Financial Crisis

Puerto Rico's governor to quit Aug. 2 in face of protests

Jul 25, 2019

Puerto Rico Gov. Ricardo Rosselló has announced he will resign Aug. 2, conceding power after nearly two weeks of furious protests and political upheaval touched off by a leak of crude and insulting chat messages between him and his top advisers

Powell signals that rate cut could be coming soon

Jul 10, 2019

Chairman Powell sends strong signal Fed is prepared to cut interest rates to deal with rising uncertainties

Former Argentine President De la Rua dies at 81

Jul 9, 2019

Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, has died at age 81

Greece: Extreme right party seeks recount after poll flop

Jul 8, 2019

Greece's extreme right Golden Dawn party says it will challenge an election result that saw it knocked out of Parliament, after a decline in support for the neo-Nazi-linked party that rose to third place at the height of the country's financial crisis

Board sues Puerto Rico governor amid economic crisis

Jul 3, 2019

A federal control board overseeing Puerto Rico's finances has sued the U.S. territory's governor, saying he refuses to submit required documents and has approved tens of millions of dollars in unbudgeted spending amid a 13-year recession

UK economy's 'worst month' since Brexit vote aftermath

Jul 3, 2019

A closely watched survey of business activity in the U.K. is showing that the economy contracted in June at its steepest rate since the immediate aftermath of the country's vote three years ago to leave the European Union

UN: Sudan's health supply shortage exacerbated by crisis

Jul 2, 2019

The United Nations says Sudan is facing shortages of medicine and health supplies because of its ongoing economic crisis, which has been exacerbated by recent political upheaval

OPEC extends oil production cuts amid weaker demand outlook

Jul 1, 2019

The oil producers' cartel, OPEC, is considering a six- to nine-month extension of its current deal to cut production amid weakening demand due to slowing global economic growth

Energy stocks swing with economic signals, Mideast tensions

Jun 20, 2019

Energy stocks slipped over sliding oil prices in the second quarter as trade disputes threatened economic growth and crimped demand

The Latest: Regulation on Facebook currency is likely

Jun 18, 2019

One regulatory expert believes Facebook's new currency will "almost surely" fall under U.S. regulation adopted in the wake of the 2008 financial crisis.

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