Federal Reserveexpected to raise rates for first time in a year
The Federal Reserve is expected to raise its key interest rate for the first time in a year when its policy meeting ends Wednesday. The move would lift the rate…
Banking and credit
Russian man faces US trial in lucrative hacking scheme
Government and politics, United States, Industries, Business, United States government, General news, Crime, Legal proceedings, Law and order, Trials, Washington, Identity theft, Financial industry regulation, Industry regulation, Government business and…
Politicians, celebs deny abuse of offshore accounts
By FRANK JORDANS and KEN MORITSUGU The president of Ukraine became the latest prominent politician to deny wrongdoing Wednesday after his name was linked to secretive offshore accounts arranged by…
Iceland’s leader is first victim of offshore holdings leak
By JILL LAWLESS and DAVID McHUGH The leak of millions of records on offshore accounts claimed its first high-profile victim Tuesday as Iceland’s prime minister resigned amid outrage over revelations…
Obama administration punches new holes in embargo on Cuba
By MICHAEL WEISSENSTEIN The Obama administration punched a new series of holes in the U.S. trade embargo on Cuba on Tuesday, turning a ban on U.S. tourism to Cuba into…
UN approves toughest sanctions on North Korea in 20 years
The U.N. Security Council on Wednesday unanimously approved the toughest sanctions on North Korea in two decades, reflecting growing anger at Pyongyang’s latest nuclear test and rocket launch in defiance…
The Big Uh-Oh: Global economy shaky and cavalry may not come
By DAVID McHUGH and PAUL WISEMAN Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and…
Iran moves assets, awaits benefits as sanctions are lifted
By NASSER KARIMI and JON GAMBRELL Iran successfully transferred some of the billions of dollars’ worth of frozen overseas assets following the implementation of the nuclear deal with world powers,…