The Managing Director of the International Monetary Fund, Dominique Strauss-Kahn, warns that the world economy will further decline this year. Strauss-Kahn says Germany's biggest stimulus package since World War II offers some hope, although he caut...
Concern about the tough earnings season lying ahead for corporations has depressed markets in Asia and Europe. The gloomy outlook has come as many countries face rising unemployment. In London, Britain's prime minister has outlined a new, wide-rangi...
After a year of gut-wrenching losses, stock markets around the world recorded a positive day amid light trading to close out 2008. A trader talks on the phone at the Shanghai stock market on New Year's Eve in Shanghai, China, 31 Dec 2008 Modest gain...
Global stock markets are rallying on expectations that coordinated fiscal stimulus measures in Asia, Europe and America will cushion the impact of the economic slowdown. An employee of Korea Stock Exchange reacts in front of a screen showing raising...
China and the United States have agreed to work together to help alleviate the effects of the global financial crisis. The two countries also touted environmental cooperation, at a just-concluded round of high level economic talks. A worker stands i...
Following big losses in Asia, Europe is faring little better on equity markets. Persistent recession fears and new layoff announcements are contributing to the gloom as VOA's Tom Rivers reports from London. Current bad economic news seems to be echo...
The Group-of-20 leaders, representing the world's major industrialized nations and large developing countries, will meet in Washington this weekend to discuss measures to restore global financial stability. Europe has taken the lead in pushing for t...
World markets slumped Tuesday amid persistent worries of a deepening global recession. VOA's Michael Bowman reports from Washington that U.S. shares were lower in Tuesday's trading despite new government-led efforts to stem home foreclosures as well...
Worries about the health of the global economy are again taking their toll on the world markets. Following earlier drops in Asia, European indexes are down across the board. For VOA, Tom Rivers in London reports. The reason for the global gloom rest...
As leaders of leading developing and advanced economies prepare to meet in Washington November 15 to discuss weakening conditions in the global economy, there is an expectation that they will endorse increased government spending to maintain economi...