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Wednesday, June 18, 2014
The U.S. Supreme Court on Monday turned back Argentina's appeals against paying at least US$1.3 billion to “vulture fund” investors in its defaulted bonds, putting fresh pressure on the country's finances.
Tuesday, June 17, 2014
In August 2008, factory workers David and Barbara Ludwig both treated themselves to new cars. With David making US$22 an hour and Barbara US$19, they could easily afford the payments.
Monday, June 16, 2014
A U.S. economy still sending mixed signals on its strength should keep monetary policy locked in place when the Federal Reserve meets Tuesday and Wednesday.
Saturday, June 14, 2014
The prices U.S. companies receive for their goods and services fell in May, offering evidence that inflation is mild.
Friday, June 13, 2014
U.S. retail sales rose for a fourth straight month in May, adding to evidence that consumer spending will contribute to stronger economic growth.
The Organisation for Economic Cooperation and Development (OECD) on Wednesday urged Canada to raise taxes on non-renewable resources including its oil reserves, which are the third largest in the world.
Wednesday, June 11, 2014
U.S. wholesale businesses built up their stockpiles of goods in April, a sign that companies expect stronger economic growth in the coming months.
Microsoft, Sony battle for hearts of video game fans
Microsoft and Sony grappled on Monday for the hearts of hard-core gamers whose devotion could determine whether Xbox One or PlayStation 4 rule console play and Internet Age entertainment.
The Detroit Institute of Arts (DIA) said Monday that the three largest U.S. automakers have pledged US$26 million to save bankrupt Detroit's world-class collection of art for the public.
Tuesday, June 10, 2014
With the launch of the Xbox One, PlayStation 4 and Wii U in the video game industry's rearview mirror, the spotlight at this week's Electronic Entertainment Expo (E3) in Los Angeles is expected to shift back to games. From online-only titles to virtual reality experiences, about 200 exhibitors will hype their latest software in hopes of becoming The Next Big Thing. A sampling:
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