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Finance

A collection of news and information related to Finance published by this site and its partners.

Top Finance Articles

Displaying items 12-22
  • Putin stands by hawkish Russian central bank - for now

    By Lidia Kelly and Oksana Kobzeva MOSCOW (Reuters) - With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as...
  • China rate cut knocks legs from under yuan rally, more volatility seen

    By Pete Sweeney SHANGHAI (Reuters) - China's surprise interest rate cut is another step toward softening the country's exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005. The People'...
  • The Virginia Way, Part 8: Disclosure rules are lax, and reports are hard to find

    The Virginia Way, Part 8: Disclosure rules are lax, and reports are hard to find
    When it comes to keeping an eye on ethics, Virginia legislators know who to rely on: themselves. They say they eke out a living in public service with a near-poverty-level salary — but they get tens of thousands of dollars in allowances they don't...
  • Republicans want to oppose Obama on immigration, but how?

    Republicans in Congress are unified in their desire to fight President Obama's action to protect more than 4 million immigrants from deportation and ease rules for up to 1 million more. They just can't agree on how to do it. Should they shut down...
  • Tighter standards on reverse mortgages

    Are reverse mortgages headed in reverse? Based on forthcoming federal rule changes for seniors who expect to apply for one, you might think so. But as a taxpayer, you might say, bravo: Toughening up qualification standards — including such basics as...
  • It's in Virginia's budget: About $40 million in interest

    It's in Virginia's budget: About $40 million in interest
    When you churn nearly $50 billion a year through your budget, there's going to be some interest earned as money sits around, waiting to spent or otherwise sped along its way. The state of Virginia earned about $40.4 million in interest during fiscal...
  • Illinois politicians seeking court guidance on pensions may be let down

    Illinois politicians seeking court guidance on pensions may be let down
    For Gov.-elect Bruce Rauner and other politicians looking to the courts for guidance on how to legally reduce a worst-in-the-nation public pension debt that threatens to hamstring Illinois' economy and government, Sangamon County Circuit Judge John Belz...
  • China's rate-cut likely to hurt banks, curb new loans to small borrowers

    By Engen Tham SHANGHAI (Reuters) - China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth. The central bank...
  • Japanese stock funds worldwide attract $1.2 billion inflows: BofA

    By Sam Forgione NEW YORK (Reuters) - Investors worldwide poured $1.2 billion into Japanese stock funds in the week ended Nov. 19 on the Bank of Japan's increased stimulus and a delay to the country's planned sales tax hike, data from a Bank of America...
  • L.A. Unified ends Miramonte sex abuse case with $139-million deal

    L.A. Unified ends Miramonte sex abuse case with $139-million deal
    The L.A. Unified School District has agreed to pay about $139 million to settle claims that a Miramonte Elementary School teacher abused his students, drawing to a close the lengthy case that led to changes in state law and district policies. It is...
  • Pentagon reforms aim to curb predatory sales targeting troops

    By David Alexander WASHINGTON (Reuters) - Moving to curb predatory sales practices targeting U.S. military personnel, the Pentagon said on Friday it was reforming its payment system for troops to prevent them from using direct salary deductions to buy...