UNITED STATES

IBTimes Logo

U.S. senators want $400 million spent on wind energy

Senators from two Northeast states urged U.S. Energy Secretary Steven Chu to commit $400 million from the economic stimulus package to support an advanced wind energy program, especially for offshore wind projects.
IBTimes Logo

Asia stocks hit 1-month high as bank fears subside

Asian stocks struck a one-month high on Monday as reassurances over the health of the U.S. banking sector sparked a broad recovery in investor appetite for risk, while safe-haven government bonds also gained on hopes for more central bank buying.
More news
IBTimes Logo

Bernanke sees U.S. recovery beginning in 2010

Federal Reserve Chairman Ben Bernanke suggested in an interview to air on Sunday that the U.S. recession could last through the year and said the biggest risk was that the political will needed to fix the fractured financial system could be lacking.
IBTimes Logo

Obama to announce steps to aid small businesses

U.S. President Barack Obama will announce steps on Monday to make it easier for small business owners to borrow money, using $730 million in stimulus funds to cut lending fees, boost loan guarantees and expand other programs, officials said.
IBTimes Logo

Millions in AIG bonuses ignite bipartisan fire

President Barack Obama's top advisers and Democratic and Republican congressional leaders voiced outrage on Sunday that insurer American International Group, recipient of a $173 billion taxpayer bailout, is paying $165 million in employee bonuses.
IBTimes Logo

Rep. Frank wants to see if AIG bonuses recoverable

U.S. Representative Barney Frank, chairman of the House Financial Services Committee, said on Sunday the government needs to determine if millions in employee bonuses at American International Group Inc can be recovered.
IBTimes Logo

OPEC considers full compliance or fresh cuts

OPEC ministers began talks on Sunday to decide whether to set new output targets or stick to existing curbs against a backdrop of swelling oil inventories and a shattered world economy.
IBTimes Logo

OPEC yet to decide on compliance or more cuts

OPEC ministers weighed the options of tighter compliance with existing output curbs or agreeing to new cuts as they prepared to meet Sunday against a backdrop of high oil stocks and a damaged world economy.
IBTimes Logo

G20 backs rescue funds boost

G20 finance ministers promised rescue money for troubled emerging market economies on Saturday and said they would use their full fiscal and monetary firepower to combat the worst downturn since the 1930s.
IBTimes Logo

OPEC to debate compliance versus cuts

OPEC ministers will on Sunday debate whether their best policy is strict compliance with existing output curbs or a new set of cuts as they balance the issues of bulging oil stocks and a bruised world economy.
IBTimes Logo

OPEC ministers to debate compliance versus cuts

OPEC ministers in Vienna this weekend will debate whether the best policy is strict compliance with existing curbs or a new set of output cuts as they balance the issues of bulging oil stocks and a bruised world economy.
IBTimes Logo

World economy could stifle OPEC's urge to cut

OPEC ministers in Vienna this weekend will debate whether the best policy is strict compliance with existing curbs or a new set of output cuts as they balance the issues of bulging oil stocks and a bruised world economy.
IBTimes Logo

Cash-hungry U.S. states turn to Web to auction goods

U.S. municipalities, strapped for cash as the recession decimates revenues, are stepping up sales of everything from old police cars, helicopters and bicycles to confiscated jewelry and slot machines in an effort to reduce swollen deficits.
IBTimes Logo

Freddie Mac urges less fees for home loans

Freddie Mac, the second largest mortgage finance company in the U.S., urged lenders to limit fees for borrowers so they could benefit from President Barack Obama’s housing stimulus plan.test
IBTimes Logo

Obama Reassures China Over Treasuries Worries

U.S. officials tried to reassure Chinese premier Wen Jiabao about his country’s investment $2 trillion investment in U.S. Treasuries after he expressed worries in the light of the current financial crisis.
IBTimes Logo

World Bank urges divided G20 to fix banks

More spending will give only a brief sugar high if G20 nations fail to clean up their banks, the World Bank said on Friday as economic powers struggled to agree a response to the worst downturn in decades.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.