US President Barack Obama

Shares, dollar sink as U.S. authorises air strikes in Iraq

World shares and the dollar tumbled on Friday and oil and gold jumped after U.S. President Barack Obama authorised targeted air strikes in Iraq, stoking fears of another drawn-out conflict in the region.

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Obama to announce $14 billion in U.S. corporate investments in Africa

President Barack Obama will announce on Tuesday that U.S. businesses have committed to investing $14 billion in construction, clean energy, banking, and information technology projects across Africa, a White House official said.

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US House passes bill to exempt private equity firms from Wall Street Reform Law

In a 254-159 vote, the US House of Representatives passed a legislation exempting private equity firms from provisions in the 2010 Dodd-Frank Wall Street Reform Law. However, a similar action is not expected from the Democrat-dominated US Senate.

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US shutdown near to being lifted as both sides negotiate over the weekend

Discussions between US President Barack Obama and House Speaker John Boehner to finish the budget gridlock besetting the US government.

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