by Siyuan Du | Jul 9, 2015 | Business & Tech
Washington – The International Monetary Fund Thursday trimmed the forecast for global economic growth this year to 3.3 percent, mainly due to unexpected output contraction in North America. In the update to its World Economic Outlook, the IMF expected the global...
by Xiaolan Tang | Jul 8, 2015 | Business & Tech, Topics
WASHINGTON — Treasury Secretary Jacob Lew said Wednesday the meltdown of the Chinese stock market and the slowdown of the huge country’s economy is not an immediate threat to the continued growth of the U.S. economy. “If you look at China, you have to separate...
by Lucy Ren | Jul 8, 2015 | Business & Tech
WASHINGTON–Insurance and investment management companies want an “off-ramp” for companies deemed systemically important financial institutions, a designation that subjects them to tougher scrutiny, top executives told a Senate Committee on Banking, Housing and...
by Lucy Ren | Jul 7, 2015 | Business & Tech, Topics
WASHINGTON—In light of the approaching fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, experts including Treasury Secretary Jacob Lew are evaluating the impact of the most far reaching and controversial reform in the U.S. financial...
by Kulwant Saluja | Jul 7, 2015 | Business & Tech
WASHINGTON, D.C., July 7 — Greece’s rejection of bailout terms imposed by European creditors has deeply concerned western economists, but the referendum had only a mild impact on the U.S. stock market. Greek Prime Minister Alexis Tsipras said that his...
by Xiaolan Tang | Jul 2, 2015 | Business & Tech
Former Gov. Rick Perry took his case for the GOP presidential nomination to Washington Thursday, arguing that it is the Republican Party’s moral and historical duty to court black voters. Published in conjunction with
