Global market plunge intensifies on fears over China
By ELAINE KURTENBACH World stock markets plunged and Wall Street was due to suffer heavy losses on Monday after China’s main index sank 8.5 percent amid fears over the health…
Financial markets
Misery deepens for those in Puerto Rico who can’t leave
By DANICA COTO Most tables are empty at Walter Martin’s coffee shop in San Juan’s colonial district. His brow is furrowed with concern and glistens with sweat in the sweltering…
Banks fined more than $5B, to plead guilty to market rigging
By KEN SWEET and ERIC TUCKER Four global banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the world’s curren market, the first…
French, German leaders push new peace plan for east Ukraine
By MATTHEW LEE and SYLVIE CORBET Carrying a peace plan that reportedly incorporates proposals from Russia, the leaders of Germany and France met Thursday with Ukrainian President Petro Poroshenko in…
Italy’s new president decries corruption, loss of hope
By FRANCES D’EMILIO Italy’s new president, Sergio Mattarella, assumed office Tuesday with a ringing call to the nation to root out organized crime and corruption devouring public resources and solve…
What the credit downgrade to ‘junk’ means for Russia
By NATALIYA VASILYEVA Russia has seen its credit grade cut to “junk” status for the first time in over a decade, a big blow for a country that wants to…
Average US 30-year loan rate falls to 3.73 pct.
Average U.S. mortgage rates started the year by dipping to new lows, with the benchmark 30-year rate marking its lowest level since May 2013. The mortgage giant Freddie Mac says…
Euro sinks after Draghi gives another stimulus hint
By PAN PYLAS The euro fell Friday to a 4 ½-year low against the dollar after European Central Bank President Mario Draghi indicated the bank could soon back a government…