Though China's growth rate is slowing down, the world's second-largest economy can bounce back to regain the momentum and manage the risks involved, observes International Monetary Fund (IMF).
Government
Venezuela's currency against US dollar tumbles 737%
The value of Venezuela's currency, the Bolivar, has nose-dived too fast and has now reached a point where it's worth less than a penny on the US dollar.
Euro nations take a vote on Greece bailout ahead of crucial meetings
Greek is heading towards a third round of bailout package when the crisis-hit nation is about to make repayment of euro 3.2billion to the European Central Bank. The third bailout plan for ailing Greece economy is creating tremors in the European Union (EU). German's decision is crucial on Wednesday.
Puerto Rico responds to fiscal crisis with a regressive tax that could hurt country's bottom line, poor people
Puerto Rico is jacking up its sales tax in a bid to address its fiscal problems. This is considered a regressive move that could ultimately hurt the country's bottom line and its countless poor people.
Financial Struggle: Fidel Castro shares his biggest regrets
Citigroup executive and author of "Banker to the World" Bill Rhodes revealed some of the biggest financial regrets of revolutionary and Cuban leader Fidel Castro.
Latest News
The last week witnessed a sudden jump in new applications for unemployment benefits while the four-week average showing a healthy situation in the job market as it touched a record low since 15 April 2000.
Gov. Scott Walker of Wisconsin signed a bill on Tuesday allowing $250 million of taxpayer's money to help fund an arena that would replace the almost three-decade-old Bradley Center.
Former first lady Eleanor Roosevelt is the preferred by a majority of Americans to be featured in the $10 bill, expected to be circulating in the year 2020, according to a recent survey done by The Marist Poll.
Presidential candidate Hillary Clinton will unveil a college affordability plan which will make college education more accessible to students, and will reduce the interest rates on student's existing loans.
Based on the July jobs data, the United States may be headed for an interest rate hike, a sign the economy is in good health.
Federal Reserve's Vice Chairman Stanley Fischer stated that although the US has achieved almost full employment, inflation is temporarily low.
The US State and Local government pension funds registered worst performance since 2012 following the bleak performance in global stock markets and bonds.
Greek government officials discussed a draft of the country's third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days.
A black Monday for Greece's stock market. Its benchmark Athens Stock Exchange Index ended the day 16% lower after it re-opened for the first time in five weeks.
