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United States

Special Reports

Euro zone nations turn to hedge funds to meet borrowing needs

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LONDON Euro zone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks leaving them vulnerable to a debt market sell-off driven by a class of investors dubbed "fast money" for their speculative approach.

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

MUMBAI/NEW DELHI Like millions of Indians fed up with corruption and counterfeiting, Vimal Somani cheered Prime Minister Narendra Modi's shock move to replace all high-value banknotes. Two weeks on, his business is being hammered by the ensuing cash crunch.

Nov 20 2016

Special Report: One life, two organs, a $5.3 million bill - a tale of superbugs' deadly costs

LOS ANGELES With good reason, Dan Greulich’s doctors called him “the miracle man.”

Nov 18 2016

Far from Mosul, Islamic State close to defeat in Libya's Sirte

SIRTE, Libya After six months of heavy fighting, Libyan forces have advanced so deep into the strategic city of Sirte that they can pick out the Tunisian and Egyptian accents of their Islamic State enemies as they trade insults over the frontline.

World, Tunisia, Egypt, Libya Nov 18 2016

British PM's changing vocabulary signals shift from 'hard Brexit'

LONDON There is a recognizable repetition in Theresa May's speeches about Britain's decision to leave the European Union: "Brexit means Brexit", making "a success of it" and getting "the best deal" for Britain are some of her stump phrases.

Nov 18 2016

How Russia's battle for Eurobond went to the brink

MOSCOW/LONDON When Russia sought to raise money on Western debt markets this year with a Eurobond, only three people at the state-run investment bank organizing the issue were told in advance about the date and details of the launch.

Nov 18 2016

RBS rejected Goldman, Deloitte warning over 2008 cash call, lawsuit alleges

LONDON Just hours before Royal Bank of Scotland launched a massive cash call in 2008 to shore up its capital, the bank's senior advisers were still discussing whether its financial figures were potentially misleading for investors, court documents allege.

Nov 17 2016

Special Report: Under siege in Mosul, Islamic State turns to executions and paranoia

ERBIL, Iraq A few weeks ago, a person inside Mosul began to send text messages to Iraqi military intelligence in Baghdad.

World, Iraq, Nov 16 2016

Court documents allege clashes inside RBS over 2008 toxic assets

LONDON Royal Bank of Scotland bosses avoided repricing billions of dollars of souring investments on the eve of the 2008 financial crisis for fear of endangering bonuses and a takeover bid for a rival, court documents allege.

Nov 16 2016

Special Report - The road to Ward 17: A journalist's battle with PTSD

EVANDALE, Australia When the psychiatrist diagnosed me with post-traumatic stress disorder at the end of our first session early this March, I finally had to accept I was unwell. The flashbacks, the anxiety, my emotional numbness and poor sleep had long worried my wife, Mary. I had played down the symptoms, denied I had a problem. Five months later I’d be in a psychiatric ward.

Nov 15 2016