Creator
Jeannine Aversa
US Fed chief offers assurance on mortgages
United States Federal Reserve Chairperson Ben Bernanke told Congress on Thursday that the credit crisis has created ”significant market stress” and offered fresh assurances that…
Wolfowitz broke World Bank rules, says panel
World Bank president Paul Wolfowitz broke bank rules in arranging a hefty compensation package for his girlfriend, a situation that has caused a ”crisis in the leadership” at the…
US economy rebounds in opening quarter
Casting off an end-of-year lethargy, the United States economy bounded ahead in the opening quarter of this year at a 4,8% pace, the fastest pace of growth in two-and-a-half…
High energy prices ‘will be around for a while’
Skyrocketing energy prices will figure prominently on the agenda of the world’s seven largest economic powers when they gather on Friday. Discussions on worldwide economic…
Global economy forecast to pick up speed
The global economy, which has coped amazingly well with fallout from natural disasters and lofty energy prices, is expected to pick up a little more speed in 2006 and log another…
Robust growth in US economy
The United States economy grew at a lively 4,3% pace from July to September, the best showing in more than a year. The performance offers fresh testimony that the country’s…
US trade deficit swells to all-time high
The United States’s trade deficit swelled to an all-time high of ,5-billion in October as imports — including those from China — surged to the loftiest levels on record.…