Markets

G7 pledge on currencies hurts dollar, helps stocks
A pledge by the Group of Seven most powerful economies to not intentionally weaken their currencies pushed stocks higher on Tuesday while dragging the ...
Oil above $97 as OPEC raises demand forecast
The price of oil inched further above $97 a barrel Tuesday, adding to a sharp rise the day before, as OPEC upgraded its forecast for global demand ...
Banking lobby urges coordinated regulation
An association of the world's financial institutions is urging governments to better coordinate their banking rules. The Institute of International ...
ECB member warns against trying to weaken euro
A member of the European Central Bank's governing council has warned that any government attempts to push the euro lower could backfire. Jens Weidmann ...
Greece: Cuts keep budget on target, spur protests
Greece's farmers launched a campaign of daily anti-austerity highway blockades Monday, as the conservative-led government insisted deep spending cuts ...
Oil dips slightly as Asia observes Lunar New Year
The price of oil dipped slightly toward $95 a barrel on Monday as investors cut back on speculative positions and most Asian markets were closed for ...
Dutch finance minister: cut bankers' pay
The Netherlands' finance minister has called for ordinary workers in the banking sector to take pay cuts, arguing that as almost every Dutch lender ...
Irish unions lead marches to protest austerity
Trade unionists marched in Ireland's capital Saturday to protest the continuing high cost of the country's crippling bank bailout program. The Irish ...
Spain's premier publishes tax returns amid scandal
Spain's prime minister has published a summary of his income and tax returns in a bid to defuse a corruption scandal engulfing his government after ...
EU leaders agree to $1.28 trillion 7-year budget
European Union leaders agreed Friday to a significantly reduced 7-year budget worth €960 billion ($1.28 trillion) — the first cut in spending in the ...
Retired Russian colonel convicted of coup attempt
A retired Russian military intelligence colonel has been found guilty of leading a bizarre plot that envisioned a group of elderly people taking over ...
EU leaders battle over budget at tough summit
European Union leaders defended their hard lines as they dragged a summit to decide EU spending for the next seven years into early Friday, laying ...
Ireland seals ECB deal to slash bank bailout costs
Ireland clinched a long-sought agreement Thursday with the European Central Bank to restructure the loans used to bail out its failing banks, a deal ...
Future Bank of England boss open to policy review
Mark Carney, the Canadian who will become the Bank of England's governor this summer, said Thursday he is open to a review of Britain's monetary ...
Text of statement by ECB President Mario Draghi
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today's ...
Oil prices close to $97 ahead of ECB meeting
The price of oil inched up to near $97 a barrel on Thursday, as markets awaited the outcome of a European Central Bank policy meeting and a report on ...
Britain relaxes tax rules for London GP
Britain is waiving its tax rules to lure Usain Bolt and other top international athletes to compete at this summer's Diamond League event in London's ...
Ireland dissolves 'bad bank' in midnight debt move
Ireland's red-eyed lawmakers have voted to dissolve one of the country's "bad banks" in an emergency measure designed to pave the way for a new ...
Europe's costly double parliament: a movable beast
The morning high-speed train from Brussels pulled into the lonely train station of the provincial French city of Strasbourg. As the doors opened, the ...
Migrant workers at Sochi Olympic sites face abuses
One year ahead of the Winter Olympics in Sochi, the roads in the Black Sea resort and its surrounding mountains are lined with migrants from Central ...
EU summit to debate austerity budget, tough cuts
Many European Union leaders will push for a harshly pared-down budget at their summit this week but the EU parliament insists it is ready to reject ...
Fitch downgrades Dutch outlook to negative
Ratings agency Fitch has downgraded the Netherlands' outlook from stable to negative while reaffirming the country's AAA rating. The agency has cut ...
Greece says it met deficit-cutting targets in 2012
The Greek government said Monday its painful austerity drive is paying off, with the budget deficit reduced to the target of 6.6 percent of annual ...
Oil falls to below $97 after weeks of strong gains
Oil prices fell below $97 a barrel Monday on signs that the U.S. and Iran may restart nuclear negotiations. In midday trading in New York benchmark ...