Heavily-mortgaged homeownersare still facing painful choices a decade on from the financial crisis, as nearly one in ten owe more to their lenders than their houses are worth.
Since the fall of Lehman Brothers,the number of millionaires in the U.S. rose from three to five million, in Europe the number grew by roughly the same amount and China also doubled its millionaires. In the latest installment of our multimedia series, Reuters correspondent Karolina Tagaris explains how wealth has been distributed ten years since the 2008 crash.
Were some Russian oligarchsalso a target in the poisoning of former Russian double agent Sergei Skripal and his daughter Yulia? Steven E. Halliwell, former corporate finance head of Central and Eastern Europe for Citibank N.A., writes that Vladimir Putin may have hoped that the Salisbury attack would prompt British authorities to put pressure on rich London-based Russians to explain the source of their wealth.
We looked into the surge in China's rental housing market and it's an incredible example of how a traditionally unattractive sector could suddenly get a shot in the arm with such little oversight. How China's plan to develop rental housing backfired https://reut.rs/2OiAHY4
Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November.
The next battle in the streaming TV wars will unfold on Monday’s Emmys stage, where Netflix aims to end HBO’s 16-year streak as the night’s biggest winner and earn bragging rights for its marketing.
Fidelity Investments’ bet on a privately held maker of e-cigarettes faces new risks after U.S. health regulators on Wednesday said they are considering a ban on flavored versions of the popular “vaping” products.
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