Banco Santander's announcement that it would be spinning off nearly one quarter of its Mexican unit in an initial public offering later this month was greeted by the markets as a seemingly win-win-win proposition. But the move by the large Spanish bank only highlights the increased dependence Iberian banks have had on their overseas branches over the past few years and how, in an effort to now package off those units and sell them, they could be killing the hen that's been laying the golde...
The fact that the Democrats are preparing to convene in North Carolina highlights how shifting demographics are changing America's electoral map.
Republican critics jumped on President Obama's remarks as more evidence that the he is not capable of reviving the economy.
During the holiday week, economy-watchers are likely to focus on Friday's August nonfarm payrolls report and the European Central Bank’s governing council meeting, on Sept. 6.
A car filled with explosives rammed into a U.S. government vehicle near the U.S. Consulate in the northwestern Pakistani city of Peshawar Monday, killing two people and injuring five others, media reports said citing Pakistani authorities.
The worst drought to hit U.S. cropland in more than half a century could soon leave Americans reaching deeper into their pockets to fund a luxury that people in few other countries enjoy: affordable meat.
He's practically the devil incarnate to the Republican Party, but no president since President Franklin D. Roosevelt has had to address as many serious economic, financial and foreign policy problems as President Barack Obama. Further, Obama's relative success addressing these problems, and the Republican Party's callousness, will lead to Obama's re-election in November.
Fast-food franchise owners say the Affordable Care Act could virtually put them out of business with its requirements that they provide health-care coverage.
It seemed everyone was claiming their crystal ball has been right in anticipation of a much-hyped speech by the world's most powerful central banker, who managed to turn the attention of traders around the world to his podium in bucolic Jackson Hole, Wyo. Friday. They were all right and, as usually happens in such cases, they were also all wrong.
The Bank of Spain announced on Friday that capital outflow from the country had increased by almost 40 percent in June 2012.
RNC 2012: Clint Eastwood's Surprise Appearance At Republican National Convention Propels Star Power To Fore, Evokes Twitter Backlash (VIDEO)
As Clint Eastwood made his "surprise" appearance at the Republican National Convention and delivered his speech supporting Republican Mitt Romney and mocking President Obama, star power came to the fore ahead of November 6 elections even as Twitterati blasted his speech.
Mitt Romney has moved into a narrow lead over President Barack Obama in a small bounce for him from the Republican National Convention, a Reuters/Ipsos poll found Thursday.
Market-watchers continued to use words like "anticipation," "expectations," "disappointment" and "excitement" Thursday, less than 24 hours ahead of a speech by Federal Reserve chairman Ben Bernanke that is being hyped up as a make-or-break moment for economic affairs in 2012.
Following the Congressional Budget Office's (CBO) predictions of the imminent "fiscal cliff" that will send the U.S. economy into a recession after January 1, 2013, analysts are struggling to identity the true extent of the oncoming threat. While the CBO estimates that unemployment will increase to about 9 percent in the fallout from proposed "fiscal tightening" measures, Capital Economics suggested in a U.S. Employment Report published today that the effect on hiring may be more ...
Once, Republicans Supported Collective Bargaining, Mass Transit Funding, And Even Progressive Taxation
A comparison of past RNC platforms truly demonstrates how far the party has swung to the right.
U.S. consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth could pick up this quarter.
Britain in the early 1980s found itself in dire need of a happy jolt
More Americans than forecast filed applications for new jobless benefits last week, the Labor Dept. said Thursday, suggesting that the labor market is barely healing.
The U.S. stock index futures point to a lower open Thursday as investors continue to have concerns about the weakening global economy and worsening economic growth momentum.
Obama AMA: President's 'Ask Me Anything' Thread On Reddit A Great PR Move For His Campaign; 5 Interesting Questions
On Wednesday, U.S. President Barack Obama did something that helped him reach and communicate with millions of people directly. The President spent around half-an-hour on the popular link-sharing website Reddit, answering questions from the general public and became the first ever sitting president to participate in a forum, commonly referred to as an AMA or "ask me anything."
Prostitution is rising to dangerous levels in Madagascar, and this has become one of the most controversial signifiers of the country's political and economic breakdown over the last three years.
America's 50 state governments owe a total of $4.19 trillion, including outstanding bonds, unfunded pension commitments and budget gaps. Here's a look at the top five states with the heaviest debt burdens in the country.
Former Florida governor Jeb Bush renewed his call for Republicans to reconsider their immigration platform on Tuesday, warning attendees of a panel discussion that the future of the party is at stake.
The U.S. economy expanded slightly faster than initially thought in the second quarter, but the pace of growth is still too slow to create enough jobs and drive down the unemployment. Economists are forecasting even slower growth in the second half of 2012, which will probably keep expectations of additional monetary stimulus from the Federal Reserve intact.
Although the tropical storm Isaac forced the cancelation of Monday's opening session of the Republican National Convention in Tampa, the conference was finally kicked off Tuesday with New Jersey Governor Chris Christie impassionedly challenging the Republicans to start "taking our country back" during his keynote speech.
Seven key events in the next fortnight that will determine whether the now-four-year-old euro zone crisis results in Greece and perhaps also Spain leaving and even whether the monetary union will survive. Here is a list of the seven critical dates with their corresponding events.
Spain's Catalonia region will ask for more than $6 billion from the nation's central government as it struggles with massive debts and an acute budget shortfall. Other Spanish regions are also lining up for similar aid requests.
Private sector deposits fell by nearly 5 percent in July to €1.509, European Central Bank data showed, as public confidence in the banking system continued to plummet amid a worsening economic situation.
The biggest event this week is Friday's Jackson Hole meeting. While this week's economic calendar is rather packed, Wall Street seems to care more about Federal Reserve Chairman Ben Bernanke's speech at the Kansas City Fed's annual economic symposium.
Lonmin PLC, the platinum producer whose Marikana mine in South Africa was the site of deadly protests during the past several weeks, is pushing for a return to business as usual after an operations shutdown caused by a wildcat strike and a period of national mourning.