Global Economy
Obama to Name Froman as U.S. Trade Representative
President Barack Obama on Thursday will name top international economic affairs adviser Mike Froman as his choice to be U.S. trade representative, a White House official said, handing the job to a ...
Eurozone Sees Light at End of Tunnel, Also More Rough Stops Ahead
There are no calls for celebration, no desire to relax in the corridors of Brussels but some officials believe the euro zone has turned a corner, sharpening the focus on longer-term reforms and ...
Retailers to Compensate Victims of Bangladesh Factory Disaster
Two Western retailers have promised to compensate families of garment workers killed while making their clothes in a Bangladesh factory building that collapsed last week in the country's worst ...
Analysis: Angst Over European Union ‘Treaty Change’
If there are two words that tense the jaws of European policymakers and prompt a concerned sucking of teeth, they are treaty change. Like a nervous driver being told mid-route that he needs a ...
U.S. May Not Hit Debt Limit Until October
The United States might not hit the statutory limit on its debt until October, a policy research group said on Friday, giving Republican lawmakers more time to extract spending cuts from the Obama ...
Chastened Banks Cuts Tens Of Thousands Of Jobs
Banks aren't the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, ...
Harvard Debt Luminaries Don’t Like Austerity As Much As You Think
Two academics whose research became an intellectual touchstone for pro-austerity politicians want everyone to know they have been misunderstood. They actually don't think harsh austerity is such a ...