A Spanish court ruled a British insurer should pay a $1 billion fine for its role in the 2002 Prestige oil spill.
The world's wealthiest 1 percent got 8 percent richer since the 2008 financial crisis and now own more than half of the world's wealth, according to a Credit Suisse report released Tuesday.
Venezuela and its state-run oil company, PDVSA, are in default after falling behind on debt payments, multiple credit agencies declared.
Household debt in the United States reached a record $13 trillion in the third quarter, and rose for the 13th consecutive quarter, officials said Tuesday.
Retail gasoline prices continue to put a strain on consumer pocket books late in the season, though relief is around the corner, a market report found.