A US grand jury has brought espionage charges against five Chinese military officials for allegedly targeting six US companies and stealing trade secrets, publicly accusing China of cyber-spying for the first time.

Wall Street closed a quiet session with a moderate advance today, with energy and other commodities companies leading the market as oil prices extended their record-breaking run.

Investors pulled their cash out of the United States stock market today, leaving prices sharply lower after the Federal Reserve confirmed Wall Street’s fears that inflation poses an increasing threat to the economy.

Stocks in the United States retreated today after a report on November employment revealed disappointing job growth and Intel Corp issued a forecast that fell short of expectations.