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    • Fed Chairman Ben Bernanke is on a television screen as trader James Dresch works in a booth on the floor of the New York Stock Exchange Wednesday, June 19, 2013.  The Federal Reserve offered a hint Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. (AP Photo/Richard Drew)
      Stocks slide as Fed says bond purchases could slow STEVE ROTHWELL - Associated Press - 7 mins ago

      NEW YORK (AP) — Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and … More »Stocks slide as Fed says bond purchases could slow

      Fed Chairman Ben Bernanke is on a television screen as trader James Dresch works in a booth on the floor of the New York Stock Exchange Wednesday, June 19, 2013.  The Federal Reserve offered a hint Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. (AP Photo/Richard Drew)

      NEW YORK (AP) — Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next.

    • Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Wednesday, June 19, 2013. Bernanke. The Federal Reserve said Wednesday that it will maintain the pace of its bond-buying program to keep long-term interest rates at record lows. But it offered a more optimistic outlook for the U.S. economy and job market. (AP Photo/Susan Walsh)
      Fed suggests it's closer to slowing bond purchases MARTIN CRUTSINGER - Associated Press - 56 mins ago

      WASHINGTON (AP) — Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end … More »Fed suggests it's closer to slowing bond purchases

      Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Wednesday, June 19, 2013. Bernanke. The Federal Reserve said Wednesday that it will maintain the pace of its bond-buying program to keep long-term interest rates at record lows. But it offered a more optimistic outlook for the U.S. economy and job market. (AP Photo/Susan Walsh)

      WASHINGTON (AP) — Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening.

    • U.S. Federal Reserve Chairman Bernanke speaks during a news conference in Washington
      Bernanke says Fed likely to reduce bond buying this year Alister Bull and Pedro da Costa - Reuters - 1 hr 19 mins ago

      By Alister Bull and Pedro da Costa WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the … More »Bernanke says Fed likely to reduce bond buying this year

      U.S. Federal Reserve Chairman Bernanke speaks during a news conference in Washington

      By Alister Bull and Pedro da Costa WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. Bernanke's confirmation that the Fed is getting closer to pulling back …

    • U.S. President Barack Obama announces Michael Froman as his nominee for U.S. Trade Representative at the White House in Washington
      Senate approves Froman as U.S. trade representative Reuters - 1 hr 19 mins ago

      WASHINGTON (Reuters) - The Senate on Wednesday overwhelmingly approved White House international economic affairs adviser Michael Froman to be the next U.S. trade representative, … More »Senate approves Froman as U.S. trade representative

      U.S. President Barack Obama announces Michael Froman as his nominee for U.S. Trade Representative at the White House in Washington

      WASHINGTON (Reuters) - The Senate on Wednesday overwhelmingly approved White House international economic affairs adviser Michael Froman to be the next U.S. trade representative, sending him into the fray of two huge trade negotiations in Asia and Europe. Froman, a longtime friend of President Barack Obama, has already …

    • Traders work on the floor at the New York Stock Exchange
      Wall St. drops after Bernanke hints at slowing stimulus Ryan Vlastelica - Reuters - 2 hrs 5 mins ago

      By Ryan Vlastelica NEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to … More »Wall St. drops after Bernanke hints at slowing stimulus

      Traders work on the floor at the New York Stock Exchange

      By Ryan Vlastelica NEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough. Equities have been closely tethered to ultra-loose monetary policy, which has …

    • A woman in a traditional "Kimono" carries shopping bags at a shopping district in Tokyo
      'No, we can't': Japan's conservative values collide with plan to mobilize women for economy Linda Sieg - Reuters - 2 hrs 11 mins ago

      By Linda Sieg TOKYO (Reuters) - Days after Kaoru Shimada and other Japanese mothers rallied in Tokyo this year to press for more public daycare, she was shocked to read … More »'No, we can't': Japan's conservative values collide with plan to mobilize women for economy

      A woman in a traditional "Kimono" carries shopping bags at a shopping district in Tokyo

      By Linda Sieg TOKYO (Reuters) - Days after Kaoru Shimada and other Japanese mothers rallied in Tokyo this year to press for more public daycare, she was shocked to read a local politician's blog blasting their "shameless" demands and asserting kids should be raised at home. Prime Minister Shinzo Abe has vowed to take steps, …

    • Protestors destroy ATM machines at a local a bank in Sao Paulo, Brazil, Tuesday, June 18, 2013. Thousands of demonstrators flooded into a square in Brazil’s economic hub, Sao Paulo, on Tuesday. Sparked earlier this month by a 10-cent hike in bus and subway fares and organized via social media, the nationwide protests are giving voice to growing discontent over the gap between Brazil’s high tax burden and the low quality of public infrastructure, echoing similar mobilizations in Turkey, Greece and other parts of the globe where weariness with governments has exploded in the streets. (AP Photo/Nelson Antoine)
      Greek coalition talks drag on to end TV crisis DEREK GATOPOULOS and NICHOLAS PAPHITIS - Associated Press - 2 hrs 33 mins ago

      ATHENS, Greece (AP) — Greece's governing coalition failed to end a political crisis triggered by the closure of state broadcaster ERT, but said talks would continue Thursday … More »Greek coalition talks drag on to end TV crisis

      Protestors destroy ATM machines at a local a bank in Sao Paulo, Brazil, Tuesday, June 18, 2013. Thousands of demonstrators flooded into a square in Brazil’s economic hub, Sao Paulo, on Tuesday. Sparked earlier this month by a 10-cent hike in bus and subway fares and organized via social media, the nationwide protests are giving voice to growing discontent over the gap between Brazil’s high tax burden and the low quality of public infrastructure, echoing similar mobilizations in Turkey, Greece and other parts of the globe where weariness with governments has exploded in the streets. (AP Photo/Nelson Antoine)

      ATHENS, Greece (AP) — Greece's governing coalition failed to end a political crisis triggered by the closure of state broadcaster ERT, but said talks would continue Thursday to try to avoid a snap election that could delay vital economic reforms and disrupt the country's bailout program.

    • Summers looks into the audience at the Bretton Woods Committee International Council in Washington
      Housing recovery to 'accelerate' U.S. economy: Summers Steven Scheer - Reuters - 3 hrs ago

      By Steven Scheer JERUSALEM (Reuters) - A recovery in the housing market and strong growth in consumer wealth will help jump-start the U.S. economy later in 2013, said … More »Housing recovery to 'accelerate' U.S. economy: Summers

      Summers looks into the audience at the Bretton Woods Committee International Council in Washington

      By Steven Scheer JERUSALEM (Reuters) - A recovery in the housing market and strong growth in consumer wealth will help jump-start the U.S. economy later in 2013, said Larry Summers, a former adviser to President Barack Obama. Summers, considered a possible candidate to replace Federal Reserve Chairman Ben Bernanke when …

    • Fed sees lower US unemployment, more growth CHRISTOPHER S. RUGABER - Associated Press - 3 hrs ago

      WASHINGTON (AP) — The Federal Reserve sketched a slightly brighter picture of the U.S. economy this year and next, a sign it is moving closer to slowing its bond-buying … More »Fed sees lower US unemployment, more growth

      WASHINGTON (AP) — The Federal Reserve sketched a slightly brighter picture of the U.S. economy this year and next, a sign it is moving closer to slowing its bond-buying program.

    • Oil down slightly as Fed signal easing of stimulus The Associated Press - Associated Press - 3 hrs ago

      NEW YORK (AP) — The price of oil fell slightly Wednesday as the Federal Reserve indicated it's closer to easing up on economy boosting measures that have been a boon … More »Oil down slightly as Fed signal easing of stimulus

      NEW YORK (AP) — The price of oil fell slightly Wednesday as the Federal Reserve indicated it's closer to easing up on economy boosting measures that have been a boon for commodities.

    • Gamers play the slot machines at the Empire City Casino in Yonkers, New York
      New York strikes deal to allow Las Vegas-style casinos Francesca Trianni - Reuters - 3 hrs ago

      By Francesca Trianni NEW YORK (Reuters) - New York Governor Andrew Cuomo struck a deal with state lawmakers to license new resort-style casinos, in an effort to help … More »New York strikes deal to allow Las Vegas-style casinos

      Gamers play the slot machines at the Empire City Casino in Yonkers, New York

      By Francesca Trianni NEW YORK (Reuters) - New York Governor Andrew Cuomo struck a deal with state lawmakers to license new resort-style casinos, in an effort to help revive a stagnant economy in upstate New York, the governor said on Wednesday. The agreement would amend the state constitution to legalize public, non Native …

    • Instant View: Fed to keep buying bonds, boosts 2014 forecasts Reuters - 4 hrs ago

      (Reuters) - The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back … More »Instant View: Fed to keep buying bonds, boosts 2014 forecasts

      (Reuters) - The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a close. KEY POINTS: *Describing the economy as expanding moderately, Fed …

    • The Fed's 3 New Sentences That Matter
      The Fed's 3 New Sentences That Matter Dashiell Bennett - The Atlantic Wire - 4 hrs ago

      The Federal Reserve announced the results of its latest all-important Open Markets Committee meeting on Wednesday afternoon, and they're exactly the same as last month's … More »The Fed's 3 New Sentences That Matter

      The Fed's 3 New Sentences That Matter

      The Federal Reserve announced the results of its latest all-important Open Markets Committee meeting on Wednesday afternoon, and they're exactly the same as last month's results—but with three important changes. The committee's official statement reads that "economic growth will proceed at a moderate pace and the unemployment …

    • Bank of Canada's Poloz speaks Reuters - 5 hrs ago

      (Reuters) - Below are key quotes from an appearance by Bank of Canada Governor Stephen Poloz: ON RECENT ECONOMIC DATA: "We would never focus all of our attention on a … More »Bank of Canada's Poloz speaks

      (Reuters) - Below are key quotes from an appearance by Bank of Canada Governor Stephen Poloz: ON RECENT ECONOMIC DATA: "We would never focus all of our attention on a single data point. For us it is a question of how is that trend shifting through time? Our sense of the numbers is they are coming together more or less as …

    • Bank of Canada Governor Poloz prepares to speak before a parliamentary committee on Parliament Hill in Ottawa
      Bank of Canada in uncharted territory, says new chief Poloz Euan Rocha and Peter Henderson - Reuters - 5 hrs ago

      By Euan Rocha and Peter Henderson BURLINGTON, Ontario (Reuters) - The Bank of Canada cannot rely on its usual models to assess the economy because of unexpectedly high … More »Bank of Canada in uncharted territory, says new chief Poloz

      Bank of Canada Governor Poloz prepares to speak before a parliamentary committee on Parliament Hill in Ottawa

      By Euan Rocha and Peter Henderson BURLINGTON, Ontario (Reuters) - The Bank of Canada cannot rely on its usual models to assess the economy because of unexpectedly high levels of uncertainty, with the biggest risks coming from abroad, the new central bank chief, Stephen Poloz, said on Wednesday. Answering audience questions …

    • Trader Dudley Devine, foreground, uses his mobile phone and handheld device, as he works on the floor of the New York Stock Exchange Wednesday, June 19, 2013. Stocks edged lower in early trading on Wall Street Wednesday as investors waited for word from the Federal Reserve. (AP Photo/Richard Drew)
      Stock market falls as traders fear stimulus cuts STEVE ROTHWELL - AP - 5 hrs ago

      NEW YORK (AP) — Stocks are falling after the Federal Reserve gave a slightly more optimistic outlook for the U.S. economy, which investors took as a hint that the bank … More »Stock market falls as traders fear stimulus cuts

      Trader Dudley Devine, foreground, uses his mobile phone and handheld device, as he works on the floor of the New York Stock Exchange Wednesday, June 19, 2013. Stocks edged lower in early trading on Wall Street Wednesday as investors waited for word from the Federal Reserve. (AP Photo/Richard Drew)

      NEW YORK (AP) — Stocks are falling after the Federal Reserve gave a slightly more optimistic outlook for the U.S. economy, which investors took as a hint that the bank was nearer to a decision to reduce its economic stimulus program.

    • Fed says it will continue $85B in bond purchases MARTIN CRUTSINGER - AP - 5 hrs ago

      WASHINGTON (AP) — The Federal Reserve said Wednesday that it will maintain the pace of its bond-buying program to keep long-term interest rates at record lows. But it … More »Fed says it will continue $85B in bond purchases

      WASHINGTON (AP) — The Federal Reserve said Wednesday that it will maintain the pace of its bond-buying program to keep long-term interest rates at record lows. But it offered a more optimistic outlook for the U.S. economy and job market.

    • Trader Dudley Devine, foreground, uses his mobile phone and handheld device, as he works on the floor of the New York Stock Exchange Wednesday, June 19, 2013. Stocks edged lower in early trading on Wall Street Wednesday as investors waited for word from the Federal Reserve. (AP Photo/Richard Drew)
      Stocks edge lower as Fed raises outlook on US STEVE ROTHWELL - AP - 5 hrs ago

      NEW YORK (AP) — Stocks are falling after the Federal Reserve gave a slightly more optimistic outlook for the U.S. economy, which investors took as a hint that the bank … More »Stocks edge lower as Fed raises outlook on US

      Trader Dudley Devine, foreground, uses his mobile phone and handheld device, as he works on the floor of the New York Stock Exchange Wednesday, June 19, 2013. Stocks edged lower in early trading on Wall Street Wednesday as investors waited for word from the Federal Reserve. (AP Photo/Richard Drew)

      NEW YORK (AP) — Stocks are falling after the Federal Reserve gave a slightly more optimistic outlook for the U.S. economy, which investors took as a hint that the bank was nearer to a decision to reduce its economic stimulus program.

    • UK top court ruling threatens Western sanctions against Iran Clare Hutchison - Reuters - 6 hrs ago

      By Clare Hutchison LONDON (Reuters) - Western government sanctions against Iran suffered a big setback on Wednesday when Britain's top court ruled that the government … More »UK top court ruling threatens Western sanctions against Iran

      By Clare Hutchison LONDON (Reuters) - Western government sanctions against Iran suffered a big setback on Wednesday when Britain's top court ruled that the government was wrong to have imposed sanctions on the biggest Iranian private bank over alleged links to Tehran's nuclear program. The Bank Mellat case and more than …

    • People walk past a branch of Iran's Bank Mellat in Istanbul
      British Supreme Court ruling threatens Western sanctions against Iran Clare Hutchison - Reuters - 6 hrs ago

      By Clare Hutchison LONDON (Reuters) - Western government sanctions against Iran suffered a big setback on Wednesday when Britain's top court ruled that the government … More »British Supreme Court ruling threatens Western sanctions against Iran

      People walk past a branch of Iran's Bank Mellat in Istanbul

      By Clare Hutchison LONDON (Reuters) - Western government sanctions against Iran suffered a big setback on Wednesday when Britain's top court ruled that the government was wrong to have imposed sanctions on the biggest Iranian private bank over alleged links to Tehran's nuclear programme. The Bank Mellat case and more than …

    • U.S. puts Russia on notice in first report on WTO compliance Doug Palmer - Reuters - 6 hrs ago

      By Doug Palmer WASHINGTON (Reuters) - The United States, in the first report on Russia's compliance with its World Trade Organization commitments, said on Wednesday it … More »U.S. puts Russia on notice in first report on WTO compliance

      By Doug Palmer WASHINGTON (Reuters) - The United States, in the first report on Russia's compliance with its World Trade Organization commitments, said on Wednesday it was closely watching Moscow for any violations that thwart U.S. exports to the world's sixth-largest economy. But in the report required by Congress, the …

    • Bank of Canada says business confidence crucial, urges patience Euan Rocha and Peter Henderson - Reuters - 6 hrs ago

      By Euan Rocha and Peter Henderson BURLINGTON, Ontario (Reuters) - The Bank of Canada is relying on a rebound in businesses confidence to drive the economy's return to … More »Bank of Canada says business confidence crucial, urges patience

      By Euan Rocha and Peter Henderson BURLINGTON, Ontario (Reuters) - The Bank of Canada is relying on a rebound in businesses confidence to drive the economy's return to health, the central bank's new chief, Stephen Poloz, said on Wednesday in a speech that revealed no clear leanings on monetary policy. In his first speech …

    • Handlers scan and affix a courier route label onto packages moving down the belt at the Marina Del Rey, California FedEx station
      FedEx posts higher-than expected profit, will cut more capacity Nivedita Bhattacharjee - Reuters - 7 hrs ago

      By Nivedita Bhattacharjee (Reuters) - FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight … More »FedEx posts higher-than expected profit, will cut more capacity

      Handlers scan and affix a courier route label onto packages moving down the belt at the Marina Del Rey, California FedEx station

      By Nivedita Bhattacharjee (Reuters) - FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting more capacity between the United States and Asia. The company, considered an economic bellwether because of the massive …

    • U.S. President Barack Obama gestures during a news conference with German Chancellor Angela Merkel at the German Chancellery on Wednesday, June 19, 2013, in Berlin. Obama will renew his call to reduce the world's nuclear stockpiles, including a proposed one-third reduction in U.S. and Russian arsenals, a senior administration official said. (AP Photo/Evan Vucci)
      Obama warns EU over high youth unemployment JUERGEN BAETZ - AP - 7 hrs ago

      BERLIN (AP) — President Barack Obama raised the prospect Wednesday that Europe might need to adjust its economic policies to tackle high youth unemployment and make sure … More »Obama warns EU over high youth unemployment

      U.S. President Barack Obama gestures during a news conference with German Chancellor Angela Merkel at the German Chancellery on Wednesday, June 19, 2013, in Berlin. Obama will renew his call to reduce the world's nuclear stockpiles, including a proposed one-third reduction in U.S. and Russian arsenals, a senior administration official said. (AP Photo/Evan Vucci)

      BERLIN (AP) — President Barack Obama raised the prospect Wednesday that Europe might need to adjust its economic policies to tackle high youth unemployment and make sure that some countries don't "lose a generation."

    • Turkey's economy is vulnerable Hugo Dixon - Reuters - 9 hrs ago

      By Hugo Dixon LONDON, June 17 (Reuters Breakingviews) - Tayyip Erdogan seems to like the concept of "choking" things. At the weekend, Turkey's prime minister sent riot … More »Turkey's economy is vulnerable

      By Hugo Dixon LONDON, June 17 (Reuters Breakingviews) - Tayyip Erdogan seems to like the concept of "choking" things. At the weekend, Turkey's prime minister sent riot police into an Istanbul park with tear gas and water cannons to clear out the protesters. A week earlier, he had threatened to "choke" an alleged "high-interest-rate …

     

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