by Isabella Zhong | Jul 22, 2013 | Business & Tech, Topics
WASHINGTON – Abenomics. That’s the popular name of the ambitious suite of measures Japanese Prime Minister Shinzo Abe introduced in December to inject new life into the chronically anemic Japanese economy. The result has been an aggressive depreciation on the value of...
by Isabella Zhong | Jul 17, 2013 | Business & Tech, Topics
Ben Bernanke signaled that the Federal Reserve will continue to maintain low interest rates, but he did not give any clear hints about whether or not the country’s central bank will be scaling back its bond-buying program later this year. Delivering his semi-annual...
by Isabella Zhong | Jul 15, 2013 | Topics
WASHINGTON — Federal Reserve Governor Daniel Tarullo said Thursday the Volcker Rule, which has encountered significant delays in taking effect, is “on track for implementation by the end of this year.” Testifying alongside Tarullo at the Senate Banking...
by Isabella Zhong | Jul 8, 2013 | Topics
Interactive Map: Top 10 countries with which the U.S. recorded the largest trade deficits in May. The country’s deficit with China expanded to $27.9 billion from $24.1 billion in April. WASHINGTON — The monthly U.S. trade deficit widened to $45 billion in...
by Isabella Zhong | Jul 2, 2013 | Business & Tech, Topics
WASHINGTON — The Federal Reserve Board of Governors Tuesday unanimously approved the final version of new capital adequacy rules for banks, bringing the U.S. one step closer to implementation of tougher international capital reforms. The reforms, commonly known...
