Top News & Analysis Washington DC

  • Kwangson Banking Corp. was ordered closed under U.N. sanctions imposed in March in response to the North's nuclear tests but kept operating in secret in the border city of Dandong, Joongang Daily reported, citing unidentified sources. China's Foreign Ministry and its bank regulator did not respond to requests for comment. Beijing has long been North Korea's...

  • WASHINGTON— From the outside, the housing market looks solid: Sales are climbing. Mortgage rates are near historic lows. The Associated Press spoke with Rohit Gupta, chief executive of Genworth Mortgage Insurance, about today's housing market.

  • *Draghi to defend ECB policies in Bundestag this week. BERLIN, Sept 25- Michael Stuebgen, a conservative member of the German parliament, was speaking with the head of a local savings bank recently about the European Central Bank's quantitative easing program. Stuebgen, a spokesman on European affairs for Chancellor Angela Merkel's party in the Bundestag,...

  • HAVANA, Sept 24- Chinese Prime Minister Li Keqiang met with Cuban President Raul Castro on Saturday during a two-day trip to Havana, and the two leaders oversaw the signing of around 30 agreements on economic cooperation in various sectors, Cuban state media reported. China is Cuba's second largest trading partner after Venezuela. Cuba has become a hot...

  • WASHINGTON— Donald Trump's status as a Washington outsider fuels his fiery populism and also is helping to shield him from the scrutiny House Republicans are devoting to Hillary Clinton, a former U.S. senator and secretary of state. The GOP- led, subpoena-wielding Oversight and Government Reform Committee isn't investigating Trump's business dealings, his...

  • Tax records show that Harvard University spent $253 million on scholarships in 2013 from its $35 billion endowment. Yale, the No. 2 endowment, spent $77 million of its $24 billion endowment on scholarships, an even smaller share. Meanwhile, Harvard spent more than $1 billion that year on programs and facilities, and earned $4.5 billion in endowment revenue.

  • BEIJING— In a story Sept. 21 about China's investigation of a company accused of North Korea trade violations, The Associated Press reported that researchers at a South Korean think tank said in a report that the company supplied materials used in processing nuclear bomb fuel.

  • Marissa Mayer

    Yahoo users closed accounts after the company announced it suffered one of the world's largest cyber breaches.

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • The Food and Drug Administration cleared a near-copy of the drug, dubbed Amjevita, developed by Amgen Inc. Regulators approved the drug for more than a half-dozen conditions listed on the original drug's label, including severe psoriasis and Crohn's diseases. But currently only one biosimilar cleared by the FDA approval pathway is actually on the market in...

  • NEW YORK— Municipal bond yields dipped following the Federal Reserve's policy meeting on Wednesday, recovering slightly by the end of the week. The 10- year yield on the AP Municipal Bond Index was 1.863 percent as of 5 p.m. Eastern time on Friday, down a notch from last week's close of 1.876 percent, and further off its high of 1.886 percent earlier in the week.

  • Sept 23- Many Yahoo users rushed on Friday to close their accounts and change passwords as experts warned that the fallout from one of the largest cyber breaches in history could spill beyond the internet company's services. "We're probably just going to dump Yahoo altogether," said Rick Hollister, 56, who owns a private investigation firm in Tallahassee,...

  • SAN FRANCISCO, Sept 23- The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labor market outlook, comments from policymakers on Friday suggest. When the Fed earlier this week decided to stand pat on rates, Fed Chair Janet Yellen said she felt the labor market had more room to run before it could...

  • BURLINGTON, Vt.— The University of Vermont College of Medicine is changing the way physicians are trained by switching exclusively to a hands-on approach to learning designed to encourage students to solve medical puzzles rather than just memorizing body parts and diseases. "Shifting completely away from the traditional lectures in that way, we are not...

  • WASHINGTON— Commerce Department releases new home sales for August, 10 a.m.. WASHINGTON— Commerce Department releases durable goods for August, 8:30 a.m.; Federal Reserve Chair Yellen testifies to House Financial Services Committee about bank regulation, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Commerce Department...

  • WASHINGTON, Sept 23- The U.S. National Highway Traffic Safety Administration on Friday released a series of reports into Takata Corp's defective air bag inflators, which have been linked to at least 14 deaths and more than 100 injuries and sparked the largest ever auto recall. About 100 million Takata air bag inflators have been declared defective worldwide.

  • WASHINGTON/ NEW YORK, Sept 23- The Federal Reserve on Friday outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments. The Fed also contemplated other limits like banning Wall Street control of power plants and prohibiting bank holding companies from...

  • MOSCOW, Sept 23- International tax cooperation will be in focus alongside the global economy a meeting of finance ministers from the Group of 20 developed and developing nations in Washington next month, Russia's top financial diplomat said on Friday. The G20 ministers meet in Washington on Oct. 6, on the eve of the World Bank/ IMF annual meetings, weeks after a G20...

  • RUSSIAN DEPUTY FINANCE MINISTER STORCHAK SAYS GLOBAL ECONOMY AND INTERNATIONAL TAX COOPERATION TO DOMINATE G20 AGENDA AT OCT.

  • Wall Street banks have sharply reduced their involvement in physical commodities in recent years, under pressure from regulators and lawmakers. The biggest players in the field have been Goldman Sachs and Morgan Stanley. Also, critics of Wall Street say that owning and storing commodities like aluminum in warehouses or oil in storage tankers enables banks...