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Saturday, October 17, 2015
Foreign direct investment in Latin America dived 21 percent in the first half of 2015, a U.N. commission said Thursday, the latest bad news for a region facing recession this year.
The U.S. government's budget deficit fell to an eight-year low in fiscal 2015, dropping to US$439 billion, the Treasury Department announced Thursday.
Friday, October 16, 2015
Mainland China has passed the United States in the number of billionaires, driven by the rise of fortunes in technology and manufacturing, according to a survey released Thursday.
Thursday, October 15, 2015
A Honduran bank caught up in a U.S. money laundering investigation will remain closed until Wednesday and will eventually be liquidated, government officials said Monday.
Tuesday, October 13, 2015
Debt spat proves a thorny issue for Argentine presidential candidates
Like a dark cloud, the bitter fight between Argentina and a group of holdout creditors in the U.S. has hung over South America's second largest economy for years, preventing the country from accessing international credit markets.
Comments from the U.S. Federal Reserve's vice president that he expects an interest rate hike this year pushed up the U.S. dollar against most emerging market currencies Monday after seeing big losses last week.
Monday, October 12, 2015
Future of NY mass transit hinges on funding fight
The New York subway system was a gleaming symbol of American ingenuity when it opened in 1904. Now it rattles along past aging stops, controlled by cloth-insulated electrical wiring and signal devices almost as old as the tunnels themselves.
Saturday, October 10, 2015
Latin America rolls out red carpet for once-scorned IMF
The last time the International Monetary Fund (IMF) held its annual meetings in Latin America, Ernesto "Che" Guevara was trying to spread Cuba's revolution throughout the hemisphere and much of the region was under the thumb of repressive dictatorships.
Worldwide shipments of personal computers sank in the recently ended quarter with a strong U.S. dollar weighing down sales, market tracker Gartner reported on Thursday.
Friday, October 9, 2015
U.S. consumer borrowing advanced at a solid pace in August, as Americans took out more auto and student loans.
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