WASHINGTON - Sophisticated criminals used an online service run by the IRS to access personal tax information from more than 100,000 taxpayers, part of an elaborate scheme to steal identities and claim fraudulent tax refunds, the IRS said Tuesday.
TOKYO Asian stocks sagged and the dollar stood tall on Wednesday on growing prospects the Federal Reserve was on track to raise interest rates later this year and concerns that financial woes could engulf Spain in addition to Greece.
The yuan is now the region's leading currency for doing business with China, trumping the Japanese yen and the Hong Kong dollar as Beijing aggressively pushes its currency through international trade channels.
The stock market endured its worst day in three weeks on Tuesday as investors fretted over Greece's debt crisis and a surge in the U.S.
Investors are bracing for market volatility and weaker equity returns as the US Federal Reserve looks increasingly likely to begin lifting interest rates this year.