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Financial crisis

GOP leader: House to vote on debt limit increase
House Republican leaders Friday offered President Barack Obama a three-month reprieve to a looming, market-rattling debt crisis, backing off demands ...
IMF: Greece recovering, needs more EU cash
Greece has salvaged its economic recovery program following months of political uncertainty but still faces "enormous" challenges and will need new ...
IMF: Eurozone needs Portugal to stay on track
The International Monetary Fund is warning Portugal against the temptation to relax its contentious austerity drive, saying any backsliding could ...
Dutchman gets backing to be next Eurogroup chief
The outgoing chairman of the Eurogroup, the regular meetings of the 17 eurozone finance ministers, endorsed Dutch finance minister Jeroen Dijsselbloem ...
Spanish banks' bad loan ratio at record 11.38 pct
Spain's central bank says the level of bad debt in the country's banks rose to a new record 11.38 percent in November, up from 11.23 percent in ...
Regional vote to offer clues to Merkel future
Chancellor Angela Merkel is riding high in polls as she seeks a third term at the head of Europe's biggest economy. But a major state election this ...
Taxpayers will ease banks' costs in mortgage deal
Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many ...
IMF's Lagarde sees improved world economic outlook
International Monetary Fund chief Christine Lagarde said Thursday that the threat of financial collapse in the global economy appears to have eased.
Farmers: Zimbabwe food production declines further
An organization of mostly displaced white farmers in Zimbabwe said Thursday upcoming harvests of the corn staple are forecast to decline by tens of ...
Greek doctors, Athens metro workers on strike
Greek doctors and workers at the Athens metro system have walked off the job, striking to protest salary cuts that are part of harsh austerity ...
Obama is flexing his leverage on debt, immigration
President Barack Obama is assembling an ambitious second-term agenda, pushing aggressively where he thinks he has political leverage but moving more ...
Cyprus off Russia's investment 'black list'
Russia has removed Cyprus from a so-called black list of countries which Moscow discourages investment in, the Cypriot finance ministry said ...
European leaders headlining annual forum in Davos
Promoting measures to get the global economy out of its crisis mode will be the focal point of next week's annual gathering of world leaders and power ...
Spanish tourist visitors up by 1 million in 2012
The number of tourists visiting recession-stricken Spain rose by one million people, or 3 percent, in 2012. Industry, Energy and Tourism Minister Jose ...
Germany more than halves 2013 growth forecast
The German government on Wednesday more than halved its economic growth forecast for this year to just 0.4 percent, evidence that the financial crisis ...
PM hopes Ireland to leave bailout this year
Ireland's Prime Minister says he is determined that his country will exit its international bailout program before the end of the year and return to ...
IMF on sidelines as US budget fights brew nearby
International Monetary Fund chief Christine Lagarde travels the world trying to keep the global economy on track. But some of the greatest threats are ...
Asia stocks mixed, Nikkei falls as yen slide halts
Japan's benchmark stock index toppled off a 32-month high Wednesday after the yen's slide went into reverse. Other benchmarks were mixed as investors ...
Cypriot central bank chief rules out debt haircut
Cyprus' central bank chief has ruled out writing down the government's debt as part of an international bailout currently being negotiated, insisting ...
German economy shrank in Q4 in face of euro crisis
Germany's economy has fallen victim to economic problems hitting the rest of the eurozone and shrank in the fourth quarter of 2012, preliminary ...
Egypt's deputy central bank governor quits
The central bank of Egypt says the government has accepted the resignation of its deputy governor, less than a week after her boss said he's quitting.
Fitch cautiously optimistic over euro debt crisis
The worst of Europe's debt crisis is probably over and the odds are that no country will drop out of the euro. That, at least, is the view that the ...
Portugal introduces tax hikes despite outcry
Portugal's government has published new tax tables that further cut the income of workers and pensioners — the bailed-out country's latest austerity ...
Hitting the debt limit: What bills would be paid?
Reiterating a threat he first issued in the summer of 2011, President Barack Obama on Monday warned Republicans that older Americans might not get ...
Moody's downgrades top 3 Cyprus banks
Moody's Investor Service has downgraded Cyprus' top three commercial banks, bring them closer to the bottom of junk status, because of uncertainty ...