India pledged to reduce its deficit while ramping up social spending Monday as the government unveiled an annual budget aimed at balancing populism with pragmatism. High food inflation and a spate of embarrassing corruption scandals have put pressure on India’s ruling Congress Party in recent months, spooking foreign investors and sparking street protests in advance [...]
U.S. Vice President Joe Biden on Tuesday announced an ambitious $53 billion program to build new high-speed rail networks and make existing ones faster over the next 6 years. Biden, who estimated he has ridden Amtrak between Washington and his home in Wilmington, Delaware, some 7,900 times, made a strong pitch for rail transportation to [...]
World leaders are in the Japanese city of Yokohama for a meeting expected to focus on free trade, following closely on the heels of the G20 meeting in South Korea, which was overshadowed by currency disputes. The delegates are expected to talk about a collective growth strategy – a first for the Asia-Pacific Economic Co-operation [...]
Michael Tennenbaum, founder of Tennenbaum Capital Partners LLC, and Marvin Barth, chief investment strategist at the hedge fund, discuss the potential implications of yesterday’s midterm congressional elections for Federal Reserve monetary policy, the economy and investors. They speak with Margaret Brennan on Bloomberg Television’s “InBusiness.” Bernanke Breathes New Life Into Junk Bond Rally With QE2: [...]
U.S. Secretary of State Hillary Clinton on Thursday said Pakistan should step up its economic reforms and broaden its tax base so that affluent Pakistani’s also contribute to the country’s recovery from the floods disaster. At a press point together with EU Foreign Policy Chief Catherine Ashton, Clinton said. “The international community can only do [...]
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