News and Finance

India can gradually start raising interest rates as Asia’s third-largest economy is among the first to recover after the global financial crisis, the International […]

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Japan’s economy is far from achieving self-sustained growth as the export-led recovery fails to spur spending at home, according to Kazuo Momma, the Bank […]

The Federal Reserve proposed a program to sell term deposits to banks to absorb some of the banking system’s $1 trillion in excess reserves […]

Indian Prime Minister Manmohan Singh said on Sunday there was no substitute to the U.S. dollar for replacement as the global reserve currency.
“As far […]

Commercial finance company CIT Group Inc and a group representing its bondholders have agreed on changes to the company’s proposed restructuring plan as it […]

General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada’s Magna after months of fraught negotiations that […]

New York Attorney General Andrew Cuomo threatened on Tuesday to file charges accusing top Bank of America Corp executives of failing to disclose essential […]

Stocks rallied Thursday, with financial and technology shares spearheading the advance as a report showing surprise growth in the manufacturing sector and gains in […]

The service sector contracted in June, but at a slower pace than in May, according to a report released Monday.
The Institute for Supply Management’s […]

President Barack Obama’s White House staff appears to be safe from a tax increase, for now.
The White House on Wednesday issued its annual report […]