Markets

Main parties doubt EU budget deal will stand
The major parties in the European Union's parliament have rejected a tentative deal on a seven-year 960 billion euro ($1.27 trillion) EU budget that ...
EU to agree rules for bank recues by bailout fund
European finance ministers are meeting to agree on how to rescue ailing banks using the bloc's permanent bailout fund. Ministers from the European ...
Bank of Spain indicates recession may end in Q3
Spain's central bank says the recession-battered economy could start growing again in the third quarter. Governor Luis Maria Linde told Parliament on ...
Norway holds key rate despite economy fears
Norway's central bank has kept its key interest rate at 1.5 percent even though it warned of an economic slowdown. After the expected announcement ...
Markets roiled by Bernanke's exit strategy
Markets were roiled Thursday by a suggestion from U.S. Federal Reserve chairman Ben Bernanke that the central bank may be done with its monetary ...
Regulators order lenders to raise more capital
British regulators are ordering some of the country's biggest banks to bolster their balance sheets by 27. 1 billion pounds ($42.1 billion) to prevent ...
Unmanned aircraft struggle to shed 'drone' image
Unmanned aircraft have helped rescue stranded hikers, worked to contain wildfires and gathered data at nuclear accidents. One helped a Russian tanker ...
Minn. to open trade office in Germany
Gov. Mark Dayton says the state will open a European trade office in Germany to promote exports and foreign investment back in Minnesota.
IMF calls for urgent steps on Spain unemployment
Spain faces the prospect of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the ...
Cyprus seeks help from creditors for troubled bank
Cyprus' president has warned the country's international creditors that its largest bank's cash reserves are running dangerously low, a problem that ...
Markets drift as investors ready for Fed
Markets drifted lower Wednesday ahead of a keenly awaited policy statement from the U.S. Federal Reserve. The central bank wraps up a two-day policy ...
Dutch government may miss 2014 deficit target
Dutch finance minister Jeroen Dijsselbloem said Wednesday the country's government plans to cut spending again in 2014 but acknowledged that the ...
Swiss lawmakers reject deal on banking secrecy
Switzerland's lower house of parliament has for the second time rejected a government proposal on relaxing Swiss banking secrecy laws, a move that ...
Comparison of mass protests in Brazil and Turkey
Large-scale protests have engulfed Turkey and Brazil, which are thousands of miles apart, but share some traits such as being new democracies with a ...
Portuguese interest rates rise in debt auction
Investors have demanded higher interest rates to buy 1.5 billion euros ($2 billion) of Portuguese debt as the bailed-out country's economic recovery ...
Asia Markets mostly down as investors eye Fed
Asian markets opened mostly lower Wednesday as investors waited for an update on the U.S. economy from the Federal Reserve and for some clarity from ...
Swiss lawmakers reject deal to end US tax spat
Switzerland's lower house of parliament pushed back strongly Tuesday against a government proposal to end a bitter dispute with U.S. authorities over ...
Spain bad loan ratio edges toward 11 pct
The proportion of bad loans on Spanish banks' books has edged up to 10. 8 percent while the Treasury had to pay higher interest rates to raise 5 ...
Sweeping US-EU trade talks to start in July
A top European Union official says talks on a sweeping new free trade agreement between the EU and the US will begin next month. Jose Manuel Barroso, ...
Obama: US will host first talks on EU trade deal
President Barack Obama says the U.S. will host the first round of negotiations toward a broad trade deal with the European Union next month in ...
Portuguese teachers strike over austerity plans
Thousands of Portuguese students have missed mandatory end-of-year exams because of a 24-hour strike by teachers opposing government plans to extend ...
EU official: Trade deal with US a 'game-changer'
The top official with the European Union's executive arm says a free trade deal with the United States would be a "game-changer" for the global ...
Little joy in Croatia as it enters the EU
There will be festivities and fireworks, but Kata Secic can't muster much enthusiasm for Croatia's historic entry into the European Union.
Obama takes economic, foreign policy agenda to UK
President Barack Obama is taking a security, foreign policy and economic agenda to Northern Ireland for a meeting with heads of the leading industrial ...
G8 faces uncertain recoveries, turbulent markets
Europe is mired in debt and recession. Financial markets have hit violent ups and downs on fears that U.S. stimulus efforts may soon be scaled back.