Financial Crisis

US lawmakers review control board's role in Puerto Rico

May 2, 2019

U.S. lawmakers are reviewing the work of a federal control board created by Congress to oversee Puerto Rico's finances amid complaints that it is ineffective and has cost the bankrupt U.S. territory's government millions of dollars in operating expenses

Board orders Puerto Rico to pay $340M owed to pension system

Apr 30, 2019

A federal control board overseeing Puerto Rico's finances says dozens of municipalities and public corporations have failed to pay or deposit $340 million into a retirement system for government employees

Trump: Better Fed policies would give economy 'rocket' boost

Apr 30, 2019

Trump says economy could 'go up like a rocket" with better Fed policies while his candidate for Fed board faces questions

Eurozone recession fears fade as growth picks up

Apr 30, 2019

Fears of a recession in the eurozone have eased after the 19-country bloc posted better-than-expected growth in the first quarter

Surveys: China factory activity grew in April

Apr 30, 2019

Surveys: China factory activity grew in April but below previous month's pace amid US tariff battle, weak consumer demand

UN: Palestinian Authority faces risk of financial collapse

Apr 30, 2019

The U.N. political chief is warning that the worsening Palestinian financial crisis poses a growing risk "of a financial collapse of the Palestinian Authority."

US adds Venezuela foreign minister to sanctions target list

Apr 26, 2019

US adds Venezuela's foreign minister and a judge who has ruled against Venezuelan opposition figures to sanctions list

Markets Right Now: 3M leads declines in industrial stocks

Apr 25, 2019

Major U.S. stock indexes ended mostly lower on Wall Street, dragged down by losses in several industrial companies.

Royal Bank of Scotland chief executive to step down

Apr 25, 2019

Royal Bank of Scotland says Chief Executive Ross McEwan is stepping down after 5 1/2 years overseeing the restructuring of a bank that was bailed out by the government during the global financial crisis

German business outlook darkens amid trade slowdown

Apr 24, 2019

An index of German business optimism fell in April as Europe's largest economy struggles with a slowdown in trade but is supported by a strong labor market

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