Australia cut interest rates to a fresh record low and said there are signs of improving household spending, sending the currency and bond yields higher as markets bet policy makers won't ease further.
HONG KONG (AP) - Australian stocks slipped Tuesday even as the central bank cut interest rates to a record low to stimulate the limping economy.
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.
SACRAMENTO, Calif. (AP) - California water regulators are considering sweeping restrictions to enforce Gov. Jerry Brown's drought conservation order.
Rigid sales quotas at Wells Fargo Bank have driven employees to open unauthorized accounts for customers, sticking them with bogus fees and damaging their credit, according to a city of Los Angeles lawsuit that echoes a Times investigation.