Swift interest rate hikes aimed at containing inflation in product and asset prices could cause another downturn in the slowly recovering economies of the United States and Europe, the head of the World Bank said.
Iran could consider sending its low-enriched uranium abroad, the Foreign Ministry said on Tuesday, apparently softening its opposition to a U.N. plan aimed at keeping a check on its nuclear ambitions.
The World Bank will start a trust fund to boost agriculture in poor countries with an initial $1.5 billion, its president Robert Zoellick said on Tuesday, warning of the risk of another food price crisis.
U.S. President Barack Obama vowed on Tuesday to finish the job of an unpopular and costly eight-year war in Afghanistan, and officials said he could announce an increase of around 30,000 troops next week.
President Barack Obama sought to reassure Indian Prime Minister Manmohan Singh on Tuesday of his commitment to boosting U.S. ties with India even as his administration has set its rivals, China and Pakistan, as top priorities.
J Crew Group Inc reported a quarterly net profit far above Wall Street estimates due to strong autumn sales of clothing and expanded profit margins from depressed year-ago levels.
Top U.S. booksellers Barnes & Noble Inc and Borders Group Inc will pay a price for coming late to market with electronic book readers, analysts said..
The government-run fund that safeguards U.S. bank deposits tumbled to a negative balance of $8.2 billion in the third quarter, as the number of problem banks surged by a third to 552.
American International Group Inc , the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay Chief Executive Robert Benmosche's $7 million compensation, after it laid to rest concerns that he may quit the post.
U.S. central bankers, meeting in early November, said they expected consumers to continue or even boost savings in the next few quarters while anticipating an elevated unemployment rate over the next few years.
Barnes & Noble Inc cut its full-year forecast on expectations of a tough holiday season and high costs for its Nook electronic reader, while rival Borders Group Inc posted a wider-than-expected loss. Shares of both booksellers fell sharply.
Rupert Murdoch has spent months complaining that Google is ruining the newspaper business, and now he wants to do something about it. But, his proposal is a gamble, and one that could hurt News Corp instead of helping it.
Any threat by the United States to slap fees on imports from countries it perceives as weak on cutting carbon emissions could hamper trade relations and delay international efforts to combat global warming.
California on Tuesday released draft rules for its landmark greenhouse gas cap-and-trade plan that will be the most ambitious U.S. effort to use the market to address global warming.
The controversy over a controversial an offensive image of Fist Lady Michelle Obama grew after Internet search leader Google said that the fact that certain images appear in its search engine results does not reflect the opinion of the company.
A federal judge has barred the promotion of a scheme designed to help clients evade taxes on more than $1.25 billion in asset sales, the U.S. government said on Tuesday.
Half of the losses suffered by banks could still be hidden in their balance sheets, more so in Europe than in the United States, the International Monetary Fund's chief, Dominique Strauss-Kahn, was quoted as saying on Tuesday.
Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed.
Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed.
U.S. stocks fell on Tuesday on lackluster economic data in a session marked by low volume and choppy trading, but losses eased after the Federal Reserve raised its expectations for growth in 2010.
Sales of new U.S. single-family houses likely climbed in October, but forecasts varied widely on the impact of the first-time homebuyer tax credit, a Reuters survey found.
Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November meeting released on Tuesday.
