Economic experts watching Spain don't know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.
The U.S. economic outlook for next year is being shadowed by what economists are calling the fiscal cliff of 2013 -- the expiration of enormous tax cuts and transfer payments.
About 90 percent of Syrian crude exports went to Europe -- oil revenues represented about one-fifth of Syria’s GDP.
Good corporate earnings, falling Spanish interest rates and an upward revision in the International Monetary Fund's outlook for the U.S. economy on Tuesday offset a weak housing report to lift equities and industrial commodities.
Global growth is slowly improving as recovery in the United States gains traction and dangers from Europe recede, but risks remain elevated and the gains are very fragile, the International Monetary Fund said on Tuesday.
The International Monetary Fund on Tuesday raised its projection of growth in the U.S. gross domestic product to 2.1 percent this year and 2.4 percent next year, from 1.7 percent in 2011.
Foreign Direct Investment (FDI) inflows into China fell in March as investors spooked by a lingering European crisis cut down on spending.
The Reserve Bank of India (RBI) surprised markets with a 50 basis point cut in the main interest rate, the first policy easing in three years, as focus turned to lifting lending controls and tackling a slowdown in the economy.
Spanish sovereign bond yields edged above 6 percent on Monday as investors grew wary of the government's continued struggles to reduce the deficit and improve labor market competitiveness.
South Korea's central bank has lowered the country's growth forecast for 2012 to 3.5 percent on account of the global economic slowdown that has resulted in the weakening of exports.
Asian stock markets declined Monday, following a slump in the US and European stocks last week on renewed eurozone concerns.
The Reserve Bank of India (RBI) is expected to ease rates when it announces the annual credit policy on Tuesday, in order to lift constraints on lending and in a response to the continued shortage of liquidity in the banking sector faced with a slow moving economy.
The U.S.-Colombia Trade Promotion Agreement will take effect next month, President Barack Obama announced Sunday during the two-day Summit of the Americas in Cartagena, Colombia.
As Tax Day looms on April 17, Americans face a gigantic tax code that is four times the size of the complete works of William Shakespeare.
The bears were on the prowl Friday, as negative economic news out of China, Spain, and the U.S. left global investors struggling to find safe places for their cash -- and the positive developments that did surface appeared to have little effect.
Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results.
Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after Chinese data that had fueled the previous day's rally disappointed.
Asian stock markets ended with gains for the second day Friday after North Korean's much touted long-range rocket launch failed.
The top aftermarket NYSE losers Thursday were: Talbots, Hexcel Corp, First Majestic Silver, Unit Corp, EnergySolutions, Molina Healthcare, Goodrich Petroleum, SM Energy, Stone Energy Corp and Swift Energy Co.
An unexpected drop in the US trade deficit in February has prompted analysts to raise the first quarter GDP growth estimates.
Growth was 8.1 percent in the first quarter, the lowest since the same period in 2009, largely due to weak global demand and reduced investment in domestic real estate.
Asian shares rose Friday on better-than-expected demand for Italian sovereign debt, shrugging off the failed rocket launch by North Korea before the markets opened.
