US added 160,000 jobs in April; jobless rate 5%

The US economy added 160,000 jobs in April, extending the longest streak of private-sector job growth on record. American businesses created 160,000 new jobs in last month and the unemployment rate......

US IT industry opposes Obama's move to tax overseas earning

America's IT industry has opposed US President Barack Obama's move to tax overseas earnings and appealed for a complete reboot of the country's "dysfunctional tax code". "The proposal to tax......

Shutdown cost 120,000 US jobs: White House

The recent government shutdown and debt default crisis hit the US economy so badly that it cost the country 120,000 jobs and wiped out 0.25 per cent of economic growth for the fourth quarter, the......

2014 made a lot of promises; can the new year deliver?

The banking sector has hopes of ushering into the new year with a big bang. Image: Bankers expect 2015 to be an eventful one for the industry. Photograph: Amit Dave/Reuters Rate cut: Despite......