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Financial crisis

EU executive wants 2-speed integration
The European Union's executive said Wednesday it wants to allow the 17 member states that use the euro currency to move faster toward economic ...
Greek FinMin: Debt buyback program must work
Greece's plan to buy back some of its bonds from private investors "must succeed" as it is a vital part of efforts to reduce the country's excessive ...
Spain's bailed-out banks to slash size by 60 pct
European Union authorities have approved the payment of €37 billion ($47.96 billion) in bailout loans to four of Spain's struggling banks — provided ...
Dubai back in mega-project mood after fiscal dive
Dubai is suddenly rediscovering its old habits. That means relentless hype and construction plans loaded with superlatives. Case in point: A proposed ...
From Canada, a tough economist for Bank of England
Naming the first foreigner to serve as governor of the Bank of England since it was founded in 1694 might have been expected to cause a fuss. Yet the ...
Greek bankruptcy averted - for now
European and global financial leaders have agreed to release €44 billion ($57 billion) in critical loans to Greece and provide billions in additional ...
OECD: Europe weighing on global economy
The global economy could easily slide back into recession if its major problems — like U.S. budget standoffs and Europe's lack of jobs — are left to ...
A look at Greece's key financial figures
European and global financial leaders agreed Tuesday to release €44 billion ($57 billion) in critical loans to Greece and provide billions in debt ...
Eurozone, IMF reach deal to reduce Greek debt
The 17 European Union nations that use the euro have struck an agreement with the International Monetary Fund on a program to reduce Greek debt and ...
Argentina hopes to reverse NY debt ruling
Argentina is refusing to budge in its billion-dollar debt showdown in New York federal court, preparing an appeal Monday that it hopes will stave off ...
Schapiro's SEC successor likely to follow her lead
The leadership of the Securities and Exchange Commission will change next month. Its approach to regulation probably won't. Mary Schapiro will step ...
UK picks Canadian to lead Bank of England
The British government has chosen Mark Carney, a Canadian, to become governor of the Bank of England, the first time a foreigner has been tapped for ...
SEC official Elisse Walter chosen to lead agency
President Barack Obama has chosen Elisse Walter, one of five members of the Securities and Exchange Commission, to head the agency. Chairman Mary ...
Tax credit luring pre-Broadway shows to Chicago
The New York-bound musical "Kinky Boots" enjoyed a pre-Broadway run at a downtown Chicago theater this fall, but only after the state of Illinois ...
UN to launch new round of talks on global warming
As nearly 200 countries meet in oil-and-gas-rich Qatar for annual talks starting Monday on slowing global warming, one of the main challenges will be ...
ECB official presses for Greek aid deal
A top European Central Bank official says he hopes eurozone countries will clear the way Monday for Greece to receive its next aid installment, ...
Argentine leader puts Kirchner on Perons' pedestal
President Cristina Fernandez de Kirchner has sought tirelessly to secure her late husband's place in Argentina's pantheon alongside popular leader ...
Cyprus bailout talks make 'good progress'
Cyprus' potential international creditors said Friday they have made "good progress" in negotiations on a possible bailout for the crisis-hit country.
EU leaders approve Mersch, another male, for ECB
The appointment of Luxembourg's top banker to a top post at the European Central Bank left it looking a lot like an Old Boys' Club on Friday.
Cyprus 'very close' to signing bailout deal
Cyprus is "very close" to signing an agreement with potential creditors for a bailout to support its troubled banks and pay its bills, the crisis-hit ...
Spain raises $5 billion as it mulls financial help
Spain easily raised nearly €3.9 billion ($4.9 billion) as the government mulls whether to tap a financial facility that has been partly designed to ...
China manufacturing grows after 13-month slide
China's manufacturing expanded for the first time in 13 months in November in a further sign that the world's No. 2 economy is recovering from its ...
GM buying Ally assets in Europe and Latin America
General Motors said Wednesday that it will buy Ally Financial's operations in Europe, China and Latin America as it tries to build a global finance ...
Iran's leader stops lawmakers grilling president
Iran's supreme leader has stopped the country's parliament from grilling the president over the nation's plummeting currency and economic crisis, the ...