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Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards.
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Treasury Secretary Timothy Geithner's plans to leave near the end of January put the White House in a tricky spot, depriving the Obama administration of its longest-serving economic adviser for its next fiscal showdown with Congress.
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WASHINGTON, Jan 3- Belt-tightening in advanced economies may not be as harmful to growth now as it was during the height of the financial crisis, but governments should still be careful about drastic cuts, an International Monetary Fund research paper found on Thursday.
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TOKYO, Jan 4- Japan's Nikkei share average is expected to rise on its first trading day of 2013 and could test a nearly two-year high as a deal in Washington to avert the "fiscal cliff" buoys sentiment and a weaker yen is likely to lift exporters.
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WASHINGTON, Jan 3- Banks could have up to three extra years to comply with a new U.S. rule requiring firms that receive federal deposit insurance to spin off some of their swaps trading into separate arms, U.S. regulators said on Thursday.
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*Toyota, Honda gain market share in 2012. General Motors Co posted December U.S. sales growth of 5 percent compared with the year-earlier month, Ford Motor Co increased sales 2 percent and Chrysler Group LLC's sales rose 10 percent.
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WASHINGTON- Offshore rig contractor Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive oil spill in the Gulf of Mexico in 2010..
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WASHINGTON, Jan 3- The rosters of the powerful, tax-writing panels of the U.S. Congress were nearly filled out on Thursday, with three prominent Republicans named to the Senate Finance Committee.
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The Federal Open Market Committee's minutes also extended a rally in the U.S. dollar, fueled earlier by concerns about more budget wrangling in Washington. to a rally that has catapulted the U.S. benchmark S&P 500 index near a 5- year high.
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*Congressman questions Shell's fitness in the Arctic. The Natural Resources Defense Council and The Wilderness Society on Thursday said the accident involving Shell's Kulluk oil rig is new evidence that oil companies are not prepared to safely manage the extreme conditions of the Arctic.
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WASHINGTON, Jan 3- U.S. officials on Thursday gave four states currently governed by Republicans the green light to set up their own health insurance exchanges under President Barack Obama's healthcare reform law, an initiative largely opposed by Republicans.
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WASHINGTON, Jan 3- Federal Reserve officials are increasingly concerned about the potential risks of the U.S. central bank's asset purchases on financial markets, even if they look set to continue an open-ended stimulus program for now.
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NEW YORK, Jan 3- The euro fell to a three-week low against the dollar on Thursday after minutes from the Federal Reserve's latest meeting indicated that while the U.S. central bank looks set to continue buying bonds, some policymakers believe it will be appropriate to "slow or stop asset buys well before the end of 2013." The minutes from the Fed's December meeting showed a growing reticence about further increases in the central bank's $2.9 trillion balance sheet, which it expanded sharply in response to the financial crisis and recession of 2007-2009..
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NEW YORK, Jan 3- U.S. The Federal Open Market Committee's minutes also extended a rally in the U.S. dollar, fueled earlier by concerns about more budget wrangling in Washington. "This is somewhat earlier than what the markets would have thought," said Millan Mulraine, senior economist at TD Securities in New York.
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*Toyota, Honda gained market share in 2012. General Motors Co posted December U.S. sales growth of 5 percent compared with the year-earlier month, Ford Motor Co increased sales 2 percent and Chrysler Group LLC's sales rose 10 percent.
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WASHINGTON, Jan 3- Opponents of Royal Dutch Shell's ambitious Arctic oil drilling program has called on the Obama administration to put offshore drilling plans in the region on hold after the dramatic grounding this week of Shell's oil rig in Alaska.
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WASHINGTON, Jan 3- Banks could have up to three extra years to comply with a new U.S. rule requiring firms that receive federal deposit insurance to spin off some of their swaps trading into separate arms, U.S. regulators said on Thursday.
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WASHINGTON, Jan 3- Federal Reserve officials are increasingly concerned about the potential risks of the U.S. central bank's asset purchases on financial markets, but look set to continue its open-ended stimulus program for now.
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NEW YORK, Jan 3- World stocks dipped on Thursday, reversing course after minutes from the latest Federal Open Market Committee meeting showed rising concern about the Fed's policy of buying bonds to stimulate growth. The Federal Reserve's minutes also extended a rally in the U.S. dollar, fueled earlier by concerns about more budget wrangling in Washington.
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WASHINGTON, Jan 3- Federal Reserve officials are increasingly concerned about the potential risks of its asset purchases on financial markets, but look set to continue its open-ended stimulus program for now.
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WASHINGTON, Jan 3- U.S. regulators on Thursday closed a long-running investigation of Google with a relatively mild agreement that is likely to disappoint rivals and critics of the Web search giant.