Articles by Patrice Hill
The International Monetary Fund has a "Plan B" for proceeding with reforms giving greater powers to developing countries even though the U.S. Congress hasn't approved them, but it is not ready to take that route yet, IMF Managing Director Christine Lagarde said Thursday.
Published
April 10, 2014
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Russia, China and other major developing countries — angry about the stalemate on Capitol Hill that has blocked approval of a reform plan that would give them a bigger voting share at the International Monetary Fund — are pushing to go ahead with the reforms without waiting for the United States.
Published
April 6, 2014
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American businesses created another 192,000 jobs last month and more than a half million workers surged back into the labor force to find jobs amid signs of a rebound in hiring after a long, cold winter, the Labor Department reported Friday.
Published
April 4, 2014
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Although the United States has ruled out open military conflict in response to Russia's annexation of Ukraine's Crimean Peninsula, some see growing risks that the two former superpower rivals could sink into a kind of economic Cold War.
Published
March 31, 2014
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Russia is paying a heavy price for its annexation of Crimea, with its financial markets crashing, economic growth falling, and foreign investors and citizens pulling money out of the country at a frenetic pace.
Published
March 24, 2014
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One of the best ways to spark stronger growth in the economy, economists say, is to increase immigration.
Published
March 19, 2014
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The potential annual growth rate in the U.S. has downshifted because of an aging population, reduced immigration, growing income inequality and other factors.
Published
March 19, 2014
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The Federal Reserve Wednesday said it will continue easing its stimulus program for the economy, cutting its purchases of U.S. Treasury and mortgage bonds by another $10 billion a month.
Published
March 19, 2014
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The crisis in Ukraine has unexpectedly breathed new life in the Obama administration's stalled efforts to pass legislation reforming the International Monetary Fund in Congress this year.
Published
March 12, 2014
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Unemployment ticked up to 6.7 percent last month despite a better-than-expected increase of 175,000 jobs that defied a spate of severe winter weather. the Labor Department reported Friday.
Published
March 7, 2014
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The U.S. District Court in Manhattan on Tuesday handed Chevron Corp. a major victory in its decades-long battle over pollution in the Amazon rain forest, declaring an Ecuadorean court ruling unenforceable in the U.S.
Published
March 4, 2014
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Global markets swooned Monday as Russian soldiers secured control over Ukraine's Crimean peninsula, while the threat of trade sanctions against Moscow from the West over the crisis sent oil prices soaring and the ruble plummeting.
Published
March 3, 2014
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Russia is showing the world that it does things in a big way at the Sochi Olympics. Now, at the opposite end of the vast country, Russia is aiming to be the next big player in the global shale oil revolution.
Published
February 18, 2014
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Comcast Corp.'s blockbuster $45.2 billion deal to acquire top rival Time Warner Cable will further transform the cable landscape, creating the first national cable network and presenting new challenges for rivals, regulators and viewers from Los Angeles to New York City.
Published
February 13, 2014
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Extremely cold and snowy weather inhibited America’s shoppers last month, causing a 0.4 percent drop in retail sales, and the Christmas selling season was poorer than previously reported, the Census Bureau reported on Thursday.
Published
February 13, 2014
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Janet Yellen, in her first appearance before Congress as the new chair of the Federal Reserve, sparked a major rally in global financial markets Tuesday by pledging to stick with her predecessor Ben S. Bernanke’s plan to gradually end the easy-money policies put in place during the recession.
Published
February 11, 2014
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The nation's unemployment rate slipped to 6.6 percent last month as employers added a tepid 113,000 new jobs, the Labor Department reported Friday.
Published
February 9, 2014
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The nation's unemployment rate slipped to 6.6 percent last month as employers added a tepid 113,000 new jobs, the Labor Department reported Friday.
Published
February 7, 2014
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Moody's Investors Service, one of Wall Street's three top credit raters, said Wednesday that it expects the U.S. Treasury to keep paying its debts on time even though it will run out of borrowing authority on Friday.
Published
February 5, 2014
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Henry M. Paulson Jr., the financial firefighter stationed at the epicenter of the biggest financial crisis since the Great Depression, worries that the nation is headed for another crisis because political leaders failed to learn critical lessons from the last one from 2008.
Published
February 4, 2014
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