Military tensions in the Persian Gulf shot up again Thursday, Jan. 26, after Dubai police commander Gen. Dhahi Khalfan said on Al Arabiya television that an imminent Gulf war cannot be ruled out and...
Senate Republicans were unable to muster enough votes Thursday for a bill opposing another $1.2 trillion increase in the debt ceiling. The measure was defeated on a 52-44 vote. Lawmakers would have needed 60...
Corporate defaults may almost double in Europe as companies struggle to refinance debt and banks hoard cash borrowed from the European Central Bank or use it to buy government bonds. Europe’s default rate may...
The International Monetary Fund (IMF) has warned of a 20-30% oil price spike if Iranian exports are disrupted. The IMF warned that if the West imposed financial sanctions on Iran, it would be tantamount...
(Reuters) – Iran increased bank interest rates on Wednesday and indicated it would further restrict sales of foreign currency, hoping to halt a spiraling currency crisis after new Western sanctions accelerated a dash for...
Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests, and fellow Americans: Last month, I went to Andrews Air Force Base and welcomed home some of our last troops to serve in Iraq....
Japan has racked up its first trade deficit in 31 years as the country’s ageing crisis hits home and the Fukushima nuclear disaster raises dependence on imported fuel. The darkening picture has set off...
A few months ago, two Citibank economists took out their long-distance glasses and decided to find the economies that would grow the fastest till 2050. Willem Buiter and Ebrahim Rahbari came up with 11...
The world’s economy is “deeply into the danger zone” because of risks from the eurozone, the International Monetary Fund (IMF) has said. The IMF predicts the global economy will grow by 3.25% in 2012,...
Sitting in his 33rd-floor corner office high above Seventh Avenue in New York, preparing for his trip to Davos, he is more concerned with surviving than staying rich. “At times like these, survival is...
