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Finance News

September 24, 2021

Chinese banks try to calm fears about developer's debts

Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is ...

September 23, 2021

Peru says body of Shining Path leader to be cremated

The Peruvian prosecutor’s office on Thursday ordered the cremation of the body of Abimael Guzmán, the leader of the brutal ...

September 23, 2021

Bank of England keeps rates on hold, warns over inflation

The Bank of England kept its main interest rate at the record low of 0.1% while warning Thursday that inflation is set to be ...

September 23, 2021

Taiwan asks to join trade group, says China might interfere

Taiwan announced Thursday it has applied to join an 11-nation Pacific trade group, setting up a potential clash with rival ...

September 23, 2021

Under pressure, Powell says Fed to revamp its trading rules

Federal Reserve Chair Jerome Powell said Wednesday that the central bank will overhaul its financial ethics policies in ...

September 22, 2021

Zuma's trial postponed until October in South Africa

The corruption trial of former South African President Jacob Zuma was postponed until Oct. 26 while the judge considers a ...

September 22, 2021

Chinese builder in debt jam says it will make bond payment

A Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt has rattled global markets ...

September 20, 2021

Fed likely to signal a coming pullback in economic support

The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ...

September 17, 2021

Man sentenced to 12 years in $200 million phone-fraud scheme

A Pakistan resident has been sentenced to 12 years in prison for a conspiracy to “unlock” phones from AT&T’s network, a ...

September 15, 2021

Chinese property developer's debt struggle rattles investors

One of China’s biggest real estate developers is struggling to avoid defaulting on billions of dollars of debt, prompting ...

September 15, 2021

Study: State worker pension systems in best shape since 2008

Pension systems for state government workers across the U.S. are in their best shape since the Great Recession began more ...

September 14, 2021

Spain's govt steps in to halt record rise in power prices

Spain’s Socialist-led coalition government said Tuesday it is slashing energy taxes and imposing a temporary windfall tax on ...

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September 10, 2021

Polish Senate rejects media bill affecting US-owned company

Poland's Senate voted on Thursday to reject a media bill seen as targeting a U.S.-owned television network's ability to keep ...

September 09, 2021

Lebanon to start paying cash aid to poor families next month

Lebanon’s government said Thursday it will start paying cash assistance next month to hundreds of thousands of poor families ...

September 08, 2021

Glitches still plague bitcoin rollout in El Salvador

Salvadorans trying to pay for a cup of coffee or receive money sent from relatives in the United States using the ...

September 08, 2021

Gas explosion in apartment building outside Moscow kills 2

A gas explosion in an apartment building outside Moscow on Wednesday killed two people and injured at least five others, law ...

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September 08, 2021

UK supermarket Morrisons plans auction to end bidding war

The British supermarket chain Morrisons plans to end a bidding war for the company by holding an auction between two U.S.

September 08, 2021

Early stumble as El Salvador starts Bitcoin as currency

El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours ...

September 01, 2021

New online site launched to help people get child tax credit

The government has collaborated on a new internet site to help more Americans apply for and receive the expanded child tax ...

September 01, 2021

COVID recession pushed Social Security insolvency up a year

The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s ...

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