The first named storm of the Atlantic hurricane season was on track on Saturday to reach the Gulf of Mexico within days, a potential threat to containment and cleanup of the worst ever U.S. oil spill.
World leaders dropped a commitment on Saturday to complete the troubled Doha trade round this year and vowed to push forward on bilateral and regional trade talks until a global deal could be done.
World leaders moved away on Saturday from lockstep policy pledges to secure economic recovery, leaving countries leeway to chart their own courses in taming government debt and clamping down on banks to prevent another financial crisis.
(Corrects reference to Doha round in paragraph 7)
The first named storm of the Atlantic hurricane season was on track on Saturday to reach the Gulf of Mexico within days, a potential threat to containment and cleanup of the worst ever U.S. oil spill.
President Barack Obama was expected to focus on the Gulf of Mexico oil spill disaster in talks on Saturday with Britain's new leader, even as the first named storm of the Atlantic hurricane season threatened to disrupt containment and cleanup efforts.
World leaders neared agreement on Saturday to halve their budget deficits within three years but, fearing spending cuts would jeopardize a fragile recovery, they planned to allow each country to set its own pace.
The first named storm of the Atlantic hurricane season threatened on Saturday to veer toward the Gulf of Mexico within days, posing a new threat to containment and cleanup of the worst U.S. oil spill in history.
World leaders hoping to shore up a fragile economic recovery will leave it to individual countries to decide how best to repair battered budgets without stunting growth.
World leaders cast about for a common approach on Saturday to securing an uneven economic recovery that is showing signs of fading.
The world's richest economies, saddled with huge debts after spending their way out of the credit crisis, papered over differences on Friday on how to clean up their finances with minimal damage to growth.
President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
President Barack Obama, fresh from a win on a sweeping overhaul of Wall Street regulations, on Saturday urged Congress to take up his proposal for a $90 billion, 10-year tax on banks as the next step in reform.
Most principles embodied in a new set of financial regulatory rules proposed by the United States and Europe also fit China, and embracing them early would help it strengthen financial stability, the country's deputy central bank governor said on Saturday.
U.S. President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
Stock investors will anxiously await the crucial June jobs data next week for clues on how the U.S. economy may weather recent storms that drove Wall Street's major indexes down for the year.
The Obama administration on Friday asked a U.S. appeals court to stay a ruling that lifted a temporary ban on deepwater oil drilling, its latest attempt to clamp down in the wake of the Gulf of Mexico spill.
Lawmakers hammered out a historic overhaul of financial regulations on Friday, handing President Barack Obama a major domestic policy victory on the eve of a global summit of world leaders.
Economic growth was slower than previously reported in the first quarter on lower consumer spending on services, raising concerns the recovery would be too sluggish to bring down unemployment.
BP Plc's struggle to contain the Gulf of Mexico oil spill was nearing a potentially important stage on Friday even as worries about the soaring costs of the clean-up sent its shares nosediving to a 14-year-low.
BP Plc's struggle to contain the Gulf of Mexico oil spill was nearing a potentially important stage on Friday even as worries about the soaring costs of the clean-up sent the company's shares nose-diving to a 14-year-low.
A Democratic plan to provide additional aid to jobless workers, businesses and cash-strapped states and raise taxes on investment fund managers failed in the Senate on Thursday.
