Even a short default will raise local companies' borrowing costs.
Last year, the EU imported nearly 46 percent of its gas and 31 percent of its coal from Russia, against which it has now imposed new sanctions.
Tourism in the Asia Pacific region grew at over 6 percent in the first four months of 2014 -- higher than the global average of 5 percent.
India's ultimatum has revived doubts about the future of the WTO as a negotiating body.
Russia announced a ban on most fruit and vegetable imports from Poland and said it could extend it to the entire European Union.
Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.
Three years ago, the automotive market's contribution to the U.S. economy was contracting. Not any more.
Indonesia’s democratic progress is laudable, but the economic challenge remains.
Mayor Bill de Blasio's office thinks the new law will apply to 200,000 working New Yorkers who previously had to choose between health and pay.
The U.S. economy grew a better-than-expected 4 percent in Q2, but for the working man and woman, the payoff is still some ways off.
The National Labor Relations Board recently ruled that McDonald's could be named as an official employer for its franchise locations.
In most countries, the creation of electricity leads to the biggest source of water consumption
During the second quarter, American spending increased by 2.5 percent with shoppers going big on cars and trucks.
Argentina faces its second default in 12 years if it can't reach agreement with holdout creditors.
Announcing the sanctions, President Obama said that Russia was "isolating itself from the international community."
The New Jersey governor wants to cut retirement benefits, but a new study says pensions boost the economy.
The U.S. Government Accountability Office called for legislative change to curb tax-avoidance by tobacco companies.
Experts say that Whole Foods' Q3 earnings report will likely be disappointing, but they believe the company's long-term outlook is more promising.
Brazil has been suffering its worst drought in 40 years recently and it's affecting the nation's economy in several ways.
Tax Free Weekend 2014, a holiday where no sales tax is tacked onto purchases for eligible items, will be celebrated by many states during the first weekend in August.
Unpaid credit card bills, medical bills and utility bills all contribute to past-due debt, according to a new report from the Urban Institute.
A NOAA study looking at 25 cities vulnerable to climate-change-related flooding indicates the trend is getting worse in the U.S.
Apparently having a top-secret security clearance doesn't require an IRS audit.
Time is running out for Argentina to pay "holdout" investors suing Latin America's No. 3 economy for full payment on their bonds.
This will be the first U.S. cabinet-level visit to India since the Narendra Modi-led BJP government won the Indian elections in May.
Some cities have recovered strongly since the Great Recession, but others haven't been so lucky.
Tesla will reveal more details this week about its battery factory.
The U.S. has been accused of “political greenwashing” and its energy policies blamed for an increase in global emissions.
Tougher sanctions against Russia are necessary, no matter their effect on the economy, German Finance Minister Wolfgang Schaeuble says.
The largest meat processor in the U.S. denies that the move is related to its recent acquisition of Hillshire Brands.