TOKYO, July 11- Japanese Economics Minister Akira Amari said on Friday it was premature for the Bank of Japan to consider an exit strategy from its quantitative easing policy.» Read More
A new study calls for an end to the $2.13 an hour federal tipped minimum wage.
Stocks sold off on concerns about the global economy, but the real worry for the market is the second-quarter earnings season.
FRANKFORT, Ky.— Kentuckians are buying more stuff, they just aren't paying as much in taxes. That's why the state ended the 2014 fiscal year on June 30 with a $90 million shortfall in its general fund. Even during the depths of the recession the past three years, Kentucky's income tax collections grew by 8.3 percent, 2.8 percent and 6 percent, respectively.
WASHINGTON— A federal judge on Thursday ordered the IRS to explain under oath how it lost a trove of emails to and from a central figure in the agency's tea party controversy. He said the IRS declaration must be signed, under oath, by the appropriate IRS official. The IRS says it lost the emails in 2011 when Lois Lerner's computer crashed.
Dave Camp, R- Mich., that cobbles together $11 billion in pension tax changes, customs fees and money from a fund to repair leaking underground fuel storage tanks to shore up the federal Highway Trust Fund through May 2015. In the Senate, the Finance Committee, also on a voice vote, approved a compromise worked out between the committee's chairman, Sen.
PARIS— France's economy minister is blaming European authorities for the lack of growth in France and Europe, and says it's time for a new economic policy that shuns austerity. France, with Europe's No. 2 economy, is holding back the rebound across the continent.
NEW DELHI, July 10- India's new government on Thursday unveiled a first budget that seeks to revive growth and curb borrowing, but left open questions on how it will reduce the fiscal deficit and restore investor confidence.
The U.S. is producing vast amounts of oil—but isn't quite in Saudi Arabia's league just yet, according to experts.
US workers at large companies can expect median base salary increases of 3% next year, USA Today reports.
By 2025, 1.8 billion people will live in regions with water scarcity. The international community needs to act now, says Mikhail Gorbachev.
U.S. wholesale inventories rose in May, reinforcing the view that economic growth should surge following a weak first quarter.
Tom Corbett signed the state budget 10 days late on Thursday and used his line-item veto power to spotlight what he called the Legislature's failure to sacrifice with the rest of government or to curb rising public-sector pension costs that are fueling school tax increases.
Fears emerged overnight about the financial stability of Espirito Santo International, a holding company that is the largest shareholder in a group of firms, including the parent of Portugal's largest bank, Banco Espirito Santo.
Worries over the health of Portugal's biggest bank on Thursday raised fears that the country might run into financial trouble again— just weeks after emerging from a bailout— and trigger a flare-up in the market crisis Europe thought it had quelled.
NEW DELHI— In a country grappling with poverty, sluggish growth and a daunting deficit, India's new budget has set aside 2 billion rupees for a colossal iron-and-bronze statue almost twice the size of the Statue of Liberty.
BEIJING, July 10- U.S. and Chinese leaders have agreed that China will reduce its intervention in the currency market when conditions are ripe, reaching an understanding on a prickly issue that has hurt ties between the world's two biggest economies for years.
NEW DELHI, July 10- Indian Prime Minister Narendra Modi's new government on Thursday unveiled a first budget of structural reforms aimed at reviving growth, winning praise from investors despite a lack of clarity over how he would cap the big fiscal deficit.
A surge of Republican pressure is bringing the Fed's long-held independence into question again.
BEIJING, July 10- China is committed to reducing its intervention in the foreign exchange market and is preparing to increase the transparency of its currency policy, U.S. Secretary of State John Kerry said separately that China and the United States had a frank exchange about cyber security issues and agreed to continue those discussions.
TRENTON, N.J.— New Jersey officials on Thursday approved tax incentives worth $260 million over 10 years for a company to bring 395 jobs— many of them in manufacturing— to Camden, a city in dire need of employment options.
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