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Thursday, December 17, 2015
The U.S. Federal Reserve is expected Wednesday to increase its base interest rate for the first time since 2006, a momentous step that will have repercussions across the global financial system.
Mexico's onshore oil auction in surprise sell-out
Mexico's government auctioned off all 25 onshore oil and gas fields offered Tuesday, exceeding expectations as domestic startups won most contracts while billionaire Carlos Slim was the biggest loser.
Wednesday, December 16, 2015
New Argentina leader cuts tax on farms, manufacturing
Argentina's conservative new president, Mauricio Macri, got down to business Monday by eliminating or cutting a string of taxes on agricultural and industrial exports, seeking to kick-start Latin America's third-largest economy.
It's not about what it will do. It's about what it will say. The worst-kept secret in the financial world is that the U.S. Federal Reserve is all but sure Wednesday to raise interest rates from record lows by a modest quarter point.
Monday, December 14, 2015
After a long buildup that stirred waves of turbulence in global markets, the Federal Reserve finally is expected to end its seven-year crisis stance with an interest rate increase on Wednesday.
Cuba seals 'historic' debt pact with nations
Cuba on Saturday concluded a "historic accord" over debt that was not paid to foreign creditors for the last 25 years, French Finance Minister Michel Sapin announced.
Several big-name Silicon Valley figures have pledged US$1 billion to support a non-profit firm that on Friday said it would focus on the "positive human impact" of artificial intelligence.
Sunday, December 13, 2015
'Star Wars' memorabilia fetch more than US$500K
"Star Wars" super fans snapped up some of the space film saga's rarest merchandise on the planet for more than US$500,000 at auction on Friday, Sotheby's announced in New York.
Saturday, December 12, 2015
The Internet's economic impact has doubled since 2007 and now fuels at least 6 percent of the overall U.S. economy, a study showed Thursday.
The U.S. dollar broadly rose against its major peers Friday as a key U.S. Federal Reserve meeting draws closer with policymakers expected to announce a long-awaited interest rate hike.
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