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Financial crisis

Oil near 7-month lows as Chinese economy ebbs
Oil lingered near seven-month lows around $90 a barrel Thursday in Asia as Europe's debt crisis festers and China's economy continues to slow.
EU leaders support growth, give few concrete plans
European Union leaders concluded their latest summit early Thursday with few concrete steps to fix the continent's festering financial crisis even as ...
Facebook, JPMorgan gaffs erode faith in Wall St.
Wall Street appears bent on convincing Main Street that the game is rigged. Investor anger is mounting over the initial public offering of Facebook ...
China's Cabinet promises to boost economy
China's Cabinet promised Wednesday to step up efforts to reverse a steep slowdown in the world's second-largest economy and said it would encourage ...
Pressure on EU leaders to solve Greek crisis
The head of the eurogroup says that the 17 nations using the euro as their currency "have to consider all kinds of events" but insists that "the ...
Late rally erases steep losses on Wall Street
A big final-hour comeback pulled the Dow Jones industrial average nearly back to where it started Wednesday. The Dow was down as much as 191 points ...
Official: ailing Bankia needs at least $11BN
Spain's economy minister says the government will pump at least €9 billion ($11.3 billion) of public money into nationalized lender Bankia so it can ...
Europe's stocks hit on EU summit skepticism
Stock markets were hit hard and the euro skidded down to near 22-month lows against the dollar Wednesday as investors grew increasingly skeptical that ...
Europe's leaders seek ways to boost growth
The leaders of the 27 countries that make up the European Union will meet in Brussels on Wednesday to try and find a way to keep the debt crisis in ...
Europe's leaders to tackle growth at summit
The leaders of the 27 countries that make up the European Union are to meet in Brussels on Wednesday to try and find a way to keep the debt crisis in ...
Bundesbank: eurozone can handle Greek reform halt
Germany's central bank says the 17-country eurozone would be able to cope with Greece failing to implement austerity and reform promises. Greece is ...
10 Things to Know for Wednesday
Your daily look at late-breaking news, upcoming events and the stories that will be talked about today (times EDT): 1. EGYPT HOLDS ITS FIRST FREE ...
SEC reviewing JPMorgan's filings after $2B loss
Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a ...
Stocks rally further in run-up to EU summit
Global stocks enjoyed one of their best days in weeks on Tuesday ahead of a summit of European leaders that's expected to be dominated by calls to ...
Argentina's long economic boom coming to an end
Argentina's nine-year economic expansion is slowing sharply, according to analysts, who predict growth of 2.5 percent to 3 percent this year, half the ...
Spain teachers, students strike over spending cuts
Teachers and students from every level of Spain's education system went on strike Tuesday to protest wide-ranging government spending cuts, erecting ...
Italy frees up to $38BN to pay overdue bills
The Italian government is to free up to €30 billion ($38.25 billion) to make overdue payments to businesses that have supplied goods or services to ...
Oil hangs below $93 as stock rebound buoys crude
Oil prices hung below $93 a barrel Tuesday in Asia, holding gains from the previous day as crude followed global stock markets higher. Benchmark oil ...
Revived focus on regulation after JPMorgan loss
Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss at JPMorgan Chase ...
Former ultranationalist is new Serbian president
Serbia is still likely to get a government that hopes to join the European Union despite the election of a pro-Russian nationalist as the country's ...
Germany insists no eurobonds to solve debt crisis
Germany has again made clear its opposition to French proposals for jointly-issued bonds from the 17-nation eurozone as a way to create economic ...
Spain Minister: Bankia needs to bolster defenses
Bankia, the nationalized Spanish bank which had to reassure savers last week to fend off a reported run on its deposits, needs to strengthen its ...
Dominican election in dispute after apparent win
A governing party official appeared to have scored a first-round win in the Dominican Republic's presidential election but supporters of his main ...
Europe faces difficult search for growth
On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt ...