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Stories with subject: Financial crisis
  • new storyGreetings from Asbury Park, opening first hotel in 50 years 
    Updated: May-01-16 11:35 am

    ASBURY PARK, New Jersey - In the Jersey shore city that gave Bruce Springsteen's debut album its name, owners of the first new hotel to open there in more than 50 years hope they can convince locals and tourists alike that what was once considered a slum by the sea is now a destination with a bright future.

  • Iraq says oil exports, revenues increase in April 
    Updated: May-01-16 6:32 am

    BAGHDAD - Iraq says April crude oil exports have increased by 2.3 percent from the previous month, filling cash-strapped coffers amid an acute economic crisis.

  • Gov: Puerto Rico braces for lawsuits as major default looms 
    Updated: Apr-29-16 7:00 pm

    SAN JUAN, Puerto Rico - Puerto Rico's governor said Friday that the U.S. territory is bracing for multiple lawsuits as a major default looms over a $470 million bond payment.

  • Puerto Rico reports 1st US Zika-related death amid outbreak story has photos
    Updated: Apr-29-16 1:52 pm

    SAN JUAN, Puerto Rico - Puerto Rico announced Friday that it has recorded the first Zika-related U.S. death amid an outbreak of the mosquito-borne virus in the U.S. territory.

  • Eurozone economy regains size of 2008 but remains shaky story has photos
    Updated: Apr-29-16 10:19 am

    LONDON - It's been a long and tortuous journey, but the eurozone economy is finally back to the size it was before the global financial crisis.

  • Biden presses Iraq to not let political chaos upend gains story has photosstory has video
    Updated: Apr-28-16 5:39 pm

    BAGHDAD - Vice President Joe Biden pressed Iraq on Thursday not to let its crippling political crisis upend hard-fought gains against the Islamic State group as he returned to the country that's come to symbolize America's relentless struggles in the Middle East.

  • EU in trouble as Eurosceptic parties gain in strength 
    Updated: Apr-28-16 11:50 am

    VIENNA - Even before a vehemently anti-EU party won strong support in Austria, the European Union's top official acknowledged that the 28-nation bloc was in trouble.

  • Economic watchdog warns on UK leaving European Union 
    Updated: Apr-27-16 6:15 am

    LONDON - The head of the global economic forum OECD warned Britain that leaving the European Union would be tantamount to taxing its citizens - another in a growing cavalcade of cautionary advice ahead of a June 23 referendum on membership in the 28-nation bloc.

  • Companies eye partnership deals to counter low growth 
    Updated: Apr-25-16 6:32 am

    LONDON - With global economic growth slowing, inflation staying low and digital innovation generating uncertainty, companies are increasingly looking at partnership deals with other firms, even competitors, to boost revenues, consulting firm EY said Monday.

  • Partnership deals in vogue to counter low growth 
    Updated: Apr-24-16 7:42 pm

    LONDON - With global economic growth slowing, inflation staying low and digital innovation generating uncertainty, companies are increasingly looking at partnership deals with other firms, even competitors, to boost revenues, consulting firm EY said Monday.

  • New Mexico eyes $24 million settlement in pay-to-play case 
    Updated: Apr-22-16 8:25 pm

    SANTA FE, New Mexico - New Mexico officials are considering whether to accept a $24 million settlement from an investment firm in what would be the largest payment yet in a pay-to-play scandal during the administration of former Gov. Bill Richardson.

  • Puerto Rico's economic crisis threatens Democratic primary 
    Updated: Apr-22-16 11:18 am

    SAN JUAN, Puerto Rico - Puerto Rico's economic crisis has thrown the U.S. territory's upcoming Democratic primary into question.

  • One UK steel town, one crisis that affects the nation 
    Updated: Apr-22-16 2:47 am

    PORT TALBOT, Wales - To Mark Turner, the Tata Steel plant in this small Welsh town isn't just a factory. The steel worker sees two dragons, the plant's blast furnaces, breathing fire into the dawn sky over a town where monks first built a forge in the Middle Ages.

  • In Saudi visit, Obama works to calm Gulf tensions with US story has photos
    Updated: Apr-21-16 3:09 pm

    RIYADH, Saudi Arabia - President Barack Obama strained to ease tensions with Persian Gulf allies Thursday, pledging U.S. help in confronting Iran and other security threats. Yet he failed to win the commitments he sought to boost economic aid to Iraq.

  • Merkel lauds Turkey in dealing with Syria refugee crisis story has photos
    Updated: Apr-21-16 2:14 pm

    EINDHOVEN, Netherlands - Despite increasing discord between the European Union and Turkey, German Chancellor Angela Merkel lauded Ankara's commitment to deal with the Syrian refugee crisis and said her weekend trip to the Turkish-Syrian border will be used to raise all contentious issues between the two sides.

  • Indiana awarded $3M in additional Hardest Hit funding 
    Updated: Apr-20-16 11:01 pm

    INDIANAPOLIS - Indiana is receiving more federal funding to help homeowners struggling with mortgage payments.

  • US Virgin Islands prepares for minimum wage increase 
    Updated: Apr-20-16 7:01 pm

    CHARLOTTE AMALIE, U.S. Virgin Islands - The government of the U.S. Virgin Islands announced Wednesday that it will soon increase the minimum wage to $8.35 an hour.

  • University of Illinois planning layoffs 
    Updated: Apr-20-16 6:15 pm

    CHAMPAIGN, Illinois - The University of Illinois in Urbana-Champaign is planning layoffs as a result of the state financial crisis, according to an email from a school administrator, marking the first time the university system's flagship campus has turned to job cuts amid the budget stalemate.

  • Missing ingredient for millennials: Down payment savings 
    Updated: Apr-20-16 7:05 am

    WASHINGTON - Short of savings and burdened by debt, America's millennials are struggling to afford their first homes in the face of sharply higher prices in many of the most desirable cities.

  • Argentina returns to global markets with $16.5 billion bond 
    Updated: Apr-19-16 6:10 pm

    BUENOS AIRES, Argentina - Argentina has made a highly successful return to global credit markets with the launch of a $16.5 billion bond offering.

  • Argentina returns to international credit markets 
    Updated: Apr-18-16 6:09 pm

    BUENOS AIRES, Argentina - Argentina on Monday returned to global bond markets for the first time in 15 years.

  • The Latest: Sanders expands on campaign message at Vatican story has photos
    Updated: Apr-15-16 12:34 pm

    WASHINGTON - The Latest on Democratic presidential candidate Bernie Sanders' trip to Rome to speak the Vatican conference on social and economic justice (all times Eastern Daylight Time):

  • House Republicans miss budget deadline amid caucus divisions story has photos
    Updated: Apr-15-16 12:04 pm

    WASHINGTON - House Republicans departed Washington on Friday having missed a deadline to pass their long-stalled budget and without appearing to revive it despite the embarrassment for the party and its new House Speaker Paul Ryan.

  • AP FACT CHECK: Clinton vs. Sanders on Wall Street story has photosstory has video
    Updated: Apr-15-16 10:16 am

    WASHINGTON - Her intent was to mar the voting record of her rival. But Hillary Clinton also cast aspersions on the presidential record of her husband in testy exchanges with Bernie Sanders over Wall Street regulation.

  • Debate Takeaways: Clinton, Sanders show their fighting side 
    Updated: Apr-15-16 8:54 am

    NEW YORK - Hillary Clinton and Bernie Sanders let loose with a series of combative accusations on Wall Street, the minimum wage and guns in a rough-and-tumble debate Thursday at the Brooklyn Navy Yard.