U.S. central bank officials will hold off on the third interest rate hike of the year. But the Federal Reserve says it will go ahead with plans to unload its massive portfolio of Treasuries and mortgage bonds. The decision to …
The Securities and Exchange Commission says a cyber breach of a filing system it uses may have provided the basis for some illegal trading in 2016. In a statement posted Wednesday evening on the SEC’s website, Chairman Jay Clayton says …
After a troubled youth himself, Phillip Cohen made it a practice to hire people at his woodworking business who have also struggled with addiction and mental health issues. But when an employee died from a drug overdose, he adopted a …
China has announced a crackdown on violations of patents and trade secrets in an effort to mollify foreign companies ahead of a visit to Beijing by U.S. President Donald Trump. The crackdown might give Beijing diplomatic ammunition to respond to …
Egypt’s economy has started to improve but has yet to recover from the country’s 2011 uprising and the years of unrest that followed, an international credit rating agency said. Moody’s hailed recent economic and fiscal reforms in its annual report …
A human rights organization says millions of workers in India’s brick kiln industry are trapped in a perpetual cycle of imposed debt and low wages, which forces them to bring their children to work alongside them in the hot, dusty …
The deficit in the broadest measure of U.S. trade rose to the highest level in more than eight years this spring, reflecting in part a drop in fines and penalties paid by foreign companies. The deficit in the current account …
Toys ‘R’ Us, an iconic United States toy store, has filed for bankruptcy after struggling to compete with online retailers and racking up about $5 billion worth of debt. In a statement Monday, the company said it is voluntarily seeking …
As many as three dozen domestic and international flights at New Zealand’s Auckland Airport have been canceled Tuesday as it struggles to deal with a weeklong fuel shortage. New Zealand’s main airport has lost 70 percent of its jet fuel …
A multi-million-dollar banking flap being investigated in Vietnam this month casts light on a tough corruption problem that nips at the Southeast Asian country’s explosive economic growth. The Vietnamese Ministry of Public Security last week began investigating three companies under …
Two of Italy’s biggest coffee houses are reinforcing their brands with flagship cafes in Milan near the spot where U.S. rival Starbucks is set to begin operations next year. Lavazza opens its first flagship cafe in the coffee-obsessed city on …
Mexico’s economy minister said on Monday a successful retool of the North American Free Trade Agreement (NAFTA) would hinge on two or three complex areas that he called “elephants in the room,” just days before the next round of treaty …
The WTO dispute settlement system is “deficient” and has often ruled in favor of free trade that overlooks details of a trade agreement, U.S. trade envoy Robert Lighthizer said on Monday. Speaking at the Center for Strategic and International Studies, …
Peru’s prime minister said on Monday that the country’s new Cabinet will focus on reviving public investments as it seeks to mend fences with the opposition party that forced President Pedro Pablo Kuczynski to form a new government. Congress ousted …
U.S. central bank leaders are expected to hold the key interest rate steady this week, but they may begin trimming a huge bond-buying program that was intended to boost economic growth. Federal Reserve Chair Janet Yellen is scheduled to speak …
The man tasked with overseeing Texas’ Hurricane Harvey rebuilding efforts sees his job as “future-proofing” before the next disaster, but he isn’t empowered on his own to reshape flood-prone Houston or the state’s vulnerable coastline, which has been walloped by …
Florida’s economy has long thrived on one import above all: People. Until Irma struck this month, the state was adding nearly 1,000 residents a day – 333,471 in the past year, akin to absorbing a city the size of …
Scandal-hit Brazilian construction company Odebrecht said on Sunday it has sold its 33 percent stake in a massive subway project in Argentina’s capital Buenos Aires, but vowed to keep working in the country. Odebrecht is involved in a sprawling corruption …
Prime Minister Narendra Modi inaugurated India’s biggest dam on Sunday, ignoring warnings from environment groups that hundreds of thousands of people will lose their livelihoods. The controversial Sardar Sarovar Dam on the Narmada river in the country’s western state of …
Just a stone’s throw across a narrow waterway from the world’s largest gambling hub Macau, a former oyster farming island is being transformed into China’s newest tourism haven. Dubbed by some as China’s answer to Florida’s Orlando — a global …
When Hurricane Irma hit the Florida Coast, the Islamic Circle of North America arranged shelter. After it passed, they provided relief. Its volunteers — made up of immigrant and nonimmigrant, Muslim and non-Muslims — has opened minds and hearts wherever …
When Hurricane Irma battered the Florida Coast, volunteers of the Islamic Circle of North America (ICNA) arranged shelter. After it passed, they provided relief — from flood-damaged homes in Naples to uprooted tree trunk clearings in Cooper City, Florida. Abdulrauf …
Think of it as motorbike banking. For Vietnamese who live far from a retail bank branch, VietinBank scrambles scooters so its officers can meet clients where they live, tablet in hand. There’s also the strategy of DongA Bank, which decks …
Jim McIngvale was standing in the parking lot of Gallery Furniture, greeting drivers and directing cars as they trickled in one sunny afternoon. It had been a week and a half since his local furniture store chain opened the doors …