WASHINGTON (AP) - Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the US Treasury is faced with the prospect of defaulting on the national debt.
RALSTON, Neb. (AP) - US billionaire Warren Buffett isn't just Berkshire Hathaway's chairman and CEO. He's also the chief salesman.
Singapore shares opened lower on Tuesday, with the benchmark Straits Times Index at 3,446.42 in early trade, down 0.23 per cent, or 7.81 points.
LONDON (REUTERS) - British Prime Minister David Cameron on Monday told Google's executive chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates.
WASHINGTON (AFP) - Former World Bank president Robert Zoellick said on Monday Japan's economic drive needed accompanying structural reforms, voicing fear that recent growth could be just a "sugar high". Japan posted 0.9 per cent quarter-to-quarter growth in the three months through March, during which time Prime Minister Shinzo Abe took charge with a platform that has featured ramping up money supply and intense fiscal stimulus.