NOT since Bill Clinton was president and Barack Obama was a law professor with a sideline in local politics have the beaches of Bali and Langkawi looked so inviting to Americans. Four years ago, a dollar fetched just over 8,500...
Investors are on the fence on whether the Federal Reserve will raise rates in September. After the July jobs report comes out Friday, that may no longer be the case. When the Fed’s rate-setting committee met last week, it tweaked...
Greece's international creditors will have no choice but to accept an easing of the terms of Athens' debts, the head of the International Monetary Fund said on Wednesday. "It's inevitable that there is an element of debt restructuring," IMF Managing...
Greece We’ve all seen the headlines now. Unfortunately, I’m not referring to the smashing Broadway hit and critically acclaimed John Travolta movie Grease, but we can say that Greece is definitely experiencing some hot summer nights. Greece continues to keep...
Greek voters have rejected austerity. Whether they meant to or not, they may find out they have also rejected the euro. IT WAS more than Greece's "No" campaigners could have hoped for—and it may turn out to be more than...
CHINESE investors jokingly call the central bank "central mama". They thanked her for dispensing a bit of love over the weekend by trimming interest rates and reducing some lenders’ required reserves. The rate cut, her fourth since November, took one-year...
The euro dropped more than 1 percent as trading opened in Asia Monday after Greece’s government moved the nation a step closer to leaving the currency bloc by effectively asking voters to decide on its membership. The yen climbed against...
Greece will keep its banks closed on Monday in a bid to prevent its banking system from collapsing, a bank official said, after the European Central Bank moved to cap the amount of emergency loans it provides for the country’s...
The renewable-energy boom is here. Trillions of dollars will be invested over the next 25 years, driving some of the most profound changes yet in how humans get their electricity. That's according to a new forecast by Bloomberg New Energy Finance that...
But he says there is still uncertainty about whether labor market will keep improving. U.S. central bankers are still likely to start raising interest rates this year if the labor market improves further, though the jobs outlook has become more...
The summer days of warm evenings and long nights are just around the corner. With summer, comes fun in the sun and oftentimes vacation time away from home. While away, it's all the more important to stay prudent about your...
BEIJING—China is stepping up monetary-easing measures in the face of a worse-than-expected economic slowdown, as authorities scramble to ease the heavy debt burdens of companies and governments. The People’s Bank of China said Sunday it would shave a quarter of...
As a financial advisor, when initially meeting with a client, often our discussion shifts to the importance of the standard we are legally upheld by. Simply stated, this standard, requires advisors to put their client's interest above their own. But...
Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers. At least one Spanish bank, Bankinter SA, the country’s seventh-largest lender by market value, has been paying some customers interest on mortgages by deducting...
And They’re Off To The Races The Kentucky Derby is always a huge fan fair. The horses are loaded into the gates “And They’re Off!” All the while analysts debate the fan favorite as well as the potential underdog who...
