Economy

BRICS Nations to Discuss New Bank

Tentatively called the New Development Bank, the World Bank alternative will start with $50 billion to fund poverty relief efforts

India President's Agenda Stresses Economic Reform

President Mukherjee's ambitious plan also includes modernizing India by building smart cities and world-class industrial zones

Google Allows Europeans to be 'Forgotten' Online

Europeans from 32 countries can now access an online form to explain what links they want removed and why

Putin Kicks Off Eurasian Union, Without Ukraine

Seen as part of Putin's plan to restore lost power and influence, new bloc to initially unite Russia, Belarus and Kazakhstan

US Jobless Benefit Claims Hit 7-Year Low

Economists say figures show US labor market is improving

China Accuses British GSK Official of 'Massive Bribery' to Promote Drug Sales

Police say senior GSK vice president Mark Reilly ordered his staff to pay hundreds of millions of dollars in bribes

Yellen Upbeat on US Recovery but Says Risks Remain

Federal Reserve Chair says economy has improved to point where Fed can continue gradually reducing efforts to stimulate growth

OECD Cuts Global Growth Forecast

Experts say world economy will expand 3.4 percent this year, which is slightly less than previous projection

US Unemployment Hits 5 1/2 Year Low

US Unemployment Drops

US Unemployment Hits 5 1/2 Year Low

Labor Department reports lowest level in more than five years at 6.3 percent

Fed Upbeat Despite Dismal US Economic Report