US stock market isn't the only one racing ahead
U.S. stocks are not alone in racing ahead this year. Many markets in Europe and Asia are trading at multi-year highs, too, in part because of Wall ...
Spain's jobless hits record 5 million in February
Spain now has a record five million people registered as unemployed as the country remains stuck in recession. The Labor Ministry said Monday that the ...
Thousands march in Portugal to protest austerity
Many thousands of demonstrators held marches in more than 20 cities in Portugal on Saturday to protest against government-imposed austerity measures ...
Italy behind rise in eurozone jobless to record
Italy's voters gave their verdict on the austerity medicine they've been forced to take when they went to the polls earlier this week. By Friday, one ...
Spain recession deeper than thought
Spain's National Statistics Office says the country's recession is worse than previously thought with the economy shrinking by 0.8 percent in the ...
Italy turmoil raises questions about ECB backstop
Why has Italy's muddled election result spooked global investors so much? Because it raises unsettling questions about the availability of the ...
Q&A: Why Italian election has shaken investors
Italy's inconclusive election has rattled markets and raised the fear that Europe's crisis over too much government debt could flare again after ...
Bank of Greece: Output down 20.1 percent
The recession in Greece has cut output by 20.1 percent between 2008 and 2012, but the country's economy is "clearly improving" after avoiding the ...
Moody's downgrades UK rating from AAA to AA1
Credit ratings agency Moody's Investors Service downgraded Britain's government bond rating one notch from the top AAA to AA1 Friday, saying sluggish ...
EU says eurozone economy to shrink again in 2013
The European Union predicted Friday that the economy of the 17 member countries that use the euro will shrink again in 2013 even though it will see ...
German Ifo index up in positive sign for economy
A key survey of German business optimism rose sharply in February, adding to the evidence that the country will avoid a recession. The Ifo index ...
Rajoy says 'Spain's head out of the water'
Spain is on the mend, Prime Minister Mariano Rajoy claimed Wednesday as he revealed a drop in the government's budget deficit. The government has been ...
BoE governor backed more stimulus for UK economy
The Bank of England expressed growing concern over Britain's economy and came surprisingly close to backing another monetary stimulus in a move that ...
Portugal raises $2B in debt sale, cuts forecasts
Portugal raised €1.5 billion ($2 billion) in a debt sale at sharply lower rates Wednesday as the bailed-out country continues to benefit from ...
Hollande says France to miss 2013 growth target
France's economy, Europe's second-biggest, will grow by less than previously thought in 2013, President Francois Hollande confirmed Tuesday. While on ...
German investor optimism up, easing recession fear
Investor optimism about the German economy rose in February, according to a closely watched survey, raising hopes that the country may avoid a ...
ECB's Draghi pushes for European bank bailout fund
European Central Bank President Mario Draghi said Monday the 17-country eurozone must move swiftly to set up a joint fund to restructure and wind down ...
Oil hovers beneath $96 on US, Europe growth fears
The price of oil hovered below $96 a barrel Monday, weighed by data released late last week which showed that U.S. industrial production weakened and ...
Bundesbank: German economy to avoid recession
German's central bank says the country's economy is on track to avoid a recession as it shows signs of growth in the first three months of the year.
Spaniards protest against evictions
Demonstrations were held across Spain on Saturday to protest harsh repossession laws that have led to hundreds of thousands of evictions during the ...
Asia stocks fall on slumping German economy
Disappointing news about Germany's economy sent Asian stock markets down on Friday. Europe's biggest economy contracted a worse-than-expected 0.
Eurozone recession deepens as Germany falters
It was only a matter of time. With many of its debt-ridden euro partners in recession, Germany could only swim against the tide for so long.
German economy shrank in Q4 as exports slump
The German economy shrank by a larger-than-expected 0.6 percent in the final quarter in 2012, official figures showed Thursday, in a clear sign that ...
Czech economy remains in recession
The Czech economy remains in recession after it shrank a further 0.2 percent in the fourth quarter of 2012 from the preceding three-month period.
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