Melee erupts between rival South Korean politicians over US free trade deal approval

SEOUL, South Korea — A melee broke out between rival South Korean politicians after the chairman of a parliamentary committee approved a proposed free trade agreement with the United States on Wednesday.

A look at economic developments and activity in stock markets around the world Wednesday

A look at economic developments around the globe

Diplomat says more time needed to repair Venezuela-US relations, appoint new ambassadors

CARACAS, Venezuela — The top official at the U.S. Embassy in Venezuela said Tuesday that ambassadors won’t be returning to Washington and Caracas anytime soon, but he was optimistic that diplomatic relations will improve.

IMF: nations must do more to aid banks facing $4.1 trillion in losses or crisis will worsen

WASHINGTON — Losses at financial institutions could approach $4.1 trillion worldwide, the International Monetary Fund said Tuesday as it urged countries to take bolder action to bolster banks or risk an even deeper recession.

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