finance

Why Egypt just let its currency crash by 48%

Egypt tried to draw a line under a deep economic crisis Thursday by allowing its currency to float freely. The move saw the Egyptian pound crash 48% against the U.S. dollar, but should mean the…


The EU just saved half a billion bucks

It feels great to get a deal done, eh? Europe and Canada just signed a wide-ranging free trade agreement on Sunday, to make it easier and cheaper to conduct trans-Atlantic trade in goods and services….



Venezuela hikes minimum wage 40% — to $67 a month

Venezuela’s President Nicolas Maduro just increased the nation’s minimum wage by 40%. But that’s still not much in a world where inflation is expected to soar by nearly 500% this year and 1,660% next year,…


Clinton calls Trump a ‘sore loser’

By Luciana Lopez and Emily Stephenson | CHARLOTTE, N.C./NAPLES, FLA. Democratic presidential candidate Hillary Clinton called Donald Trump a “sore loser” on Sunday because of his refusal at their debate last week to commit to…


China wins WTO ruling against U.S. dumping rules

China won the bulk of its complaint against the United States in a ruling on Wednesday by a World Trade Organization dispute panel, after challenging U.S. rules on “dumping” of goods. China brought the complaint…


U.S. investment orders edge up 0.4% in June

WASHINGTON — A key category of orders to U.S. businesses that tracks investment posted a small gain in June after two months of declines. But overall factory orders fell, reflecting a drop in the volatile…