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(MENAFN - AFP) After unemployment and deflation, Federal Reserve chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress to assert itself over monetary policy.

Newly in control of both houses on Capitol Hill, Republicans accuse the Fed of misguided policies and political bias, saying the world's most powerful central bank is too autonomous ...

(MENAFN - AFP) The New York state financial regulator has subpoenaed three major European banks and a US peer in a probe of foreign-exchange rigging, sources close to the situation told AFP Friday.

The sources, speaking on condition of anonymity, said that the regulator, Benjamin Lawsky, had sought information about currency practices from French banks BNP Paribas and Societe ...

(MENAFN - AFP) It was a traffic-light colour scheme to get any fashionista hot under the collar: red, yellow and green thigh-high boots sauntering down the catwalk at Versace's show Friday.

This was no patent leather Pretty Woman reference though, more Avengers style -- the boots paired with capes or 60s-cut dresses, as well as tunics cinched in at the waist with large buckled ...

(MENAFN - AFP) Federal Reserve Vice Chair Stanley Fischer on Friday said the Fed's exceptional large-scale asset purchases were continuing to provide "meaningful stimulus" to the US economy.

At a monetary policy forum in New York, Fischer laid out the positive effects of the central bank's massive rounds of quantitative easing aimed at pulling the economy out of the 2008-2009 ...

(MENAFN - AFP) Wall Street stocks fell modestly Friday but remained close to record highs to close out the best single-month performance since 2011.

Stocks got help from a new estimate of fourth-quarter US economic growth that came in better than expected.

Despite shedding 6.24 points (0.30 percent) for the day, the broad based S&P 500 scored its best month since ...

27 Feb 2015   Oil rebounds in volatile trade 
(MENAFN - AFP) Oil prices rebounded Friday at the end of a volatile week of trading as dealers weighed the global supply glut and slow growth in the world economy.

US benchmark West Texas Intermediate for April advanced $1.59 to close at $49.76 a barrel on the New York Mercantile Exchange, a day after WTI lost almost $3.

In London, Brent North Sea crude for April delivery, ...

(MENAFN - AFP) Google unveiled plans Friday for a new campus headquarters integrating wildlife and sweeping waterways, aiming to make a big statement in Silicon Valley -- which is already seeing ambitious projects from Apple and Facebook.

The design also includes lush public gardens, looping covered bikeways and futuristic-looking buildings that can be moved about like toy ...

(MENAFN - AFP) You could forgive fashion king Giorgio Armani the absence of capes at his Emporio show Friday, after pop diva Madonna blamed one of his creations for her fall at the Brit Awards this week.

The white-haired grandfather of fashion looked unrepentant as he took his bow for a lively autumn/winter 2015 collection based on a palette of soft blues, vibrant pinks, ...

(MENAFN - AFP) Chronic fatigue syndrome is a disease with distinct stages that can be identified through biomarkers in the blood, researchers said Friday, offering hope that earlier diagnosis may improve treatment.

Scientists at Columbia University's Mailman School of Public Health said their findings represent "the first robust physical evidence" that the syndrome is "a ...

(MENAFN - AFP) More than one billion young people risk damaging their hearing through listening to loud music, the World Health Organization (WHO) said on Friday.

The WHO estimates that around half of those between the ages of 12 and 35 in middle- and high-income countries are at risk due to unsafe levels of sound on personal audio devices or smartphones.

Another 40 ...

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