U.S. stocks faced their worst day of the year on Monday, with the Dow Jones industrial average plunging 350 points. It was part of a sell-off that spanned three continents after negotiations between Greece and its creditors broke down over the weekend and Athens closed the nation's banks.
Groaning under at least $73 billion in debt, Puerto Rico — which is being called "America's Greece" — is staggering down a path towards default, a scenario that could ripple across cities and states that depend on bonds for building everything from schools to stadiums.
The question is whether investors should get worried or if it's just another date in the calendar that government leaders and creditors will work around.
BRUSSELS, Belgium – Greece and its EU-IMF creditors failed to break the deadlock in emergency talks on Thursday to reach a bailout deal, raising fresh fears of a default by Athens that could send it crashing out of the euro.
WASHINGTON, D.C. — History repeats itself, first as tragedy, then as farce, and finally as trolling. That, at least, is the case in Greece, where its lenders want it to cut its pensions rather than hike its business taxes, because they're afraid those increases would, as the Financial Times' Peter Spiegel reports, "crimp economic growth."
Costa Rica's roads face mounting pressure as the number of cars on the road expands at a rapid pace, outstripping infrastructure improvements and pushing...
A Spanish airliner touched down in Caracas, reopening European commercial routes to Venezuela after months of airspace restrictions tied to U.S. military actions. An...
Three attacks in the Pacific and the Caribbean against boats allegedly carrying drug traffickers left eleven people dead, the U.S. armed forces said on...
A French appeal court Tuesday refused to enforce compensation for Nicaraguan plantation workers left sick or sterile after working with a noxious pesticide, over...
