Greece and its private creditors made progress Thursday in talks on restructuring its debt, both sides said, and they will continue negotiating on Friday with the aim of sealing an agreement within a few days.
The U.S. economy is not robust by any means, but the recent manufacturing-driven recovery, if tepid, is finally beginning to erase memories of the disappointing slowdown in 2011. On the wings of the recent gains, growth in most sectors of the economy is likely to continue - and maybe even pick up momentum towards the end of the year.
Greece's tortuous negotiations over a debt swap with private creditors entered a new phase on Thursday with focus on how much the European Central Bank and other public creditors may need to contribute.
Greece resumes tortuous negotiations on a debt swap with private creditors in Athens on Thursday, with all eyes on the European Central Bank after IMF chief Christine Lagarde said public sector holders of Greek debt may need to take a haircut too.
Thirty cities accounted for half of all global commercial real estate investment from 2008 to 2011, according to a report released Wednesday.
In the wake of the forceful evacuation of Samburu tribe, the German Travel Association has warned the Kenyan government that it will not help promoting Kenya as an attractive destination.
President Barack Obama Tuesday used his 2012 state of the union address to the American people and Congress to propose initiatives to create jobs, help companies increase their U.S.-based operations, and help Americans learn the skills they need to succeed in the modern/postmodern global economy.
The U.S. economy is expected to have expanded in the fourth quarter of 2011 at a 3 percent annual rate, the fastest pace in a year and a half and well above third-quarter growth of 1.8 percent, as consumers loosened their purse strings, companies rebuilt inventories and housing construction perked up.
Even as Greece works towards an agreement with private sector investors to meet their debts, the S&P warned that Greece is likely to enter into default.
While shares of Apple, the most valuable technology company, fell about 1 percent to $422.37 Tuesday ahead of its first-quarter earnings announcement, TechnoBuffalo editor Jon Rettinger warned the company is swimming in uncharted waters.
Is his state of the union address Tuesday night, look for President Barack Obama to outline the role public policy can play in addressing the nation’s No. 1 problem: its high 8.5 percent unemployment rate and shortage of at least 10 million jobs.
Greece's private creditors pleaded Tuesday with European officials who rejected their bond swap offer to hammer together a deal before Athens tumbles into a chaotic default.
This year could be an interesting one for Mergers & Acquisitions (M&A) related activities, with the likelihood for improvement in overall deal volumes; although, given the cautious optimism in the global economy, any exponential growth in deals seems far from the reality, according to an expert in the field.
While global financial markets have calmed down in the waning days of 2011 and early 2012, debt problems in eurozone, China's real estate problem and oil price pressure are three big concerns which haunt the near-term outlook according to a leading macro-economy guidance organization.
Eurozone finance ministers have rejected an offer by private bondholders to help restructure Greece's debts, officials said Monday, sending negotiators back to the drawing board and raising the threat of default.
Eurozone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not improve their offer.
As the United States seeks to mobilize international support for a tough new set of sanctions on Iran, some experts are warning that tightening the economic vise could backfire and embolden the ruling regime.
The representatives of Greece's private creditors left Athens unexpectedly on Saturday without a deal on a debt-swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters. Negotiations will continue over the phone during the weekend.
European Union ministers meeting on Monday will attempt to reach agreement on a new treaty enforcing stricter budget controls in the Eurozone that could allow the bloc's highest court to fine countries that do not adopt key rules.
In the five years since Mexican president Felipe Calderon began to use the military to combat the country's powerful drug cartels, some 50,000 people have been killed. With people being murdered in the country nearly every day, how is the violence affecting Mexico's tourism industry?
General Electric, the U.S.'s largest industrial manufacturer, is expected to report a 22.3 percent fourth-quarter profit increase when it announces its earnings Friday, driven by strong equipment order and pricing trends and growth in the aviation and energy infrastructure sectors. It marks the seventh straight quarter of operating earnings growth.
The world economy will lose momentum in 2012 but it will keep moving in the right direction, according to Reuters polls of around 600 economists who said crisis-hit Europe would drag on global growth.