World stock markets plunged on Monday after China’s main index sank 8.5%—its biggest drop since the early days of the 2008 global financial crisis—amid deepening fears over the health of the world’s second-largest economy.
Well, that was fun while it lasted. For years, investors in U.S. stocks shrugged off threats—a government shutdown, fear of a euro collapse, a near U.S. debt default—and just kept on buying. At the sixth anniversary of the bull market in March, the S&P 500 index had more than tripled in value.
A barrel of U.S. crude fell below US$40 per barrel for the first time since the end of the global economic crisis.
Greek Prime Minister Alexis Tsipras announced his government's resignation and called early elections Thursday, an attempt to get a new mandate to implement a three-year bailout program that sparked a rebellion within his radical left party.
BNY Mellon has agreed to pay US$14.8 million to settle federal civil charges of attempting to influence officials of a Middle Eastern sovereign wealth fund by giving internships to their family members.
Greek lawmakers approved a draft bailout deal Friday in the hope of ensuring the country’s place in the euro, but the government suffered significant dissent from left-wing hardliners within its ranks, raising the likelihood of early elections. The government needed the bill to pass in time for Finance Minister Euclid Tsakalotos to head to Brussels […]
The Shanghai share index fell the most since early 2007 on Monday as Chinese stocks suffered a renewed sell-off despite government efforts to calm the market.
The 11 million Americans who receive Social Security disability face steep benefit cuts next year, the government said Wednesday, handing lawmakers a fiscal and political crisis in the middle of a presidential campaign.
Greek banks opened their doors Monday for the first time in over three weeks, a move the government hopes will help the economy get back to normal following a period dominated by fears over the country's future in the euro.
German lawmakers voted Friday overwhelmingly in favour of the new bailout plan for Greece after Chancellor Angela Merkel argued that the cash-strapped country would face chaos without a deal. The German Parliament’s vote capped a week in which the proposed bailout agreed by eurozone leaders Monday has cleared a string of hurdles. That has raised […]