Washington DC


  • *Asia's July Iran imports at 7- mth low; China imports firm. TOKYO, Aug 29- Iran's major Asian customers shipped in 29.4 percent more crude in July from a year earlier, with China, Tehran's biggest client, still accounting for most of the increase seen since Western sanctions were eased at the beginning of the year.

  • NEW YORK, Aug 29- Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.

  • Economic sanctions spare Western-tied Russian fund Friday, 29 Aug 2014 | 12:06 AM ET

    WASHINGTON— As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the $10 billion Russian Direct Investment Fund, which has partnered with brand-name American companies and whose advisers include top U.S. and European private equity executives.

  • BOSTON, Aug 28- An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any "significant" cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase& Co and other banks.

  • TOKYO, Aug 29- Asian shares slumped in early trading on Friday, after flaring Ukraine tensions ruined investors' appetite for risk and bolstered the safe-haven yen.

  • ST. LOUIS, Aug. 28- Major banks are getting increasingly wary of some transactions with smaller banks that have begun to allow marijuana businesses to open accounts. The problem arises because in Colorado and Washington states, marijuana for general use is legal, and in a host of other states it is legal for certain medicinal purposes.

  • Business Highlights Thursday, 28 Aug 2014 | 5:57 PM ET

    NEW YORK— Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them.

  • A look at US, European sanctions on Russia Thursday, 28 Aug 2014 | 5:24 PM ET

    WASHINGTON— With Russian tanks apparently crossing into southeastern Ukraine, President Barack Obama is suggesting the possibility of more sanctions on Russia.

  • MUMBAI, Aug 29- Indian drugmakers are fleeing a regulatory morass at home and moving some research and development to Europe and the United States as try to boost margins by producing high-value drugs.

  • Obama touts revised economic growth numbers Thursday, 28 Aug 2014 | 4:16 PM ET

    WASHINGTON— New evidence of economic growth is heartening and underscores that companies are investing and consumers are spending, President Barack Obama said Thursday. "There are reasons to feel good about the direction we are heading," the president told reporters at the White House.

  • Figures on government spending and debt Thursday, 28 Aug 2014 | 4:00 PM ET

    WASHINGTON— Figures on government spending and debt.

  • Fed Chair Yellen's assets up 8 percent during 2013 Thursday, 28 Aug 2014 | 3:48 PM ET

    WASHINGTON— Federal Reserve Chair Janet Yellen's assets rose in value by at least 8 percent during 2013, raising their total to between $5.3 million and $14.1 million, according to her latest financial disclosure released Thursday. The value of the trust fund is estimated at between $1 million and $5 million.

  • No. 2 House Republican faces unlikely challenge Thursday, 28 Aug 2014 | 3:41 PM ET

    WASHINGTON— Raul Garcia has a question for Kevin McCarthy, the House's No. 2 Republican: "While we are waiting for you on immigration reform, who should be harvesting America's food?"

  • WASHINGTON, Aug 28- The International Monetary Fund's board is likely to stand behind the global lender's leader, Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe, sources close to the board said.

  • JPMorgan investigating possible cyberattack Thursday, 28 Aug 2014 | 2:31 PM ET

    NEW YORK— JPMorgan Chase, the nation's biggest bank by assets, is working with law enforcement officials to investigate a possible cyberattack, said a person familiar with the situation who spoke on condition of anonymity, though the bank isn't currently seeing any unusual fraud activity at the time.

  • BOSTON/ WASHINGTON, Aug 27- Time Warner Cable Inc, the No. 2 U.S. cable operator, suffered a massive network outage on Wednesday due to suspected human error that cut Internet services to some 11 million businesses and residences, prompting a New York state investigation.

  • *Rejected as pariah by West, Mugabe welcomed in Beijing. HARARE/ BEIJING, Aug 28- Snubbed by a U.S.-hosted gathering of African leaders this month, Zimbabwe's veteran President Robert Mugabe has turned again to "old friend" China, but even Beijing's support may not be enough to rescue his country's sinking economy.

  • Business events scheduled for Friday Thursday, 28 Aug 2014 | 12:35 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for July, 8:30 a.m.. WASHINGTON— The University of Michigan issues its index of consumer sentiment for August, 10:30 a.m.. BRUSSELS— Eurostat releases Eurozone inflation data.

  • Average US 30-year mortgage rate at 4.1 percent Thursday, 28 Aug 2014 | 12:31 PM ET

    Mortgage company Freddie Mac also said Thursday that the average for a 15- year mortgage, a popular choice for people who are refinancing, rose to 3.25 percent from 3.23 percent. The National Association of Realtors said its seasonally adjusted pending home sales index rose 3.3 percent to 105.9 last month.

  • Contracts to buy US homes rise in hopeful sign Thursday, 28 Aug 2014 | 10:01 AM ET

    WASHINGTON— More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed. The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index rose 3.3 percent to 105.9 last month.