Greece’s main stock index plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since late June to react to the country’s latest economic crisis. …
Consumer spending in June rose by the smallest amount in four months as shoppers cut back on purchases of cars and other big-ticket items. Consumer spending edged up 0.2 percent in June, the poorest showing …
The world’s biggest oil companies are painting a grim picture of the future and speculators are listening. The net-long position in West Texas Intermediate contracted 7% in the seven days.
Iran plans to buy as many as 90 planes per year from Boeing (BA.N) and Airbus (AIR.PA) to revamp its antiquated fleet once Western sanctions are lifted, its state news agency IRNA quoted a senior aviation official as saying on Sunday. “Iran will buy a total of 80-90 planes per year from the two aviation giants in the first phase of renovating its air fleet,” said Mohammad Khodakarami, the caretaker
Iran plans to buy as many as 90 planes per year from Boeing (BA.N) and Airbus (AIR.PA) to revamp its antiquated fleet once Western sanctions are lifted, its state news agency IRNA quoted a senior aviation official as saying on Sunday. “Iran will buy a total of 80-90 planes per year from the two aviation giants in the first phase of renovating its air fleet,” said Mohammad Khodakarami, the caretaker
Unless next week’s payrolls report is an outlier, investors should expect a continuation of the directionless market that has kept the S&P 500 trading in place for most of the year. Should July post strong job gains, it would point to an economy strong enough for the Federal Reserve to raise interest rates for the first time in almost a decade.
Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40
U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor market slack. The surprisingly smaller rise reported by the Labor Department on Friday did little to temper expectations that the Federal Reserve is set to raise interest rates later this year. The
Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois accused the bank of misleading investors about the risks associated with mortgage securities offerings. NECA-IBEW, an electrical workers’ pension fund, owned some mortgage-backed certificates underwritten by Goldman. Goldman and its rivals have faced many lawsuits by investors seeking to recoup losses on mortgage securities.
Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island’s debt, totaling $72 billion, was unpayable and required restructuring. According to a 2014 bond offering statement, Puerto Rico has never defaulted on the payment of principal or interest of debt. “Tomorrow is Aug. 1 and we don’t have the money,” Victor Suarez, chief of staff for Puerto Rico’s governor, told journalists in San Juan, referring