NUSA DUA, Indonesia - The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy
- Nobel economics winner Fama says risk of global recession in 2014
- China to probe use of foreign currency in trade finance
- Bank of Japan Governor Kuroda warns against overly complex forward guidance
- ThyssenKrupp says keeping its European steel unit
- Judge rejects consumers' bid to block American-US Airways merger
Recent Business News
- AT&T has asked regulators to let it ignore a shareholder request for details of its customer-information sharing with government agencies, a move that could forestall a heated debate at the telecommunications giant's annual meeting.
- The city of Los Angeles has filed a lawsuit against Bank of America in U.S. federal court in California, accusing it of discriminatory mortgage lending in the city's minority communities.
- Commodity Futures Trading Commission chief Gary Gensler has convinced regulators to insert new language into the Volcker rule restricting foreign banks from evading the rule, Bloomberg reported on Friday.
NEW YORK - U.S. companies are sounding the alarm on fourth-quarter earnings, lowering profit estimates just as the stock market is poised to end its best year since 1998.
Today's jobs report showed that the US economy added 203,000 jobs in November, and the unemployment rate fell to 7.0% for the first time since recession.