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."
Novak Djokovic exited the BNP Paribas Open after Jack Draper outlasted him in a demanding three-set encounter on Wednesday. The British player, defending his...
El Salvador President Nayib Bukele brushed aside accusations from human rights organizations that his government holds political prisoners and has committed crimes against humanity...
The International Monetary Fund advised Costa Rica’s central bank to consider further cuts to its benchmark interest rate. The changes would help transmission to...
A Cessna 172 aircraft registered TI-BHC from Aerobell Flight School landed with damage at Tobías Bolaños International Airport in Pavas on Wednesday morning after...
