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U.S. negotiators opened two days of talks with North Korea on Monday saying they were pressing for the communist government to follow the rules when doing business with companies abroad.
Finance leaders of the world's 20 biggest economies called Sunday for greater exchange rate flexibility from countries with large current account surpluses in an apparent reference to China.
The global economy faces a period of uncertainty, with risks to continued growth much higher than they were six months ago, the head of the International Monetary Fund said Monday.
Global economic leaders warned of inflation risks in advanced countries on the eve of the first World Bank meetings since Robert Zoellick took charge of an institution shaken by internal divisions and scandal.
Faced with soaring oil prices, a falling dollar and the worst credit crisis in nearly a decade, the masters of global finance have a simple message for jittery markets: Be calm, we are keeping an eye on things.
The jarring credit crisis has increased risks to the global economy, which nonetheless remains strong overall, Treasury Secretary Henry Paulson said Saturday.
The recent turbulence that has rocked Wall Street and financial markets around the world will be the No. 1 topic when officials from the richest countries gather later this week.
Embattled World Bank President Paul Wolfowitz said Sunday he will continue to lead bank efforts to reduce global poverty, resisting calls to step down over his involvement in securing a huge pay increase for a close female friend.
Finance officials expressed satisfaction Saturday with the robust expansion of the global economy but said more must be done to correct trade imbalances.
A coalition of consumer and civil rights groups says it plans to launch a national campaign Tuesday to highlight what they consider abusive and predatory lending practices in the banking, credit card and mortgage industries.
A federal court on Thursday loosened restrictions on corporations, unions and other special interest groups that run political advertising in peak election season.
Yahoo Inc. is beefing up the finance section of its Web site with more interactive stock charts and other features to help it maintain its longtime lead over rival financial information sites.
They like to spend it, but young people don't know much about how money works.
Online search engine leader Google Inc. is devoting a section of its Web site to information about the stock market and corporate America, filling a gaping product hole as it continues to battle for Internet traffic with rivals Yahoo Inc., MSN and America Online.
It's been another banner year for Goldman Sachs employees. The venerated Wall Street bank spent $20.2 billion this year on employee salaries and bonuses, up 23 percent from $16.4 billion last year, the company said when it reported strong fourth-quarter results Tuesday.
Best Buy continues to stretch the separation between itself and the trailing horde of consumer electronics retailers. The recent collapse of CompUSA can certainly be attributed to the new paradigm of supply created as a result of Best Buy's success.
The predicament Perpetual Investments found itself in last month when it was forced to downgrade its earnings forecast because of problems within a single cash fund is a reminder that not all 'defensive' asset classes are safe havens.
The Australian share market is likely to come under further selling pressure today after more jitters on Wall Street forced share prices on the New York Stock Exchange to slump more than 1 per cent.
The US experienced its own Northern Rock moment recently as over $13bn was withdrawn from Florida's state-run investment pool. Could such a panic actually be the best time to buy in?
After a long house price boom, it's only now that banks are starting to uncover fraud. The truth, of course, is that banks are only 'discovering' mortgage fraud now, because they need excuses to refuse as many applications as possible.
The Melbourne suburb of Glen Waverley, home of Centro Properties and The Glen shopping centre, has today assumed a prominent role in the global credit crunch when a series of shock announcements caused the destruction of $5 billion in largely Australian savings in one morning.
Friday was another losing day for Wall Street. The DJIA finished down 178 points and other major averages followed suit as rising inflation indicators sparked fears that the Federal Reserve Board may have no further room to lower interest rates.
This is one of the first articles I wrote for Newsvine (and one of my best if I do say myself).
US equity markets finished mixed on Thursday, following Wednesday's "dead-cat bounce" from the sharp decline after the Fed intervention on Tuesday. The credit crunch continues to be a major concern for investors, along with today's announcement of growing inflation.
Those who are starting on the film and movie industry often run into an obstacle that is very hard to overcome: The lack of funding.
The top college endowments have more assets than the nation's largest foundations, yet are not required to pay out as much money...see my blog for more.
The scale of global debt reflects a broken financial and commercial system that is doing immense damage to the planet and to public life, says Ann Pettifor
Congress is obligated to provide sound money to the American people. They abdicated that task in 1913. We don't need Congress managing the economy any more than we need the Fed to do it. They'd screw it up even worse, as unimaginable as that is.
Energy guru Amory Lovins lays out his plan for weaning the US off oil and revitalizing the economy in the process.
A thoughtful examination of the problems confronting both investors and managers as they struggle to make US business "greener." Especially interesting for its argument that fiduciary investment vehicles (e.g., pension funds and mutual funds) need to broaden the scope of their c …
The Federal Reserve has cut rates as expected, but falls in US stocks suggested investors wanted more. It's time they realised that rate cuts can't solve the market's problems.
The real image of Christmas in the US will be of shoppers pulling out the last card they haven't maxed out, for one last binge before recession hits...
November was an ugly month for markets, but the future may be a little brighter. Niels C. Jensen of Absolute Return Partners LLP explains the recent market behaviour - and what we can expect in 2008.
No one can deny the housing market's in trouble - and no one's trying to anymore. Instead, everyone's clamouring for rate cuts. Unfortunately, we're doomed regardless of what the bank does.
Tuesday was a disastrous day for US equity investors, as the DJIA shed more than 300 points immediately following the Fed announcement of a rate cut of 25 basis points. Many persons, probably including FOMC members, looked for the market to climb on this word of credit easing.
The bomb in yesterday's speech by RBA governor Glenn Stevens is that market-generated tightening may take care of the inflation problem.
They're not making it easy. As the few weeks left for moves to trim your 2007 income tax evaporate, changes in what the feds allow can upset long-standing plans, while new record keeping can mean more paperwork. And some breaks may be expiring.
We watched Babel last night. Without spoiling anything for anybody who hasn't seen this excellent film, let's just say that its point seems to be that people are basically good, but foolish.
THIS week's announcement by the Singapore Government's Investment Corp that it will inject almost $US10 billion ($11.3 billion) into Swiss-based global bank UBS represents another step in the accelerating shift in financial power from West to East.
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