In October, a similar war of nerves led the two sides to terminate an agreement to expand their total swap arrangement to $70 billion from $13 billion. It is undesirable that Seoul and Tokyo have repeatedly deviated from economic logic in handling …

Earlier this month, the Syrian currency plunged to a new record low following a U.S. decision to arm rebel groups fighting to topple Assad. The Syrian pound currently trades at an average of around 200 to the dollar, compared with 47 before the crisis.

Besides the human cost, the war in Syria has also taken a severe toll on the economy and infrastructure, with the currency weakening, recession deepening and the government short of cash. Before the uprising, back in 2010, Syria's gross domestic …

Brazil and other countries that complained about “hot money” inflows and “currency wars,” have now suddenly gotten what they wished for: a likely early end of the Fed's QE. The consequences—sharp capital-flow reversals that are now hitting all risky …

While the policy makers fret, many Syrians are making their own arrangements to deal with a devaluation many analysts link to depletion of the country's foreign currency reserves by western sanctions, the cost of the war and the rebel occupation of …

Earlier this month, the Syrian currency plunged to a new record low following a U.S. decision to arm rebel groups fighting to topple Assad. The Syrian pound currently trades at an average of around 200 to the dollar, compared with 47 before the crisis.

Croatia becomes the 28th member of the European Union at midnight on Sunday, a milestone that caps the Adriatic republic's recovery from war but is tinged with anxiety over the state of the economy and the bloc it joins. EU flags fluttered from a stage …

As yesterday's review of several newly published Civil War histories reminded us, tomorrow is the 150th anniversary of the first day of the Battle of Gettysburg, held by most Civil War historians to mark the turning point of America's bloodiest …

We expressed concerns for the gentleman's mental state-of-being, but we wound up handing over the currency. We had come too far to stop now. We pushed forward, into the maw of the great battle, and wound up at the back of a large crowd watching some …