Financial Crisis

Puerto Rico finances under scrutiny amid plea for help

Jan 19, 2018

Top financial officials in Puerto Rico offered a peek Friday into why the U.S. territory is mired in an 11-year recession as a federal control board demanded more transparency and information about the island's finances

Venezuela talks stalled over remark on slain rebel policeman

Jan 18, 2018

A top official's claim that Venezuelan opposition leaders helped reveal the hideout of a rebel police officer who was later killed by security forces have stalled talks that aim to resolve the country's deep political and economic crisis

Exports, consumers drive China's 6.9 percent growth in 2017

Jan 18, 2018

China's economy expanded at a 6.9 percent pace in 2017, faster than expected and the first annual increase in seven years

Merkel still in charge of her future amid impasse in Germany

Jan 18, 2018

Angela Merkel has defied many forecasts of her looming political demise in 12 years as German chancellor

Entire operation of federal consumer regulator under review

Jan 17, 2018

Acting director of Consumer Financial Protection Bureau calls for review of entire structure and approach of federal government's consumer watchdog agency

US homebuilder sentiment slips; outlook remains positive

Jan 17, 2018

U.S. homebuilders are feeling slightly less optimistic about their sales prospects, even as their overall outlook remains favorable

Tax law brings big paper losses, long-term gains to US banks

Jan 16, 2018

Big U.S. banks post billions in paper losses because of accounting charges related to the new tax law, but they say the changes will benefit them as well as the broader economy over the long term.

Markets Right Now: Banks, retailers lead stock gains

Jan 12, 2018

Rising retailers pushed stocks further into record territory on Wall Street. The S&P 500 closed out its seventh week of gains in the last eight.

Cyprus: small business loans helped economy from crisis

Jan 10, 2018

Cyprus' finance minister says 269 European Investment Bank loans to small and medium-sized businesses over the last three years have helped the economy rebound from an economic crisis nearly pushed the tiny island-nation into bankruptcy

Eurozone recovery pushes unemployment to lowest since 2009

Jan 9, 2018

Unemployment across the 19-country eurozone fell in November to its lowest level in nearly nine years, the latest sign that the economy picked up further pace at the end of 2017

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