WASHINGTON— Congress accomplished relatively little in a short work period, missing deadlines on the budget and on helping Puerto Rico with its financial crisis as lawmakers began a weeklong break. "It's very, very hard to get anything done if you are a drive-by Congress," House Minority Leader Nancy Pelosi, D- Calif., said Friday. Over the past month, the Senate... » Read More
The Group of Seven nations have agreed to a secret protocol to guide their coordinated intervention and won’t reveal it in order to keep currency markets guessing, according to people familiar with the matter.
As the market begins the process of second guessing the G7’s coordinated action to keep the yen lower, High Frequency Economics is warning investors the damage caused by the disaster in Japan is being both understated by the government and underappreciated outside of people in the immediate vicinity.
Japan will get what it wants from the Group of Seven teleconference of finance ministers and central bankers Thursday night, but G-7 sources say the group is still waiting for Japan to ask.
It is often said that a picture speaks a thousand words, but these images arguably speak volumes about the violence and political turmoil in Libya and Bahrain.
As Japan’s nuclear crisis intensified Wednesday, governments across Europe remained at odds over whether to scale back nuclear power programs or continue plans to expand, reports the New York Times.
As Japan's nuclear crisis continues to unfold, many are wondering whether the U.S.'s nuclear plants face a similar threat. A look at where the risks are.
On March 11, 2011, an earthquake measuring 9.0 on the Richter scale struck Japan, bringing a destructive tsunami along with it. See 11 other history-making nuclear disasters.
The International Energy Agency says Libyan oil exports have "ground to a halt" because of the fighting between rebels and forces loyal to Libyan leader Moammar Gadhafi.
PepsiCo on Tuesday unveiled a bottle made entirely of plant material, which it says bests the technology of competitor Coca-Cola and reduces its potential carbon footprint.
Following the huge losses on the Nikkei, with more than $700 billion dollars wiped off the Japanese market in just two sessions, one economist is predicting the tragic events in Japan will be an "excuse" 'to move to quantitative easing in all major markets.
The world's biggest nuclear power is France, where 58 plants generate 75 percent of the nation's electricity.
The biggest earthquake on record to hit Japan in 140 years sent stock markets across the globe sharply lower, while the yen and oil prices also fell.
The spike in the price of an oil barrel has been caused by “market pricing and risk premium on the future oil supply,” not a lack of supply, Rex Tillerson, CEO and chairman of Exxon Mobil, told CNBC Wednesday.
While US crude is usually seen as the best gauge for global oil prices, the recent tumult in the Middle East and North Africa is now making Brent a more reliable yardstick.
Speculators have set a new record for making bets whether oil will keep pushing higher, a trend that some market experts believe could push the commodity to record levels.
Throughout the recent unrest in the Middle East, virtually no oil production has been affected, save in Libya, Sara Akbar, CEO of Kuwait Energy, told CNBC Tuesday.
It's time to stop taking crude oil and other fossil fuels for granted and start seriously developing new energy sources while practicing energy conservation.
I'm in Hawaii to cover the unique economic challenges facing the Aloha State. I'm also here to moderate the state's CFA annual forecast dinner.
As the agency undertakes a broad new study of natural gas drilling and its potential risks, some worry that the recommendations will be watered down, reports The New York Times.
Oil prices have been jumping because of concerns about supply disruptions in the Mideast, but it turns out there is a glut of oil supply in the Midwest.