The U.S. Congress could soon pass a bill to further squeeze Iran's oil exports — and its nuclear program — but new sanctions may fail to cut the country's crude sales much more than existing ones already have.
Investors bracing for the U.S. Federal Reserve to wind down its monetary stimulus have fled emerging markets in recent months, and while the impact of slow capital flows is likely to be felt for some time, some countries will fare much better than others.
White House efforts to convince the U.S. Congress to back military action against Syria are not only failing, they seem to be stiffening the opposition.
Australia's prime minister-elect risks becoming a victim of his own success following an emphatic election win that threatens to reopen splits within his conservative coalition.
Progressive groups opposing Lawrence Summers as the next Federal Reserve chairman are stepping up pressure on President Barack Obama to make a different choice, emphasizing the price his Democratic Party would pay for nominating the former U.S. Treasury Secretary and White House aide.
It would hardly be a surprise to Syrian President Bashar al-Assad or his military if American missiles start hitting Syria soon.
Mexico's Enrique Pena Nieto has only been in charge nine months, but the success of his presidency depends largely on how he steers divisive economic reforms through Congress with the opposition by the end of this year.
The U.S. Congress, which votes largely along party lines on most issues, is displaying a different kind of split in the debate over Syria: Experienced lawmakers who support President Barack Obama's plans for military action are lining up against more skeptical and rebellious newcomers mostly from the ideological fringes of both parties.
After putting the decision to launch military strikes on Syria into the hands of Congress, U.S. President Barack Obama is doing what his critics have long accused him of failing to do: reaching out, personally and aggressively, to lawmakers on Capitol Hill.
A mega-port project on the north Kenyan coast conceived in the 1970s may finally be gaining traction based on commercial oil finds in Uganda and Kenya, but it needs more financing to compete with a Chinese-backed port in Tanzania and other rivals.