World Bank Cuts Global Economic Outlook Despite Oil Price Drop
World GDP growth will reach 3.3 percent in 2016, compared to a June forecast of 3.5 percent, before dipping to 3.2 percent in 2017, it said.
Japan Govt Approves Record $812B Budget; Deficit-Halving Goal In Sight
The largest budget item, social welfare spending, will rise 1 trillion yen to a record 31.53 trillion yen.
Venture Funds Raised $29.8 Billion In 2014, Most Since 2007
Analysts say strong IPO prospects helped spur interest in the private equity market.
President Obama Proposes New Laws To Combat Growing Cyberthreat To US Industry
The president wants to encourage companies to share breach information with the feds by affording them liability protection, but the plan raises fears.
More news
China December Exports Beat Expectations, But Pressures Persist
Exports rose 9.7 percent from a year earlier in dollar-denominated terms, while imports dropped for a second month in a row by 2.4 percent.
Venezuelan Shortages, Long Lines Spark Violence, Arrests
President Nicolas Maduro says right-wing agitators and Venezuela's elite are trying to topple him.
Alcoa Inc. (AA) Stock Price Jumps On Positive Q4, But Analysts See Mixed Earnings Season As Oil Prices Slide
Alcoa posted strong kick off to earnings season Monday, but corporate results are broadly expected to show challenges of cheap oil.
Earnings Preview: JPMorgan Chase & Co (JPM), Bank of America Corp (BAC), Goldman Sachs Group Inc (GS)
JPMorgan Chase is first of six major U.S. banks scheduled to post quarterly earnings results this week.
Wall Street’s Week Ahead: Dow Jones Industrial Average Tumbles Ahead Of Earnings Season
Economists are preparing to sort through a slew of data points that will reveal the overall health of the U.S. economy.
Public Pension Returns Inflated By Bogus Private Equity Returns: Study
New data suggest Wall Street firms are cooking the books and jeopardizing the retirement security of pensioners.
Russia Ruble Crisis: Currency Continues To Fall, Ukraine Conflict And Falling Oil Prices To Blame
Russia's ruble has been the world's worst-performing currency since Russia annexed Crimea in March.
Sony Hack: Sanctions Against North Korea Likely To Be Ineffective, Experts Say
Economists and foreign-policy experts say sanctions "make us feel good without altering behavior."
Japan Readies Record $800 Billion Budget For 2015-16, Sources Say
Japanese Prime Minister Shinzo Abe's draft budget for the coming fiscal year reportedly totals 96.3 trillion yen ($813 billion).
Will White House Free Community College Plan Put Students To Work?
Getting students into community college is one thing. Getting them to graduate is another.
Russia Says Ukraine Violated Terms Of $3B Loan, May Demand Early Repayment
Russian Finance Minister Anton Siluanov says his country has legitimate grounds to demand immediate repayment of the debt.
Despite Falling US Unemployment, Numbers Of Long-Term Unemployed And Those Who’ve Given Up On Work Remain High
The unemployment rate fell in December, but in a lame post-recession recovery millions remain at the margins.
Charlie Hebdo Attack: France’s Economy Won’t Suffer, Experts Say
The Charlie Hebdo terror attacks won't hurt France’s recovering economy, experts say.
Infosys Reports 13% Profit Growth, Commits To Post-Outsourcing Strategy
The company said it aims to move beyond traditional outsourcing and into advanced digital services to sustain the momentum.
Jobs Report December 2014: US Economy Added 252,000 Jobs Last Month, Unemployment Rate Falls To 5.6%
U.S. jobless rate falls from 5.8 percent to 5.6 percent. Hourly wages decline by 5 cents an hour. Long-term unemployed unchanged.
Why China Just Made A $20B Investment In Venezuela
Some analysts say this is less of an authentic investment and more of an "extend-and-pretend" debt restructuring.
European Shares, Dollar Dip Ahead Of Payrolls
More weak data from Europe ensured shares worldwide were set to end their first full week of 2015 in the red on Friday.
Sturdy US Employment Gains Eyed; Jobless Rate Seen At 5.7 Percent
The unemployment rate is forecast slipping one-tenth of a percentage point to 5.7 percent in December, which would be the lowest since June 2008.
German Economy Stutters As Exports And Production Drop
Most economists expect Germany to post only modest growth in the fourth quarter, rounding off a disappointing year.
Narendra Modi Government To Raise $25B For Green Energy Funds: Report
The Indian government has set a target of generating 15 percent of its domestic power from renewable energy sources by 2020.
China December Inflation Near Five-Year Low, More Policy Easing Seen
China's annual consumer inflation hovered at a near five-year low of 1.5 percent in December, signaling persistent weakness in the economy.
Obama Housing Recovery Plan Is Meager Step Toward Post-Recession Recovery, Economists Say
The White House plan to lower premiums on federally issued mortgages will boost homeownership but doesn't do enough to reinvigorate the market.
Why Coca-Cola Is Laying Off Executives At Its Atlanta Headquarters
The 129-year-old stalwart beverage company has had a rocky year, and 2015 is considered “critical.”
Chimerix Ebola Drug Brincidofovir Begins Testing In Liberia
Amid the “unprecedented” outbreak, health officials are conducting drug trials on Ebola patients in West Africa.
Soros Urges Giving Ukraine $50B Of Aid To Foil Russia
The IMF has cobbled together a $17 billion program for Ukraine but says $15 billion more is needed.
Global Stocks And Dollar Rise After Fed, Euro Near Nine-Year Low
The dollar hit a new nine-year high and stocks worldwide headed for their first back-to-back rise of the year on Thursday.
India Woos Wealthy Expats, But Will They Invest In The Country Of Their Origin?
Even as India continues to woo its wealthy expats to attract investments, the latter may not oblige.
Fed Looks Past A World In Turmoil, Confident In US Recovery
The trade deficit shrank in November to less than $40 billion, providing a boost to growth as Americans spent less on imported oil.
China's Xi Woos Latin America With $250B Investments
Leaders of CELAC gathered in Beijing for the first time for a two-day forum on Thursday.
Eurozone Deflation May Be The Final Push For European Central Bank Bond-Buying Plan
Deflation in the eurozone is likely the final push the ECB needs to pull the trigger on quantitative easing, despite Berlin's resistance.
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