Global interest rates must rise to avoid high inflation becoming entrenched, the Bank for International Settlements said on Sunday.
Europe is more concerned about the fallout on Spain and other large euro zone economies from the Greek financial crisis than on Ireland and Portugal, which are already receiving emergency funding, the Irish finance minister said on Sunday.
European Union leaders are expected to press Greece at a summit on Thursday to adopt deeply unpopular austerity measures, in return for fresh financial support.
Brazilian authorities claim to have pinpointed the location of a community of ancient and uncontacted tribespeople in one of the most remote corners of the world’s largest rainforest.
Good morning, Harry Potter fans. Check here for live blog coverage of J.K. Rowling's Pottermore announcement.
European leaders will try to convince Greeks and financial markets when they meet on Thursday and Friday that they have a workable plan to help Athens avoid a debt default and return to financial stability.
In much the same manner as in 2004, when Jose Mourinho brought in several of his stars from Porto, Chelsea are about to do the same with Andre Villas-Boas at the helm, though he will have to fight Barcelona off David Luiz.
The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area deals with its debt crisis.
The risks of the U.S. losing its prized triple-A rating over the medium term have increased as the country faces a political impasse and nears its debt ceiling, Standard and Poor's said on Tuesday.
With Andre Villas-Boas, the new Mourinho, emerging as the front-runner to take the Chelsea managerial hot-seat, it should be asked what he will need to do to succeed at a tricky club like Chelsea.
Greek Prime Minister George Papandreou faces a confidence vote on Tuesday, a hurdle he must clear to win backing for a new round of spending cuts, tax hikes and state asset sales needed to secure a 12 billion euro ($17.2 billion) lifeline and avert the euro zone's first sovereign debt default.
The ongoing sovereign crisis in the eurozone countries has renewed concerns over the fate of the euro, the second largest reserve currency as well as the second most traded currency in the world.
A 'Global Revolution' may come to your city this weekend as citizens of every nation are asked to 'Take to the Square' on Sunday, June 19.
The International Monetary Fund (IMF) has lowered its growth forecasts for the US for the next two years from 2.7 percent to 2.5 percent in 2011 and from 2.9 percent to 2.7 percent in 2012, besides highlighting renewed weakness in the housing market as a risk.
Stock index futures dipped on Thursday as global equities tumbled on worries that the lack of a deal on how to handle the Greek debt crisis could trigger disorderly market moves and crimp liquidity.
World stocks hit a three-month low on Thursday, the euro tumbled and top-rated government bonds rose as investors began to price in a possibility of disorderly default in Greek sovereign debt.
The European bail-out fund should be doubled to 1.5 trillion euros ($2.15 trillion) if politicians want private sector investors to participate in a second bail-out package for Greece, a European Central Bank governing council member said.
The current unrest in Greece stems for decades of over-spending. In Athens, protesters take to the streets to fight the latest austerity proposal.
The fallout from a Greek debt default can be contained if European leaders reached an agreement to let the restructuring take place in an orderly manner, former IMF chief economist Raghuram Rajan said on Wednesday.
The chances of positively resolving Europe's serious debt problems are decreasing from day to day as authorities focus on buying more time, not solving problems, billionaire investor George Soros said on Tuesday.
Hiring prospects for the coming quarter have improved in most large economies from three months ago, while holding steady in the United States, according to a quarterly survey of employers by ManpowerGroup Inc .
Talks about a second bailout for Greece are getting closer to a conclusion as the European Commission pushes for a voluntary debt swap, media reported.
