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A statement by the alliance member states said the said countries had made a decision to form a military alliance under the leadership of the Kingdom of Saudi Arabia to fight terrorism. The United Arab Emirates said two weeks ago that it is ready to commit ground troops against...

The Fed announced Wednesday its first interest rate increase in more than nine years in a landmark move signaling the U.S. has finally moved beyond the 2008 crisis.

Argentina said on Wednesday it was lifting its currency controls and would allow the peso to float when markets open, setting the stage for a sharp devaluation, following vows by new President Mauricio Macri for reforms to spur economic growth.

By Filipe Pacheco & Paula Sambo Brazil’s credit rating was cut to junk by Fitch Ratings, which became the second major ratings company to strip the country of its investment grade as Latin America’s largest economy heads to its longest recession since the Great...

Market surveys from Platts suggest that U.S. commercial crude oil inventory may have fallen by 2.5 MMbbls for the week ending December 11.

Business software maker Oracle Corp on Wednesday delivered a third-quarter profit forecast that did not quite meet analysts’ expectations, and the company’s shares fell about 1 percent in extended trading.

The bank is now more anxious about financial market stability than adding more jobs and fattening paychecks, University of OR economist Tim Duy argues.

In a recent Bloomberg column, Peter Orszag, former director of the Office of Management and Budget under President Obama, said that the elimination of the Cadillac Tax would represent a significant setback to the PPACA.

The U.S. added more jobs than expected in November, while the unemployment rate held at a seven-year low, solidifying thoughts that the Federal Reserve would hike interest rates later in the month. It would be the first interest rate hike in almost a decade.

Today, the Australian Tax office (ATO) released the tax details (total revenue, taxable income and tax paid) of more than 1,500 companies for the 2014 financial year.

The central bank will raise short-term rates from the 0.0%-to-0.25% range to between 0.25% and 0.50%.

“Promising to carpet-bomb until the desert glows doesn’t make you sound strong; it makes you sound like you’re in over your head”, Mrs. Clinton said in a speech Tuesday in Minneapolis at the University of Minnesota, taking a jab at Sen.

Investopedia calls it “one of the most influential interest rates in the US economy”.

Three rounds of quantitative easing, or asset purchases, by the Fed shifted the global flow of money while USA interest rates remained near zero for seven years.

New Death Sentences in Texas Drop To 40-Year Low, by Johnathan Silver and Jolie McCullough – Texas juries imposed new death sentences only twice in 2015 – the fewest since the death penalty was reinstated nationwide nearly 40 years ago.