(Reuters) – Zimbabwe’s decision to suspend bank lending in a desperate bid to arrest the rapid devaluation of its currency will worsen the economic crisis and expose borrowers to predatory…
By Gabriel Burin BUENOS AIRES – Brazil’s economy has entered a phase of stagnation that will persist next year as unrelenting inflation curtails consumer spending and policymakers struggle to find…
WASHINGTON – The U.S. Securities and Exchange Commission (SEC) on Friday announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly $450 million…
BRUSSELS – The European Union has agreed to freeze the assets in the EU of the boss of Russia’s top lender Sberbank, Vladimir Putin’s two daughters and more oligarchs, according…
BERLIN – A short-term freeze on energy imports from Russia resulting from its invasion of Ukraine is likely to cause a collapse in German gross domestic product similar to that…
By Carolyn Cohn and Simon Jessop LONDON -Asset managers including France’s Amundi and BNP Paribas, Britain’s HSBC and Switzerland’s Pictet have frozen Russia-focused equity funds totalling over $3 billion in…
HONG KONG – Shares of cash-strapped Chinese property developer Shimao Group eased on Thursday, after it sought to extend payments of a $947 million trust loan and reports said that…
AMSTERDAM – The city of Amsterdam announced on Thursday a one-year freeze on the opening of new “dark stores” – small distribution centres in residential areas or nearby shopping streets…
CORPUS CHRISTI, Texas – A 27-year-old Harlingen man has been ordered to prison for two separate smuggling attempts, announced Acting U.S. Attorney Jennifer B. Lowery. Eduardo Javier Jimenez pleaded guilty…