The US economy's second quarter went from solid to stellar

WASHINGTON (AP) -- The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds.

Iranians celebrate, Obama hails 'historic' nuclear framework

(Reuters) - Iranians celebrated in the streets after negotiators reached a framework for a nuclear accord and U.S. President Barack Obama hailed an "historic understanding", but senior global diplomats cautioned that hard work lies ahead to strike a final deal.

Republicans use 'death by a thousand cuts' strategy to deregulate Wall Street

For the second time in two weeks, House Republicans brought up a package of 11 bills designed to deregulate Wall Street and water down Dodd-Frank financial reforms. This time, they had the votes to pass it.

Obama unveils new measures to stem identity theft

US President Barack Obama on Friday ordered "pin and chip" security measures for government payment systems, aiming to stem the proliferation of credit card fraud and identity theft.

On Manufacturing Day, share of sector’s employment sinks to new low

Every politician likes to talk about manufacturing, because it’s shorthand for decent, middle-class jobs. And it’s appropriate topic to talk about on Friday, since Oct. 3 has been dubbed “National Manufacturing Day” by President Barack Obama.

China tensions may have made this market a bargain

Territorial clashes with China have pushed Vietnam's shares down more than 10 percent over the past month and even though tensions haven't eased, some analysts are tipping a bargain buying opportunity.

Japan's Suga: Not sure if Japan, U.S. can agree on trade

(Reuters) - Japan's top government spokesman said on Friday that he is not sure whether Japan and the United States can reach an agreement in bilateral trade talks needed to push forward with the Trans-Pacific Partnership pact, unless Japan's position is accepted.

Russian shares fall sharply on Western sanctions

Russian shares fell sharply on Friday as investors weighed the impact of western sanctions over Ukraine.

White House has optimistic growth forecast for 2014, 2015

(Reuters) - The White House on Monday forecast more robust economic growth in 2014 than last year and a further pickup in the economy for 2015.

Obama budget plan claims $5.3 trillion in deficit reduction

WASHINGTON, March 4 (Reuters) - President Barack Obama's fiscal 2015 budget aims to keep alive hopes for major deficit reduction by claiming that proposed tax hikes and spending proposals, coupled with previous actions, will lead to $5.3 trillion in budget savings over 10 years.

US economy adds 74,000 jobs, rate falls to 6.7 per cent

WASHINGTON: US employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing gain ends 2013 on a weak note and could raise questions about the economy's recent strength.

US Senate confirms Yellen as Federal Reserve chair

Washington (AFP) - The US Senate confirmed Janet Yellen as the new leader of the Federal Reserve, marking the first time a woman has headed the world's most powerful central bank.

Lending to small businesses receives boost

New "challenger" banks will find it easier to check the credit-worthiness of potential business customers under new proposals published by the government , which it hopes will lead to an increase in lending to businesses in deprived areas.

World top bankers warn of dire consequences if U.S. defaults

(Reuters) - Three of the world's most powerful bankers warned of terrible consequences if the United States defaults on its debt, with Deutsche Bank chief executive Anshu Jain claiming default would be "utterly catastrophic."

US shutdown is starting to hit business, says Commerce Secretary

US Commerce Secretary Penny Pritzker has warned that business is starting to suffer from the federal shutdown.

US shutdown risk to global economy if protracted: ECB

The US government shutdown could threaten not only the United States but also the global economy if it lasts, European Central Bank chief Mario Draghi said Wednesday.

Obama says choices now will govern future economy

WASHINGTON (AP) — President Barack Obama says Washington's top priority must be to reverse trends like economic inequality, weakened middle-class security and global competition.

SEC frustrated over pace of U.S. financial crisis reforms

(Reuters) - Top Securities and Exchange Commission officials are frustrated over lack of progress in finalizing rules for credit rating agencies and asset-backed securities (ABS), seen by regulators as major drivers of the 2007-2009 financial crisis.

Obama’s Opportunity to Improve U.S. Investment in Africa

Which continent is home to six of the world’s 10 fastest-growing economies and is projected to grow by 5 percent in 2013, more than twice the U.S. rate? And which one gets only 1 percent of U.S. foreign direct investment?

Barack Obama predicts US economic rebirth

ASHEVILLE(NORTH CAROLINA): A day after vowing to ignite America's economic engine, President Barack Obama hit the factory floor Wednesday, to promise a rebound in job-creating manufacturing industry.