The Flashy Vault Where Deutsche Bank Will Store $9 Billion of Gold by Quartz Jun 10th 2013 1:12PM Deutsche Bank, one of the world's largest dealers of gold, has begun storing bullion in the Singapore FreePort, a flashy facility that's part bunker, part gallery.
Virtual Currency Liberty Reserve Busted for Money Laundering by Eamon Murphy May 29th 2013 1:23PM Digital currencies have gained more legitimacy recently, but there are reasons for concern: Witness Tuesday's indictment against Liberty Reserve as a massive criminal scheme.
Bangladesh Rescuers Find Survivor in Factory Rubble by The Associated Press May 10th 2013 7:48AM Rescue workers in Bangladesh freed a woman buried for 17 days inside a prayer room in the wreckage of a collapsed garment factory building.
Bangladesh Factory Fire Kills 8 as Collapse Toll Tops 900 by Reuters May 9th 2013 6:34AM Eight people were killed when a fire swept through a clothing factory in Bangladesh, as the death toll from the collapse of another factory two weeks ago climbed above 900.
Subaru to Expand Indiana Factory, Add 900 Jobs by The Associated Press May 8th 2013 7:35AM Subaru said Wednesday it is investing $400 million to expand its Indiana factory and will add 900 workers to build the Impreza small car there in 2016.
IMF Chief Criticizes 'Abrupt' U.S. Budget Cuts by The Associated Press May 7th 2013 1:04PM IMF head Christine Lagarde criticized the U.S. government's budget policies as too tight Tuesday, in an appearance in Amsterdam that was interrupted by student protestors.
9 Numbers That'll Tell You How the Economy's Really Doing by Dan Caplinger May 7th 2013 9:55AM We've whittled the vast universe of economic data down to these nine key numbers that will give you a quick handle on the health of the economy.
Want a Comfortable Retirement? Move to Australia by Catherine Baab-Muguira May 3rd 2013 1:39PM Australia is not only the home of the koala, the kangaroo, and the duck-billed platypus, but may also be home to that other rare and exotic animal: the secure retirement.
Obama Nominates Pritzker, Froman for Economic Jobs by The Associated Press May 2nd 2013 7:21AM President Barack Obama has nominated Mike Froman and Penny Pritzker for the last two vacant Cabinet slots on his economic team.
Worldwide, May Day Honors Workers; Here, It Salutes 'Loyalty' by Eamon Murphy May 1st 2013 3:15PM Today is May Day, a major international celebration of workers' rights and labor solidarity. But in the U.S., where it all began, it has a different name: Law Day.
Bangladeshis March for Worker Safety as Death Toll Tops 400 by The Associated Press May 1st 2013 6:09AM Thousands of workers parade through central Dhaka, Bangladesh, on May Day to demand safety at work, after the death toll at a collapsed garment factory tops 400.
Money Never Stops Buying Happiness by Eamon Murphy Apr 30th 2013 3:20PM New research out of the Brookings Institution claims there is no ceiling above which additional wealth stops contributing to people's sense of well-being.
Collapsed Building Owner's Property to be Seized by The Associated Press Apr 30th 2013 6:51AM A top court in Bangladesh asked the government Tuesday to "immediately" confiscate the property of the owner of a building that collapsed last week.
Retailers Find Bangladesh Factories Still Make Sense by Reuters Apr 29th 2013 1:45PM Despite a series of accidents that have killed hundreds of people in recent months, dozens of major retailers and apparel makers continue to operate in Bangladesh.
Churchill's Portrait to Grace Britain's New 5 Pound Note by Reuters Apr 26th 2013 7:40AM British officials say wartime Prime Minister Winston Churchill's portrait will be featured on a new 5 pound note.
Economists' Excel Error Undermines Influential Paper by Eamon Murphy Apr 19th 2013 9:30AM Carmen Reinhart and Kenneth Rogoff are economics luminaries, with chairs at Harvard and stints at the IMF. But is their most famous argument the result of an Excel mistake?
KFC's China Sales Hit Hard by Bird Flu Outbreak by The Associated Press Apr 11th 2013 7:50AM Yum Brands says a new strain of flu is hurting its KFC sales in China, putting added pressure on its efforts to recover from an earlier controversy over its chicken suppliers.
WTO Warns of Growing Threat of Protectionism by Reuters Apr 10th 2013 8:53AM The World Trade Organization slashed its forecast for trade global growth in 2013 on Wednesday, saying it feared protectionism was on the increase.
Fitch Downgrades China's Credit Rating on Rising Debt Concerns by Reuters Apr 9th 2013 5:30PM Global ratings agency Fitch cut China's long-term local currency credit rating, citing financial risks from rapid credit expansion alongside the rise of shadow banking...
Lew Calls on Trade-Surplus Nations to Bolster Consumer Demand by Reuters Apr 9th 2013 1:10PM Speaking in Berlin, U.S. Treasury Secretary Jack Lew on Tuesday urged countries with a trade surplus to introduce policies to help domestic consumption.
U.S. Trade Gap Narrows in February on Stronger Oil, Auto Exports by The Associated Press Apr 5th 2013 10:03AM The U.S. trade deficit unexpectedly narrowed in February as exports climbed to near an all-time high and the volume of imported crude oil fell to the lowest level in 17 years.
Obama's Goal to Boost Export Levels is Halfway Home by The Associated Press Apr 4th 2013 6:20AM President Obama's five-year goal, set in January 2010, to boost U.S. export levels set is about halfway to its mark, but can the U.S. sustain the momentum?
Could the U.S. Do Like Cyprus and Seize Bank Deposits? by John Grgurich Apr 3rd 2013 4:30PM Cyprus' attempt to raid insured bank accounts has left a bad taste in the mouths of people around the world, and led some to ask: Could it ever happen here in America?
French Tax on Million-Euro Salaries Won't Exempt Soccer Teams by Reuters Apr 2nd 2013 10:59AM France's revamped 75 percent super-tax on annual salaries above €1 million will apply to all companies, including soccer clubs, which were thought to be exempt.
Cyprus' President Appoints Judges to Investigate Economic Crash by The Associated Press Apr 2nd 2013 7:16AM Cyprus' president has appointed a panel of three former supreme court judges to investigate how the country ended up nearly bankrupt.
Apple Apologizes in China Following Criticism by State Media by The Associated Press Apr 2nd 2013 6:35AM Apple apologized to Chinese consumers after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism.
Eurozone Joblessness Rises to a Record 12% by The Associated Press Apr 2nd 2013 6:02AM Unemployment across the 17 European Union countries that use the euro has struck 12 percent for the first time since the currency was launched in 1999, official figures show.
Exxon Cleaning Up Major Canadian Oil Pipeline Leak in Arkansas by Reuters Mar 31st 2013 11:39AM Exxon Mobil was working to clean up thousands of barrels of oil in Mayflower, Ark., after a pipeline carrying heavy Canadian crude ruptured in a major spill.
Bank of Cyprus' Big Depositors to Lose Up to 60% of Savings by The Associated Press Mar 30th 2013 12:10PM Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated, as part of the country's bankruptcy rescue plan.
Want to Beat the Market? Bet on Small-Cap Foreign Funds by The Associated Press Mar 29th 2013 5:25PM Two-thirds of managed U.S. stock funds failed to beat the market in 2012, but funds specializing in stocks of small foreign companies have been outperforming year after year.
Cyprus' President Urges Cypriots to 'Share the Burden' by The Associated Press Mar 29th 2013 8:40AM Cyprus' president called on the country to "share the burden" of solving its financial crisis Friday as banks opened for normal business for the second day.
