A delegation from the American Chamber of Commerce has begun its first visit to Cuba in 15 years. Chamber president Thomas Donohue said he was in Cuba to assess the economic changes taking place under President Raul Castro.
Former Bank of Israel Governor Stanley Fischer was sworn in as a member of the Federal Reserve's board this week, buttressing the U.S. central bank's depleted policymaking ranks as officials map out plans to exit from their extraordinary stimulus.
The US economy shrank by an annualized 1% in the first three months of 2014, official estimates have shown. It is the worst economic performance since the first quarter of 2011 and a big fall on the 2.6% rise in economic output in the final quarter of last year.
The US House of Representatives passed legislation on Wednesday, to impose sanctions on Venezuelans responsible for human rights abuses during anti-government protests, despite Obama administration worries that they could threaten talks seeking to ease the unrest.
As the United States Federal Reserve debates the timing of its first interest rate hike since 2006, International Monetary Fund (IMF) Managing Director Christine Lagarde is urging central banks to cooperate on policy moves.
The great hype surrounding the advent of a shale gas bonanza in California may turn out to be just that: hype. The U.S. Energy Information Administration (EIA) – the statistical arm of the Department of Energy – has downgraded its estimate of the total amount of recoverable oil in the Monterey Shale by a whopping 96%. Its previous estimate pegged the recoverable resource in California’s shale formation at 13.7 billion barrels but it now only thinks that there are 600 million barrels available.
More than 100 demonstrators seeking better pay for McDonald's workers were arrested on Thursday as protesters swarmed the fast-food chain's corporate campus near Chicago demanding a minimum wage of 15 dollars an hour and the right to unionize.
Federal Reserve policymakers last month began laying groundwork for an eventual retreat from easy monetary policy with a discussion of how to best control interest rates as they remove trillions of dollars from the financial system.
The viral mosquito-borne disease, Chikunguna, has been confirmed in three counties of the state of Florida. According to the Florida Department of Health, the women who recently travelled to the Caribbean include a 29-year-old from Broward County.
China has summoned the US ambassador who had accused five Chinese military officers of hacking into American companies to steal trade secrets, warning Washington it could take further action, the foreign ministry has said.