Washington finally declared a truce on the death tax this year, with estates now taxed at 40% with an exemption of $5 million. President Obama insisted on preserving this tax to spread the wealth, though it raises less than 2% of federal ...
Anticarbon central planning was bound to distort markets, but it turns out that the planners often increase emissions as they try to engineer President Obama's "new energy economy." So concludes the National Academies, whose major report on ...
KABUL—Afghanistan and Pakistan routinely exchange bellicose rhetoric—and occasional gunfire—across their disputed border. On Tuesday, the neighbors squared off in a different way, sparking hopes of a more peaceful relationship.
ISLAMABAD—Pakistani ex-President Pervez Musharraf was charged in court with a role in the 2007 assassination of former Prime Minister Benazir Bhutto, his most serious legal setback since his return to the country in March.
MEXICO CITY—Mexico's economy contracted for the first time in four years during the second quarter as slower export demand and weakness in construction and services put the country among emerging markets struggling to sustain momentum in a ...
If anyone still doubts the good times are over for global mining companies, take a look at the latest results for BHP Billiton and Glencore Xstrata.
California Gov. Jerry Brown has held China's vast high-speed rail network up as a model for the Golden State's bullet train. "We sit around and mope and process and navel gaze," the Democratic governor complained on trip to China earlier ...
Grant Achatz, Chicago-based chef and co-owner of Next, the Aviary and Alinea, explains what his 1970 Pontiac GTO means to him, as told to A.J. Baime:
TOKYO—About 300 metric tons (79,000 gallons) of highly radioactive water has leaked from a storage tank at the Fukushima Daiichi nuclear plant, operator Tokyo Electric Power Co. said Tuesday, the worst such spill since the plant suffered a ...
It's never a good sign when a city's ex-comptroller is indicted for corruption. However, it's particularly worrisome for Chicago, which has enough financial problems that it knows about to fix.
SHANGHAI—Foreign private-equity firms appear to be dipping their toes back into the residential real-estate market in China, after a nearly four-year government campaign to rein in sky-high housing prices curbed the appetite for investment ...
Aubrey McClendon, one of America's best known wildcatters, is betting again on striking it big in Ohio as he builds a new oil and gas exploration company.
U.S. stock-options exchanges on Tuesday were reviewing a wave of mistaken orders tied to Goldman Sachs that hit just after the market opened, with many likely to be canceled, according to exchange officials.
DUNCAN, Okla.—Prosecutors filed charges against three teenagers Tuesday after police said the boys randomly targeted an Australian baseball player as he jogged and shot him in the back, killing him.
The S&P; 500 rose Tuesday, snapping a four-day streak of declines, as a handful of retailers reported better-than-expected earnings and investors waited to hear more on the future of the Federal Reserve's easy monetary policy.
DECATUR, Ga.—A suspect was in custody after gunfire erupted at an Atlanta-area elementary school and all students and teachers were accounted for and safe, authorities said.
Aluminum deliveries into warehouses run by big banks and trading firms have plunged this summer, highlighting Wall Street's retreat from the once-lucrative commodities business amid stagnant markets, new rules and regulatory scrutiny.
Is Australia in for another era of conservative government? If the latest polls are any indication, the short answer is yes.In a weekend survey conducted for our sister publication, the Australian, the opposition Liberal Party coalition ...
DETROIT—The two pension funds that represent Detroit's city workers and retirees are challenging the way the city's emergency manager has calculated their unfunded liabilities, leading to a possible showdown in federal bankruptcy court over ...
NEW YORK—Officials here are moving ahead with a controversial plan to raise money for the financially strained public-housing system by building market-rate apartments in the backyards of project tenants.
WASHINGTON—The Consumer Financial Protection Bureau filed suit on Tuesday against a debt relief firm that has challenged the constitutionality of the consumer watchdog, alleging the company charged illegal fees and deceived customers.
CAIRO—The arrest of the leader of the Muslim Brotherhood by Egyptian authorities drew a muted response from the group, with a vow to continue its struggle, during an unusual lull in street protests.
Eastman Kodak Co. cleared the final major hurdle in its Chapter 11 case Tuesday, winning a judge's approval of its plan to exit bankruptcy-court protection.
Investors wondering where sales growth at retailers like Wal-Mart Stores has gone got part of the answer on Tuesday: The shoppers went to Home Depot.
KILLEEN, Texas—Prosecutors rested their case Tuesday against the Army psychiatrist accused of killing 13 people and wounding more than 30 others during a mass shooting at Fort Hood in 2009, clearing the way for the defendant, Nidal Hasan, ...
BERLIN—German Finance Minister Wolfgang Schäuble said Greece will need a third bailout, in the bluntest admission by a top German official that the €246 billion ($328 billion) of international aid loans pledged so far won't be enough to ...
Mary Jo White is the Securities and Exchange Commission's third boss in nine months. And it is even harder to keep up with the rest of the turnover near the top of the nation's securities-law enforcer.
Across the U.S., football coaches and their players are gearing up for a new season on the gridiron. But for some colleges and high schools, the preparations include a big and unexpected job: putting in a new artificial-turf field.
Yields on certificates of deposit were unchanged in the latest week.The average yield on six-month "jumbo" CDs, which typically require deposits of $95,000 or more, remained unchanged at 0.15% from the week earlier, according to ...
Best Buy Co.'s promised renewal inched closer to reality Tuesday, after the consumer-electronics retailer's profit grew at a unexpectedly brisk pace in the latest quarter.
WEST ALLIS, Wis.—John Kalashian dunked globs of macaroni and cheese into a gurgling fryer, then popped them onto a paper plate and dusted them with a bacon-and-pepper concoction.
It turns out a bigger chunk of U.S. consumers' spending is going to spruce up their homes.For the first time since 1999, quarterly sales at Home Depot Inc.'s stores open at least a year rose at a double-digit rate, as the home-improvement ...
LONDON—A Guardian journalist's partner, who was detained for nine hours at Heathrow Airport this week under an antiterrorism law, on Tuesday started a legal process against the U.K. government and police.
JINAN, China—Heading the legal defense team for Bo Xilai, the former Communist Party highflier, may not seem like the best career move for a Chinese lawyer. Courts here are tightly controlled by the party and a guilty verdict in Mr. Bo's ...
Detroit's public-school system sold $92 million in debt Tuesday at a substantial yield premium, in the largest Michigan municipal-bond sale since Detroit's bankruptcy filing last month.
Cummins Inc. said Tuesday it has agreed to supply Nissan Motor Co. with a diesel engine for its Titan pickup trucks.At a showcase of its product and technology portfolio in California, Nissan said it will offer the Cummins 5.0L V8 Turbo ...
SHANGHAI—A recent misstep by a Chinese brokerage that caused big swings in the Shanghai stock market has highlighted how smaller and midsize firms are struggling to keep up with authorities' efforts to modernize the country's financial ...
TORONTO--The Canadian dollar moved lower against the U.S. dollar Tuesday to a fresh two-week low, as concerns about global growth, notably among developing nations, reverberated through the commodity-currency bloc.
Zillow Inc.'s shares slid a second day after the company and some of its insiders sold $412 million in stock at a steep discount.The stock finished Tuesday's trading down 4.8% at $80.71, extending the stock's week-to-date loss to 12%
LONDON—Glencore Xstrata PLC swung to a net loss during the first half of the year following a $7.66 billion write-down on Glencore's recent acquisition of Anglo-Swiss miner Xstrata PLC.
Ally Financial Inc. is taking new steps to repay the U.S. government for its financial crisis-era bailout and free itself from federal control.
The tale of Barnes & Noble appears to be longer than some investors bargained for.The bookseller reported lousy quarterly results Tuesday and said Chairman Leonard Riggio had suspended efforts to take B&N;'s retail business private. ...
The battle over closing Long Island College Hospital took an unexpected turn Tuesday, when a judge said the 2011 sale of the hospital to SUNY Downstate Medical Center was invalid, leaving open the question of who is in control of the ailing ...
J.C. Penney Co. on Tuesday said sales were starting to improve even as it reported a $586 million loss for its latest quarter, but executives provided little insight on when the department-store chain's long slide might bottom out.
The wealthy 63-year-old mining magnate has carved a sprawling empire of art in the lush Atlantic Forest in Brazil's southeast, a two-hour drive southwest of the city of Belo Horizonte—which feels, quite literally, in the middle of nowhere. ...
BEIJING—An apparent split emerged Monday among the relatives of Neil Heywood—a British businessman whose 2011 murder triggered China's biggest political scandal in decades—when a Chinese lawyer who says he represents the family disputed ...
Another day, another wrongheaded attack on Shelby v. Holder, the U.S. Supreme Court ruling that struck down Section 4 of the Voting Rights Act. But this one contains a bit of a surprise.
Deutsche Wohnen is moving to Berlin.The German landlord is offering €1.75 billion ($2.33 billion) in an all-stock deal for smaller rival GSW Immobilien, which owns about 60,000 apartments in Berlin. GSW investors, who stand to get 43% of ...
Under Colorado's new recreational-marijuana law, all retail pot products—from joints to laced brownies—will have to be labeled according to their potency starting next January.
LONDON—U.K. prosecutors said they would charge nine additional people, including the former managing editor of News Corp's tabloid the Sun, as part of a wide-ranging investigation of alleged illegal reporting tactics by the media.
Premiums for employer health coverage rose relatively slowly again this year, but the 4% increase in the cost of a family plan was still enough to push it above the $16,000 mark for the first time, according to a major survey.
BAE Systems PLC is set to launch a search for a successor to the pioneering head of its U.S. business, just as the world's third-largest defense contractor by sales faces the challenge of a shrinking Pentagon budget and changing military ...
Treasurys bounced back from a three-day losing streak, as a sharp rise in interest rates triggered concerns in emerging markets and spurred a flight to safety.
Sam Baker's album "Say Grace," self-released and out next week, reveals moments of sorrow and joy in the workaday lives of subjects who seem less like folk-song characters and more like people we have known. In Mr. Baker's tales, the ...
MELBOURNE, Australia—BHP Billiton has placed a big bet on rising global demand for food, as a slump in commodity prices pushed the mining company's profit down for a second straight fiscal year.
Barnes & Noble Inc. Chairman Leonard Riggio put on hold a possible move to buy the retailer's consumer bookstores, as the company reported quarterly results that featured lower sales and a loss that more than doubled from a year ...
The upcoming trial of disgraced former Chongqing Communist Party Secretary Bo Xilai will say much about whether the administration of President Xi Jinping can break with the party's age-old penchant for putting political expediency, as well ...
The land of smiles is not in a cheerful mood. Second quarter data out of Thailand on Monday showed that the economy contracted for a second time on a quarter-on-quarter basis, which was worse than expected and puts it technically in ...
The euro rose to its strongest level in six months as investors sold emerging-market currencies and piled into less risky assets in anticipation of a rollback of the Federal Reserve's bond-buying program.
Bret Stephens implies that helping Syria's rebels will somehow preclude al Qaeda attacking us in Europe and elsewhere ("The Al Qaeda Obama Forgot," Global View, Aug. 6). In fact, our helping the rebels in Libya has contributed to al Qaeda's ...
In August 1834, having turned 19, Richard Henry Dana shipped out from Boston for California aboard the tiny brig Pilgrim. For Dana, a Harvard man from a prosperous New England family, the voyage was a coming of age, a chance to experience ...
In Afghanistan, when someone is looking for some bad news buried deep inside the good, we say they are looking for the hair in the yogurt. In the last decade, we have watched a lot of foreign reporters come to Afghanistan and do just this.
Despite several of its batsmen underperforming in this series, England's lineup going into the final Ashes Test at The Oval Wednesday looks pretty settled. But the selectors still found room to throw an intriguing curveball by including ...
Does Stephen Moore seriously believe ("The Budget Sequester Is a Success," op-ed, Aug. 12) that President Obama "inadvertently chained himself to fiscal restraints that could flatten federal spending for the rest of his presidency"? Could ...
The inspector general's office of the Department of Health and Human Services is right to explore the prospect of overutilization of atypical antipsychotic medications in the child Medicaid population ("U.S. Probes Psych Drug Use on Kids," ...
Phil Gramm and Mike Solon assert that the roots of the financial crisis started with the Clinton era ("The Clinton-Era Roots of the Financial Crisis," op-ed, Aug. 13). How easy for Mr. Gramm to forget that as chairman of the Senate Banking ...
The U.K. mackerel industry welcomes Iceland's decision to return to the negotiating table with the EU and Norway over mackerel quotas. In his op-ed ("Plenty of Fish in Iceland's Seas," Aug. 9), Icelandic Fisheries Minister Sigurdur ...
In his Aug. 6 op-ed, Georgian Prime Minister Bidzina Ivanishvili says his government is making "progress through pragmatism." This is hard to see when it comes to democracy and the rule of law in Georgia.
U.S. regulators filed civil administrative charges against former Oppenheimer Holdings Inc. (OPY) fund manager Brian Williamson, accusing him of misleading investors by inflating the value of certain holdings.
NEW YORK--U.S. crude-oil futures fell sharply Tuesday, with the September contract posting the biggest one-day loss in two months as it went off the board.
Markets across Asia slumped Tuesday as anticipation of the scaling back of U.S. monetary easing draws attention to slowing growth and rising debt in the region, sending Indonesian stocks tumbling for a second day and pushing the Indian ...
MADRID—An investigative judge widened his inquiry into Spain's worst train tragedy in decades to include individuals within the state railway infrastructure company who he said had neglected "basic precautions" on the curve where the train ...
The U.S. Federal Reserve's plan to reduce monthly bond purchases is exposing the deep-seated fragility of India's economy, unnerving investors and underscoring the risks to emerging markets at a time of rising global interest rates.
NEW DELHI—As India's economy shifted into low gear earlier this year, sales at the country's largest car manufacturer also lost steam, falling nearly 7% in the second quarter from a year earlier.
"AT THE END OF THE DAY, I am a hairdresser," protests Guido Palau, as he sinks into a faded floral sofa at London's Charlotte Street Hotel. Wearing a love-worn blue shirt, sand-colored jeans and desert boots, and with a very full head of ...
MUMBAI—The National Spot Exchange, India's largest commodity spot exchange that shut operations following regulatory probes over possible trading violations, said Tuesday its board has removed Anjani Sinha as chief executive.
NEW DELHI—The India unit of Nissan Motor Co. said Tuesday that it would start selling from October its first compact sport-utility vehicle with a starting price of less than one million rupees ($15,810).
MUMBAI—India's central bank said Tuesday it would repurchase government bonds to increase the availability of cash in the banking system, a step that appears to be a partial reversal of the slew of measures it took since mid-July to tighten ...
A federal judge has approved a $730 million settlement between Citigroup Inc. and investors in four dozen bond and preferred stock-offerings who had accused the bank of lying about the quality of investments.
The client was in his late 60s and wanted to sell a business worth about $10 million.Because he already had $10 million in liquid assets and lived a modest lifestyle, he didn't need any of the proceeds for his own expenses. Instead, he had ...
The Mexican peso and other emerging-market currencies gained modestly Tuesday, recovering partially from the previous session's broad-based selloff.
MOSCOW—Russia has scaled back tough customs checks on Ukrainian imports, Ukraine's government said on Tuesday, a week after beginning a clampdown the Kremlin said would be extended if its ex-Soviet neighbor were to sign a free-trade deal ...
JAKARTA, Indonesia—A group of 13 Asia-Pacific nations declared their intention Tuesday to better grapple with people-smuggling in the region, by proposing tougher measures against criminal gangs and better search-and-rescue operations.
PRAGUE—The Czech lower house of Parliament voted overwhelmingly Tuesday to dissolve itself after months of political stalemate, paving the way for fresh elections in a country that has been battling economic malaise for nearly two years.
This weekend, Chad Loweth, a real-estate investor who had previously worked in the finance and hedge-fund industries, hosted what he called an art salon on the farm field at his Water Mill home.
FORT MEADE, Md.—A military judge said she will announce on Wednesday the sentence for Army Pfc. Bradley Manning, who gave reams of classified information to WikiLeaks.
HONG KONG—China Southern Airlines Co. is hoping to squeeze profit from its underperforming Airbus A380 fleet by expanding to more international routes, including flights to Sydney.
IF ERIK TORSTENSSON AND Jens Grede were to write a self-help book for aspiring entrepreneurs, it might be called Little Effort, Huge Reward. The phrase is something that Torstensson repeats many times when discussing the ambitions for ...
Being an entrepreneur takes more than just a keen eye for business.So today we asked The Experts: What are the three most important traits of successful entrepreneurs?
European stock markets slid ahead of the release of minutes from the latest Federal Reserve meeting.The Stoxx Europe 600 index dropped 0.8%, to 302.25, marking the lowest closing level in August.
Indonesia's central bank confirmed that it has been moving to support the rupiah as stocks and currencies fell in Southeast Asia's major markets for another day Tuesday.
That Japan's politicians continue to pay homage to war criminals at the Yasukuni Shrine ("Tokyo Shrine in Limelight Again," Page One, Aug. 14) highlights a glaring problem with East Asian nationalism: Morality is relative and subservient to ...
In your editorial on a possible China-U.S. bilateral investment treaty ("China Chomps at the BIT," Review & Outlook, Aug. 14), you state that "The goal in the [treaty] ... is to extend the principle of 'national treatment'—foreign firms ...
China's Yong Sheng is an unremarkable ship that is about to make history. It is the first container-transporting vessel to sail to Europe from China through the Arctic rather than taking the usual southerly route through the Suez Canal, ...
China's Yong Sheng is an unremarkable ship that is about to make history. It is the first container-transporting vessel to sail to Europe from China through the Arctic rather than taking the usual southerly route through the Suez Canal, ...
Currency brokerage FXCM Inc. is in talks to invest in Infinium Capital Management LLC, a struggling high-frequency trading firm, people close to the discussions said.
"The list of women who own his diamond and enamel-encrusted animals reads like a who's who," wrote the newspaper columnist Eugenia Sheppard in 1964 of the late jewelry designer David Webb. "The Duchess of Windsor, Mrs. Charles Wrightsman ...
NEW DELHI--India is likely to go ahead with a plan to issue rupee-denominated bonds overseas, in a bid to attract more capital and stem the decline of its currency, a senior government official told The Wall Street Journal Tuesday.
Swiss insurer Zurich Insurance Group AG and the international arm of U.S. insurer Liberty Mutual are expected to submit final bids this week to buy Sinosafe General Insurance in a deal that will be valued at up to $1.7 billion and could ...
TOKYO—The parent of All Nippon Airways said Tuesday that its low-cost-carrier venture will be reborn as Vanilla Air in November, as it looks to navigate the increasingly crowded budget-airline market on its own.
LONDON—The U.K. government is taking new steps to address a lingering threat to the country's economic recovery: the continued squeeze on household incomes and consumer spending.
SÃO PAULO, Brazil—The U.K. informed the White House in advance that it would detain the Brazilian partner of a Guardian reporter during a stopover at London's Heathrow Airport, White House officials said Monday.
Bug becomes pest: An unemployed Palestinian programmer discovered a privacy bug on Facebook, but the social network ignored it. So the man hacked into CEO Mark Zuckerberg's personal page to prove his point. Associated Press.
New benefits: Small firms are getting adventurous with perks. Some are letting employees keep their dogs in their cubicle, and others are giving out free beer every week. Wall Street Journal.
WASHINGTON—The Federal Reserve said some of the largest U.S. banks are stumbling in efforts to assess their own potential risks and financing needs, raising the possibility that banks could be pushed to increase their capital or curtail ...
BRUSSELS—A dispute over fish stocks in the North Atlantic escalated on Tuesday, as the European Union imposed sanctions on the Faroe Islands for refusing to cut its herring catch and moved to do the same against Iceland over mackerel ...
KUALA LUMPUR, Malaysia—Religious tensions were building in this Muslim-majority country ahead of a court hearing this week to determine whether Christians can use the word "Allah" in print to refer to the Christian God.
Apple Inc. has asked assembler Hon Hai Precision Industry Co. to begin shipping both a new high-end and low-end iPhone in early September, people familiar with the matter said.
BEIJING—Chinese authorities suspended and seized imports of milk powder from a New Zealand cooperative after the producer said some exports to China were contaminated, in the latest hit for New Zealand dairy products in a key market.
Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Joe McLean is senior adviser at True Capital Management in New York.
Wal-Mart Stores Inc., Gap Inc. and other major U.S. retailers plan to meet Tuesday in Chicago to start implementing a Bangladesh factory-safety plan announced last month amid criticism it lacks teeth to enforce company promises.
ISTANBUL—Turkey's central bank on Tuesday delivered a surprise by ramping up lending rates for a second time in as many months to fight a lira slump that threatens to undermine efforts to stabilize the economy. But the move failed to ...
India's financial markets were on a roller-coaster ride Tuesday, opening sharply lower for a third consecutive session, but recouping most of their losses by the end of the trading day.
Bill de Blasio, New York City's public advocate and a candidate for mayor, was shaking hands with voters outside the 96th Street and Broadway subway station when Nobel laureate Joseph Stiglitz, a former Clinton administration economist, ...
OSLO—Growth in Norway slowed to a near standstill in the second quarter, raising concerns that the oil-rich economy is beginning to stall and potentially heightening pressure on Prime Minister Jens Stoltenberg's struggling Labor Party three ...
SYDNEY—Rescuers pulled more than 100 suspected asylum seekers to safety Tuesday after their boat sank in the Indian Ocean.The boat sank about 220 kilometers (140 miles) north of Christmas Island, where Australia operates a detention camp ...
HONG KONG—Cnooc Ltd., China's largest listed offshore oil and gas producer by output, said Tuesday its first-half net profit rose 7.9%, thanks to stronger oil and gas output overseas following the acquisition of Canada's Nexen Inc.
WELLINGTON, New Zealand—New Zealand's central bank imposed new curbs on mortgage lending aimed at heading off a nascent housing bubble that in the past has contributed to a recession.
TORONTO--The job shedding continues at BlackBerry Ltd. (BBRY), a week after the embattled smartphone company announced that it was putting itself up for sale.
Netflix Inc. and the Weinstein Co. unveiled a new multiyear licensing deal, giving Netflix exclusive U.S. subscription-TV rights to the movie studio's films starting in 2016.
Lawyers for deposed Egyptian President Hosni Mubarak filed a court motion Monday for the immediate release of the former president, who has been in custody since his February 2011 ouster, a prospect that threatens to add another explosive ...
See key dates in the political career of Pakistan's former leader, who seized power in a coup in 1999 and resigned as president in 2008.
FRANKFURT—German property company Deutsche Wohnen AG moved to cement its position in Berlin's dynamic housing market Tuesday, announcing a takeover bid for rival GSW Immobilien AG in a transaction that would create the country's ...
1. TOP STORY: It's a story of continued ugliness in the more vulnerable Asian markets Tuesday. The Indonesian rupiah and the Indian rupee continued to tumble. The rupee fell to a fresh record low against the dollar for the third-straight ...
Macau's VIP players have long flashed opulent Versace bags and watches at the gambling tables. Soon they will also be staying in a Versace-designed hotel.
The share of undergraduates who used federal student aid to help pay for college jumped to 57% in 2011-12 from 47% in 2007-08, according to a report set to be released by the Education Department on Tuesday.
Emerging markets are beating a sharp retreat, but Indonesia is suffering more than most. Shares in Jakarta are down 11.6% in the past month, compared with a 1% fall in the MSCI Asia-Pacific index. The rupiah has fallen 4% against the dollar ...
A daily look at late-breaking news, upcoming events and the stories that will be talked about today:1. BROTHERHOOD LEADER DETAINED IN EGYPTMohammed Badie was captured in Cairo after the possibility of the release of jailed ex-president ...
LONDON—U.K. investment vehicle W&G; Investments PLC Tuesday made a bid of up to £1.5 billion ($2.35 billion) for 316 Royal Bank of Scotland Group PLC branches that the lender must sell under European Union rules following its government ...
The yuan finished lower late Tuesday, after the central bank guided the Chinese currency lower, following U.S. dollar strength overnight.The dollar-yuan pair closed at 6.1246, up from 6.1229 late Monday.
BEIJING—China unveiled a new financial body to coordinate regulatory policies in a move that gives an expanded role to the central bank following a painful cash crunch that put heavy stress on the nation's banking system.
SYDNEY—Australia's QBE Insurance Group Ltd. downgraded its revenue forecast for the full year, anticipating lower income at its U.S. business as regulators there crack down on overpriced home insurance.
WELLINGTON, New Zealand--The New Zealand dollar is trading sharply lower late Tuesday after the Reserve Bank of New Zealand Gov. Graeme Wheeler described the currency as "overvalued" in a speech on restrictions to high-risk lending.
China's Rising RisksThe Wall Street Journal takes a look at the Chinese financial system where debt has surged and cracks are beginning to show.
SYDNEY—The Australian dollar neared a two-week low Tuesday after the central bank said there is the possibility of a further cut in interest rates, but added nothing imminent is planned.
The effort to transform a 3½-mile stretch of abandoned railway tracks in Queens into a park reminiscent of Manhattan's High Line has reached two milestones: Organizers have raised $1 million for the design and planning phase and next week ...
U.S. stocks tumbled for a fourth session in a row, their longest losing streak this year, as investors braced for the possible end of the Federal Reserve's easy-money policies.
Brazil's currency hit a new low against the dollar amid increasing concerns that the country's policy makers are failing to reinvigorate the South American economy.
Everbright Securities suffered another trading mishap by mispricing a bond sale, three days after a mistaken trade by the Shanghai-based broker sparked turmoil in the stock markets.
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