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."
Chiquita Brands, the multinational banana company, has begun rehiring workers it laid off after halting operations in Panama three months ago due to a...
Tensions between Venezuela and the United States have surged following a series of deadly U.S. military operations in the Caribbean Sea. The Venezuelan government...
One of the year's biggest olive ridley sea turtle arribadas kicked off on September 13 at Ostional Beach in Costa Rica's Guanacaste province. Thousands...
