World economic powers at a Group of 20 gathering in Mexico City told Europe on Friday it would have to do more to fight its financial crisis before they agree to provide backup in the form of a bigger International Monetary Fund war chest.
The European Central Bank's decision to exempt itself from taking losses on its Greek bonds may push up borrowing costs of other debt-strained euro zone countries, Standard & Poor's said on Friday.
The European Central Bank's decision to exempt itself from taking losses on its Greek bonds gives its senior status in the bond market and may push up borrowing costs of other debt-strained euro zone countries, Standard & Poor's said on Friday.
The UK has officially recognized the Syrian opposition as a legitimate representative of the county's citizenry.
India’s role at the summit will be “observational.”
The Obama administration is weighing the circumstances that could warrant tapping the nation's strategic oil reserve, aware that supply disruptions from Iran could harm the global economy, Treasury Secretary Timothy Geithner said on Friday.
In the G-20 meeting to be held in Mexico City from Feb. 25, the U.S., China and Japan will ask Europe to take additional steps to solve the economic crisis before it could receive external help.
Asian shares crept higher Friday as solid U.S. data improved sentiment, but gains may be limited by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent rallies.
Asian shares rose Friday as solid U.S. data improved sentiment, but the upside may be capped by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent gains.
Western and Arab nations will demand that Syrian forces call an immediate ceasefire to allow relief supplies to reach desperate civilians in bombarded cities such as Homs when they meet in Tunis Friday.
There is an old adage: Even in the warmest of hearts, there’s a cold spot for the Jews.
Western and Arab nations will demand that Syrian forces implement an immediate ceasefire to allow relief supplies to reach desperate civilians in cities such as Homs which has endured a 20-day bombardment when they meet in Tunis on Friday.
Countries opposed to an EU law forcing the world's airlines to pay for greenhouse gas emissions agreed on a basket of retaliatory measures, adding to a series of threats that have raised the prospect of the globe's first carbon trade war.
With citizens of debt-burdened European countries growing more disillusioned over spending cuts and other austerity measures, it may not be long before hard-line parties opposed to such policies begin to siphon support.
The euro zone economy is on the mend after a very weak end to 2011 and there have been more positive signs over the last two weeks, European Central Bank President Mario Draghi was quoted on Thursday as saying.
The euro zone is recovering very slowly and although financial markets are more stable than a few months ago it is hard to say whether the bloc's debt crisis is over, ECB President Mario Draghi said on Thursday.
The euro zone area will fall back into recession this year due to the contracting economies of Greece, Italy and Spain, the administrative arm of the European Union said Thursday, abandoning its earlier prediction that recession will be avoided.
President Barack Obama has scheduled a meeting with Israeli President Shimon Peres for early March, in which the main topic of conversation will surely be Iran. Will it be practice for Obama's meeting with Netanyahu the next day?
The European Union's executive said on Wednesday it would refer a disputed global agreement to tackle online piracy to the bloc's highest court to check whether it complies with EU fundamental rights.
Iran has issued what could be the final execution order for Youcef Nadarkhani, the Christian pastor who was found guilty of renouncing Islam.
Russian officials have warned that an Israeli strike on Iran would be nothing short of catastrophic.
Sales of existing U.S. homes rose 4.3 percent to 4.57 million in January, up from a revised 4.38 million in December, according to the National Assocation of Realtors, marking further improvement in the housing market as interest rates remained low and the job market saw gains.
