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Economy

OPEC keeps output target on hold amid weak economy
OPEC ministers agreed to keep their daily crude production target unchanged at a meeting Wednesday. But in a sign of internal rivalries, they failed ...
Greece to buy back 31.9 billion euros of bonds
Greece will buy back €31.9 billion ($41.5 billion) of its bonds from private investors at a third of their nominal price, the debt agency said ...
House GOP press Obama for balanced fiscal deal
House Republican leaders are pressing President Barack Obama to come up with plan they can accept for spending cuts and tax revenue to avoid the ...
Stocks move higher on anticipation of Fed action
Stocks are opening higher on Wall Street as investors await news on whether the Federal Reserve will announce more bond purchases to stimulate the U.S
German opposition: have banks finance rescue fund
Germany's main opposition parties are proposing that banks should pay at least €200 billion ($260 billion) into a new European rescue fund rather than ...
Oil price rises above $86 on Fed stimulus hopes
The price of oil rose to above $86 a barrel on Wednesday as investors expected the Federal Reserve to announce new measures to perk up the U.S.
Eurozone industrial output in surprise slump
Industrial production across the 17 European Union countries that use the euro unexpectedly slumped in October, official figures showed Wednesday, in ...
US stock futures rise on Fed anticipation
U.S. stock futures are edging higher as investors await news on whether the Federal Reserve will announce a new stimulus plan to boost the U.S.
Bank aid money arrives in Spain
The Spanish government said Wednesday that the €39.5 billion ($51.3 billion) in bailout funds approved by European authorities for the country's ...
Global corporate deals nearly halved in 5 years
The value of mergers and acquisitions deals around the world in 2012 was nearly half the amount made five years ago, when the financial crisis first ...
Fed expected to revamp bond buying program
The Federal Reserve is wrapping up 2012 the way it began the year, searching for ways to help a U.S. economy that is still struggling with high ...
US economy could withstand brief fall off 'cliff'
It's the scenario that's been spooking employers and investors and slowing the U.S. economy: Congress and the White House fail to strike a budget deal ...
UK unemployment by biggest amount since 2001
Official data shows that unemployment in the United Kingdom dropped to 7.8 percent in the three months to October as the number of jobless fell by its ...
Asia stocks gain, unfazed by NKorea rocket launch
Asian stock markets rose Wednesday as a German business confidence survey alleviated concerns that Europe's largest economy might fall into recession.
'Cliff' movement? Obama, Boehner trade proposals
In a test of divided government, President Barack Obama and House Speaker John Boehner sought an elusive compromise Tuesday to prevent ...
Greece to announce bond buyback results Wednesday
Greece will reveal the results of a key debt buyback deal Wednesday, after an extended deadline for private investors to decide whether they will sell ...
Fiscal cliff: Private bargaining, public wrangling
In a test of divided government, the White House and congressional Republicans bargained in secret and sparred in public Tuesday over a deal to ...
US defends $1.9B deal with British banking giant
American authorities on Tuesday cited "astonishing" dysfunction at the British bank HSBC and said that it had helped Mexican drug traffickers, Iran, ...
Fidelity cutting fees at 8 index mutual funds
Fidelity Investments is trimming fees at its largest index mutual funds and making some of its lowest-cost options accessible to a larger number of ...
Stocks gain on budget talk optimism, Fed stimulus
Stocks are closing higher on Wall Street for the fifth day in a row as traders hoped for more progress in budget talks being held in Washington.
Oil prices rise as Federal Reserve meeting starts
Oil moved a little higher as a meeting of the Federal Reserve got under way Tuesday. Benchmark oil rose 23 cents to finish at $85.79 per barrel in New ...
THE RESET: Debt limit looms as next fiscal cliff
We now know what's on the other side of that menacing year-end "fiscal cliff." Another cliff. While White House and Republican congressional leaders ...
As 'fiscal cliff' looms, voter angst is palpable
Five hundred miles from Washington, the lunch crowd at Robie's Country Store and Deli is filled with angst over America's elected leaders and their ...
US employers advertise more jobs in October
U.S. employers advertised more jobs in October than September, a hopeful sign that hiring could pick up in the coming months. The Labor Department ...
GOP throws Obama's old deficit stands back at him
Some of the best Republican arguments against President Barack Obama's proposals to avoid a "fiscal cliff" come from the president himself, in ...