Developing Nations To Name 2 Candidates To Head World Bank
Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday.
US Housing Starts Dip In Feb; Permits Rise
U.S. housing starts fell in February, but permits for future construction jumped to their highest level since October 2008, according to a government report on Tuesday that showed steady improvement in the housing market.
Multiple Explosions Across Iraq Kill At Least 43
At least 16 near-simultaneous explosions struck cities and towns across Iraq on Tuesday, killing at least 43 people and wounding more than 200, despite a massive security clampdown ahead of next week's Arab League summit.
EU Considers New Controls For Shadow Banking Sector
The European Commission is widening its regulatory sweep to include "shadow" banking, heralding new controls over the sprawling and largely unchartered 46 trillion euro ($61 trillion) sector blamed for helping trigger the financial crisis.
Greek Debt Insurance Auction Underscores Investor Concern
Early bids at an auction to decide the payout due to Greek bondholders who are insured against default showed investors fear for the country's financial future even after a debt restructuring and aid packages.
North Dakota: Site Of A Natural Gas And Oil Fracking Boom
Collapsing natural gas prices have yielded an unexpected boon for North Dakota's shale oil bonanza, easing a shortage of fracking crews that had tempered the biggest U.S. oil boom in a generation.
GOP Race: So Far, A Lot Of Sound And Fury Signifying Very Little
To date, the 2012 Republican Party presidential-nomination process has been dominated by a faction that wants to nominate a conservative, but the least conservative candidate remains the GOP’s strongest: Mitt Romney.
US Stocks: Dow 13,000 - Market Top or Pit Stop?
You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, despite the Dow Jones Industrial Average's (DJIA) recent rise to 13,000. Where's the Dow headed in the next three months?
Euro Zone May Increase Bailout Fund To €700 Billion: Officials
The euro zone may raise the combined lending power of its bailout funds to close to 700 billion euros from 500 billion in a trade-off between German opposition to committing more money and calming markets, euro zone officials said.
US, UK Agree To Emergency Oil Release
Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices from derailing economic growth in an election year.
Russia Trade Bill No 'Slam Dunk': GOP's Kyl
A senior Republican senator on Thursday warned the White House that passing legislation to bolster trade relations with Russia won't be a slam dunk because of concerns over that country's record on human rights and foreign policy actions.
U.S. Seeks To Ease Concerns Over F-35 Delays, Rising Cost
The United States sought on Thursday to allay concerns over delays and escalating costs for its new F-35 fighter, telling its eight partner nations there would be no further delays in the rollout of the radar-evading aircraft.
Soldier Accused Of Afghanistan Villager Killings Flown Out Of Country
The U.S. staff sergeant who killed over a dozen Afghan villagers this week has been flown out of Afghanistan, the Pentagon said on Wednesday.
Developed World GDP To Rev-Up In 2012 On Monetary Intervention: Poll
Developed economies will pick up steam this year thanks to an array of ultra-loose monetary policies from major central banks and amid new signs of progress in the euro zone's debt crisis, a Reuters polls found.
U.S. May Share Secret Missile Shield Data With Russia
The Obama administration is leaving open the possibility of giving Moscow certain secret data on U.S. interceptor missiles due to help protect Europe from any Iranian missile strike.
Bernanke Says Fed To Make Bank Rules More-Clear
The Federal Reserve will try to make it clearer whether new banking rules apply to small lenders, Federal Reserve Chairman Ben Bernanke said in remarks on Wednesday.
JPMorgan Passes Stress Tests, To Buyback Up To $15B Of Stock
JPMorgan Chase & Co became the first bank on Tuesday to say regulators have completed stress tests of its balance sheet and approved a dividend increase and stock buybacks.
US Asks Saudi Arabia To Boost Oil Output For Summer
The United States is pressing Saudi Arabia to boost oil output to fill a likely supply gap arising from sanctions on Iran, Gulf oil officials said, adding that an increase in production is unlikely to be needed before July.
Big 4 Auditors Spent More Than Ever On U.S. Lobbying
The world's largest accounting and auditing firms, known as the Big Four, have been pumping more money than ever before into U.S. lobbying and political campaigns as they confront new challenges from their regulator and Congress.
Greece Needs To Cut Spending More: EC
Greece will have to slash a further 5.5 percent of GDP in government spending in 2013 and 2014 to meet agreed fiscal targets underpinning the second international bailout for Athens, a European Commission report said.
February U.S. Retail Sales Rise Most In 5 Months
Retail sales recorded their largest gain in five months in February as Americans snapped up motor vehicles and bought a range of goods even as they paid more for gasoline, government data showed on Tuesday.
Clinton, UN Slam Syria Over Violence; Russia 'Concerned'
U.S. Secretary of State Hillary Clinton accused Syrian President Bashar al-Assad on Monday of cynically launching new military assaults while meeting with U.N.-Arab League envoy Kofi Annan over the weekend.
WTO Judges Fault Boeing Subsidies: Sources
The World Trade Organization has broadly upheld a ruling that Boeing Co (BA.N) took billions of dollars of unfair subsidies, breathing new life into an epic trade spat that has already faulted European aid to Airbus, people familiar with the matter said.
OPEC Pumps Record Volumes Despite Iran Slide
Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production.
Greece Optimistic As Bond Swap Deadline Approaches
Greece moved closer on Thursday to concluding a bond swap deal with private creditors that it desperately needs to stave off a messy default and buy time to repair its exhausted economy.
ECB Keeps Interest Rates The Same: 1.0%
The European Central Bank held interest rates at 1.0 percent for the third month running on Thursday, pausing to assess the impact of a dramatic sweep of measures that has unsettled some at the bank.
FBI Arrest 3 Suspected LulzSec Hackers: Source
The Federal Bureau of Investigation has arrested three suspected members of the hacker group LulzSec and charges will be made public against two more, a law enforcement official told Reuters on Tuesday.
Euro Zone GDP Down 0.3% in Q4
A collapse in household spending, exports and manufacturing sucked the life out of the euro zone's economy in the final months of 2011, the EU said on Tuesday, showing the scope of the downturn that looks set to become a fully fledged recession.
GOP: Generations-Outdated Policy
With the U.S. economy showing signs of strengthening due to Keynesian economic policies, the Republican Party should do itself a favor: stop offering ineffective economic policies and quit while it's behind.
Facebook Adding More Banks to IPO: Sources
Facebook Inc will add more banks in coming weeks to help underwrite the company's initial public offering, two sources familiar with its plans said on Friday.