FOREX-Dollar on track for steep weekly loss *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency's slid. "The BOJ's negative interest rate policy has less effect on encouraging more liquidity by banks but...
| By: Lisa Twaronite
UPDATE 1-Obama says confident in legal footing after Supreme Court climate decision President Barack Obama on Thursday called the Supreme Court's decision to delay implementation of his administration's Clean Power Plan "unusual" and expressed confidence that the White House would prevail. Obama said the Supreme Court had in fact required the Environmental Protection Agency to regulate carbon emissions under the Clean Air Act if they...
| By: Jeff Mason
Yellen's high wire act on Capitol Hill CNBC's Steve Liesman talks about the delicate balance the Fed chair must strike between confidence and concern as she heads back for a second day of testimony before Congress.
Russia to toughen requirements for banks handling rehabilitation MOSCOW, Feb 11- Russia's central bank intends to toughen the requirements for banks involved in financial rehabilitation of other banks, the central bank's deputy governor Mikhail Sukhov said on Thursday. The central bank regularly appoints banks considered healthy to act as investors in troubled banks undergoing financial rehabilitation.
South Korea severs final link with North South Korea halted activity at a factory park were local companies employed about 55,000 North Koreans, cutting the last significant vestige of North-South cooperation.
Obama climate plan's broad scope to face skeptical Supreme Court The challengers say the EPA has no authority under the 1970 Clean Air Act to expand its regulation of power plants outside the facilities themselves. Jeff Holmstead, a lawyer representing the coal industry in the legal challenge, said that the provision of the Clean Air Act the EPA is focusing on has only been used previously to set air pollution standards for...
| By: Lawrence Hurley
U.S. Senate votes overwhelmingly for tougher North Korea sanctions WASHINGTON, Feb 10- The U.S. Senate voted overwhelmingly on Wednesday for legislation broadening sanctions on North Korea over its nuclear program, human rights record and cyber activities, as U.S. lawmakers sought to crack down on Pyongyang for its nuclear tests. As voting continued, the vote for the "North Korea Sanctions and Policy Enhancement Act" was 93-0....