“For the first time since early 2010, Greece can stand on its own feet,” the European Stability Mechanism (ESM) rescue fund said as Athens exited its final, three-year international bailout program on Monday. The ESM allocated about $71 billion over …
Americans drink a lot of beer, according to the Beer Institute, almost 100 liters for every drinking age American each year. That’s a lot of malted barley, the main ingredient that gives beer its alcoholic kick. Even smaller craft breweries …
Uncertainty reigned in Venezuela Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor South American country into chaos. Ahead of a major currency overhaul Monday, when …
A budding trade war between the U.S. and Turkey over a detained American pastor is having global consequences. A sharp drop in Turkey’s lira, inflation and the threat of loan defaults, could drag down other economies, particularly in emerging markets. …
Turkey’s currency this month has suffered heavy falls triggered by U.S.-Turkish tensions over the ongoing detention of an American pastor. Washington’s threat to impose new economic sanctions sparked another steep currency drop Friday. Dorian Jones reports on the economic fall …
Tesla shares dropped nearly 9 percent in value Friday, amid reports of CEO and co-founder Elon Musk meeting with the U.S. Securities and Exchange Commission (SEC). Musk wrote on Twitter last week of his plans to take the company private …
Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November. Industrial, health …
Unions at Air France-KLM voiced concern after the company appointed Benjamin Smith as the new CEO with the support of the French state. The company said Thursday that Smith, who is 46 and was previously Air Canada’s chief operating officer, …
President Donald Trump says he’s asking federal regulators to look into the effectiveness of the quarterly financial reports that publicly traded companies are required to file. In a tweet early Friday, Trump said that after speaking with “some of the …
As summer comes to a close and kids prepare to head back to school, retailers are counting on novelty items such as scented markers and glitter glue to help win back some of the market share they’ve lost to iPads …
A potential ban on the popular herbicide glyphosate in Brazil over concerns it may cause cancer in humans would be a “disaster” for the country’s agricultural industry, Agriculture Minister Blairo Maggi said on Thursday. A Brazilian court ruled on Aug. …
Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting its banks were healthy and signalling it could ride out a dispute with the United States. In a conference call with …
A federal court in New York has charged 22 Chinese importers with smuggling nearly half-a-billion dollars in counterfeit goods into the United States from China. The fake products include such popular luxury items as Louis Vuitton bags, Michael Kors wallets, …
Russia says the latest U.S. sanctions imposed on Russian, Chinese, and Singaporean companies are “destructive” and “useless.” The U.S. penalized the three companies Wednesday, accusing them of helping North Korea avoid international sanctions. The Russian Foreign Ministry said Thursday …
The United States economy, the world’s largest, is “crushing it,” White House economic adviser Larry Kudlow declared Thursday. “This is the hottest business economic environment in the world today,” Kudlow told reporters at the White House. “President [Donald] Trump completely …
A Chinese delegation will travel to the United States later this month to resume negotiations as a trade war intensifies between the world’s two biggest economies. China’s Commerce Ministry says Vice Minister Wang Shouwen will meet with David Malpass, an …
Mexico’s economy minister on Wednesday said that Mexico and the United States may not meet an August goal to finish bilateral talks to revamp the NAFTA trade deal, which is beset by disagreements over automobile trade rules and other issues. …
Singapore is the setting for new Hollywood movie ‘Crazy Rich Asians’ – an adaptation of a best-selling novel that explores the insatiable consumerism of new money and old-world opulence in a continent producing more billionaires than anywhere else. While the …
Toyota is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. The …
The White House on Wednesday condemned Turkey for boosting tariffs on U.S. imports, the latest confrontation between the two NATO allies. Ankara imposed stiffer levies on U.S. cars, alcohol, coal and other products — $533 million in new tariffs — …
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc. regarding Chief Executive Elon Musk’s plans to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources. Subpoenas typically …
Corey Lewandowski, President Donald Trump’s former campaign manager, touted on Wednesday benefits he sees in federal government approval of T-Mobile US Inc’s bid to acquire Sprint Corp, while also denying that he has worked directly for the company. Lewandowski said …
The U.S. on Wednesday sanctioned companies in China, Russia and Singapore it says were violating the trade embargo with North Korea, Washington’s latest effort to keep pressure on Pyongyang to end its nuclear weapons development. The U.S. Treasury accused China’s …
U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter. Other data on Wednesday showed worker productivity growing at its fastest pace …