- World Bank: Gaza economy on 'verge of collapse' Updated: May-22-15 1:34 am
JERUSALEM - A new World Bank report warns that Gaza's economy is on the "verge of collapse."
- Business leaders throw support behind coal plant proposal Updated: May-21-15 7:49 pm
ALBUQUERQUE, New Mexico - Business leaders on Thursday outlined the economic devastation they say could come if New Mexico regulators fail to approve a plan to shut down part of a decades-old coal-fired power plant to meet a federal mandate.
- GOP senators advance bill to ease rules on smaller banks Updated: May-21-15 4:26 pm
WASHINGTON - Republican senators advanced legislation Thursday that would ease rules on smaller banks and other requirements of the landmark law reining in Wall Street and the financial industry after the 2008 crisis.
- Previous FIFA Presidential Elections Updated: May-21-15 12:06 pm
ZURICH - Sepp Blatter would certainly argue that being president of FIFA is the best job in sports. Becoming FIFA president is one of the hardest.
- Banks fined more than $5B, to plead guilty to market rigging Updated: May-20-15 5:41 pm
WASHINGTON - Four of the world's biggest banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the currency markets - a rare instance in which federal prosecutors have wrung an admission of criminal wrongdoing from a major financial institution.
- New York's top financial regulator to step down Updated: May-20-15 5:30 pm
ALBANY, New York - Benjamin Lawsky, New York state's top financial regulator who collected billions of dollars in penalties and fees from Wall Street giants, announced Wednesday that he will step down.
- Despite growth uptick, full recovery still far for Europe Updated: May-20-15 11:10 am
FRANKFURT, Germany - Europe's economy has been down so long, even a bit of growth looks like recovery.
- De Blasio's plan for public housing includes private leases Updated: May-19-15 6:22 pm
NEW YORK - A plan to tackle "the worst financial crisis" in the history of the New York City Housing Authority includes leasing unused land in housing complexes for private residential development, a proposal that has caused controversy in the past, as well as other steps like modernizing rent collection, Mayor Bill de Blasio said Tuesday.
- Top US regulators warn of new threats to financial system Updated: May-19-15 6:21 pm
WASHINGTON - The panel created to prevent a repeat of the 2008 financial crisis said Tuesday that banks and other financial institutions are stronger now but regulators must remain alert to new risks including the danger posed from cyberattack.
- New York state regulator proposes foreclosure law change Updated: May-19-15 3:52 pm
ALBANY, New York - New York's top bank regulator on Tuesday proposed amending state law to shorten the foreclosure process for homes with delinquent mortgages.
- UN lowers global economic growth estimate amid modest pace Updated: May-19-15 2:41 pm
UNITED NATIONS - The United Nations is lowering its growth estimate for the global economy this year, saying its previous forecast of 3.1 percent growth in 2015 is now more likely to be 2.8 percent instead.
- Frustration with Latin America's left on the rise Updated: May-18-15 7:38 pm
CARACAS, Venezuela - Venezuela's socialist government is struggling to put food on the shelves amid runaway inflation. Brazil's president is facing calls for impeachment. And even Cuba's communist government, an iconic touchstone for generations of leftists, is embracing closer ties with the U.S.
- NY regulators say 11 lenders to monitor vacant properties Updated: May-18-15 5:35 pm
ALBANY, New York - New York regulators said Monday that 11 lenders have agreed to monitor and maintain vacant properties in an effort to protect them and combat neighborhood blight.
- Warren has irked Obama before, but trade deepens their rift Updated: May-14-15 6:50 pm
WASHINGTON - When President Barack Obama huffed that Elizabeth Warren, the Massachusetts senator and established liberal star, was a "politician like everybody else" he revealed a rift that predates the current hostilities between the two Democrats over trade.
- Puerto Rico closes dozens of schools as economic woes deepen Updated: May-14-15 10:49 am
SAN JUAN, Puerto Rico - Francisco Oller Elementary School once bustled with kids, but now birds nest in classrooms strewn with leaves and glass from shattered fluorescent lights. Long-discarded homework assignments paper the ground. Graffiti covers the walls.
- Appeals court skeptical of fairness of trader's conviction Updated: May-13-15 5:19 pm
NEW YORK - An appeals court panel on Wednesday expressed doubts about the fairness of a prosecution that led to a prison sentence for a man convicted of defrauding a government bailout program.
- In Washington, NYC mayor touts national liberal vision Updated: May-12-15 10:45 pm
WASHINGTON - New York City Mayor Bill de Blasio, fashioning himself as one of the left's loudest voices on economic causes, appeared in Washington on Tuesday to make two stops on his national tour to tout the need to fight income inequality - one with Sen. Elizabeth Warren, the other to unveil his national liberal political platform - before meeting with President Barack Obama.
- Australia plans to cut business tax and balance books Updated: May-12-15 6:17 am
CANBERRA, Australia - Australia announced cuts to foreign aid, lower taxes for small businesses and cheaper child care in an annual budget that tries to balance paying off debt with energizing an economy that's being sapped by China's slowdown.
- Unexpected triumph means Cameron can govern UK on his own Updated: May-08-15 5:02 pm
LONDON - After years of sharing power, David Cameron pulled off an unexpected election triumph that gave the Conservative prime minister a second term with an outright majority Friday and dealt a stinging defeat to his three main rivals.
- Sheila Bair named president of private Maryland college Updated: May-06-15 6:22 pm
CHESTERTOWN, Maryland - Sheila Bair, who led the Federal Deposit Insurance Corp. during the financial crisis, has been named president of Maryland's Washington College, a private liberal arts school.
- Fed Chair Yellen says stock market prices 'quite high' Updated: May-06-15 12:58 pm
WASHINGTON - Federal Reserve Chair Janet Yellen on Wednesday described stock market valuations as high and said the central bank was carefully monitoring their impact on financial stability.
- Venezuelan president's bout with thrown mango inspires game Updated: May-06-15 12:14 am
CARACAS, Venezuela - Two Venezuelans who emigrated to escape the country's economic woes are drawing laughs with a mobile game mocking President Nicolas Maduro for his decision to give a new home to a woman who threw a mango at him seeking attention for her plea to get housing.
- Spain's leader urges voters to stick with conservative gov't Updated: May-05-15 10:43 am
MADRID - Spain's prime minister says the country's economy is on the road to recovery and warns voters they shouldn't take risks when choosing elected leaders in ballots this year.
- Venezuelan rum industry succeeding despite country's woes Updated: May-05-15 9:49 am
CARACAS, Venezuela - Ever since he was a young man, one of Guillermo Matos' small pleasures has been a mid-month round of cocktails with friends.
- Ex-Pequot councilor sues tribe over denial of benefits Updated: May-02-15 9:19 am
HARTFORD, Connecticut - A former Mashantucket Pequot official who earned as much as $500,000 annually during the prime of its Foxwoods Resort Casino is suing the tribe over unpaid benefits, accusing it of punishing her for a vote to remove a tribal leader.