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Fed lowers U.S. economic outlook, open to further stimulus
Fed lowers U.S. economic outlook, open to further stimulus The U.S. Federal Reserve on Wednesday downwardly revised its projection of the country’s economic outlook and reaffirmed openness to further stimulating policy if needed. The economy is expected to grow by 1.6 to 1.7 percent in 2011 and 2.5 percent to 2.9 percent next year, said [...]
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Bank of America drops plan for 5 dollars debit card fee
BofA drops plan for 5 dollars debit card fee Bank of America, the second- biggest U.S. bank, announced on Tuesday it no longer planned to charge 5 U.S. dollars a month for debit usage in response to customer feedback and the changing competitive marketplace. The bank had planned to start collecting the debit-card fee as [...]
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Hillary Rodham Clinton unveils major steps to boost women’s participation in economic growth
Clinton unveils major steps to boost women’s participation in economic growth U.S. Secretary of State Hillary Rodham Clinton Friday unveiled a set of important steps for Asia-Pacific Economic Cooperation (APEC) member economies to adopt so as to give woman a bigger role to play in economic growth throughout the region. Addressing an audience at the [...]
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U.S. kills senior al-Qaeda militant
U.S. kills senior al-Qaeda militant Terror network al-Qaeda’s chief of Pakistan operations Abu Hafs al-Shahri has been killed earlier this week in Waziristan, Pakistan, U.S. media quoted a senior administration official as saying on Thursday. “Abu Hafs’ death removes a key threat inside Pakistan, where he collaborated closely with Tehrik-e Taliban Pakistan to conduct coordinated [...]
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Venezuelan President Hugo Chavez launches campaign for 2012 elections
Venezuelan president launches campaign for 2012 elections Venezuelan President Hugo Chavez Wednesday launched his presidential campaign for the country’s upcoming 2012 elections. “It is a necessity that we all work to achieve a victory, because if we don’t, we can’t even dream about it,” Chavez said in a telephone interview broadcast at an official event [...]
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Cuba urges UN General Assembly to vote against U.S. embargo
Cuba urges UN General Assembly to vote against U.S. embargo Cuba on Wednesday appealed to all 193 member countries of the United Nations to cast a vote in the United Nations General Assembly against the U.S. political and economic embargo against it. Cuban Deputy Foreign Minister Abelardo Moreno said the embargo has caused losses worth [...]
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Canada opposes Buy American provisions in U.S. stimulus plan: trade minister
Canada opposes Buy American provisions in U.S. stimulus plan: trade minister Canadian Trade Minister Ed Fast said on Wednesday that Canada will fight the Buy American provisions in the new U.S. stimulus package proposed by U.S. President Barack Obama. In a statement on Obama’s recent proposals of the American Jobs Act, Fast said the Canadian [...]
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U.S. President Barack Obama touts jobs bill as boon to small businesses
U.S. president touts jobs bill as boon to small businesses U.S. President Barack Obama Wednesday made his latest pitch to urge Congress to pass a 447-billion-dollar jobs bill, saying American small businesses and workers will benefit from the bill. Speaking at North Carolina State University, Obama noted that this bill could help small businesses cut [...]
