US Senate poised to confirm Janet Yellen as Fed chair

Last Updated: Monday, January 6, 2014, 11:41

The US Senate, kicking off its 2014 session on Monday, intends to waste no time making history as it moves to approve Janet Yellen to be the first woman to head the Federal Reserve.

Iran lawmakers introduce uranium-enrichment bill

Last Updated: Wednesday, December 25, 2013, 23:57

Iran`s state television broadcaster is reporting that some 100 lawmakers have introduced a bill that would force the government to increase uranium enrichment to 60 percent if new sanctions are imposed on the Islamic Republic.

Max Baucus to be named US ambassador to China

Last Updated: Thursday, December 19, 2013, 08:16

US President Barack Obama intends to nominate a senior Democratic senator as ambassador to China, party officials has said.

Asia shares climb on Fed commitment, dollar jumps

Last Updated: Thursday, December 19, 2013, 07:30

Asian share markets rallied on Thursday as a Federal Reserve commitment to low rates offset a long-dreaded decision to taper stimulus, sending Wall Street to record heights and the dollar galloping above 104.00 yen for the first time since 2008.

US Senate passes budget deal, focus shifts to spending

Last Updated: Thursday, December 19, 2013, 03:18

The US Senate on Wednesday passed a two-year budget deal to ease automatic spending cuts and reduce the risk of another government shutdown, shifting the focus to a spending measure that Congress must pass by January 15.

US budget deal clears crucial test vote in Senate

Last Updated: Wednesday, December 18, 2013, 04:59

A two-year US budget deal that eases some automatic spending cuts cleared a crucial Senate test vote on Tuesday, all but assuring its passage by a simple majority later this week in the Democratic-controlled Senate.

Jeh Johnson confirmed as new US Homeland Security chief

Last Updated: Tuesday, December 17, 2013, 06:48

The US Senate easily confirmed Jeh Johnson, a former top Pentagon lawyer, to be the next head of the Department of Homeland Security.

US Senate to vote on Yellen, budget next week

Last Updated: Saturday, December 14, 2013, 09:51

The US Senate will vote next week on the new budget deal and Janet Yellen`s nomination to lead the Federal Reserve, Senate Majority Leader Harry Reid said Friday.

Berlusconi`s children rally round after Senate exit

Last Updated: Thursday, November 28, 2013, 15:31

Silvio Berlusconi`s children have rallied around their father, after he was expelled from the Italian Senate in a humiliating coda to his 20-year parliamentary career.

Italy`s Berlusconi accuses left of `coup d`etat`

Last Updated: Sunday, November 24, 2013, 17:07

Italy`s Silvio Berlusconi accused the left today of attempting a coup d`etat, as he prepares for a Senate vote this week which will likely see him ousted following his conviction for tax fraud.

Barack Obama asks senators to `pause` new Iran sanctions

Last Updated: Wednesday, November 20, 2013, 09:19

US President Barack Obama on Tuesday held a meeting with the senators and asked them to not propose new sanctions on Iran for now and permit the world powers to negotiate a nuclear deal.

Senate panel to vote on Yellen Thursday

Last Updated: Tuesday, November 19, 2013, 09:38

Yellen, 67, was picked by President Barack Obama to replace Bernanke when he leaves the post as Fed chief at the end of eight years in the job on January 31.