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Financial crisis

Greece, Cyprus to top agenda at eurozone meeting
Finance ministers from the 17 EU countries that use the euro currency are meeting in Brussels to consider whether to release the latest batch of ...
Fed links interest rates to 6.5 pct. unemployment
The Federal Reserve said Wednesday that it plans to keep interest rates ultra-low even after unemployment falls close to a normal level — which it ...
Egypt political crisis threatens to worsen economy
Egypt's political crisis is threatening to plunge its ailing economy even deeper into distress after the government delayed a request for a $4.
Italy raises money at lower rates despite upheaval
Italy successfully sold €6.5 billion ($8.45 billion) in bonds the country's first debt auction since the country's Prime Minister Mario Monti ...
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 ...
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 ...
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 ...
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 ...
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, ...
HSBC to pay $1.9B to settle money-laundering case
British bank HSBC has agreed to pay $1.9 billion to settle a New York based-probe in connection with the laundering of money from narcotics ...
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.
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 ...
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 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 ...
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 ...
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.
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 ...
Senate bill would extend deposit insurance program
To prevent a possible run on banks at the height of the financial crisis four years ago, Congress expanded government insurance for certain bank ...
Maserati confident in Italy output despite turmoil
The CEO of Italian luxury carmaker Maserati is confident that parent company Fiat's €1.2 billion ($1.5 billion) investment to boost production in ...
Italian election means new stress for eurozone
Until last weekend, Europe seemed headed for a quiet Christmas and New Year's. Then Italy's Prime Minister Mario Monti unexpectedly announced he was ...