Financial Crisis

Fed finds biggest US banks strong enough to survive shock

Jun 21, 2018

Federal Reserve finds biggest US banks strong enough to survive severe economic shock

Puerto Rico defies board over law protecting workers

Jun 21, 2018

Legislators in Puerto Rico are challenging a federal control board overseeing the island's finances over a law that protects workers from unjust firings

Venezuela president boosts minimum wage as inflation soars

Jun 21, 2018

Venezuela's president says he is again raising the minimum wage, though it still will be below the equivalent of $2 a month as inflation soars in the crisis-stricken country

Fed sets limits on biggest banks' loans to each other

Jun 14, 2018

Federal Reserve sets limits on big banks' loans to each other

Europe, Fed moves show global shift away from cheap money

Jun 14, 2018

Two of the globe's most powerful central banks are gradually withdrawing the easy money policies that helped repair the damage of the Great Recession.

UK manufacturing shrinks at fastest rate since Oct 2012

Jun 11, 2018

Official figures show that manufacturing output in Britain fell in April at its fastest rate in five and a half years, a development that raises questions over the economic rebound in the second quarter

Jordan's king, EU foreign policy chief review ailing economy

Jun 9, 2018

Jordan's king, EU foreign policy chief discuss kingdom's economic challenges, meeting just days after mass protests against proposed tax increases

German minister urges jobless fund, tax to bolster euro

Jun 9, 2018

Germany's finance minister is urging bolder steps to strengthen the euro currency union by setting up a fund to help countries hard hit by unemployment and by laying the foundations of an EU-wide tax system

IMF agrees to $50 billion deal to help Argentina's economy

Jun 8, 2018

Argentina and the International Monetary Fund have agreed on a three-year $50 billion stand-by financing deal aimed at strengthening the South American country's economy

Ex-Anglo Irish Bank CEO convicted over 2008 fraud

Jun 6, 2018

A former chief executive of the defunct Anglo-Irish Bank has been convicted of fraud for his role in inflating the lender's balance sheet before it collapsed in the 2008 global financial crisis

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