Economy & Business
China seeks to soothe sea rifts at Asia summit
Asian leaders met against a backdrop of divisive territorial disputes and flagging free trade efforts Wednesday, with China flexing more diplomatic muscle ...Obama nominates Janet Yellen as Fed chief
US President Barack Obama has officially nominated Federal Reserve vice-chair Janet Yellen to be the next head of the US central bank.Greece forecasts it will emerge from recession in 2014
Greece will emerge from a long recession next year with the economy growing by 0.6 percent, the draft budget presented by the ...IMF head warns US debt crisis threatens world economy
The head of the International Monetary Fund is warning that if Congress fails to raise the debt ceiling the consequences could be ...Indian politician Lalu Prasad sentenced to five years in prison
Former Indian Railway Minister Lalu Prasad Yadav has been sentenced to 5 years in jail Thursday in a fodder scam case.Obama shortens Asia trip, cancels stops in Malaysia, Philippines due to government shutdown
U.S. President Barack Obama is canceling part of his planned trip to Asia this weekend because of the government shutdown, the White ...Merck cuts 8,500 extra jobs
US pharmaceutical giant Merck said Tuesday it would eliminate an additional 8,500 jobs worldwide as it seeks to cut costs by $2.5 billion by ...US government shuts down, Obama blames Republicans
US President Barack Obama has blamed Republicans in the House of Representatives for a partial government shutdown, saying they are carrying out ...US government shutdown begins after Congress fails to break impasse
The U.S. government began a partial shutdown on Tuesday for the first time in 17 years, potentially putting up to 1 million ...Indian politician Lalu Prasad Yadav found guilty; jailed
A former Indian minister, Laloo Prasad Yadav, has been sent to jail after he was convicted in a long-running corruption case.
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