Strong earthquake in New Zealand, no damage reported
2015-05-04 07:32:26 UTC
A strong 5.6-magnitude earthquake hit New Zealand's South Island on Monday with local authorities saying it shook buildings but caused no serious damage. The tremor struck at 2.29 pm (0229 GMT) at a relatively shallow depth of 10 kilometres (6.2 miles), with its epicentre about 30 kilometres nort...
U.S. will raise rates soon if economy continued to grow: Central bank
2015-04-30 03:53:23 UTC
(Reuters) - The Federal Reserve downgraded its view of the U.S. labor market and economy on Wednesday in a policy statement that suggested the central bank may have to wait until at least the third quarter to begin raising interest rates.
The Fed's statement put in place a meeting-by-meeting a...
Hillary Clinton calls for equal pay, gender equality
2015-04-24 09:10:59 UTC
(Reuters) - Hillary Clinton lamented the pay gap between men and women to a crowd of female technology executives on Tuesday, in a speech that showed she may make gender inequality a main theme in her likely 2016 presidential bid.
It was the first of three speeches the former U.S. secretary of...
Putin: The Russian economy will have recovered in about two years
2016-01-19 01:55:30 UTC
href="http://global-gathering.com/news/16317">Hillary Clinton vs Donald Trump — According to polling data, Donal Trump may dominate the GOP race but compared to the Democratic Party, Hillary Clinton still takes the lead in the 2016 presidential election.</h3></a></i></b...
Iran: Nuclear deal possible only if sanctions lifted
2015-04-15 08:52:35 UTC
(Reuters) - Iranian President Hassan Rouhani said on Wednesday Tehran will not accept a comprehensive nuclear deal with major powers if all sanctions imposed on Tehran were not lifted, state television reported.
"If there is no end to sanctions, there will not be an agreement," Rouhani said in...
Happy Birthday, Obamacare!
2015-03-24 01:57:05 UTC
It's been five years since President Obama signed his landmark -- and controversial -- health care reform bill into law.
Much has changed since March 23, 2010. Nearly 11.7 million people have signed up on the Obamacare exchange for 2015 coverage. The growth in health care spending has slowed t...
Sen. Ted Cruz Running For President: He announces on Twitter
2015-03-23 04:45:03 UTC
Texas Sen. Ted Cruz, R-Texas, announces presidential bid on Twitter - @nprpolitics
Cruz will announce his presidential campaign Monday, becoming the first major presidential candidate to officially enter the 2016 race.
Aides to the Republican senator tell TV Channel ABC News he will make th...
The CIA Just Declassified the Document That Supposedly Justified the Iraq Invasion
2015-03-20 09:47:21 UTC
Thirteen years ago, the intelligence community concluded in a 93-page classified document used to justify the invasion of Iraq that it lacked "specific information" on "many key aspects" of Iraqi President Saddam Hussein's weapons of mass destruction (WMD) programs.
But that's not what top Bus...
France wins EU approval for two-year reprieve on deficit
2015-03-10 17:08:25 UTC
BRUSSELS (AFP) - European finance ministers on Tuesday approved a controversial two-year extension for France to get its deficit within the bloc's limits, despite accusations that bigger member states are treated more leniently than smaller ones.
They formally accepted assessments by the Europ...
Wall Street Frets That You're Getting Paid Too Much
2014-08-01 21:52:00 UTC
Wall Street money managers are worried about two things: that they won’t get paid enough and that ordinary Americans will get paid too much.
The fight over who gets what from the bonus pool is an unseemly annual rite at Wall Street firms. Last year the average bonus paid to securities industri...
House Republicans vote to sue Barack Obama over Obamacare
2014-07-31 22:45:08 UTC
The Republican-led US House of Representatives has cleared the way for a lawsuit accusing Barack Obama of overstepping his authority in carrying out his healthcare reforms.
The 225-201 vote, along party lines, to authorise the suit will allow House lawyers to draft legal documents over a five-...
Bank of America's Countrywide to pay $1.3bn to US
2014-07-31 00:20:34 UTC
Bank of America's Countrywide business must pay the US government $1.3bn (£769m) for selling defective home loans, a New York judge has ruled.
Countrywide was found guilty of selling bad loans, as part of a programme called "hustle", to US mortgage giants Fannie Mae and Freddie Mac in 2007.
EU agrees new Economic sanctions against Russia
2014-07-29 16:01:02 UTC
European Union governments reached a deal on Tuesday to impose economic sanctions against Russia, targeting its oil industry, defence, dual-use goods and sensitive technologies.
The sanctions will be reviewed after three months, a diplomat said.
The development came as Russian foreign minis...
Banks accused of rigging silver price
2014-07-28 07:18:06 UTC
Deutsche Bank, HSBC and Bank of Nova Scotia have been accused of attempting to rig the price of silver, in a lawsuit filed in the US.
The plaintiff alleges the banks, which set the price of silver each day, abused their position in the market.
Deutsche Bank and HSBC have not commented on th...
Russia's surprise interest rate rise 'to curb inflation'
2014-07-26 23:03:37 UTC
Russia's central bank has unexpectedly raised its key bank interest rate over concerns about inflation and "geopolitical tension".
The bank's board decided to raise the interest rate by 50 basis points, or half a percent, to 8% per year.
Analysts said that they had not expected the move.
EU sanctions weaken anti-terror efforts - Russia
2014-07-26 22:52:51 UTC
Russia says new EU sanctions against it over the Ukraine crisis will jeopardise security co-operation against terror.
The Russian foreign ministry said the EU would bear the blame for the move which sees 15 officials and 18 entities subject to asset freezes and visa bans.
The EU and US accu...
Germany: Russia should be stripped of World Cup 2018 after MH17 attack
2014-07-24 21:07:33 UTC
“Firstly, the safety of players and fans cannot be guaranteed” in Russia, said Bernd Fabritius, an MP. “And secondly, a country that behaves like a rogue state should not be rewarded with such an international media event.”
The calls served to underline the dramatic shift in opinion in Germany s...
Detroit showing signs of recovery ahead of bankruptcy trial
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 year since the state-appointed emergency manager, K...
Obama Announces Expanded Sanctions Against Russia
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 sanctions on some of Russia’s largest companies and finan...
How Germany's 14-Year Plan Destroyed Brazil
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 first goal in the 11th minute. A friend watching at a ...
The Squeeze on Renters Is Getting Worse
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 Economist Jed Kolko compared newly released wage ...
Puerto Rico: Tropical Tax Haven for America's Super-Rich
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 doors onto the colonial city’s cobblestone streets...
Putin’s Economic Model Showing Strain
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 harm Ukraine, which sends about one-fourth of its exp...
Obama asking Congress for $500m to train 'moderate' Syrian rebels
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 vow, made during a speech at West Point military a...
Barclays bank sued by New York
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 assurances the bank had operated its dark pool system ...