A single bad currency bet has caused Everest Capital, one of the largest private investors in emerging markets, to collapse.
Iraqi forces and Shi'ite militias seized control of a strategic town near Baghdad from ISIS, after heavy coalition air strikes.
President Barack Obama has ruled out a combat mission, but military officials say the reality of a protracted campaign may require US troops.
Robert Gates, who served both George W. Bush and Barack Obama, delivers an icy assessment of his most recent boss and his foreign policy. The FT reports.
WASHINGTON, Oct 11- Republican Mitt Romney would accelerate spending on new U.S. Navy warships, cut the Pentagon's civilian workforce and speed up development of new weapons systems if he wins the 2012 presidential election, two advisers said on Thursday.
For four years, a doctor commuted between his clinics in Texas in a $5 million turboprop with jazzy metallic stripes and ruby stones embedded on the drink cabinet inside. The plane featured exotic wood veneers and polished chrome, and his daughter’s initials were in the tail number. The New York Times reports.
President Barack Obama will set the course for drawing down the U.S. war in Afghanistan on Wednesday, when he is expected to announce plans to bring roughly 10,000 American troops home in less than a year.