Financial markets

Financial markets

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  Asia stock markets edge up after big sell-off

  Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve ... 

• ECB's Draghi: 'Imperative' to set up new bank body

  European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted ... 

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  Greeks to see no tax relief until budget improves

  Greece's conservative-led government can't lower taxes before the public deficit falls further, the prime minister said Thursday, but he pledged to ... 

• La Scala scales back on productions due to crisis

  La Scala has reduced the number of operas it will stage during the 2013-14 season due to Italy's economic crisis, the theater's general manager said ... 

• Portugal adds growth plan to austerity measures

  Portugal's government says it will offer tax breaks to investors as the bailed-out country looks for ways to spur growth while continuing to cut the ... 

• Oil down to near $93 on Chinese recovery concerns

  The price of oil fell to near $93 a barrel on Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven ... 

• Spain pays higher interest rates in bond auction

  Spain has had to pay higher interest rates to auction off 4 billion euros ($5.2 billion) in governments bonds as financial markets were unnerved by ... 

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  Asia stocks down as China factory output slips

  Asian stock markets fell Thursday, weighed down by a contraction in China's manufacturing that adds to signs a shaky recovery in the world's No. 

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  Report: Crisis stoking anti-migrant bias in Europe

  A top human rights group warned Wednesday that the plight of refugees and migrants fleeing wars and economic hardship is worsening in Europe as ... 

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  EU steps up fight against tax evasion by end 2013

  The European Union's leaders took a major step in tackling tax-dodgers Wednesday by pushing to end bank secrecy across the bloc's 27 members by the ... 

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  Richard Carrion declares IOC presidential bid

  Richard Carrion of Puerto Rico entered the IOC presidential race Wednesday, promising to use his business experience to guide the Olympics through the ... 

• Oil stays near $96 before crude stocks report, Fed

  The price of oil was little changed above $96 a barrel Wednesday as investors waited confirmation of a rise in U.S. crude stocks and the Federal ... 

• Oil price down to near $96 as traders wait for Fed

  The price of oil fell to near $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy. By early ... 

• How the French economy compares to Germany's, UK's

  Here's how the struggling French economy stacks up compared to Germany's and Britain's. GROSS DOMESTIC PRODUCT (2012) France: 2 trillion euros ($2. 

• Correction: Cyprus-Breaking Barriers story

  In a story April 27 marking the 10th anniversary of the breaching of the barriers carving up Cyprus, The Associated Press erroneously reported that ... 

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  Asia stocks muted ahead of Fed meeting

  Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its ... 

• Oil price falls below $96 a barrel

  The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a ... 

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  Pope leads pep rally at Vatican, meets with Merkel

  Pope Francis lamented that investment losses by banks trigger more alarm in the economic crisis than the struggle of people to feed their families, ... 

• Union leads march in Rome calling for job creation

  A union of Italian metal workers has led thousands of people in a march through the heart of Rome to press the new government for measures to spur job ... 

• Cyprus drops limits on 8 more foreign banks

  Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the ... 

• Glance: Europe's Key Institutions

  Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis — and who ... 

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  Greece faces slow, jobless recovery next year

  Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three ... 

• Fitch downgrades Slovenia amid banking concerns

  Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system. It cut the ... 

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  World stocks strong into the weekend

  World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue. The Conference Board ...