European and Asian stock markets rebounded strongly Friday, with traders signalling that the tragic murder of a pro-Europe lawmaker in Britain could swing the upcoming referendum vote to remain in the EU.Full Story
Brazil's interim president Michel Temer was involved in a massive corruption scandal shaking the country's political establishment and asked for dirty cash diverted from state oil company Petrobras, a key witness said.
The explosive allegations were made by Sergio Machado, the former chief executive of Petrobras subsidiary Transpetro, in a plea deal with prosecutors that could take down yet more big-name politicians in the sweeping scandal.Full Story
Russian authorities, increasingly concerned that the current recession will be followed by prolonged economic stagnation, are redoubling efforts to persuade investors that much-needed reforms will be pushed through.Full Story
The highway from Orlando International Airport into town hums with cars and buses full of families from around the world giddy over the prospect of having fun at Disney World and other theme parks.
Now, electronic billboards along the roadside flash a gut-punch reality check from a local radio station that reads: "Praying for Our City."Full Story
The dollar pushed higher on the euro and the yen was stronger Tuesday as markets girded for monetary policy updates by the Federal Reserve, Bank of England and the Bank of Japan.
The Fed should keep rates on hold but could moderate its previously hawkish view on tighter policy when it releases its statement and new growth forecasts on Wednesday at 1800 GMT, analysts said.Full Story
U.S. authorities charged a former Chinese employee of tech giant IBM with economic espionage Tuesday for allegedly stealing proprietary source code to hand over to a Chinese government agency.
The Department of Justice said Xu Jiaqiang had been a developer for an unnamed U.S. company when he took the source code, intending to provide it to the Chinese National Health and Planning Commission, where he previously worked.Full Story
Wall Street tumbled a fourth straight day Tuesday as mounting worries over Britain's coming Brexit vote hit especially shares of big banks.
American Express lost 4.1 percent and Citigroup 2.8 percent, with the sector under pressure from low interest rates.Full Story
A third of Latin Americans who have risen out of poverty over the past 15 years could fall back into it due to the region's recession, a U.N. report showed Tuesday.
"We estimate there is a population of between 25 and 30 million citizens that today find themselves vulnerable to falling into poverty," said George Gray, the main author of the report and the chief economist for the UN Development Programme (UNDP) in Latin America.Full Story
Oil prices tumbled again Wednesday as traders grow concerned about the chances of Britain leaving the European Union while news of a surprise jump in U.S. stockpiles followed a warning of an extended period of global oversupply.Full Story
Saudi Arabia has approved rules opening its retail sector to greater foreign investment, official media said on Tuesday, as part of wide-ranging economic reforms.Full Story