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U.S. stocks were set to open lower on Wednesday following a record showing on Tuesday.

European Parliament wants to see more done to crack down on widespread tax cheating.

China’s control over the value of its currency could soon be a little less strict, according to a top central bank official.

Recession remains a huge risk for large economies, according to new assessments by the IMF.

The euro zone's three finance regulators predict Greece will return to growth gradually in 2014 as it cuts civil service jobs.

The International Monetary Fund (IMF) officially recognized the Somali government on Friday, ending a 22-year-long break in relations.

IMF chief Christine Lagarde on Sunday welcomed the Bank of Japan’s aggressive easing program as a helpful step to support global growth.

The BRICS nations, along with dozens of other developing countries have been dumping their foreign exchange holdings of the euro.

Egypt's planning minister said Thursday the government may reach a final agreement over a $4.8 billion loan in two weeks.

The IMF's contribution seeks to distribute burdens and protect the most vulnerable.

Egypt's economy is still in trouble. Is Libya coming to the rescue?

Egypt may hold parliamentary elections in October, and not in April as planned earlier.

These five nations trade goods worth $282 billion a year with each other, and they want their own IMF and World Bank.

As the dust from the Cyprus financial rescue settles, an altered landscape is emerging.

Here is the full text of the Eurogroup Statement on Cyprus, as issued in Brussels early Monday.

Cyprus will get €10 billion to prop up its €17 billion economy. That’s nothing compared with the bailouts of four other euro-zone countries.

After days of talks, Cyprus realized it had no choice but to accept harsh euro-zone bailout terms, including a one-time bank-deposit levy.

The EU gauged Cyprus' latest plan to raise money as Russia decides not to help prevent a Cypriot meltdown.

Cyprus is fast exhausting options to avoid financial ruin as Brussels and Moscow watch it rush to the precipice.

Germany's finance minister warned Cyprus Tuesday night that its banks may never be able to reopen if it rejects the terms of a bailout.

Where the island nation heads now -- seek easier terms from lenders or default on its sovereign debt - is unclear.

Russian account holders stand to lose a great deal of money should the government of Cyprus choose to impose a banks savings tax.

The euro zone bailout of Cyprus is threatening the stability of the monetary union.

The International Monetary Fund says the budget action would lead to an economic slowdown in the U.S., which would ripple across the globe.

China is undergoing a demographic shift that will have profound economic and social consequences.

With the help of loans by the European Union and International Monetary Fund, the Egyptian economy is attempting a comeback.

Greece's unemployment rate climbed to a record of 26.8% in October, with young people suffering most, amid a recession entering its 6th year.

Foreign direct investment (FDI) inflows into China fell in November in comparison to the same period last year, as investors, who are concerned about the global economic condition cut down on spending.

Egypt is at risk of descending into a cycle of economic crisis feeding into political crisis, as it had to delay asking for an IMF loan.