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Economy

US trade deficit grows to $42.2 billion in October
The U.S. trade deficit increased in October because exports fell by a larger margin than imports, a sign that slower global growth could weigh on the ...
Egypt asks IMF to delay loan due to turmoil
Egypt has asked for a one-month delay for a $4.8 billion loan it had agreed with the International Monetary Fund because of the current political ...
Angry bank clients push way into Cyprus parliament
Cypriot police say a group of investors and savers protesting outside parliament shoved their way past security and entered the building.
Oil edges up as Germany seen dodging recession
The price of oil edged up to around $86 a barrel on Tuesday as markets got a boost from a survey indicating that German investors believe Europe's ...
HSBC to pay $1.9B to settle money-laundering case
HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay ...
Treasury sells remaining shares of AIG
The Treasury Department said Tuesday that it has sold all of its remaining shares of American International Group Inc., moving to wrap up the ...
German investor optimism up more than expected
An index of German investor optimism rose more than expected in December, suggesting market professionals think Europe's largest economy will avoid ...
Fed is expected to launch new bond buying program
With a nervous eye on the "fiscal cliff," the Federal Reserve is expected this week to announce a new bond-buying plan to support the U.S. economy.
Spain raises $5 billion in healthy bond sale
Spain has raised an above-target €3.9 billion ($5 billion) in a successful debt auction that saw interest rates drop sharply despite renewed concern ...
US, EU considering world's biggest free trade pact
After years of battling each other on trade issues, U.S. and European officials are contemplating a dramatic change in direction: joining together in ...
Meeting delay a sign of cooling US-Vietnam ties
The U.S. and Vietnam, former enemies who share concerns about China's rise, are finding that one issue — human rights — is keeping them from becoming ...
No one retreating; cliff talks seem at standstill
A year-end deadline approaching, quiet negotiations to avoid an economy-rattling "fiscal cliff" yielded no tangible signs of progress on Monday as ...
Asia stocks wane as US budget talks drag on
Asian stock markets lost some of their bottle Tuesday as efforts by U.S. leaders to reach a budget deal before the year's end appeared deadlocked and ...
Solid evidence elusive in right-to-work debate
Gov. Rick Snyder says one reason he supports right-to-work legislation in Michigan is the economic boost a similar law has given Indiana, although ...
Oregon lawmakers to vote on Nike expansion plan
Athletic footwear and apparel giant Nike Inc. plans to expand its operations in Oregon and hire hundreds of workers but wants the government to ...
Government investigating makers of cellphone apps
The government is investigating whether software companies that make cellphone apps violated the privacy rights of children by quietly collecting ...
Hugo Chavez's heir tears up over cancer battle
Venezuelan President Hugo Chavez's cancer relapse and his sudden announcement that he will undergo a fourth cancer-related surgery in Cuba have thrown ...
US Treasury announces final AIG stock sale
The U.S. government said Monday that it is selling its remaining shares of American International Group stock, moving to close the books on the ...
House Dems, GOP embrace cuts in defense spending
Substantial reductions in military spending should be part of any budget deal that President Barack Obama negotiates with Congress to avert the ...
Stocks edge higher; Dow boosted by McDonald's
Stocks edged higher Monday on Wall Street after a strong sales report from McDonald's offset concerns about the surprise resignation of Italy's prime ...
Egypt's military takes over security ahead of vote
Egypt's military assumed responsibility Monday for protecting state institutions and maintaining security ahead of a Dec. 15 constitutional ...
Report: Mgrs. at Fannie, Freddie earned $200K
A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.
Oil ends lower on economy concerns
Benchmark U.S. crude gave up some early gains Monday on a surprise expansion of German exports and signs of increased oil consumption in China to ...
Spaniards hope for eviction reprieve amid crisis
Irene Gonzalez is desperately waiting to hear if she'll benefit from an emergency government decree that protects Spaniards such as her from being ...