US economy shrank at annual pace of 0.2% in first quarter

The US economy contracted at an annual rate of 0.2% in the first quarter of the year after being hit by bad weather, spending cuts among energy firms and the strong dollar.

Federal Reserve cautioned to watch its language over interest rates

Federal Reserve officials are increasingly at odds over how “patient” they should be with record-low interest rates, according to the minutes of the central bankers’ latest meeting.

Fed insists economy can withstand stimulus cut despite rising prices

The Federal Reserve insisted that the US economy is strong enough to withstand a cut to its stimulus program, despite being forced once again to cut its growth forecasts.

Revised US GDP figures show shrinking economy over harsh winter

The US economy contracted for the first time in three years in early 2014 after a much worse performance than originally feared.

Janet Yellen says the US economy is on the mend

In testimony in front of the US Congress, Federal Reserve chair Janet Yellen said the US economy is on the mend but reaffirmed the central bank is prepared to act should it falter.

US businesses boost hiring despite the shutdown

WASHINGTON: Employers added a surprisingly strong 204,000 jobs in October despite the 16-day government shutdown, the Labor Department said, suggesting the US economy may be sturdier than many had assumed.

Shutdown, default threat elevates appeal of US Treasuries

NEW YORK: Government shutdown. Federal default. These looming political threats to the US economy might scare investors to buy more US Treasuries in the coming days as they seek a shelter for their cash.

Federal Reserve's Ben Bernanke aims to reassure markets

Federal Reserve chairman Ben Bernanke, in his bi-annual testimony to Congress, sought to reassure markets about plans for ending its policy of easy money.

Republicans, Barack Obama far apart on 'fiscal cliff'

WASHINGTON: Both President Barack Obama and Republicans in Congress now have laid out some specifics of their vision for stepping back from the " fiscal cliff" budget crisis, but the plans are vastly different and leave politicians far from agreement with a deadline less than a month away.

Singapore's GIC alters asset mix on global turmoil

Singapore sovereign wealth fund GIC on Tuesday said its long-term returns held steady in the year to March but it had changed its investment mix amid fears of greater volatility ahead.

Singapore wealth fund Temasek sets 30-yr coupon record

July 16 (IFR) - Temasek Financial on Monday set a fresh record low coupon of 3.375% for a US dollar-denominated 30-year bond, coming inside the 3.60% achieved by agribusiness Monsanto Co just a week ago.

Global economy week ahead: Looking for takeoff in US jobs

WASHINGTON: Sorting out trends in the US labor market is tricky business these days. There is plenty of evidence to support the view that unemployment is stalled at 8.3 percent for much of the year, and a case to argue that job growth is poised for takeoff.

European stocks lower as Greece debt talks drag on

European stock markets moved lower Monday, slipping back after sharp gains made on strong US jobs data last week as investors once again tracked a lack of progress on Greece's debt problems.