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  • Business » Did the US Economy Contract in Q1?
    May 6, 2014, 21:44 GMT

    The latest round of trade data courtesy of the Commerce Department has raised speculation the US economy may have contracted in the first quarter. The trade deficit narrowed in March from $41.9 billion to $40.4 billion, led by an uptick in exports. However, the narrowing was less than what government economists had forecast when they

  • The British pound was unable to extend its rally for a third day, falling below the 1.64 handle amid a dearth of economic data. The best performing development-nation currency of the past six months is expected to remain supported amid speculation the Federal Reserve won’t pare back asset purchases next week. Pound sterling hit a

  • Forex » House Debates SNAP This Holiday
    November 29, 2013, 07:44 GMT

    Heading into the holiday season, food is on the minds of many including lawmakers. On Tuesday, the White House kept pressure on Congress to ensure the poor and lower income families have something to eat this year. The Obama administration kept pressure on Congress to pass a new multi-year farm bill without resorting to the

  • US President Barack Obama has agreed to seek a diplomatic solution on Syria after Russia pushed forward a plan to disarm the chemical weapons arsenal of its Middle Eastern ally. In his address to the nation Tuesday evening Obama asked Congress to delay its vote on a proposed military strike against Syria. Obama’s 15-minute address

  • US President Barack Obama continued his campaign for a military strike on Syria in the hours leading up to his public address. Russia’s bid to diffuse the likelihood of a US-led threat gained momentum Tuesday, shifting the debate back to the United Nations Security Council. Russia’s initiative calls for Syria to surrender its chemical weapons

  • Forex » Congress set to vote on Syria Wednesday
    September 10, 2013, 11:19 GMT

    Market participants have shifted their attention to Wednesday, when US lawmakers are expected to vote on whether to authorize a military strike on Syria. Until now, the United States, along with several other nations, has reportedly armed rebel groups with weapons in an attempt to bring down the forces of President Bashar al-Assad. US President