NEW YORK, Jan. 27 (Xinhua) -- The U.S. stocks closed mixed on Friday as U.S. economic growth in the last quarter last year missed the expectation, while the near-conclusion Greek debt talks inject optimism. The Dow Jones industrial average lost 74.17...
Concerns about the European debt crisis and high unemployment are sapping the Christmas holiday spirit in some of Europe's capitals. Along the Gran Via in Madrid, the holiday lights are up but do little to brighten the mood - shoppers and pedestrians...
Greece and Spain faced new pressure Tuesday from the European debt crisis. The European Union bluntly told the Athens government it would not receive its next $11 billion installment from last year's bailout unless its fractious political leaders sig...
President Barack Obama says there is no doubt that the European Unions agreement to slash Greeces debt and enlarge a bailout fund is progress. The president says strong execution of the plan is essential. After meeting Thursday with the Czech Republi...
European finance officials are still grappling with the Greek debt crisis after returning home from inconclusive talks at the International Monetary Fund in Washington over the weekend. The United States and other nations are pressing European leader...
U. S. Treasury Secretary Timothy Geithner said Saturday that the euro area sovereign debt and banking crises are the biggest threats to the global economy and that European officials need to address and remedy that quickly. Meanwhile, leaders of the...
The head of the International Monetary Fund says economic recovery is still possible, but it is getting harder. In Washington, IMF Managing Director Christine Lagarde said Thursday that troubled economies have fewer resources now than at the start of...
EuroUnderFireasDebtCrisisContinues The debt crisis in some countries that use the euro has caused social unrest and speculation that the euros run as a joint currency may be coming to an end. There is a plan in place to solve the problem, but it is n...
USCongressGetsConflictingAdviceonEconomy,Debt For U.S. lawmakers, no issue is more pressing or contentious than how to revive an ailing American economy while confronting a $14.7 trillion national debt. Complicating this monumental task is a sharp di...
