Financial Crisis

Fitch raises Cyprus' credit rating to investment grade

Oct 19, 2018

International agency Fitch has raised Cyprus' credit rating by one notch to BBB-, elevating the Mediterranean island nation back into investment grade nearly six years after a financial crisis that drove it to the brink of bankruptcy

UNICEF warns against Yemen's economic crisis, violence

Oct 19, 2018

UNICEF: Yemen's crisis, violence at key Red Sea city risk leaving millions more of children, families without food

Follow the trek of Venezuelan migrants fleeing on foot

Oct 18, 2018

For nine days a team of Associated Press journalists followed a Venezuelan mother and her daughter fleeing their nation's crippling economic and humanitarian crisis as they tried to cross three borders and nearly 2,700 miles

US regulators lift strict oversight of Prudential

Oct 17, 2018

US regulators remove strict oversight of Prudential, ending restrictions imposed after 2008 financial crisis

Japanese bank Nomura to pay $480M for role in housing crisis

Oct 16, 2018

Japanese bank Nomura to pay $480 million to US authorities for its alleged role in the housing market bubble

UK wages grow at fastest in a decade but Brexit casts shadow

Oct 16, 2018

Wages in Britain are rising at their highest rate in nearly a decade, which should shore up living standards as the country navigates the final few months of the Brexit discussions.

US budget deficit hits highest level in 6 years

Oct 15, 2018

The federal budget deficit has surged to $779 billion in fiscal 2018

Iceland seeks financial crash closure with last prosecution

Oct 15, 2018

Ten years after becoming one of the symbols of the 2008 global financial crisis, Iceland is still dealing with the aftermath

Iran's president seeks to downplay US oil sanctions

Oct 14, 2018

Iran's president is trying to downplay U.S. sanctions targeting the country's vital oil and gas sector that are set to be imposed next month

IMF-World Bank ends meetings with call to brace for risks

Oct 13, 2018

IMF-World Bank ends meetings with call to brace for risks as trade tensions, debt problems build

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