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Fed Fines Taiwans Mega Bank 29 Million For Anti-money Laundering Failures

WASHINGTON – The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan’s Mega International Commercial Bank Co. $29 million for anti-money...

Mining Demand For Heating Power Us Industrial Production

WASHINGTON – U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating,...

In Replacing Dudley New York Fed Aims To Avoid Political Pitfalls

NEW YORK – Unions and groups advocating for retirees, teachers, housing, and workers’ benefits are among those visiting the ornate conference rooms of the...

In Replacing Dudley Ny Fed Aims To Avoid Political Pitfalls

NEW YORK – Unions and groups advocating for retirees, teachers, housing, and workers’ benefits are among those visiting the ornate conference rooms of the...

Utilities Mining Boost Us Industrial Production

WASHINGTON – U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating,...

Big Us Lenders Reap Benefits Of Higher Rates But Savers Not So Much

NEW YORK – The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can...

Japan Central Bank To Keep Policy On Hold Offer Upbeat Inflation View

TOKYO – Japan’s central bank is set to maintain upbeat price forecasts next week and paint a slightly better picture of the economy than it did three months...

Bitcoin Falls 25 Percent To 10200 On Bitstamp Exchange

SYDNEY – Bitcoin had lost a quarter of its value in early Asian trading on Wednesday as fears grew of a regulatory crackdown after reports that South Korea’s...

World Bank Urges Russia To Spend More On Healthcare Education

MOSCOW – Russia’s new government after its March presidential election should invest more in education and healthcare to help spur economic growth, the World...

Qatar Central Bank To Consider Topic Of Virtual Currencies Governor

DOHA – Qatar’s central bank will consider the topic of virtual currencies and there may be an opportunity in the future to introduce them in Qatar, central...