(Financial Times) — The Opec oil cartel, led by Saudi Arabia, will pocket a record of more than US$1tn in net oil revenues in 2012 as the annual average price for Brent, the benchmark, heads […]
(Reuters) – The Federal Reserve, announcing a new round of monetary stimulus, took the unprecedented step on Wednesday of indicating interest rates would remain near zero until unemployment falls to at least 6.5 percent. It […]
(CNSNews.com) – Labor Secretary Hilda Solis on Thursday announced a $2.2 million grant that will be used to strengthen budding labor unions in Haiti and Peru. The taxpayer money will fund projects organized by the […]
(CNSNews.com) – In one of its last actions of the year, the United Nations General Assembly on Christmas Eve agreed to extend for another three years the formula that has U.S. taxpayers contributing more than […]
(CNSNews.com) – The Social Security program ran a $47.8 billion deficit in fiscal 2012 as the program brought in $725.429 billion in cash and paid $773.247 for benefits and overhead expenses, according to official data […]
NEW YORK (CNNMoney) — It’s been about 18 months since the sovereign debt crisis in Europe began attracting attention in global financial circles. In that time, the crisis has grown into the biggest challenge the […]
Ben Bernanke’s decision this month to tell the world US interest rates would remain near zero until unemployment fell below 6.5 per cent is possibly the most pivotal comment for sharemarket investors in four years. […]
The Consumer Financial Protection Bureau (CFPB) has reworked one of its first initiatives on international money transfers after facing industry pushback. The CFPB announced Friday revisions to its rules on so-called remittances to ensure that […]
Barack Obama‘s decisive victory over Mitt Romney in the presidential elections has cemented the future path of monetary policy under Ben Bernanke. After unveiling a fourth round of long-term asset purchases, or quantitative easing, and […]
Neither the Obama administration nor congressional Republicans want to increase taxes on everyone, but most workers are likely to see lower take-home pay in 2013, eating away at economic growth. The White House, in its […]
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