Author

 
David Lawder

David Lawder

    US Senate approves Bill to avert fiscal cliff
    US Senate approves Bill to avert fiscal cliff
    The US Senate overwhelmingly approved legislation to avert the "fiscal cliff" by stopping most of the tax hikes and across-the-board spending cuts.
    US Senate passes funding bill to avoid government shutdown
    US Senate passes funding bill to avoid government shutdown
    A deeply divided and unproductive Congress wrapped up its final business before November's elections early on Saturday.
    Fed slashes US rates in bid to thwart recession
    Fed slashes US rates in bid to thwart recession
    The United States Federal Reserve on Tuesday slashed a key interest rate by a hefty three-quarters of a percentage point, the biggest cut in more than 23 years, after a two-day global stocks rout sparked by fears of a US recession. "The Fed is very, very, very worried," said John Tierney, an analyst at Deutsche Bank.
    US: South African pair assisted al-Qaeda
    US: South African pair assisted al-Qaeda
    The United States Treasury Department named two South African cousins as al-Qaeda financiers and facilitators, ordering a freeze on any US assets they may have and banning Americans from doing business with them. The treasury said Farhad Ahmed Dockrat provided funds to a trust used by al-Qaeda.