American economist and Harvard University Professor Lawrence H. Summers criticizes that the 50- basis point cut was a mistake, whereas a pa...

The former treasury secretary cautioned against a potential Fed rate hike following the US consumer price inflation report. Summers emphasi...

Summers discounted Friday's March jobs report, which he said reflected the strength of the economy early in the first quarter but is now le...

Trump’s plans to reduce corporate taxation, Summers said, would “hugely increase inequality” and could also help strengthen the dollar, fur...

Lawrence Summers said that same argument he’s advocated for abolishing large denominations in the US and Europe can’t be made for poorer In...

"We have seen strong growth in US jobs and the Fed feels the evidence is fairly clear that we are going to get back to 2% inflation."

"Some people are saying there will be one hike every two meetings. I do not know if that would be the case, but I would expect gradualism."

Moran and senior company officials were here to announce the company's foray in Chennai after launching the service in Bengaluru and Pune.

Robots are already replacing workers. Industrial robots have advanced to the point at which they can do the same physical work as human bei...

At the Multi Commodity Exchange, lead for delivery in September traded 45 paise, or 0.35%, higher at Rs 129.45 per kg, with a turnover of 4...

At the Multi Commodity Exchange, copper for delivery in November was up Re one or 0.22%, to Rs 458.25 per kg in business turnover of 1,258 ...

Chinese currency renminbi is unlikely to supplant the US dollar as the world's reserve currency in the near term, former US Treasury Secret...

S M Krishna today said its next president should be selected on the basis of merit and the choice shouldn't be restricted to US nationals.

The Auto task Force, set up by the US President Barack Obama on Friday, started reviewing the restructuring proposals by the two American a...

Here is a list of those tapped so far to be members of president-elect Barack Obama's cabinet and administration when he is inaugurated on ...

President-elect Barack Obama on Monday unveiled his economic team, with Timothy Geithner as Secretary of the Treasury and Lawrence Summers ...

Lawrence Summers, who Sunday was confirmed as president-elect Barack Obama's pick as his chief economic advisor, has already led the Treasu...