World Bank’s President Jim Yong Kim has warned that the US is just "days away from a very dangerous moment"…
Cyprus officials have announced the country's banks, which were closed to prevent mass withdrawals, will remain shut until at least…
European markets follow Asian shares downward on fears that the plan to bailout Cyprus could trigger an escalation of the…
German Chancellor Angela Merkel has warned that her country’s economic climate in 2013 will be "even more difficult". In her…
South Korea has decided to cut its growth forecast for this year and for 2013, underlining the effect of a…
The European Union is due to begin a two-day summit in Brussels that will focus on issues surrounding the eurozone…
Chinese economy has slowed for a seventh quarter as problems in Europe and the US hurt demand for its goods.…
Latin America will grow at a slower pace than 2011, primarily due to weaker growth in Argentina and Brazil, a…
Asian markets have risen, following gains on Wall Street, after the US Federal Reserve unveiled its latest stimulus plan. The…
Asian stock markets have risen, joining a global rally, after European Central Bank’s president, Mario Draghi, unveiled a plan targeted…
Ratings agency Moody's has lowered its outlook for the European Union's AAA credit rating to "negative" and warned that the…
German government has criticized leading conservative politician Alexander Dobrindt for suggesting that Greece will have to leave the eurozone. Foreign…
Fears that other Spanish regions may follow Valencia in seeking a bailout from Madrid have rattled markets. A local newspaper…
EU leaders at Brussels summit are examining how to ease the eurozone debt crisis amid competing visions about how to…
A new report by the aid watchdog Data shows that European debt crisis has led to cuts in government development…
US President Barack Obama says European leaders must make difficult decisions to steer the eurozone away from crisis. Speaking at…
Signs of economic weakness around the globe and Europe's intensifying debt crisis are unnerving investors, who have been piling out…
Deutsche Bank reports a sharp fall in profits, in part due to weaker performance in investment banking during the eurozone…