Oil gains to near $96 as investors eye US economy
The price of oil rose to near $96 a barrel on Friday ahead of the release of Conference Board's index of leading indicators for the U.S. economy.
Merkel, Hollande at odds over Europe's way forward
Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of ...
Asia stocks mixed as Wall St. ignores euro gloom
Asian stock markets were mixed Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. However, losses ...
Eurozone recession is now longest in currency bloc
The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis ...
Eurozone's struggling economies mired in recession
The eurozone is stuck in recession — its longest since the euro was founded in 1999. The latest figures from the European Union's statistics office ...
Bank of England sees 'modest, sustained' recovery
The Bank of England predicted a modest and sustained economic recovery for Britain on Wednesday, but tempered hope that the worst might be over with ...
French economy falls back into recession
France's economy is in recession again — and that could spell more trouble for Europe. The national statistics agency, Insee, said Wednesday that ...
German economy returns to modest growth
The German economy managed to avoid sinking into recession during an unusually cold first quarter, but only just, official figures showed Wednesday.
France approves major labor reform package
France's parliament has passed a package of significant labor reforms Tuesday that the government hopes will help halt rising unemployment and ...
Eurozone growth hopes emerge after industrial data
A larger-than-expected increase in industrial production across the 17 European Union countries that use the euro has raised hopes that the recession ...
G7 says Japan playing by currency rules
Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a ...
BoE opts against further monetary stimulus
The Bank of England has opted against pumping more money into the British economy. The decision Thursday by the central bank's main policymaking body ...
Greece: Economic recovery in sight
Greece's recession-wracked economy should start recovering next year and its sky-high unemployment rate should edge lower from the end of 2014, the ...
Telefonica Q1 profit up despite Latin America dip
Spanish telecoms company Telefonica said Wednesday its first-quarter net profit rose 21 percent to 902 million euros ($1.18 billion) despite a fall ...
French finance chief hails easing off austerity
French Finance Minister Pierre Moscovici on Tuesday hailed the European Union's decision to grant his country more time to tackle its deficit as a ...
IMF report praises Greece, calls for more reforms
A report released Monday by the International Monetary Fund praises Greece for its efforts to reduce big deficits and improve its competitiveness, but ...
Spain, Italy team up to demand crisis relief
The premiers of Spain and Italy teamed up Monday to push the eurozone to focus more on spurring economic growth instead of just reducing debt — a move ...
EU predicts eurozone recession to continue in 2013
Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record ...
Around the world, angry workers unite on May Day
Workers around the world united in anger during May Day rallies Wednesday — from fury in Europe over austerity measures that have cut wages, reduced ...
German consumer confidence rises; unemployment low
Germany's unemployment rate held steady in April, the Federal Labor Agency reported Tuesday, while a survey showed German consumers' mood remained ...
Italian policemen shot near new gov't swearing-in
In the very moments Italy's new coalition government was being sworn in, ending months of political paralysis in a country hoping to revive a bleak ...
Spain's jobless above 6 million for first time
With more than 6 million unemployed for the first time ever, Spain's jobless rate shot up to a record 27.2 percent in the first quarter of 2013, the ...
Italy premier-designate short of securing support
Italy's premier-designate, Enrico Letta, said candidly Thursday he is still short of securing support for a ruling coalition after Silvio Berlusconi's ...
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