Shinzo Abe leaves a news conference at the prime minister's official residence in Tokyo, on Dec. 9. Japan is about to enter a crucial test for Abenomics.
Dec. 10 (Bloomberg) -- General Motors Co. is free from U.S. taxpayer ownership almost half a decade after first receiving government aid, underscoring the domestic auto industry's rebound from the deepest downturn since the Great Depression.
WASHINGTON (AP) - A surging stock market and a steady recovery in home prices drove Americans' wealth to a record last summer.
TOKYO (Reuters) - Stocks saw their gains unravel in Asian trade on Tuesday, while tighter money market conditions in the euro zone helped the euro climb to a five-year peak against the yen and a six-week high against the dollar.
Fannie Mae (FNMA) and Freddie Mac, the U.S.-owned mortgage-finance companies, will raise the fees they charge lenders to guarantee loans as part of an effort to shrink their presence in the mortgage market, the Federal Housing Finance Agency said.