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IMF urges ECB to play bigger crisis-fighting role

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European policymakers, stung by criticism for failing to stem the euro zone debt crisis, face the tough task of quickly stopping fallout from Greece's near-bankruptcy from spreading into the world economy.

Daredevil Jeb Corliss Flies Through a Mountain [PHOTOS AND VIDEO]

Jeb Corliss
Stuntman Jeb Corliss successfully completed a high-risk wingsuit dive through a 100-ft. wide arch in China's Tienman Mountain on Saturday.Corliss jumped from a helicopter 6,000 feet above the ground, and raced through the air at high speed towards a perilously narrow gap in the mountain. An expectant crowd gasped and cheered as the 35-year old made it through with room to spare.An earlier attempt was aborted after the smoke canisters on his wingsuit malfunctioned. The suit allows him ...
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Europe to decide on EFSF by next G20: China's Zhu

The European Union will make a clear decision about boosting the capital of the European Financial Stability Fund before the next Group of 20 finance ministers meeting in mid-October, said Chinese Deputy Minister of Finance Zhu Guangyao.
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Bill Gates backs financial transaction tax to aid poor

A report by Microsoft founder Bill Gates to Group of 20 ministers on Friday proposes raising new funding for poorer countries by taxing financial transactions, tobacco, and shipping and aviation fuels, according to details of a G20 report obtained by Reuters.
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Gates backs financial transaction tax to aid poor

A report by Microsoft founder Bill Gates to Group of 20 ministers on Friday proposes raising new funding for poorer countries by taxing financial transactions, tobacco, and shipping and aviation fuels, according to details of a G20 report obtained by Reuters.
Greece must shrink state to avoid default: lenders

Global Recession 2011: It's Real, and It's Going to Hurt

Let's face the mounting facts and just say it in plain language: The world is slipping into Global Recession 2011 and governments don't have the gunpowder to ward it off. The U.S. economy is barely growing at all. Companies aren't hiring. The federal budget deficit is above $14.5 trillion. Companies are stockpiling cash because, as Ford CEO Alan Mulally said in a press conference this week, because the consumer has pulled back.
File photo of Zambia"s newly appointed president Michael Sata,

Zambia's 'King Cobra' Sata sworn in as president

Zambian opposition leader Michael Sata, a critic of Chinese investment, was sworn in as president on Friday after an upset poll victory that ushered in a smooth handover of power in Africa's biggest copper producer.
President Sata

Zambia Election Results: President Banda Concedes

Banda conceded to Sata on Friday, ending three days of riots and protesting. The presidential vote was held nationwide on Tuesday, but the government had been slow to tally the votes, a fact which angered eager Zambians.
Stacks of Swiss franc and Euro banknotes are displayed in a bank in Bern

G20 Talks But No Specific Action

Finance officials from the Group of 20 nations on Thursday pledged to preserve financial stability and said central banks were ready to provide liquidity as needed, but a communique after the meeting offered few hints of fresh action to contain Europe's raging debt crisis or revive the faltering global economy.
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U.S. Gold Futures in Steepest Loss in a Month

U.S. gold futures posted their steepest losses in a month on Thursday, dragged down by a global flight from risk that raises new questions about bullion's value as a safe haven and the sustainability of its long rally.
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Top 10 Billionaires of the World in 2011 [PHOTOS]

Forbes' latest list of billionaires, which was published on Wednesday, has a few surprises on it. The world has now 1,210 billionaires, with a total net worth of $4.5 trillion. The number of billionaires has doubled in China while Moscow surpasses all other cities in the number of billionaires.
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Alibaba.com Boosted by Private Equity Investment

Private equity firms looking to invest into Alibaba Group have relieved pressure on Chairman Jack Ma to stage a speedy IPO by allowing a way for employees to sell their shares to willing buyers.
The Apple Inc. logo is seen in the lobby of New York City's flagship Apple store

Apple's iPhone Rollout to Focus on OS, Cloud: Analyst

Apple Inc. is expected to conduct a press event on Oct. 4, which may see the release of iPhone 5 with iOS 5, according to analysts. Analysts at Jefferies are expecting Apple to focus on iOS 5 and its cloud service capabilities.
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Geithner slams China's intellectual property policies

Treasury Secretary Timothy Geithner said on Thursday that China is holding to its decades-old strategy to steal American intellectual property, in a pointed statement reflecting U.S. officials' growing impatience with Beijing.
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G20 pledge offers respite for shares, euro

European shares inched up from 26-month lows on Friday and the euro rose after the G20 major economies pledged to preserve financial stability, but risk sentiment remained fragile on fears of renewed recession in the developed world.

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