Yellen's 'optimal' model calls for rate hike this year, in theory

Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellen's own priorities points to a rate increase by the end of this year.

President Obama Announces Janet Yellen As His Choice To Chair Federal Reserve

Low expectations for oil output cut as OPEC meets

Gulf oil producers led by Saudi Arabia are expected to press the case on Thursday for not yet cutting OPEC output, despite calls from some members of the group to bolster sagging prices by removing surplus crude from the market.

A Shell Station in Cambridge, MA

India's GDP growth set to weaken, business wants reforms more than rate cut

Anticipating data out on Friday will show weakening economic growth, India's finance ministry will argue for an interest rate cut, but bankers and company executives say the key to recovery lies in how fast Prime Minister Narendra Modi acts on reforms.

Indian Prime Minister Manmohan Singh Visits China

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Jobs & Career News

Banking culture breeds dishonesty, scientific study finds

Australia's Reserve Bank Keeps Interest Rates On Hold

A banking culture that implicitly puts financial gain above all else fuels greed and dishonesty and makes bankers more likely to cheat, according to the findings of a scientific study.

Dow Chemical CEO says not quitting Kuwait, but shifting strategy

CEO's Discuss Future Of American Manufacturing In Washington

U.S. petrochemicals giant Dow Chemical Co (DOW.N) is not pulling out of Kuwait but is shifting strategy, its chief executive said on Monday, after the company announced plans to reduce its equity positions in all of its Kuwaiti ventures.

Police probe political funding of mining magnate Clive Palmer: The Australian

Clive Palmer

Australian police are investigating allegations about the misuse of A$12 million ($10.5 million) in Chinese funds during the 2013 political campaign of mining magnate Clive Palmer, The Australian newspaper reported on Monday.

Countdown to missed opportunity for EU economy

World Leaders Gather For G20 Summit In Brisbane

The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy.

China ready to cut rates again on fears of deflation - sources

China Daily Life

China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.

Gov. Brown Signs Legislation At Google HQ That Allows Testing Of Autonomous Vehicles

Behind Google's Europe woes, American accents

When EU politicians call for the break-up of Google, it can sound like sour grapes, the anti-American backlash of an aging Europe envious, and fearful, of the wealth and growing power of young U.S. tech giants.

Toyota Recalls More Than 2 Million Vehicles In US

Toyota recalls more cars for dangerous Takata air bags

Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.

G20 Leaders Meet In St. Petersburg For The Summit

Argentina president, back after sick leave, vows to fight hedge funds

Argentina's President Cristina Fernandez returned to the public stage in fighting form on Tuesday after a 3-week break due to an infection, declaring in a speech to businessmen she would not be held ransom by hedge funds suing the country.

220,000 Stores Start Accepting Apple Pay

Discover Financial sues Visa over anti-competitive card practices

Discover Financial Services Inc sued Visa Inc on Tuesday, alleging the world's largest cards company has been using anti-competitive practices in its debit card business, and sought compensation for lost profit, court documents showed.

Thomas Cook airplanes

Thomas Cook hit by shock CEO departure, slowing growth

British holiday company Thomas Cook (TCG.L) said chief executive Harriet Green had been replaced by its chief operating officer, the abrupt departure of a woman credited with reviving the business sending its shares tumbling.

Hewlett-Packard Plans To Eliminate 24,600

HP fourth-quarter revenue drops on weak enterprise demand

Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units.

Christmas Lights In Paris

Samsung Electronics to buy back $2 billion in shares

South Korea's Samsung Electronics Co Ltd (005930.KS) on Wednesday announced a $2 billion share buyback plan, its first since 2007, following investor calls for higher returns against a backdrop of rapidly declining profits.

Obama Announces Resignation Of Chuck Hagel As Defense Secretary

Obama administration criticizes potential tax extender deal

The Obama administration on Monday criticized a potential deal in Congress to extend expiring tax breaks as "fiscally irresponsible," arguing that lawmakers would be favoring businesses over working families.

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