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US grows at annual rate of 3.5% in third quarter

Oct 30, 2014 at 20:42 | Source: BBC

The US economy grew at an annual rate of 3.5% in the July-September quarter, the Commerce Department has said. That was better than the 3% pace that economists had been expecting and follows the 4.6% growth rate recorded in the April-June quarter. St...

Europe Stocks Fall With S&P 500 Futures as Dollar Gains

Oct 30, 2014 at 18:01 | Source: Business Week

A worker handles a computer controlled cutting machine to build a piece of furniture at Casa Kids' Red Hook facility in the Brooklyn borough of New York, U.S. Fed officials said that “solid job gains and a lower unemployment rate” since t...

Dollar Gains With German Bunds as Europe Stocks Decline

Oct 30, 2014 at 16:01 | Source: Business Week

A worker handles a computer controlled cutting machine to build a piece of furniture at Casa Kids' Red Hook facility in the Brooklyn borough of New York, U.S. Fed officials said that “solid job gains and a lower unemployment rate” since t...

S&P 500 Futures Rise With Dollar as Europe Stocks Advance

Oct 30, 2014 at 14:00 | Source: Business Week

A worker handles a computer controlled cutting machine to build a piece of furniture at Casa Kids' Red Hook facility in the Brooklyn borough of New York, U.S. Fed officials said that “solid job gains and a lower unemployment rate” since t...

The Fed's Fine Line on Inflation

Oct 30, 2014 at 03:56 | Source: Wall Street Journal

A worker at a boat factory in Tennessee. Unemployment has been falling but inflation remains weak, putting the Fed in a tricky position. Bloomberg News. By. Justin Lahart. Justin Lahart. The Wall Street Journal. CANCEL. BiographyJustin Lahart &mi...

US Federal Reserve ends QE stimulus programme

Oct 30, 2014 at 03:32 | Source: BBC

The US Federal Reserve has announced it is ending its quantitative easing (QE) stimulus programme begun in 2008. The Fed said it was confident the US economic recovery would continue, despite a global economic slowdown. The targets for inflation and ...

US Federal Reserve set to end stimulus programme

Oct 29, 2014 at 19:37 | Source: BBC

The US Federal Reserve is expected to announce the end of its quantitative easing (QE) programme later. The Fed's main policy making committee is meeting in Washington, where it is discussing whether to stop buying financial assets with newly cr...

Krishna Bansal, first Indian American to contest as a Republican from Illinois

Oct 29, 2014 at 11:19 | Source: FirstPost

Aurora: Most Indian Americans vote for the Democratic Party and contest elections on that platform. Bucking this trend, an Indian American is contesting for Illinois State Representative from the 84th district as a Republican.Krishna Bansal is contes...

France in new pledge to cut budget deficit

Oct 29, 2014 at 03:42 | Source: BBC

France's finance minister says the country plans to cut its budget deficit by €3.6-3.7bn (£2.84bn, $4.6bn) next year in a bid to meet European Union rules. The minister, Michel Sapin, made the promise in a letter to the European Commission. T...

Ryanair to pay 8.3m euros in damages and fines say French

Oct 28, 2014 at 21:06 | Source: BBC

A French court has ruled that Irish low cost airline Ryanair must pay 8.1m euros (£6.4m) in damages and 200,000 euros in fines for breaches of French labour laws. An appeal court in Aix-en-Provence found the company guilty of paying workers under Ir...

Sweden profile

Oct 28, 2014 at 19:46 | Source: BBC

Sweden's position as one of the world's most highly developed post-industrial societies looks fundamentally secure. Unemployment is low and the economy strong. Public-private partnership is at the core of the Swedish model , which was devel...

High Street branches are still important for Lloyds

Oct 28, 2014 at 17:11 | Source: BBC

Lloyds has announced that it is closing up to 7% of its bank branch network. With figures showing that transactions in branches across the sector are down as much as 30% since 2010, many judge that is a relatively low number. The reason the number is...

Rousseff win rattles Brazil markets, focus turns to economy

Oct 28, 2014 at 01:15 | Source: FirstPost

SAO PAULO (Reuters) - President Dilma Rousseff's narrow re-election victory met with cold reality on Monday as Brazil's financial markets tumbled on doubts that she can restore confidence in the economy and maintain political support in a sharply div...

In narrow win, Brazil's Dilma Rousseff re-elected president for second term

Oct 27, 2014 at 07:40 | Source: FirstPost

Rio De Janeiro: Left-leaning President Dilma Rousseff was re-elected on Sunday in the tightest race Brazil has seen since its return to democracy three decades ago, giving the juggernaut Workers' Party its fourth-straight presidential victory and the...

Brazil votes in tight presidential runoff split along class lines

Oct 26, 2014 at 22:15 | Source: FirstPost

SAO PAULO (Reuters) - Brazilians voted on Sunday in a bitterly-contested election that pits a leftist president with strong support among the poor against a centrist senator who is promising pro-business policies to jumpstart a stagnant economy. Fina...

Italy job reforms: CGIL union organises mass protest

Oct 26, 2014 at 12:17 | Source: BBC

A mass protest is being held in the Italian capital, Rome, against Prime Minister Matteo Renzi's plans for labour market reform. The turnout for the rally, organised by the largest union, the CGIL, was put at up to one million. Mr Renzi has back...

Brazil presidential campaign ends in slugfest over corruption

Oct 26, 2014 at 00:15 | Source: FirstPost

BRASILIA (Reuters) - Presidential candidates traded accusations over political corruption on Friday night in a last ditch attempt to sway undecided voters before Sunday's election runoff in Brazil's closest race in decades.In the final television deb...

Police say New York hatchet attack by Islamic convert was terrorist attack

Oct 25, 2014 at 03:30 | Source: FirstPost

NEW YORK (Reuters) - The hatchet-wielding man who wounded two New York City police officers, critically injuring one, was a self-radicalized convert to Islam who is believed to have acted alone in what police on Friday called a terrorist attack.The s...

Interest rate status quo against majority view

Oct 23, 2014 at 08:52 | Source: Calcutta Telegraph News

Mumbai, Oct. 22 (PTI): Reserve Bank governor Raghuram Rajan had turned down the advice of the majority of external members of the monetary policy advisory committee to cut interest rate and decided to maintain the status quo in the September 30 poli...

China's economic growth slows to more than five-year low

Oct 21, 2014 at 23:42 | Source: BBC

China's economy grew at its slowest pace since the global financial crisis, causing speculation the government may introduce more stimulus measures. Gross domestic product rose by 7.3% in the third quarter from a year earlier, compared to 7.5% i...

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