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Cuba gripped in dollar frenzy, peso under pressure

Havana - The US dollar, nigh impossible to obtain legally in communist-run Cuba, has become a coveted commodity raking in double the state-determined exchange rate on the black market as the peso falters.

Dollar makes a comeback as Cuba readies currency devaluation

Havana - The US dollar is making a comeback as the favored currency in communist-run Cuba as the country prepares to devalue the peso to relieve pressure on a battered economy.

New Fed Chair Yellen keeps policy on track

Washington - New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke Wednesday, shrugging off recent economic weakness as largely weather-caused.But she also took a crucial step to reshape how the Fed has sign...

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