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This is the VOA Special English Economics Report. Early estimates show that the United States economy shrank by three-tenths of one percent from July through September. Economists had predicted a five-tenths drop. But Thursday's report from the Comm

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The Chicago Board of Trade is the world's oldest futures and options exchange. There, commodities and other financial instruments are traded daily. As the clock ticks towards a deadline to raise the U.S. debt ceiling, traders believe a default on tha

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A: Hello, Sir. What can we do for you today? 您好，先生。今天我们能为您做些什么吗？ B: Hello. I've been asked to come and see about something called L/C? What is it exactly? 你好。我被派来办理那个叫做L/C的事情？它究

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Stopping Debt Payments Could Worsen Venezuela's Crisis Venezuela is struggling to pay back an estimated $150 billion in debt. 委内瑞拉正在竭力偿还大约1500亿美元的债务。 The countrys financial crisis only makes life worse for people

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This is the VOA Special English Economics Report. Lehman Brothers world headquarters in New York on the day the company sought bankruptcy protection This week, we continue our look back at the major economic stories of the year. On September fifteen

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Social Media Draw More US Women to Clothing Swaps Bartering for bargains About 300 women came to the cafeteria of the West Springfield High School to lay out gently used shirts, dresses and other items they no longer wanted. In return, they could tak

学个词Learn a Word 第1296期 default

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B: Hello Sir may I help you? A: Yes. I would like some information for requesting a loan. B: Very well, here arethe general termsof our loan policies. We pride ourselves in having the lowest interest rate inthe country for personal loans. A: I see. S

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According to the guideline, major reforms in SOE's key areas will be achieved by 2020, when SOEs are expected to be more robust and influential and have greater ability to avoid risks. Speaking at a press conference this morning, Zhang Xiwu, vice cha

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reserve 储备 note 票据 discount 贴现 circulate流通 central bank 中央银行 the Federal Reserve System 联邦储备系统 credit union 信用合作社 paper currency 纸币 credit creation 信用创造 branch banking 银行分行制 unit ban

Obama Chief of Staff: US Will Not Default

White House Chief of Staff William Daley says he is confident the United States will not default on its debt. Daley told CNBC television Tuesday that there are a lot of debt reduction plans on the table and everyone is stressed as the August 2 deadli

China to launch RQFII trials

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U.S. President Barack Obama and Congress are engaged in an intense rush to settle on a plan to raise the countrys borrowing limit beyond the current total of more than $14 trillion. It is an effort aimed at averting a possible default on the countrys

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Greece is edging closer to its goal of getting the country's private lenders to eliminate $142 billion of the money it owes them, but remained short of the target as a Thursday deadline neared. The Athens government says it needs the banks, pension f