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U.S. Senate Majority Leader Harry Reid moved to force a vote on two nominees to the Federal Reserve Board, setting the stage for a vote as early as this week.
Reid, who filed a procedural motion today, said the U.S. needs a
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The Federal Reserve has for the first time given approval for a large Chinese bank to purchase a U.S. bank. It also gave approval to two other large Chinese banks to expand their operations in the United States.
The Fed board announced Wednesday it was approving the application of the Industrial and Commerce Bank of China […]
The availing process of payday loans no faxing is very simple and convenient as compared to other regular loans.
Egyptian armed forces and protesters clashed in Cairo on Friday, with troops firing water cannons and tear gas at demonstrators who threw stones as they tried to march on the Defense Ministry, a flashpoint for a new cycle of violence only weeks ahead of presidential elections.
It was the second time this week that clashes have […]
Consumer confidence in the U.S. dropped last week by the most in more than a year as perceptions of personal finances and the buying climate dimmed.
The Bloomberg Consumer Comfort Index fell to minus 35.8 in the period to April 22 from minus 31.4 the previous week, the biggest decline since March 2011. A gauge […]
The price of gasoline is less than a dime away from last year’s high.
At an average of $3.90 per gallon, Americans have never paid more at this time of year and prices are expected to keep climbing with two months remaining before the traditional kickoff of the summer driving season.
Prices peaked last year in May […]
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Japanese Finance Minister Jun Azumi said his nation and China will work together to help Europe solve its debt crisis through the International Monetary Fund.
Europe needs a bigger so-called firewall of added funding to contain the crisis, even as Greece shows some improvement in solving its financial woes, Azumi told reporters in Beijing today […]
Passengers stepping out of London Bridge tube station cannot help but crane their necks to gaze at the jagged tower under construction: The Shard is the tallest building in the European Union and looks like a slice of glass balanced on the edge of the financial district.
When the tower opens next year, visitors to the […]
The number of people seeking unemployment benefits fell further in the final week of 2011, a positive sign for hiring one day ahead of Friday’s December employment report.
The Labor Department says weekly applications dropped 15,000 to a seasonally adjusted 372,000 last week. It was the fourth drop in five weeks. The four-week average, which smooths […]
Back in the winter of 2009, when the stock market crash was near its bottom, an editor at the Post-Dispatch gave up in defeat.
“I couldn’t take it any more. I sold everything,” he told me. He had sold all the stock investments in his 401(k).
That put me in a quandary. Should I tell the fellow […]