MOSCOW—The tycoons who reaped fortunes thanks to Russia's controversial 1990s privatizations should make a one-time windfall payment to legitimize their holdings, Prime Minister Vladimir Putin said Thursday.
BEIJING—A senior Chinese official warned of a "trust deficit" hampering relations between Beijing and Washington, just five days before Xi Jinping, the man expected to become his country's top leader later this year, begins a visit to the ...
De Beers, the world's largest diamond miner, could be sounding the first warning calls that even wealthy consumers this year will be cautious buyers faced with an economic outlook that's not too shiny.
President Barack Obama's budget proposal Monday will offer several measures to trim the federal deficit in the next 10 years. But it would leave largely unchanged the biggest drivers of future government spending: the Medicare, Medicaid and ...
LONDON—European regulators said the Continent's banks are well on their way to replenishing their capital cushions, but concerns persist that the lenders aren't taking sufficiently drastic actions to fortify themselves.
By Natasha Brereton-Fukui of Dow Jones Newswires SINGAPORE - Reliance Industries Ltd.'s new US$1 billion 10-year dollar bond strengthened in initial trading Friday, in a positive sign for the many hopeful Indian debt issuers waiting in the ...
Foreclosure settlement: The $25 billion settlement with banks over alleged foreclosure abuses will provide financial relief to an estimated one million at-risk borrowers, raising new hopes for an economy still hurting from the mortgage ...
The $25 billion settlement with banks over alleged foreclosure abuses will provide financial relief to an estimated one million at-risk borrowers, raising new hopes for an economy still hurting from the mortgage bust.
TODAY'S CALENDAR Local/GMT 0900/0800 Czech central bank minutes from Feb 2 meeting Friday brings minutes from the Czech central bank's most recent monetary policy meeting, at which the governor switched to a markedly dovish stance after ...
The U.S. trade deficit widened for the second straight month in December, pushed higher by rising oil prices and imports of cars and planes.
FRANKFURT—European Central Bank President Mario Draghi openly encouraged European banks to take advantage of the ECB's next offer of cheap three-year loans later this month, saying use of the facility shouldn't be interpreted as a sign of ...
Economists need to get out more -- Ahead of the Tape Shelling out a $25 billion penalty is certainly painful. But bank-stock investors may be able to grin and bear -- Heard on the Street
High gas prices? Purchase restrictions in mega cities? Neither can keep China from pursuing its ardent love affair with the automobile. Such at least is the view of senior J.D. Power analyst Geoff Broderick, who says the power of that love ...
NEW DELHI -- India's industrial output growth slowed sharply in December as high interest rates and weaker global conditions continued to hurt the economy which is set to grow at its weakest pace in three years, but a rate cut by the ...