WORLD

The Federal Reserve on Wednesday announced guidelines for evaluating whether or not banks will be allowed to take actions that could result in a diminished capital base in 2011.

Republican Alaska Sen. Lisa Murkowski is the projected winner of her tight race for the Senate against challenger and tea-party-backed Republican Joe Miller.

President Obama, last Saturday in Japan, reiterated his administration’s commitment to Russian President Dmitri Medvedev to get the new START Treaty approved by the lame-duck U.S. Senate before the year is out.

Ireland is “inching closer” to some kind of bailout package from the European Union (EU) and International Monetary Fund (IMF), according to Jan Randolph, director of sovereign risk at HIS Global Insight in London.

Indiana has over 30 coal-burning power plants. The smoke rises and disperses in the air, but its chemical contents do not vanish. They linger in the atmosphere and they return to the earth, and to the waterways of Indiana, with the rain.

A congressional advisory panel has recommended that politicians in Washington D.C. pressure the Obama administration into more forceful action against China for keeping its currency artificially undervalued and, thereby, worsening the trade deficit of the U.S.

Too big to fail is now over and American taxpayers will never be asked to bear the costs of a financial firm's failure, said U.S. Treasury deputy secretary Neal Wolin.

Full-body scanners and the alternative of invasive pat downs are needed to provide security for all air travelers, the top federal transportation security official said Tuesday.

Billionaire investor Warren Buffett praised the U.S. government for bailing out Wall Street and saving the U.S. economy during the height of the financial crisis.

President Obama’s call to make the U.S. an exporting powerhouse (i.e., double their volume within five years), is a plausible goal, according to Milton Ezrati, senior economist and market strategist at Lord Abbett.

A meeting between President Barack Obama and Congressional representatives originally scheduled to be held on Thursday has been postponed until Nov. 30, the White House said on Wednesday, signaling consensus on the extension of Bush-era tax cuts eluded leaders at the Capitol.

Visits to the state of Florida rose in the third quarter of 2010 despite the Deepwater Horizon oil spill.

European officials are working on a bailout for Ireland that could reach 100 billion euros.

Construction of new homes touched an 18-month low in October, falling much more than expected, according to a report by the U.S. Commerce Department.

The US dollar dropped against its major counterparts on Wednesday after data showed October consumer price inflation was slower than expected with housing starts data for the same month also coming in at a weaker-than-expected level.

Commercial and recreational fishing may resume as close as 10 miles from the wellhead of the former Deepwater Horizon oil rig, federal officials said on Monday.

Russian President Dmitry Medvedev is planning an official visit to Israel in January next year, the Haaretz reported on Wednesday. This will be the first Russian presidential visit to Israel in almost five years. It was in 2005 that Vladimir Putin met Ariel Sharon, which improved the bilateral ties between the countries.

The next tranche of aid for Greece will be delayed until January, after the data from the country is released, according to Austrian finance minister.

Tensions are mounting on the rough waters of the East China Sea as both China and Japan refuse to withdraw claims over the disputed isles. There is no end in sight to the crisis with China setting off to embattle the waters, while the Japanese are solidifying their stance. Suffering both domestic and International setbacks in the recent months, Prime Minister Naoto Kan is mired in severe public discontent. With his approval ratings plunging to a new low, Kan, missing no opportunity, reiterated h...

Members of Bank of England's (BoE) policy panel continue to be split three ways over new policies to contain inflation and spur growth, according to the minutes released by the Monetary Policy Committee on Wednesday.

Ireland is open to talks with the European Union and the International Monetary Fund (IMF) over a bailout program for its failed banks, EU Economics and Monetary Affairs Commissioner Olli Rehn said after a Tuesday night meeting of eurozone finance ministers and officials in Brussels.

The US dollar and Japanese yen lost a part of their weighting while that of euro and British pound increased in the basket of currencies that make up the International Monetary Fund's (IMF) Special Drawing Right (SDR), the Fund said on Tuesday. The changes will be effective on January 1 next year.

The United Nations has delayed the shift to international accounting standards to 2012 though it was supposed to have started in 2010 while the UN secretariat said it would implement it from 2014.

The Federal Reserve is likely to spend the entire $600 billion allocated for the second round of quantitative easing (QE2) and is open to a third round (QE3) if the economy performs worse than expected.

According to government figures, in 2008, merchandise shipped into the U.S. by airplane accounted for 20 percent of the nation’s imports, with a value of $417 billion. That’s a great deal of items and only one, or two, would have to explode to have, through terror, a crippling effect upon the nation’s economy, to say nothing of the nation’s spirit.

Federal officials urged states to take action on passing traffic safety laws on Tuesday, as a new study found the United States was lagging in reducing traffic fatalities compared with other high-income nations.

The world’s low-income countries coped much better during the global financial crisis than in past global downturns, according to a new study from the International Monetary Fund (IMF).

New York Fed President William Dudley said loose monetary policy from the Federal Reserve was not the chief cause of the subprime mortgage crisis.

U.S. Rep. Charles Rangel, D-NY, has been found guilty of 11 ethics violations by a House Ethics Adjudicatory Subcommittee today, following about six hours of deliberations.