U.S. prosecutors announced charges against five former Venezuelan officials accused of soliciting bribes in exchange for helping vendors win favorable treatment from state oil company PDVSA, the latest case to stem from a US$1 billion graft probe.
The former investment banker at Goldman Sachs became the new president of U.S. Soccer on Feb. 11. He replaces Sunil Gulati after an election in Orlando, Florida that required three rounds of voting to finally crown Cordeiro.
The U.S. Federal Reserve is likely to continue removing policy accommodation gradually and could hike rates three times this year, Dallas Fed President Robert S. Kaplan told a business conference in Frankfurt on Thursday.
United States handed this week a new visa to Argentina's ex foreign minister Hector Timerman, after having revoked the document almost a month ago. Current foreign minister Jorge Faurie was instrumental in obtaining the visa, according to Buenos Aires diplomatic sources.
Europe is once again a top travel destination for Americans. Five European countries, Italy, Ireland, France, Iceland and the United Kingdom, comprised half of the top 10 spots for vacation plans in 2018.
The United States Dow Jones industrial average nosedived more than 1,000 points on Thursday, registering another eye-popping loss for the closely-followed index, as wild trading and fears of rising interest rates around the world took hold of traders. The Dow as well as the S&P 500, a broader stock index, are now down more than 10% from their all-time highs, passing an important psychological barrier known as a “correction” for the first time in two years.
China’s support for Venezuela has benefited ordinary people and been broadly welcomed, the foreign ministry said after the U.S. Treasury accused China of aiding Venezuelan President Nicolas Maduro’s government with murky oil-for-loan investments.
Jerome Powell was sworn as the 16th chairman of the Federal Reserve on what turned out to be a turbulent day for Wall Street, with the Dow Jones industrial average plunging by more than 1,100 points. Powell, 65, was given the oath of office by Randal Quarles, the Fed's vice chairman for supervision, in a ceremony that took place before stock trading opened on Wall Street.
Robot trading has accelerated this week's market dive and may have sparked the sell-off, experts say. Financial firms use computers programmed with complex sets of instructions known as algorithms, which identify trading opportunities and then strike faster than any human could.
Venezuela’s central bank announced a devaluation of more than 99% of its official exchange rate with the launch of a new foreign exchange platform, a move critics quickly said would not create a functioning currency market.