European Central Bank (ECB) President Mario Draghi addresses an ECB news conference . Photograph: Ralph Orlowski/Reuters

The European Central Bank will decide early next year whether to take further action to revive the euro zone’s economy, its president said on Thursday(...)

Research analysed by property website Trulia, shows Boston, ranked at 10, reporting a per-capita income 1.61 times that of Cincinnati ranked at 90. Photograph: Andrew Harrer/Bloomberg

The income gap between the US’s richest and poorest metropolitan regions has reached its widest on record, shaping an uneven housing recovery that thr(...)

US Federal Reserve Chair Janet Yellen testifies about the US economy before a Senate Budget Committee hearing on Capitol Hill in Washington. Photograph Jonathan Ernst/Reuters

Federal Reserve policymakers last month began laying groundwork for an eventual retreat from easy monetary policy with a discussion of how to best con(...)

The People’s Bank of China has argued that an open capital account would improve the quality of Chinese foreign assets, promote cross-border use of the renminbi and help the country’s enterprises restructure. Photograph: Reuters/Petar Kujundzic

This year China’s gross national savings will be close to $5 trillion. US savings will be only $3 trillion. If, as planned, China were to open (...)

Sarah Bloom Raskin has been an outspoken  a critic of Wall Street. Photograph: Brian Snyder/Reuters

The US Senate today approved Federal Reserve governor Sarah Bloom Raskin to be the No 2 official at the Treasury Department, backing a critic o(...)