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Financial crisis

Eurozone unemployment at record high in June
The number of people unemployed across the 17 countries that use the euro hit a record high in June, official figures showed Tuesday, in a stark ...
Oil prices inch back over $90 as ECB moves awaited
Oil prices inched above $90 a barrel Tuesday as investors remained confident that European policymakers will deliver new measures to get a grip on the ...
Spain says up to $200 billion left country by May
Spain's central bank says €163 billion ($200 billion) has been pulled out of Spain in the first five months of the year, reflecting plunging ...
US, Germany stress cooperation to end euro crisis
U.S. Treasury Secretary Timothy Geithner and his German counterpart stressed the need for coordinated action Monday in the face of the eurozone debt ...
Italian yields drop in bond auctions
Italy won some respite on Monday as it managed to tap investors for €5.48 billion ($6.75 billion) with key borrowing rates lower than they had been ...
All eyes on ECB's Draghi to fight crisis
European Central Bank president Mario Draghi has already taken Europe's monetary authority into uncharted territory. Now, with the debt crisis in ...
Oil hovers near $90 amid Europe action hopes
The price of oil hovered near $90 a barrel on Monday, holding onto most of the previous week's gains, as expectations remain elevated that the ...
Spain's economy contracts third quarter in a row
The Spanish economy remains stuck in its second recession in three years after contracting 0.4 percent in the second quarter of 2012 from the previous ...
Obama, Romney neck and neck in vice-is-nice Nevada
They're called "the cooler crowd," and Las Vegas is greeting them with ambivalence: A stream of post-recession tourists ready for fun but watching ...
German minister rejects talk of Spain aid request
Germany's finance minister is rejecting talk of a possible application from Spain for the eurozone's bailout fund to buy the struggling country's ...
Unemployment could stay high as US economy slows
High unemployment isn't going away — not as long as the economy grows as slowly as it did in the April-June quarter. Weak consumer spending held ...
For the Dow, another blast past the 13,000 mark
The Dow pulverized the 13,000 mark on Friday, soaring not only through it but finishing 75 points above it. It was a target the Dow hadn't hit since ...
Geithner to meet with ECB Chief Draghi next week
Treasury Secretary Timothy Geithner will meet with Mario Draghi, the head of the European Central Bank, in Germany next week. The meeting comes after ...
Ex-Milosevic spokesman becomes new Serbia PM
European Union leaders urged Serbia's new prime minister, a nationalist who served as Slobodan Milosevic spokesman during the Balkan wars, to reopen ...
Tough EU stance? It's in Germany's culture
Head to the checkout at an Ikea in Stockholm to pay for your new leather corner sofa and with the swipe of a Visa card it's yours. Don't try that in ...
Germany, France: determined to protect eurozone
The leaders of Germany and France added their weight to the battle to preserve the European single currency when they issued a joint statement Friday ...
Rude surprise: French fed up with own incivility
It's a July evening on the terrace of the legendary Cafe Flore. A coiffed woman sips chilled wine, another savors her chocolate eclair. The one thing ...
Italian borrowing costs drop in 6-month bond sale
Italian borrowing costs for six-month paper have dropped as pressure on the Eurozone's third-largest economy eases. The Italian Treasury says it paid ...
Milosevic ex-ally to become Serbia's PM
As Serbia's parliament prepared to elect Ivica Dacic as prime minister, the former wartime spokesman for Slobodan Milosevic tried to dispel concern ...
Romney stirs Olympic tiff as European tour begins
Mitt Romney wanted to highlight U.S.-British bonds — and show off his diplomatic skills to boot — but he managed to rankle the Olympic hosts instead, ...
AIG launches PR push to repair image
AIG is launching a public relations campaign to repair its reputation. On Thursday, the once-mighty insurance giant American International Group ...
Palestinian cash crisis getting worse: minister
The cash-strapped Palestinian self-rule government is finding it harder each month to stay afloat, its finance minister said in an interview Thursday.
Irish sell long-term bonds for 1st time in 2 years
Ireland sold more than €5.2 billion ($6.4 billion) in long-term bonds Thursday for the first time in nearly two years, passing a major test of ...