Archivio tag: john terrett

US bankers’ face scrutiny over perks

Barack Obama, the US president, has said he fears there are more hard times ahead for the economy as the recession deepens.

But executives from big banks still get perks even after they received bailout funds.

Al Jazeera’s John Terrett reports from New York.

US cuts interest rates to lowest level


The US central bank, the Federal Reserve, has cut interest rates to their lowest level to try to turn around the ailing economy but knock-on effects persist