Saturday, September 26, 2015
Brazil's Central Bank warned Thursday of a deeper-than-expected recession in the world's seventh-largest economy, with the darkening outlook sending the national currency plunging to new lows.
Friday, September 25, 2015
U.S. stocks slumped on Thursday morning on further evidence that global growth is slowing. Industrial stocks led the declines after Caterpillar cuts its revenue forecast, blaming a downturn in the mining industry.
Wednesday, September 23, 2015
Stocks of makers of biologic and "specialty" drugs plunged Monday after Democratic presidential frontrunner Hillary Clinton said she'll soon release a plan to address "price gouging" in the industry.
Senior officials from the world's two biggest democracies, India and the United States, launched a high-level "strategic and commercial dialog" on Monday ahead of a U.S. visit by Prime Minister Narendra Modi.
Tuesday, September 22, 2015
Uncertainty caused by the U.S. Federal Reserve's decision not to hike interest rates last week sent forex traders running to safer assets Monday, with higher-risk emerging-market currencies taking a hit.
Saturday, September 19, 2015
The U.S. Federal Reserve held its key interest rate locked at zero Thursday, citing worries about how the slowdown in China will hit the U.S. economy.
Friday, September 18, 2015
When Brazil's leftist President Dilma Rousseff loses the support of someone like longtime backer Edson Silva, perhaps she had better start worrying.
Wednesday, September 16, 2015
Americans stepped up their spending on cars, restaurant meals, groceries and clothing in August, suggesting that consumers will help sustain U.S. economic growth despite a broader global slowdown.
Brazil announced a massive US$17 billion austerity package Monday in a bid to boost its ailing economy amid a deepening crisis that already caused a downgrade of the country's credit rating.
Monday, September 14, 2015
Twelve major banks have tentatively agreed to pay US$1.87 billion to settle allegations that they colluded to fix prices and lock out competitors in the market for insurance-like products widely traded before the financial crisis, according to a lawyer for investors.