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Canada's Oliver promises balanced budget, won't cut spending

published less than 1 hour ago
Canada's Oliver promises balanced budget, won't cut spending
By David Ljunggren OTTAWA (Reuters) - Canadian Finance Minister Joe Oliver insisted on Monday that the government would balance next year's budget despite falling oil prices and said the country's economy would outperform most of its rivals. Oliver, who has consistently said Ottawa will balance the books in the 2015/16 fiscal year, announced abruptly on Jan. 15 that he would push the date of the budget at least until April so he could better judge the effects of lower revenues. ... more

Fed faces red flags as it taxis toward rate liftoff

published less than 1 hour ago
Fed faces red flags as it taxis toward rate liftoff
The Federal Reserve taxis toward a liftoff this year in interest rates in a meeting that begins Tuesday, with signs of weakness in the US economy raising questions about timing. The Fed is expected to stay the course on monetary policy in its statement Wednesday and stress patience in waiting to see whether the economy is strong enough to withstand the first increase in the federal funds rate since 2006. Since the December meeting of the Federal Open Market Committee ... more

U.S. charges three in alleged Russian spy ring in NYC

published less than 1 hour ago
By Jonathan Stempel and Nate Raymond NEW YORK (Reuters) - The U.S. government on Monday unveiled criminal charges against three men for their alleged involvement in a Russian spy ring operating in New York City. Evgeny Buryakov, Igor Sporyshev and Victor Podobnyy conspired to gather economic intelligence on behalf of Russia, including alleged information about U.S. sanctions against the country, and to recruit New York City residents as intelligence sources, U.S. Attorney General Eric Holder said in a statement. Monday's ... more

Europe's anti-austerity front hails Syriza win

published about 1 hour ago
Europe's anti-austerity front hails Syriza win
Radical left party Syriza's victory in Greece's election was welcomed by anti-austerity movements across Europe Monday, led by Spain's Podemos, which vowed to also win power this year. Populist left- and right-wing opposition parties from Britain and Ireland to France, Italy, Spain and Portugal hailed Syriza's win as a repudiation of the tough budget cuts imposed by their mainstream rivals in the recent economic crisis. Syriza, Podemos, we will win," said Pablo Iglesias, leader of Podemos, which is riding high ... more

Modi promises business-friendly India to US executives

published about 1 hour ago
Modi promises business-friendly India to US executives
Prime Minister Narendra Modi vowed to banish India's reputation as a tough place to do business Monday, telling US President Barack Obama and American CEOs that he would ease off on taxes and encourage innovation. As he promised a more "competitive" tax regime, Modi also pledged to address concerns about intellectual property that have long irked potential investors in Asia's third-largest economy. Obama, who is in the middle of a three-day visit to India, hailed the new change in tone ... more