Nikhil Kumar is The Independent's New York correspondent. He was formerly assistant editor on the foreign desk and has also done a variety of jobs on the city desk, where he wrote about markets, commodities and other business and economics topics.
10 October 2013 12:00 AM
Janet Yellen named to chair Fed as latest minutes reveal central bank concerns
09 October 2013 12:00 PM
If she replaces Ben Bernanke, Ms Yellen would be the first woman to lead the American central bank
09 October 2013 12:00 AM
Alcatel-Lucent, the telecoms giant formed by the 2006 merger of France's Alcatel and Lucent Technologies of the US, plans to shed 10,000 jobs worldwide as it attempts to cut costs in the face of heavy losses.
08 October 2013 07:16 PM
The US Federal Reserve has begun circulating new $100 notes, introducing new anti-counterfeiting features – including a distinctive splash of colour – that have been more than a decade in the making.
08 October 2013 01:21 AM
The question of how much oil spewed out of BP’s Macondo well during the Gulf of Mexico spill in 2010 was centre stage at the hearing into the disaster yesterday, with a US government lawyer claiming that at least 4.2m barrels escaped.
08 October 2013 01:11 AM
Global markets took another pounding on Monday as international pressure grew on the US to resolve its political deadlock and avoid an unthinkable default by the world’s biggest economy.
07 October 2013 09:20 PM
When Bernie Madoff’s Ponzi scheme first came to light, Wall Street was shocked by the scope of the fraud. At $65bn, it rendered even the most seasoned traders – people who are used to dealing with millions everyday –speechless. But there was more to come, for when the disgraced financier subsequently claimed that he had acted alone, everybody was left wondering how one man could have perpetrated such an immense fraud over so many years.
04 October 2013 08:03 PM
Beloved of teens, big business and world leaders, the broadcast platform will make its founders billions –but it’s yet to turn a profit
04 October 2013 01:55 AM
While the company continues to make a loss, its revenues almost tripled last year
03 October 2013 07:32 PM
Resolving the shutdown is important, for the longer it drags on, the greater the risk to the US economy, which remains weak. A drawn-out squabble over a stopgap budget would hit consumer spending, for example, as the furloughed federal workers tighten their belts. But in the short term, attention is turning to the debt ceiling because the federal government will hit its Congressionally mandated borrowing limit no later than 17 October.
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
- 1 Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
- 2 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 3 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 4 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness