Financial Crisis

Venezuela drops overvalued exchange rate for state imports

Jan 30, 2018

Venezuelan officials are abandoning their most highly overvalued foreign exchange rate, which has been used for state imports of food and medicine as the nation's economic crisis worsens

Eurozone economy enjoys its best year in a decade

Jan 30, 2018

Official figures are confirming that the eurozone economy in 2017 enjoyed its best year in a decade

Correction: American Express-CEO Interview story

Jan 30, 2018

Correction: US-American Express-CEO Interview story

Venezuelans 'loot to eat' amid economic tailspin

Jan 30, 2018

A surge of looting and other hunger-related crimes carried out by Venezuela's poor have replaced last years' political protests by the middle class seeking the ouster of President Nicolas Maduro

Cypriots vote for new president

Jan 28, 2018

Cypriots began voting for a new president they hope will overcome years of failure to resolve the island-nation's ethnic division and deliver more benefits from an economy on the rebound from a banking crisis

Old guard against new blood in Cyprus presidential vote

Jan 26, 2018

Cypriots are voting Sunday to choose a president who could break a cycle of failure in talks to reunify the ethnically split island-nation _ and deliver the benefits of a rebounding economy to citizens still recovering from a severe economic crisis

Venezuela prosecutor orders arrest of former state oil chief

Jan 25, 2018

Venezuela's chief prosecutor has ordered the arrest of the former head of the state oil company, accusing him of bankrupting the downtrodden country's primary source of income

Puerto Rico warns of 11 percent GDP drop in new fiscal plan

Jan 25, 2018

Puerto Rico's governor has submitted a revised fiscal plan that estimates Puerto Rico's economy will shrink by 11 percent and its population drop by nearly eight percent next year

Powell taking over as Fed chairman at time of economic calm

Jan 24, 2018

Powell taking over as Fed chairman at time of economic calm but with potential risks

Senate approves Powell to follow Yellen as Fed chair in Feb.

Jan 23, 2018

Senate approves Jerome Powell as next chairman of Federal Reserve

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