Finance

  • Detroit showing signs of recovery ahead of bankruptcy trial
    Diaalll 2014-07-20 22:18:51 UTC
    Detroit neighbourhoods are being relit, its vacant homes are being sold off or torn down, its public transportation is cleaner and more often on schedule and the city has renegotiated some burdensome union contracts. In the little more than a y...
  • Obama Announces Expanded Sanctions Against Russia
    Diaalnews.com-obama 2014-07-17 04:57:52 UTC
    The Obama administration is imposing new, deeper sanctions on Russia for its intervention in Ukraine, targeting Russian banks and energy and defense firms. “Given its continued provocations in Ukraine, today I have approved a new set of sanctio...
  • How Germany's 14-Year Plan Destroyed Brazil
    Germany-brazil-diaalnews.com 2014-07-11 19:39:40 UTC
    By the end it was hard to watch Germany’s 7-1 demolition of Brazil. Poor Andre Schürrle, the substitute who came in at striker for Germany in the second half, couldn’t quite celebrate his two goals the way Thomas Müller had when he scored the firs...
  • The Squeeze on Renters Is Getting Worse
    The_squeeze_on_renters_is_getting_worse-diaalnews.com 2014-07-11 19:13:00 UTC
    Summer’s traditionally when moving vans clog the streets as people try to get settled in new homes and apartments before the school year starts. Renters looking for an affordable lease this year may have a tough time finding one. Trulia’s Chief...
  • Puerto Rico: Tropical Tax Haven for America's Super-Rich
    Puerto_rico_old_san_juan-diaalnews.com 2014-06-27 18:57:51 UTC
    It’s 2 a.m. at the La Factoria bar in Puerto Rico’s Old San Juan, a hipster joint with a sagging couch, tile floors, and Christmas lights that wouldn’t be out of place in Brooklyn’s Williamsburg. While Get Lucky plays, tipsy couples slink out the ...
  • Putin’s Economic Model Showing Strain
    Putin 2014-06-27 18:50:56 UTC
    Russia warned Ukraine today that it faces “grave” economic consequences, including potential new restrictions on trade, after President Petro Poroshenko signed a free-trade agreement with the European Union. Such retaliation would certainly har...
  • Obama asking Congress for $500m to train 'moderate' Syrian rebels
    Obama-news 2014-06-27 17:29:03 UTC
    The Obama administration has proposed escalating US involvement in the Syrian civil war, asking Congress for $500m for the US military to train and equip "moderate" Syrian rebels. The request to Congress on Thursday, heralded by Barack Obama's ...
  • Barclays bank sued by New York
    Untitled 2014-06-25 22:54:47 UTC
    The New York attorney general has sued Barclays, accusing the British bank of misrepresenting the safety of its US-based alternative trading system, or "dark pool", to investors. Eric Schneiderman said on Wednesday that contrary to its own assu...
  • Obama encourages employers to adopt family-friendly policies
    110612_aehq_obamawins_640 2014-06-24 06:30:42 UTC
    President Barack Obama is encouraging more employers to adopt family-friendly policies by hosting a daylong summit on Monday, even though the US government doesn't always set the best example. The United States is the only industrialized nation...
  • US manufacturing grows faster than expected in June
    130301_economy_manufacturing_660 2014-06-24 06:30:33 UTC
    The US manufacturing sector grew faster than expected in June reaching levels unseen in four years, according to a key industry report released on Monday. After shaking off the after effects of the US's unusually harsh winter, financial data fi...
  • Federal Reserve cuts growth forecasts
    Diaalnews.com 2014-06-19 05:38:13 UTC
    The Federal Reserve insisted that the US economy is strong enough to withstand a cut to its stimulus program, despite being forced once again to cut its growth forecasts. In its updated economic forecast on Wednesday, the Federal Reserve's pict...
  • Foreign investment into China falls in May
    Qingdaogoldencity 2014-06-17 08:38:06 UTC
    Foreign investment in China fell in May to its lowest level in 16 months, partly due to slowing growth. The government says China attracted $8.6bn (£5.1bn) in foreign direct investment (FDI) in May. That is a 6.7% fall from the same period l...
  • IMF slashes estimate for US economic growth in 2014
    Christine-lagarde-007 2014-06-16 16:17:48 UTC
    The International Monetary Fund slashed its forecast for US economic growth on Monday, citing a harsh winter, problems in the housing market and weak international demand for the country's products. In its annual review of the US economy, the I...
  • India's economic growth at an annual rate of 4.6%
    _75206397_india.chart.b 2014-06-01 06:42:58 UTC
    India's economic growth has remained subdued, due largely to a slowdown in the manufacturing sector, official figures have shown. The economy grew at an annual rate of 4.6% between January and March, below analysts' forecasts and the same pace ...
  • After EU elections - Business as usual?
    Infographic_showing_european_parliamentary_election_results 2014-05-28 12:30:14 UTC
    The euro barely showed any reaction at all to the outcome of the elections for the EU parliament. At 1.36, the exchange rate for the dollar was almost the same on Monday morning as it was on Friday - two days before the polls. In fact, most marke...
  • Hyperinflation Idea: Printing Money for aid
    Dollar-diaalnews.com 2014-05-12 07:00:58 UTC
    In much of the Western world, two highly successful economic policy initiatives are coming to an end. Quantitative easing, the creation of money by central banks to purchase financial assets, is likely to have run its course in most countries by t...
  • IMF approves $17bn Ukraine bailout package
    Christine-lagarde-007 2014-05-01 09:37:13 UTC
    The International Monetary Fund (IMF) has approved a $17.1bn (£10.1bn) bailout for Ukraine to help the country's beleaguered economy. The loan comes amid heightened military and political tension between Ukraine and neighbouring Russia. The ...
  • G7 have agreed to impose new sanctions against Russia
    President-barack-obama-diaalnews.com 2014-04-26 08:21:32 UTC
    The major powers in North America and Europe as well as Japan agreed on Saturday to impose new targeted sanctions against Russia over its role in the Ukraine crisis. "Given the urgency of securing the opportunity for a successful and peaceful dem...
  • US and EU discuss sanctions against Russia: 'We will have to act'
    Putin-diaalnews.com 2014-04-25 17:03:39 UTC
    A statement released by the White House on Friday said that US President Barack Obama had reached a consensus on how to move forward on the Ukrainian crisis, during a conference call involving German Chancellor Angela Merkel, British Prime Ministe...
  • Russia’s Gazprombank Preparing for U.S. Sanctions Over Ukraine
    8330743 2014-04-25 09:21:33 UTC
    OAO Gazprombank executives are readying Russia’s third-largest lender for possible U.S. sanctions as the Obama administration prepares its response to escalating tensions in Ukraine, according to two people with knowledge of the deliberations. ...
  • Russia debt close to 'junk' status as S&P cuts rating, BBB-
    Diaalnews 2014-04-25 08:56:16 UTC
    Russia's debt rating had been cut from BBB to BBB-, international ratings agency Standard & Poor's (S&P) announced Friday. The downgrade means that investments in Russian sovereign debt is only one rating cut away from speculative grade, also kno...
  • Suddenly, Europe Is Taking a Harder Line on Russia Sanctions
    Diaalnews 2014-04-16 01:21:48 UTC
    As violence escalates in eastern Ukraine, Europe is moving toward an action some thought it might never take: the imposition of stringent economic sanctions on Russia. Angela Merkel, the Russian-speaking German chancellor whose country has more at...
  • IMF were "deeply disappointed" if US Congress failure to act
    7aa79dc7604c270e510f6a7067004b10 2014-04-13 01:03:47 UTC
    The 188-country International Monetary Fund concluded weekend meetings with pledges to work toward faster growth that will alleviate still-high unemployment. The United States came in for criticism in that statement. It said officials were "de...
  • Obama Banks on Sebelius Leaving to Take Heat Off Party
    Diaal- 2014-04-11 16:13:26 UTC
    The departure of Kathleen Sebelius from President Barack Obama’s cabinet removes a focal point for criticism over Obamacare’s troubled rollout, right at a moment when the White House can blunt attacks with enrollment numbers that exceeded targets....
  • Unemployment insurance: Boehner may not allow vote on Bill
    Boehner-news 2014-04-09 09:31:30 UTC
    A bipartisan attempt to restore unemployment insurance to more than two million out-of-work Americans appeared likely to fall victim to deadlock in Congress on Tuesday. The Senate passed legislation on Monday night that would temporarily extend...