LONDON - The global economy is on track for its worst recession since the 1930s with output likely to shrink by 1-2 percent this year, World Bank President Robert Zoellick told the Daily Mail newspaper....
WASHINGTON - President Barack Obama said on Wednesday the United States was committed to the solvency of its financial system and would deliver this message to leaders of other major economies. - - - -...
WINNENDEN, Germany - A 17-year-old in black combat gear killed 15 people in southwest Germany on Wednesday in a shooting spree that started at his former school and ended with his death in a shootout...
NEW YORK - Citigroup said it was profitable in the first two months of the year and U.S. stock markets cheered the rare good news, but the IMF issued a dire warning of a "Great...
NEW YORK - Citigroup said it was profitable in the first two months of the year and U.S. stock markets cheered the rare good news, but the IMF issued a dire warning of a "Great...
SYDNEY/TOKYO - An Australian jobs survey on Tuesday stoked fears of rising unemployment and Japanese shares fell near 26-year lows, piling pressure on policymakers to do more to stimulate ailing economies. - - - -...
NEW YORK - Top U.S. economic officials pressed for global coordination to battle the financial crisis on Monday and the president of the European central bank said there were signs the world economy may be...
NEW YORK - Top U.S. economic officials pressed for global coordination to battle the financial crisis on Monday and the president of the European central bank said there were signs the world economy may be...
BRUSSELS/NEW YORK - The European Union was set to back calls to double the International Monetary Fund's arsenal to $500 billion to fight the financial crisis as top central bankers said the global economy may...
BRUSSELS/NEW YORK - The European Union was set to back an International Monetary Fund call for $500 billion to fight the financial crisis as billionaire investor Warren Buffett said the U.S. economy had "fallen off...