Spanish banks are facing the prospect of having to pay back several billion dollars to clients following a European Court of Justice ruling Wednesday over mortgage agreements that insured that interest rates did not fall below a certain level
OPEC nations reached a preliminary agreement to curb oil production for the first time since the global financial crisis eight years ago.
Scotiabank has filed a lawsuit against Puerto Rico's government seeking repayment of a multimillion-dollar loan despite a debt moratorium imposed amid an economic crisis
Federal Reserve Chair Janet Yellen says that the central bank has no "fixed timetable" for raising interest rates but she believes a rate hike will be appropriate before the end of this year
The World Trade Organization dramatically slashed its forecast for global trade growth this year by around a third to its lowest rate since 2009 when the global economy was mired in recession in the wake of the financial crisis
German Chancellor Angela Merkel says she hopes Deutsche Bank's woes in the U.S. are "temporary difficulties."
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The city of San Bernardino, still struggling with bankruptcy and the wounds from last year's terror attack, is now grappling with a spike in killings and violent crime
A French court has cut the damages owed by former trader Jerome Kerviel from 4.9 billion euros ($5.5 billion) to a more manageable 1 million euros ($1.1 million)
Iraq's parliament has dismissed the finance minister after a no-confidence vote, a move that risks further upsetting the country's precarious economic situation
