Tag: currency markets
Brazil's currency drops to weakest level yet 4 as Lula's fiscal measures debated
SAO PAULO -- SAO PAULO (AP) — Brazil’s real on Wednesday fell to its weakest level against the dollar since the currency was...
Iran's rial hits a record low, battered by regional tensions and an energy crisis
TEHRAN, Iran -- The Iranian rial on Wednesday fell to its lowest level in history, losing more than 10% of value since Donald...
The ruble's in a slump. For the Kremlin, that's a two-edged sword
Russia's ruble is sagging against other currencies, complicating the Kremlin's efforts to keep consumer inflation under control with one hand even as it...
'Everything is expensive!' Bolivia faces a shocking economic collapse
EL ALTO, Bolivia -- Fuel is rapidly becoming one of Bolivia’s scarcest commodities.Long lines of vehicles snake for several kilometers outside gas stations...
Spanish phone giant Telefónica to pay $85M to resolve US probe of Venezuelan bribery scheme
WASHINGTON -- Spain's largest telecommunications operator will pay more than $85 million to resolve a U.S. Justice Department investigation into a scheme to...
Financial market worries over the UK budget appear to ease
LONDON -- Worries about this week's tax-raising U.K. budget within financial markets appeared to ease Friday with the interest rates charged on British...