Venezuela’s central bank on Monday announced a devaluation of more than 99 percent of its official exchange rate with a new foreign exchange platform. The central bank said the first auction of its new DICOM system yielded an exchange rate of 30,987.5 bolivars per euro, equivalent to around 25,000 per …
U.S. President Donald Trump’s tax reform could bring almost $2 trillion back to the United States as U.S. firms repatriate cash piles from foreign affiliates, a U.N. report said Monday. Ending the incentive to hoard cash overseas could produce a stimulus effect in the United States, and Trump has credited …
U.S. President Donald Trump’s tax reform could bring almost $2 trillion back to the United States as U.S. firms repatriate cash piles from foreign affiliates, a U.N. report said Monday. Ending the incentive to hoard cash overseas could produce a stimulus effect in the United States, and Trump has credited …
U.S. stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more than 4.0 percent, as the Dow notched its biggest intraday decline in history with a nearly 1,600-point drop and Wall Street erased its gains for the year. The declines for …
U.S. stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more than 4.0 percent, as the Dow notched its biggest intraday decline in history with a nearly 1,600-point drop and Wall Street erased its gains for the year. The declines for …
Recent losses on global financial markets, including those in the U.S., have some investors concerned about expectations for their holdings and plans for the future. The Dow Jones Industrial Average declined 2.5 percent Friday, its largest percentage drop since Britain’s decision in June 2016 to leave the European Union. The …
Over the last decades, growing economic hardships forced people in cities and villages around the world to leave their hometowns to find work in other countries. Dreaming of returning one day and enjoying a better life where they grew up, many invested most of their savings buying houses back home. …
U.S. Secretary of State Rex Tillerson’s Latin American tour took him Saturday to Argentina, where he talked with officials about conservation and diplomacy. Traveling from Mexico City after meeting with the Mexican president and other senior officials on Friday, Tillerson arrived in Bariloche, a lakeside resort town in Argentina’s Nahuel …
The window opened Friday for oil, gas, uranium and coal companies to make requests or stake claims to lands that were cut from two sprawling Utah national monuments by President Trump in December, but there doesn’t appear to be a rush to seize the opportunities. For anyone interested in the …
The window opened Friday for oil, gas, uranium and coal companies to make requests or stake claims to lands that were cut from two sprawling Utah national monuments by President Trump in December, but there doesn’t appear to be a rush to seize the opportunities. For anyone interested in the …
Britain has made clear its desire to be part of China’s so-called ‘One Belt One Road Initiative’ — a cornerstone of President Xi Jinping’s vision to boost Chinese investment and influence across Asia, Europe and Africa. There are, however, concerns over the financial and humanitarian costs of the vast infrastructure …
Britain has made clear its desire to be part of China’s so-called ‘One Belt One Road Initiative’ — a cornerstone of President Xi Jinping’s vision to boost Chinese investment and influence across Asia, Europe and Africa. There are, however, concerns over the financial and humanitarian costs of the vast infrastructure …
Another solid month for the U.S. economy as American companies added 200,000 new workers to their payrolls last month. The unemployment rate remained unchanged at 4.1 percent, but wages are rising. Although the number of unemployed Americans continues to fall, recruiting agencies say they’ve never been busier. Mil Arcega explains. …
U.S. stocks slumped Friday, pulling down the Dow Jones industrial average by more than 650 points and handing the market its worst week in two years. Technology, banks and energy stocks accounted for much of the broad slide. Several major companies, including Exxon Mobil and Google’s parent company, Alphabet, sank …
U.S. stocks slumped Friday, pulling down the Dow Jones industrial average by more than 650 points and handing the market its worst week in two years. Technology, banks and energy stocks accounted for much of the broad slide. Several major companies, including Exxon Mobil and Google’s parent company, Alphabet, sank …
Stocks closed sharply lower in New York on Friday, extending a weeklong slide, as the Dow Jones industrial average plunged more than 600 points. The drop capped stocks’ worst week in two years. The Dow’s drop was its biggest in percentage terms since June 2016. Several giant U.S. companies’ shares dropped after …
Stocks closed sharply lower in New York on Friday, extending a weeklong slide, as the Dow Jones industrial average plunged more than 600 points. The drop capped stocks’ worst week in two years. The Dow’s drop was its biggest in percentage terms since June 2016. Several giant U.S. companies’ shares dropped after …
Britain has made clear its desire to be part of China’s so-called “One Belt One Road” initiative — a cornerstone of President Xi Jinping’s vision to boost Chinese investment and influence across Asia, Europe and Africa. But there are concerns about the financial and humanitarian costs of the vast infrastructure …
When Janet Yellen leaves the Federal Reserve this weekend after four years as chair, her legacy will include having shattered a social barrier: She is the first woman to have led the world’s most powerful central bank, a position that carries enormous sway over the global economy. Yellen will …
When Janet Yellen leaves the Federal Reserve this weekend after four years as chair, her legacy will include having shattered a social barrier: She is the first woman to have led the world’s most powerful central bank, a position that carries enormous sway over the global economy. Yellen will …
A new political dawn in Zimbabwe has sparked talk among farmers of land reform and the return of some whites who lost their land and livelihoods to President Robert Mugabe during a 37-year rule that drove the economy to collapse. Mugabe, 93, resigned in November after the army and his …
A new political dawn in Zimbabwe has sparked talk among farmers of land reform and the return of some whites who lost their land and livelihoods to President Robert Mugabe during a 37-year rule that drove the economy to collapse. Mugabe, 93, resigned in November after the army and his …
Many refugees would like to buy low-carbon stoves and lights but poor access in camps and a lack of funding is forcing them to rely on “dirty and expensive” fuels, a report said Tuesday. Millions of refugees worldwide struggle to access energy for cooking, lighting and communication and often pay …
Many refugees would like to buy low-carbon stoves and lights but poor access in camps and a lack of funding is forcing them to rely on “dirty and expensive” fuels, a report said Tuesday. Millions of refugees worldwide struggle to access energy for cooking, lighting and communication and often pay …
A colorful paint job has transformed one of Mumbai’s drab hilltop slums into a tourist destination, even prompting comparisons with Italy’s picturesque Amalfi Coast. During a recent journey on a Mumbai metro train, Dedeepya Reddy was struck by the grim appearance of a slum in Asalpha in the city’s eastern …
Hackers who stole around $530 million worth of cryptocurrency from the Coincheck exchange last week — one of the biggest such heists ever — are trying to move the stolen “XEM” coins, the foundation behind the digital currency said on Tuesday. NEM Foundation, creators of the XEM cryptocurrency, have traced …