Financial Crisis

May 2, 2019

The Latest: Venezuela's López still expects Maduro's ouster

Popular Venezuelan opposition leader Leopoldo López says he expects the country's military will step up to overthrow President Nicolas Maduro despite setbacks


May 2, 2019

US lawmakers review control board's role in Puerto Rico

U.S. lawmakers are reviewing the work of a federal control board created by Congress to oversee Puerto Rico's finances amid complaints that it is ineffective and has cost the bankrupt U.S. territory's government millions of dollars in operating expenses


Apr 30, 2019

Board orders Puerto Rico to pay $340M owed to pension system

A federal control board overseeing Puerto Rico's finances says dozens of municipalities and public corporations have failed to pay or deposit $340 million into a retirement system for government employees


Apr 30, 2019

Trump: Better Fed policies would give economy 'rocket' boost

Trump says economy could 'go up like a rocket" with better Fed policies while his candidate for Fed board faces questions


Apr 30, 2019

Eurozone recession fears fade as growth picks up

Fears of a recession in the eurozone have eased after the 19-country bloc posted better-than-expected growth in the first quarter


Apr 30, 2019

Surveys: China factory activity grew in April

Surveys: China factory activity grew in April but below previous month's pace amid US tariff battle, weak consumer demand


Apr 26, 2019

US adds Venezuela foreign minister to sanctions target list

US adds Venezuela's foreign minister and a judge who has ruled against Venezuelan opposition figures to sanctions list


Apr 25, 2019

Markets Right Now: 3M leads declines in industrial stocks

Major U.S. stock indexes ended mostly lower on Wall Street, dragged down by losses in several industrial companies.


Apr 25, 2019

Royal Bank of Scotland chief executive to step down

Royal Bank of Scotland says Chief Executive Ross McEwan is stepping down after 5 1/2 years overseeing the restructuring of a bank that was bailed out by the government during the global financial crisis


Apr 24, 2019

German business outlook darkens amid trade slowdown

An index of German business optimism fell in April as Europe's largest economy struggles with a slowdown in trade but is supported by a strong labor market



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.