3:57pm: The yield on the actively traded three-year government bond has surged above 2 per cent to trade above the cash rate for the first time since November last year.
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.
LONDON - The Swiss bank UBS said on Tuesday that its first-quarter profit rose 88 percent on gains in its investment bank and its wealth management business amid a sharp increase in the value of the Swiss franc.
LOS ANGELES (AP) - Wells Fargo Bank could be writing a big check after the city of Los Angeles filed a lawsuit over unfair practices in which employees opened unauthorized accounts for customers, sticking them with fees and damaging their credit.
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.