WASHINGTON (AP) – President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation’s central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time…
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VIDEO: Obama To Nominate Yellen As Bernanke Successor
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For Spain, Portugal, Italy and Greece, economists are hoping that this year’s record influx of sun-seeking tourists and their money will continue past summer’s end. As Europe?s peak holiday season draws to a close, Spain and the other countries of Southern Europe hit hardest by…
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VIDEO: Tourists Wary Of Turmoil In The Middle East Are A Boon To Southern Europe
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Chancellor Angela Merkel’s rival questioned her strategy to combat Europe’s debt crisis as he faced the German leader in their only televised debate of the country’s election campaign, saying that there is no point in applying a “deadly dose” of austerity….
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VIDEO: Merkel, German Election Rival Debate Euro Crisis
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Three of the world’s leading central banks are likely to reaffirm their determination to keep a lid on interest rates for a long time to come, despite signs that their economies are slowly on the mend.
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VIDEO: Reading the runes in Washington and Frankfurt
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The Federal Reserve said Americans spent $19.6 billion more using credit in May than in April, the largest rise since May 2012.
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VIDEO: Latest Business News: Pace of Consumer Borrowing Climbs, a Sign of Confidence
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Central Banks Criticize Europe for Political Gridlock on Economy. ECB’s Asmussen calls for stronger European institutions. EU agree rules for bank rescues by bailout fund
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VIDEO: Banking Latest News: Central Banks Criticize Europe for Political Gridlock on Economy
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UK agency has spy program; shares data with NSA. UK’s new watchdog tells banks to raise another $20.4 billion. Analysis: Half-way to lost decade, Europe’s growth task as tough as ever
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VIDEO: United Kingdom Breaking News: UK Agency Has Spy Program; Shares Data With NSA
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French president says eurozone crisis is over. China likely to tolerate 7 percent growth before hitting stimulus button. China hits back at Europe with wine probe
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VIDEO: Economy Latest News: French President Says Eurozone Crisis is Over
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Taxpayers to make $1 billion from GM stock sale. China likely to tolerate 7 percent growth before hitting stimulus button. Wall Street Ends Higher in Late Rebound
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VIDEO: Latest Business News: Taxpayers to Make $1 Billion From GM Stock Sale
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