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Economy

NKorea policy in Seoul to soften despite rocket
It is not too early to predict one sure winner of South Korea's presidential election next week: North Korea. President Lee Myung-bak's hardline ...
Bank repossessions hit 9-month high in November
U.S. home repossessions rose to a nine-month high in November, even as the number of homes starting on the path to foreclosure declined to the lowest ...
Asia stocks up as Japan gets boost from weaker yen
Asian stock markets rose Thursday as a weakening yen propelled Japan's benchmark higher. A new bond-buying program by the U.S. Federal Reserve and ...
No budging as fiscal cliff talks appear stalled
Republicans aren't budging on tax rates, and Democrats are resisting steps like raising the eligibility age for Medicare. Negotiations on averting a ...
Hands off our heritage: Some wary of China's reach
Life in this French village revolves around wine. The backyards of its tidy houses nurture the grapes that have made Burgundy famous the world over.
Fed links interest rates to 6.5 pct. unemployment
The Federal Reserve said Wednesday that it plans to keep interest rates ultra-low even after unemployment falls close to a normal level — which it ...
Japan election puts spotlight on reviving economy
It's the $6 trillion question: how to jolt Japan out of its 20-year economic slump. The dozen or so parties vying in a Dec. 16 parliamentary election ...
Senate Dems offer Sandy disaster aid package
Senate Democrats on Wednesday finished cobbling together a $60.4 billion disaster aid package for New York, New Jersey and other states hit by ...
Why it's so hard to step back from 'fiscal cliff'
The "fiscal cliff" crisis bundles together some of Washington's toughest decisions — the ones lawmakers have dodged for years — and says settle them ...
Census: Whites no longer a majority in US by 2043
White people will no longer make up a majority of Americans by 2043, according to new census projections. That's part of a historic shift that already ...
Fed projects high unemployment for next 3 years
The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the ...
Stocks end little changed after Fed rally fizzles
Stocks ended the day little changed Wednesday after a rally prompted by the Federal Reserve's latest economic stimulus program fizzled out. The Dow ...
A Fed rally fades away on Wall Street; Dow down 3
An afternoon stock market rally has faded away after investors reassessed the Federal Reserve's latest plans to stimulate the economy. The Dow Jones ...
Bernanke says fiscal cliff already hurting economy
The U.S. economy is already being hurt by the "fiscal cliff" standoff in Washington, Federal Reserve Chairman Ben Bernanke said Wednesday.
Egypt political crisis threatens to worsen economy
Egypt's political crisis is threatening to plunge its ailing economy even deeper into distress after the government delayed a request for a $4.
Oil rises on Fed stimulus plan
Oil traders got what they wanted Wednesday: another big move by the Federal Reserve to stimulate the slow-growing U.S. economy. The Fed said it will ...
Fewer US CEOs expect hiring dip over next 6 months
A survey of U.S. chief executives shows the number of large companies that plan to add jobs or hire more workers is essentially unchanged versus three ...
Fiscal cliff threatens federal aid for home heat
Poor and elderly Americans who rely on aid from the federal government to heat their homes stand to get less help this year if Congress and the White ...
US budget deficit reaches $172B in November
The U.S. federal government's budget deficit widened in November compared to October, a sign that the nation is on a path to its fifth straight $1 ...
Italy raises money at lower rates despite upheaval
Italy successfully sold €6.5 billion ($8.45 billion) in bonds the country's first debt auction since the country's Prime Minister Mario Monti ...
THE RESET: Fed forges ahead with easy-money policy
As President Barack Obama and Congress agonize over strengthening the economy without fattening the $16 trillion national debt, the Federal Reserve ...
Obama's fiscal cliff strategy is tricky balance
Playing both sides, President Barack Obama is trying to balance his public pressure campaign on Republicans over the looming "fiscal cliff" with his ...
OPEC keeps output target on hold amid weak economy
OPEC ministers agreed to keep their daily crude production target unchanged at a meeting Wednesday. But in a sign of internal rivalries, they failed ...
Greece to buy back 31.9 billion euros of bonds
Greece will buy back €31.9 billion ($41.5 billion) of its bonds from private investors at a third of their nominal price, the debt agency said ...
House GOP press Obama for balanced fiscal deal
House Republican leaders are pressing President Barack Obama to come up with plan they can accept for spending cuts and tax revenue to avoid the ...