Economy & Business

Senate Homeland Security and Governmental Affairs Permanent subcommittee on Investigations Chairman Sen. Carl Levin (L) and the subcommittee's ranking Republican Sen. John McCain arrive on Capitol Hill, May 21, 2013, for a hearing on methods used by multi

Apple Faces Questions on US Tax Dodging

Apple says it paid about $6 billion in US taxes in 2012, but investigators say it would have had to pay billions more without overseas accounts More

People walk past the Apple logo near an Apple Store at a shopping area in central Beijing, February 19, 2013

Senate Panel Accuses Apple of Using Complex Tax Loopholes

Senate committee says Apple has avoided paying taxes on billions of dollars in profits More

Shoppers walk across Canton Road, famous for its luxury brand stores, at Hong Kong's Tsim Sha Tsui shopping district, May 9, 2013.

On Fleeting Hong Kong Trips, Chinese Make Frugal Fashionable

Bargain-hunters turn Hong Kong into a must-be location for retailers braving some of the world's most expensive commercial rentsMore

 A news headline about the Tumblr sale to Yahoo scrolls on a building in New York's Times Square, May 20, 2013.

Yahoo Buying Tumblr for $1.1 Billion

Acquisition gives struggling Internet pioneer much-needed social media platform to reach younger generation More

Germany's federal reserve Bundesbank President Jens Weidmann stands beside the door of a giant safe as he poses for a photograph at the money museum next to the Bundesbank headquarters, in Frankfurt, Germany, May 17, 2013.

Bundesbank Chief Says France Must Take Deficit Cuts Seriously

Credibility of new eurozone rules will be hurt if their flexibility is pushed to the limit, President Jens Weidmann said in newspaper interview More


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Nigeria Switching to Foreign Debt to Lower Costs

Country is one of several African nations seeking to ride the wave of cheap money generated the West's less stringent monetary policies
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Audio Developing World Investment to Rise

World Bank report says global stock of capital to sharply increase
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Can Worker Safety Momentum in Bangladesh Last?

Some advocates concerned that efforts to improve working conditions will fade as tragedy moves out of news spotlight
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Opinion: Washington's Scandals Won't Stunt US Recovery

Obama administration, its allies are right to be worried, but those who invested in US growth have little reason to fret
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The Cost of No Sweatshops: S. Africa Struggles Not to Be Bangladesh

Decades after end of white rule, Africa's biggest economy still has millions of unskilled workers, many living on less than $5 a day
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What Determines Tax Status of IRS Targeted Groups?

Under US law, certain charitable, religious, educational and cultural organizations are tax exempt
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Google Launches Streaming Music Service Ahead of Apple

Amazon, Apple reportedly working on streaming music
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Video European Recession Now Longer Than 2008 Financial Crisis

Nine Eurozone countries are now in recession
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Video European Recession Now Longer Than 2008 Financial Crisis

The Eurozone economy shrank more than expected in 2013, falling two tenths of one percent between January and March. The new data means the 17-nation currency bloc has now been in recession for six consecutive quarters - longer even than the deep recession that followed the global financial crisis of 2008. Mil Arcega has more.

World Currencies

EUR
USD
0.7661
JPY
USD
99.249
GBP
USD
0.6510
CAD
USD
1.0118
INR
USD
54.524

Rates may not be current.