

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Oil trades near 4-week low as Europe outlook counters Iran supply threat

Oil traded near the lowest price in almost four weeks as speculation that measures to quell Europe’s debt crisis are failing countered Iran’s call for support to defy a ban on its crude exports.

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Brighter outlook for Australia’s housing market

The number of home loans approved in November has beaten market expectations and the prospects for 2012 look good, economists say

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