By Steve Holland WASHINGTON (Reuters) - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he ... More
WASHINGTON (Reuters) - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery. Obama, struggling to bring down the 9.6 percent jobless rate, is to ...More
GWANGJU, South Korea (Reuters) - G20 delegates agreed on Saturday global economic recovery would endure although the speed of expansion may slow, a South Korean official said. Kim Jae-chun, deputy governor of South Korea's central bank who co-chaired the meeting of G20 finance and central bank deputies, also told reporters ...More
DUBLIN (Reuters) - Nationalized Anglo Irish Bank <ANGIB.UL> will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying. The comments by Conor Lenihan, a minister of state in charge of science, technology, innovation and natural resources ...More
TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option. Traders are getting cautious about bidding the yen up too much after Japanese ministers kept up ...More
NEW YORK (Reuters) - A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc <GS.N> computer programer of stealing proprietary computer code from the bank's lucrative high-frequency trading platform. The defendant, Sergey Aleynikov, won the dismissal of one count, alleging unauthorized ...More
NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show. The award to two New Jersey investment funds was disclosed in a filing Thursday with the ...More
WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly. Obama made his remarks after August data showed that jobs -- the ...More
NEW YORK (Reuters) - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday. The Institute for Supply Management said its index of national services ...More
