SYDNEY (Reuters) - Australia's central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful increase in the local dollar.
The US economy slowed sharply in the first quarter of the year, with annualised GDP growth falling to just 0.2% from 2.2% in the final quarter of 2014.
The relationship between the government of Greece and the rest of the eurozone increasingly resembles a bad marriage. The two sides are sick of the sight of each other.
A new study finds that the Obama administration's controversial plan to cut climate-changing carbon dioxide emissions from coal-burning power plants could also reduce the number of premature deaths in the U.S.
(RTTNews.com) - Pacific Investment Management Co. LLC or Pimco's flagship Total Return Fund has ended its 17-year reign as the world's largest bond mutual fund, losing the title to rival Vanguard Group'sTotal Bond Market Index Fund.