Obama picks 'exceptionally qualified' Yellen for FedPresident Barack Obama has nominated economist Janet Yellen to lead the Federal Reserve in a move expected to sustain the central bank's easy money policies and efforts to curb joblessness.
10 October 2013
Struggling Alitalia in last-gasp bid for survivalFive years after a botched rescue, Italy's troubled carrier Alitalia gasped for survival on Tuesday buried by a mountain of debt, unpaid gas bills and only the slimmest of options.
09 October 2013
Australian PM in travel expenses furoreAustralian Prime Minister Tony Abbott was embroiled in a spiralling travel expenses scandal Tuesday as he defended his use of taxpayer money to take part in an ironman competition and other events.
Canada threatens to pull Commonwealth fundingCanada's Prime Minister Stephen Harper has threatened to withdraw funding for the Commonwealth in an escalating row over rights abuses by Sri Lanka ahead of a summit next month.
08 October 2013
Saudis take to Twitter to demand better payDespite their country boasting the world's greatest oil wealth, many Saudis complain their salaries are not enough to make ends meet, and are taking to Twitter to demand more money.
07 October 2013
White House offers over $300 mn for bankrupt DetroitThe White House offered more than $300 million in aid and support to bankrupt Detroit on Friday, as the crumbling, bankrupt Midwestern city struggles to survive.
29 September 2013
Romania gets 2 bn euro IMF standby aidThe International Monetary Fund approved Friday a standby loan of nearly two billion euros ($2.7 billion) to match a backup loan of the same size requested from the EU.
Britain gives $160 million to Syria aidBritain on Wednesday gave an extra $160 million to help Syrian refugees as the European Union urged the UN Security Council to do more to ensure humanitarian access.
Bailouts still key issue as eurozone finance ministers meetEurozone finance ministers meet in calmer times Friday but still need to ensure bailed-out member states meet their targets amid growing speculation some will need more help to get back on track.
US Federal Reserve faces changeover in midstream There's never a good time to change the head of the US central bank, according to Ethan Harris, who wrote "Ben Bernanke's Fed" about the chairman of the Federal Reserve.
Greece may need new bailout of 10bn euros Greek Finance Minister Yannis Stournaras said that if Greece required a new bailout in 2014, it would be a "much smaller" package of around 10 billion euros with no austerity conditions attached.
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