US corporations have long been bracing for the day they would have to make sharp cuts in their emissions. That day moved closer when President Obama outlined a target for such reductions, the New York Times reports
The worsening state of Britain's balance sheet means the country should be stripped of its 'great' title, as the British public are "sleepwalking" into major spending cuts, Andy Brough, fund manager at Schroders, told CNBC.
Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday.
The U.S. will need to eventually enact national value added tax in order to raise revenue and decrease its deficit, Paul Donovan, MD & deputy head of global economics at UBS, said Thursday.
China has unveiled its first firm target to curb greenhouse gas emissions, laying out a "carbon intensity goal" on Thursday that Premier Wen Jiabao will take to key climate talks in Copenhagen next month
Banks must disclose how much they pay top employees, a UK government sponsored report recommended on Thursday in a bid to quell public anger over "bonuses as usual" in a sector shored up by taxpayer bailouts.
Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a centre for investment and a source of capital.
Stocks posted modest gains Wednesday, but it was enough to propel the Dow and S&P to new 13-month closing highs, as economic data buoyed recovery hopes.
Critics say far more needs to be done in terms of meaningful steps to attack fraud in health care, which drains the system of resources and forces up insurance premiums.
Wednesday, 25 Nov 2009 | Source: The Associated Press
The US will pledge to cut its greenhouse gas emissions by 17 percent by 2020 at a UN climate change meeting in December, which President Obama will attend, the White House said.
Rates on 30-year mortgages dropped in the past week to match a record low set in April, while the 15-year home loan rate fell to a new all-time low, home funding company Freddie Mac said on Wednesday
As much as $7 trillion of debt piled up by banks falls due by the end of 2012, which could force them to refinance their borrowings at higher cost, the Wall Street Journal said, citing a Moody's Investors Service report.
Stocks slid Tuesday morning, after soaring to new 2009 highs on Monday, as a report showed the economy grew less than expected in the third quarter... Read More
With the health care debate continuing, how can investors make money in the sector? Barbara Ryan, managing director and senior pharmaceuticals analyst at Deutsche Bank Securities, and Charles Boorady, health care providers analyst at Citigroup, shared their insights.... Read More