European austerity yields meager results in 2012
The austerity pain pursued by a number of European countries led to very little gain in 2012. Figures Monday from Eurostat, the European Union's ...
US readying aid package for Syrian rebels
The U.S. readied a package Saturday of up to $130 million in nonlethal military aid to Syrian opposition forces while European countries consider ...
Fitch cuts British bond rating from AAA
Fitch Ratings on Friday stripped the U.K. of its cherished top AAA credit score, citing a weaker economic outlook that continues to hinder the country ...
EU aims to get US trade deal by next year
The European Union's top trade official says negotiations with the U.S. on what would become the world's largest free trade agreement should be ...
Portugal launches another round of spending cuts
Portugal's government is pushing ahead with deeply unpopular austerity policies, announcing plans Thursday to save 800 million euros ($1 billion) this ...
Draghi urges leaders to solve euro's core problems
European Central Bank head Mario Draghi said Monday that it was up to politicians to solve the region's core problems including fixing the banking ...
China and Iceland sign free trade agreement
China and Iceland signed a free trade agreement Monday, offering hope to the small North Atlantic country for its recession-battered economy and ...
India and Germany see progress in trade deal
The leaders of Germany and India said Thursday that progress is being made on a new free trade agreement between India and the European Union but ...
Indian minister pushes for free trade deal with EU
India's foreign minister is urging European governments to move ahead with a free trade and investment deal that has been in negotiations with his ...
EU, Slovenia reject bailout speculation
Slovenia will implement the measures necessary to stabilize its economy and avoid having to seek a bailout from its partners in the 17-nation ...
Reagan, Thatcher forged a close, lasting bond
Margaret Thatcher and Ronald Reagan, two self-assured and firm-speaking conservatives, joined forces in the early 1980s and drastically changed the ...
US Treasury chief urges EU to ease off austerity
European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked ...
Portugal's prime minister says deeper cuts coming
Despite two years of corrosive austerity measures since it needed an international financial rescue, Portugal's prime minister told his country Sunday ...
Draghi: ECB looking at new tools for growth
With the economy shrinking and unemployment rising, the head of the European Central Bank said it was looking at new measures to stimulate growth if ...
Credit-easing steps by central banks, at a glance
The Bank of Japan said Thursday that it will pump money into the Japanese financial system to try to combat deflation, encourage borrowing and lift ...
Key quotes from ECB head Draghi's press briefing
At his monthly news conference following the European Central Bank's policy-setting meeting, President Mario Draghi on Thursday answered questions ...
Key ECB measures have calmed crisis _ for now
The European Central Bank and its president, Mario Draghi, have played a key role in fighting the government debt crisis afflicting the 17 European ...
Hungarian central bank moves to boost economy
In an effort to turn around its shrinking economy, Hungary's central bank said Thursday it would introduce measures to increase lending to businesses ...
Text of statement by ECB President Mario Draghi
Below is the full text of the statement that European Central Bank President Mario Draghi delivered at his press conference on Thursday. "Ladies and ...
ECB leaves key rate at 0.75 percent
The European Central Bank has left its key interest rate unchanged at a record low of 0.75 percent, holding off on further stimulus for the euro ...
Bank of England keeps monetary policy steady
The Bank of England has kept interest rates unchanged and refrained from injecting more stimulus into the economy, despite concerns for the lack of ...
Cyprus bank workers to protest looming job cuts
Bank employees in Cyprus will walk off the job for two hours and march toward parliament to protest against looming job and benefit cuts being taken ...
Audit says Katrina aid may have been misspent
Federal investigators said Wednesday that as much as $700 million in federal aid intended to help some 24,000 Louisiana families elevate their homes ...
Pressure mounts on Portuguese government
Opposition parties in Portugal presented a motion of no confidence in the government Wednesday, giving voice to widespread discontent as the ...
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