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U.S. Senate leader sees chance for breaking fiscal impasse

YoopyaOctober 14, 2013March 10, 2024

by YoopyaOctober 14, 2013March 10, 202406

(Reuters) – Senate negotiations to bring a boiling fiscal crisis to an end showed signs of progress on Sunday, but there were no guarantees that...

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Obama nominates Yellen to succeed Bernanke at Fed

YoopyaOctober 10, 2013March 17, 2024

by YoopyaOctober 10, 2013March 17, 202404

WASHINGTON (AP) — In a history-making selection, President Barack Obama nominated Janet Yellen to be chairman of the Federal Reserve, a critical post as the...

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Pan-African magazine: Africa has 55 billionaires

YoopyaOctober 9, 2013March 10, 2024

by YoopyaOctober 9, 2013March 10, 202403

LAGOS, Nigeria (AP) — A pan-African magazine says Africa has many more billionaires than previously reported, 55 of them worth more than $143 billion including...

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U.S. government shutdown begins after Congress fails to break impasse

YoopyaOctober 1, 2013March 17, 2024

by YoopyaOctober 1, 2013March 17, 202403

(Reuters) – The U.S. government began a partial shutdown on Tuesday for the first time in 17 years, potentially putting up to 1 million workers...

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Former Obama aide Summers withdraws from Fed chair consideration

YoopyaSeptember 16, 2013April 7, 2024

by YoopyaSeptember 16, 2013April 7, 202402

(Reuters) – Lawrence Summers, a former top aide to President Barack Obama and Treasury secretary under President Bill Clinton, withdrew on Sunday from consideration to...

Business Economy Markets

Investors seek balance between central banks, Syria and rebounding economy

YoopyaSeptember 5, 2013April 7, 2024

by YoopyaSeptember 5, 2013April 7, 202401

(Reuters) – European government bond yields were at near 1-1/2 year highs on Thursday and the dollar clung close to six week peaks on a...

Economy

Meet “The Guv”: India’s new central bank chief gets rock star welcome

YoopyaSeptember 5, 2013April 7, 2024

by YoopyaSeptember 5, 2013April 7, 202402

(Reuters) – Less than 24 hours in the job and he has already been dubbed “The Guv” by a gushing Indian media and portrayed as...

Asia Business Economy News World

Indian rupee in sharp rebound on suspected heavy intervention

YoopyaSeptember 4, 2013June 15, 2023

by YoopyaSeptember 4, 2013June 15, 202306

(Reuters) – The Indian rupee staged a sharp recovery on Wednesday after suspected heavy dollar selling by the central bank, preventing the battered currency from...

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Weak spending, inflation data point to soft U.S. economy

YoopyaAugust 31, 2013April 14, 2024

by YoopyaAugust 31, 2013April 14, 202406

(Reuters) – U.S. consumer spending barely rose and inflation was tame in July, offering a cautionary note on the economy as the Federal Reserve weighs...

Africa News World

Analysis: Mall developers feel the pull of Africa’s consumer boom

YoopyaAugust 30, 2013April 14, 2024

by YoopyaAugust 30, 2013April 14, 202402

(Reuters) – When Wal-Mart Stores (WMT.N), the world’s top retailer, bought control of major South African discount chain Massmart Holdings (MSMJ.J) in 2011, American shopping mall developer...