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Business 05 Nov 2013 | 7:12 AM

Google's Schmidt says NSA spying outrageous if true

NEW YORK: Google Inc Executive Chairman Eric Schmidt said widespread U.S. government spying on its data centers would be outrageous and potentially illegal if true, the Wall Street Journal reported.

Business 20 Nov 2013 | 8:32 AM

Bernanke: Fed committed to easy policy for as long as needed

WASHINGTON: Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy U.S. monetary policy for as long as needed and will only begin to taper bond buying once it is assured that labor market improvements would continue

Economy 20 Nov 2013 | 11:28 AM

Fed committed to easy policy for as long as needed: Bernanke

Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy US monetary policy for as long as needed, which could mean holding interest rates near zero until "well after" US unemployment falls under 6.5%.

Business 15 Nov 2013 | 11:38 AM

U.S. officials crush 6 tons of ivory in bid to end illegal trade

COMMERCE CITY, Colo: Highlighting a pledge to crack down on the multibillion-dollar illicit global trade in wildlife, U.S. authorities on Thursday pulverized 6 tons of seized ivory from thousands of elephants slaughtered by poachers for their prized tusks.

Economy 15 Nov 2013 | 5:19 PM

Asia shares rally as Fed nominee backs stimulus

Asian markets rallied for a second day on Friday after the woman tipped to take over as Federal Reserve chief indicated she would maintain its stimulus programme for as long as needed.

Economy 08 Nov 2013 | 10:34 AM

All that Twitter is gold or tech bubble?

Twitter Inc shares jumped 73% in a frenzied trading debut that drove the seven-year-old company's market value to around US$25bil and evoked the heady days of the dot-com bubble.

Business 14 Nov 2013 | 7:36 AM

Google warns of 'splinter net' fallout from US Spying

WASHINGTON: Search giant Google Inc on Wednesday warned that U.S. spying operations risk fracturing the open Internet into a "splinter net" that could hurt American business.

Business 08 Nov 2013 | 1:22 PM

Gas boom to reshape US role in Asia: study

WASHINGTON: A boom in gas production will reshape the US role in Asia and could fuel new tensions with a growing, energy-hungry China, a new report says.

Business 17 Dec 2013 | 6:59 AM

Washington could cut Fannie, Freddie home loan limits

WASHINGTON: The U.S. government could reduce its support for high-cost mortgages as soon as October of next year, a top regulator said on Monday in a statement that amounted to a show of confidence in the housing recovery.

Economy 20 Dec 2013 | 10:49 AM

China faced the most scrutiny in 2012 over US investments

Chinese companies faced the most scrutiny over their US acquisitions last year, eclipsing British firms for the first time, according to a report issued on Thursday.