Federal Reserve officials stressed Thursday that policy should be tightened only gradually after U.S. interest rates are increased for the first time since 2006, with New York Fed President William C. Dudley saying the conditions for liftoff "could soon be satisfied."
For some governments, improving their country's standing in the World Bank's Doing Business survey has become a national priority. Yet the results of such efforts sometimes are deceptive.
A money laundering indictment by the U.S. government last week against one of the most powerful families in Honduras has rattled elites in Central America used to being treated with kid gloves by authorities.
Officials used words like “crisis” and “precarious” to describe the country’s fiscal situation after years of legislative gridlock that have been unable to rein in Costa Rica’s deficit, despite several downgrades from international ratings agencies.
President Luis Guillermo Solís' proposed 2016 budget is 0.5 percent greater than the ₡7.9 trillion ($14.5 billion) 2015 budget, the largest ever in Costa Rican history.
LONDON – European and U.S. shares rebounded on bargain-hunting Tuesday as China cut interest rates after fears of a slowdown in the world's second-biggest economy sparked a "Black Monday" rout across global markets.
Brazilian President Dilma Rousseff has lost support from Senate Chief Renan Calheiros and his lower-house counterpart, Eduardo Cunha, amid growing discontent with a recession and a corruption probe into legislators.
Moody's Investors Service, Standard & Poor's and Fitch Ratings have dished out 93 corporate downgrades since Jan. 1, already more than in any full year since 2002, and they may not be done. Speculation is mounting that Moody's -- which met with officials in Brazil last week -- will lower the country's rating.
TOKYO, Japan – The euro held steady in Asia on Wednesday as traders shrugged off the widely expected default by Greece, with focus now turning to the weekend's referendum, which could determine the country's eurozone future.
