Saturday, March 22, 2014
Fitch Ratings on Friday affirmed U.S. credit ratings at the top-notch “AAA” level but raised the outlook for the world's top economy to stable from negative.
Wednesday, March 19, 2014
U.S. home construction fell for a third month in February, but in a hopeful sign, applications for building permits rose to their highest level in four months.
Cheaper energy kept U.S. consumer prices in check last month, despite a big rise in the cost of food, the latest sign that inflation is tame.
The Janet Yellen era at the Federal Reserve begins in earnest this week with a two-day meeting, a policy statement and fresh economic forecasts. Yet all that will be a prelude to the marquee event: Yellen's first news conference as Fed chair.
Foreign investors will be able to do business in communist Cuba without fear of government interference once a new law is approved later this month, a top lawmaker told state media on Monday.
Moody's lowered its credit rating for Argentina by 1 step Monday, citing a sharp fall in the country's reserves and inconsistent economic policies.
Tuesday, March 18, 2014
U.S. factory output rebounded strongly in February after harsh winter storms caused a steep drop-off in production in January. Manufacturers produced more autos, home electronics and chemicals.
Monday, March 17, 2014
The morning caffeine hit is about to get more pricey as drought in top producer Brazil has sparked fears of a global shortfall of coffee this year, sending the price of beans soaring.
An unnamed Silicon Valley billionaire has purchased the world's most valuable life insurance policy, worth US$201 million.
Sunday, March 16, 2014
The U.S. Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.