Economy

Detroit requests approval for new settlement to get out of swaps contracts originally designed to protect pension fund against rising interest rates.

Detroit requests approval for new settlement to get out of swaps contracts originally designed to protect pension fund against rising interest rates.

Fears over 'wildly overvalued' stock prices may be wildly overblown.

Fears over 'wildly overvalued' stock prices may be wildly overblown.

As prime minister Abe encourages companies to spend more on wages, corporate cash holdings reach record level, up almost 6 percent from last year.

As prime minister Abe encourages companies to spend more on wages, corporate cash holdings reach record level, up almost 6 percent from last year.