China shadow looming, Taiwan’s Ma set for 2nd term

Taiwan President Ma Ying-jeou has leveraged growing economic ties with China to reduce tensions to their lowest level since the two sides split in 1949. China’s incessant effort to draw the democratic island closer politically has been on the back burner, and as Ma’s second term begins Sunday the question is whether he can keep […]

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Fed approves Chinese bank purchase of US bank

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 […]

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Wall Street Journal remains No. 1

NEW YORK • U.S. newspapers reported a slight increase in circulation over the past year as more readers purchased digital subscriptions, according to a media industry group. Average daily circulation in the six months that ended on March 31, rose nearly 1 percent for the 618 newspapers that participated in the Audit Bureau of Circulations […]

Hollande Criticism Shows He Doesn

Francois Hollande

Consumer Comfort in U.S. Falls by the Most in More Than a Year - Bloomberg

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 […]

Yahoo CEO: ‘We don’t need to reinvent who we are’

New Yahoo CEO Scott Thompson is the latest leader to promise a splashy turnaround — and though it’s an old party line by now, the earnings for his first full quarter on the job were upbeat.
Yahoo (, Fortune 500) pulled in 23 cents a share on $1.07 billion in sales for the first quarter, […]

New-home construction takes a pause

After a strong start to the year, home builders have pared back, according to a report from the Census Bureau.
The number of new homes that began construction in March fell 5.8% to an annualized rate of 654,000 compared with February, the bureau said Tuesday. Housing starts were up year over year, however, by 10.3%. […]

Canadian banks the safest in the world, Moody

OTTAWA

Analysis: How low can U.S. jobless rate really fall?

Gary Feeman has been searching for a job for 16 months. He’s not ready to give up just yet, but the 60-year-old worries he is running out of options.
Feeman is among the more than 5 million Americans who have been out of work for more than six months and who represent the heart of […]

Taxpayers as Greek Creditor Put Onus on Politicians: Euro Credit - Bloomberg

European taxpayers hold most Greek public debt in the wake of last month