UNITED STATES

Bernanke takes his seat to testify about monetary policy before the House Financial Services on Capitol Hill in Washington

Fed Heads, Breaking Taboo, Talk Politics

Two non-voting members of the Federal Reserve Board of Governors have broken a long-standing taboo against wading into politics by publicly talking about how election-year considerations affect the decisions of U.S. central bankers.
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Bernanke quiet on next Fed moves, stresses job crisis

Here’s What Fed May Do Instead Of QE3

The Federal Reserve sent some strong messages in its latest policy statement that it is heading toward new easing measures to buck up the weak economy. But the central bank may have a different caliber of weapon in mind other than launching another round of large-scale asset purchases, or QE3.
Hillary Clinton

Clinton Praises South Africa's Anti-AIDS Efforts; U.S. Will Renew Funding

The U.S. Secretary of State Hillary Clinton, on a visit to South Africa, known globally for its high incidence of AIDS, praised the government's efforts to prevent the spread of the virus. Both the nations will sign an agreement Wednesday to reinstate the U.S. anti-AIDS funding, which was cut back during former South African President Thabo Mbeki's tenure.
Asian Markets

Asian Stock Markets Up On Stimulus Hopes

Asian stock markets advanced for the third straight session on Wednesday as sentiment continued to improve on hopes that the major central banks around the world will soon announce new round of stimulus measures to spur economic growth.
Traders work on the floor of the New York Stock Exchange in New York

Global Economic Worries Weigh Down US Stock Futures

U.S. stock index futures point to a lower open Wednesday as investor sentiment was weighed down by lack of stimulus measures from policy makers around the globe to rejuvenate the faltering economic growth momentum.
Standard Chartered Building

Standard Chartered Sparks Scrutiny of India Offshoring

Offshoring of back-office work to India, a trend among banks and accounting firms, came under new scrutiny with allegations that Standard Chartered Plc moved compliance oversight work dealing with Iranian banking transactions to India to avoid U.S. regulators.
Pfizer, BYU Go To Court In May, Celebrex and Millions Of Dollars At Stake

Pfizer Settles Government Bribery Complaints

Among the charges: Pfizer's China subsidiary was accused of offering a program where doctors could claim cell phones and other goodies based on how many prescriptions they doled out of the company's products.

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