Mexico economic growth has been strong in the wake of the Great Recession, thanks in large part to its fiscal and monetary discipline, said Dallas Federal Reserve Bank chief Richard Fischer in a speech in New Mexico.
Among the victims of the Syrian uprising are a number of western journalists, the only independent witnesses remaining in the besieged city. Their plight was highlighted after the renowned war correspondent Marie Colvin, 56, and French photographer Remi Ochlik, 28, were both killed when a rocket hit their makeshift media center in the middle of Homs last week.
China's engagement in resolving the euro zone debt crisis has been a topic of contention. High-profile Chinese leaders, such as Vice Premier Wen Jiabao and Vice President Xi Jinping, have reassured the European countries that China would invest in alleviating the debt. However, a financial plan has yet to be communicated.
Apple has its feet firmly on the ground though Proview is trying to drag the tech giant into the quicksand with the iPad trademark dispute which is brewing in China, and now in the U.S. The Cupertino-based company announced Tuesday that it will hold a special event on March 7 at Yerba Buena Center for the Art in San Francisco. The media invite for the event, which will kick off at 1pm ET, read, “We have something you really have to see. And touch.” The invite shows the bottom of a device, which...
Proview Technology has filed a lawsuit against Apple, saying that the California company has committed fraud and unfair competition. The China-based technology company accused Apple of misrepresenting itself when securing the iPad trademark, according to The Washington Post.
Standard & Poor's has announced that its rating on Greek sovereign debt has been downgraded to selective default, subsequent to agreement by banks to write off more than half of their Greece debt holdings.
A Canadian company's decision Monday to proceed with part of a U.S. pipeline might end up muffling one of the Republicans' loudest arguments in this election year: that President Barack Obama has pursued failed energy policies.
Mexico's Cemex said on Monday it plans to exchange some of its debt for longer maturities in a deal that could help one of the world's leading cement makers save millions of dollars.
TransCanada officials announced Monday they have sent the U.S. Department of State a letter announcing they will soon reapply for a permit allowing the construction of the Keystone XL pipeline.
BP, Britain's No. 1 oil company is said to be negotiating a $14 billion settlement for the Deepwater Horizon explosion that killed 11 workers and fouled the Gulf of Mexico for months in 2010.
Mexican billionaire Carlos Slim's mining company Frisco said on Monday its fourth-quarter net profit had nearly quintupled from a year earlier.
Sweden said on Monday it had not added to its gold reserves in January, even though data from the International Monetary Fund on Monday showed a sharp rise in Stockholm's bullion holdings.
The trial on the compensation for the Gulf of Mexico oil spill in 2010 has been delayed until March 5 with negotiations continuing on what should be the amount that BP should be paying.
British oil giant BP Plc and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion settlement that is nearing completion, Bloomberg said, citing three people familiar with the talks.
The start of the liability trial for the BP 2010 Deepwater Horizon explosion that killed 11 workers and fouled the Gulf of Mexico for months, has been delayed for a week allowing more time for embattled BP and fellow defendants to broker a settlement with U.S. prosecutors.
With gasoline prices already approaching a distinctly unseasonal $4 a gallon in a presidential-election year, the United States is considering tapping its Strategic Petroleum Reserve as one way to control the prices of crude oil and its derivatives. Herewith is a look at past SPR loans and sales.
The German government will decide whether to boost the European bailout fund in March and its parliament is very likely to support any decision for more resources, Finance Minister Wolfgang Schaeuble said on Saturday at a meeting of finance officials from the Group of 20 economic powers.
Bank of Japan Gov. Masaaki Shirakawa said on Saturday policy makers are closely watching the impact of looser monetary policy on crude-oil prices. Along with the European Central Bank and the U.S. Federal Reserve, the Bank of Japan is taking unconventional steps to boost the economy.
The world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the open job.
A planned U.S. ban on banks trading for their own profit could hamper monetary policy and the ability of financial firms to manage risk unless foreign government debt is exempted, a top Citigroup executive said on Saturday.
A rally on Wall Street will be put to the test next week, with the S&P 500 at its highest level since before the collapse of Lehman Brothers in 2008.
A rally on Wall Street will be put to the test next week, with the S&P 500 index at its highest closing level since before the collapse of Lehman Brothers Holdings Inc. in 2008 and the European Central Bank about to flood the financial markets with a new wave of cheap money.
