Financial Crisis

Top ECB official: Time to discuss stimulus withdrawal

Jun 6, 2018

A top European Central Bank official says policymakers will begin discussions next week on withdrawing the bank's bond-purchase stimulus _ suggesting the ECB isn't overly worried by the recent political upheaval in Italy

UK sells 7.7 percent stake in Royal Bank of Scotland

Jun 5, 2018

The British government has sold a 7.7 percent stake in Royal Bank of Scotland, taking a tentative step toward returning the bank to private ownership almost a decade after it was bailed out at the height of the financial crisis

UK government to sell $3.5B stake in Royal Bank of Scotland

Jun 4, 2018

Britain's government says it intends to sell part of its stake in taxpayer-owned Royal Bank of Scotland to investors

Day 4 of Jordan protests, thousands rally against tax hikes

Jun 3, 2018

Thousands of Jordanians protest planned tax increase for a fourth straight day, marching toward the office of the prime minister and demanding his resignation

EU in flux as US alliance creaks, populists rise in Italy

Jun 1, 2018

For decades, European leaders and businesses knew that the United States is an essential trade partner and that Italy is one of the pillars of the EU. Friday's events showed that neither of those is as certain as it used to be

EU official says Greece's bond market access is 'fragile'

May 31, 2018

A top European Union official in Greece says the country's access to bond markets remains "fragile" amid the ongoing financial turmoil triggered by the political standoff in Italy

Spain government poised to fall, Socialists set to take helm

May 31, 2018

Spain's conservative government appears doomed to lose a no-confidence vote in parliament, with the center-left Socialist party poised to take power

US consumer spending up 0.6 percent, best in 5 months

May 31, 2018

US consumer spending increases 0.6 percent in April while inflation stays at Fed's target

Eurozone inflation in big jump just as uncertainties mount

May 31, 2018

A jump in energy prices pushes inflation across the 19-country eurozone sharply higher, which could make the European Central Bank more willing to plot the end of its monetary stimulus program.

Banks would be freer to trade for profit under Fed proposal

May 31, 2018

Federal Reserve proposes easing rule that limits risky bank trading amid government efforts to loosen bank regulations.

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