WASHINGTON - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday.
- Existing home sales highest in almost three-and-a-half years
- Wall Street rises as concern eases over Fed tapering |
- Clearwire recommends approval of sweetened Sprint bid
- Europe closes in on tax havens; Austria agrees to swap bank data
- Exclusive: Carrefour to divest 25 pct stake in Middle East venture - sources
Recent Business News
MILAN - A board member at Italy's troubled lender Monte dei Paschi di Siena is being investigated over allegations of breaking insider trading rules and has been suspended, a judicial source said on Wednesday.
BRUSSELS - Spain's Prime Minister Mariano Rajoy on Wednesday said the country's banks may have to raise capital on the financial markets to meet higher provisioning requirements.
WASHINGTON - Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's commercial airplane division, told an investor conference on Wednesday.
VATICAN CITY - The Vatican's new financial watchdog said on Wednesday it had detected six possible attempts to use the Holy See to launder money last year, citing this as proof of its commitment to transparency.