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  Bloomberg Brazil’s real joined a slide in emerging markets on Monday as policy makers intervened to weaken the currency and economists cut economic forecasts amid uncertainty on budget plans. The real weakened 0.5 percent to 3.2736 per dollar at 10:22 a.m. after the monetary authority placed 10,000 reverse currency swaps, equivalent to buying $500 million in the futures market. ...

  AFP The EU ordered Spain on Monday to recover 140 million euros ($150 million) in illegal state aid set aside for a high speed train test centre that Brussels said was unnecessary. The commission, the EU’s powerful executive arm, in 2015 launched a probe into the plans for the unique testing site mear Malaga where, if completed, trains could ...

  Bloomberg Canada stocks fell the highest level in a year, halting a three-day advance as commodities producers retreated with crude and gold. The S&P/TSX Composite Index lost 0.3 percent to 14,555 at 9:56 a.m. in Toronto. The benchmark is up 12 percent in 2016, making Canadian stocks more expensive than their U.S. peers, with a price-earnings ratio of 22.4 ...

WASHINGTON If economic commentators (including me) seem to agree on one thing, it is this: Jobs in America have become less secure. If you’ve got an OK job, don’t let go, because you may not be able to find another. The conventional wisdom is widely shared — but it may be wrong. We now have an intriguing report from a ...

  The upcoming Federal Reserve meeting will be the first since last month’s shock vote in Britain to leave the European Union. It is expected to hold rates even as traders hope for guidance on policy plans. The uncertainty is a blessing in disguise as pledges are being made around the world to provide support to financial markets. The impact ...

  Mark Whitehouse Later this week, European regulators will report on stress tests designed to determine whether the region’s banking system could withstand a crisis. Judging from a separate indicator of financial strength, the truth is probably more than they can handle. The tests will focus on 51 banks in the European Union and Norway, subjecting them to an adverse ...

  A worrying trend is developing in the corporate bond market: Even with borrowing costs at or near their lowest ever, companies are increasingly unable to pay their debts. There have already been enough defaults around the world this year to suggest that the record set in 2009 might be beaten. And that should ring alarm bells for traders and ...

  Bloomberg The Group of 20 meeting in China added to the chorus of voices calling for more fiscal measures to boost growth, which could have important implications for asset prices if carried out successfully. With markets accustomed to a world of ever more innovative monetary policy, analysts from Deutsche Bank to Morgan Stanley say such a shift could in ...

  Bloomberg Instances like the London Interbank Offered Rate better known as Libor are enough to make those who remember the 2008 financial crisis shudder with apprehension. Back then, bank borrowing costs ticked up as investors fretted over the soundness of lending unsecured short-term money to potentially troubled financial institutions. Nowadays, though there’s plenty of handwringing about the state of ...

  BLOOMBERG The cost for banks wanting to move their U.K. staff abroad after Britain decided to leave the European Union is 50,000 pounds ($65,660) per employee, according to consulting firm Synechron Inc. Synechron’s analysis, which was published on Monday, included the cost of relocating staff, hiring and firing other employees and setting up new offices in cities that could ...