The U.S. Virgin Islands for years redirected money intended to help pay insurance claims after large disasters for other needs, raising the vulnerability of residents as Hurricane Irma ravishes the territory. During years of yawning budget deficits, the U.S. protectorate tapped the V.I....

Brazil’s government is analyzing the legal and financial implications of relinquishing the right to veto certain strategic decisions in a few companies, the latest step by President Michel Temer to diminish the state’s role in the economy, Valor Econômico newspaper said on Wednesday....

Turkey's prime minister said Tuesday that the international community needs to do more in the face of crimes against humanity. “The United Nations in the first place and the international community need to take full responsibility to be more sensitive and take a clear stance on crimes...

Moody’s Investors Service said on Tuesday it would strip the United States of its top-notch rating if a default such as a missed debt payment were to happen and it would not regain the Aaa-status even if the default were resolved. “An upgrade back to Aaa would be unlikely while the...