financial crisis

CARACAS, Venezuela | The Latest: US envoy Elliott Abrams is heading to Colombia

CARACAS, Venezuela (AP) — The Latest on the political crisis in Venezuela (all times local): 7:00 p.m. A U.S. envoy is heading to Colombia as part of a mission to send food and other emergency supplies to neighboring Venezuela amid a deepening political and economic crisis there. The State Department says Special Representative Elliott Abrams … Continue reading CARACAS, Venezuela | The Latest: US envoy Elliott Abrams is heading to Colombia

FRANKFURT, Germany | European Central Bank concerned by economic slowdown

FRANKFURT, Germany (AP) — Top officials of the European Central Bank worried at their last meeting that the slowdown in economic growth might be “deeper and more broad-based” than previously suspected. The written account of the Jan. 24 meeting released Thursday indicated the bank’s 25-member rate-setting council felt they had to balance acknowledgement of worsening … Continue reading FRANKFURT, Germany | European Central Bank concerned by economic slowdown

LONDON | Brexit’s toll: UK economy at weakest since financial crisis

LONDON (AP) — Mounting uncertainty over Brexit saw the British economy slow last year to its weakest growth rate since the aftermath of the global financial crisis, official figures released Monday. The Office for National Statistics said that the British economy grew by a quarterly rate of only 0.2 percent during the fourth quarter, down … Continue reading LONDON | Brexit’s toll: UK economy at weakest since financial crisis

LONDON | UK economy to grow at weakest rate since financial crisis

LONDON (AP) — The British economy is set to grow this year by its weakest rate since the global financial crisis as uncertainties over Britain’s exit from the European Union ratchet higher, the Bank of England warned Thursday. The central bank said the U.K. economy is slowing despite a modest boost from firms stockpiling as … Continue reading LONDON | UK economy to grow at weakest rate since financial crisis

Orange County Real Estate Firm Signals Next Leg of Financial Crisis

  IRVINE, Calif./ Dec. 5, 2018 (STL.News) With the S&P 500 closing firmly below a key benchmark at 2,750, the law firm of McFarlin LLP is sending out a market alert regarding the next leg of the financial crisis that started in 2008. This could affect millions of California homeowners and consumers. Many market observers … Continue reading Orange County Real Estate Firm Signals Next Leg of Financial Crisis

BRUSSELS | Eurozone ministers reach compromise deal on reform package

BRUSSELS  — Eurozone finance ministers have agreed to strengthen the single currency bloc’s defenses against any future financial crisis. Eurogroup President Mario Centeno said early Tuesday that “after several months of intense negotiations and a very tough and long meeting we delivered a comprehensive plan to strengthen the euro.” Centeno said that new measures will … Continue reading BRUSSELS | Eurozone ministers reach compromise deal on reform package

ISLAMABAD | Pakistan’s currency plunges again as country seeks IMF loan

ISLAMABAD— Pakistan’s currency has plunged further as the country is mired in a financial crisis and seeking an $8 billion bailout package from the International Monetary Fund. The Pakistani rupee traded at 142 to the dollar on Friday, a decline from 133.90 rupees to $1 at close of business the previous day. Analyst Mohammad Suhail … Continue reading ISLAMABAD | Pakistan’s currency plunges again as country seeks IMF loan

MILAN | Italy to press on with budget, asks EU sanctions be delayed

MILAN — Italy’s leader said Thursday that the government will speed up investments to help economic growth, but that the main points of its big-spending budget plan would not be changed despite the EU’s warning it is in serious breach of the rules. Giuseppe Conte told lawmakers that if eurozone countries impose sanctions against Italy … Continue reading MILAN | Italy to press on with budget, asks EU sanctions be delayed