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China Reports $31.48 Billion Trade Deficit for February

China's Economy Needs Major Overhaul: World Bank

China's economic model, driven by exports and investment, is no longer sustainable and reforms are needed to prevent a serious slowdown, the World Bank concludes in a new report.

Hopes for Europe Boost Euro; Oil Hurts Asian Stocks

The euro gained broadly Monday as signs of fresh steps from the Group of 20 major economies to contain the euro zone debt crisis boosted sentiment, but higher oil prices hurt Asian stocks.

Germany to Make Decision on Firewall in March: Finance Minister

Large euro sign installation is seen in front of the European Central bank headquarters in Frankfurt.

The German government will decide whether to boost the European bailout fund in March and its parliament is very likely to support any decision for more resources, Finance Minister Wolfgang Schaeuble said on Saturday at a meeting of finance officials from the Group of 20 economic powers.

U.S. Treasury Secretary Timothy Geithner (C) arrives at a meeting of Group of 20 finance ministers and central bankers in Mexico City February 25, 2012.

G-20 Inches Toward $2 Trillion in Rescue Funds for Euro Zone

Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent more fallout from the euro-zone's sovereign-debt crisis.

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Secretary-General of the Organization for Economic Cooperation and Development (OECD) Angel Gurria (L) speaks next to Mexican Finance Minister Jose Antonio Meade, on the sidelines of the meeting of finance ministers and central bank governors of the group

G-20 Deal on Euro Zone Will Not be Reached This Weekend

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.

IMF head Christine Lagarde gestures during a news conference at the G20 meeting at the ministry in Paris

G-20 Finance Ministers to Address Europe Debt Crisis, IMF Funding

Finance ministers and central bank chiefs from the Group of 20 countries will meet this weekend in Mexico City to tackle the euro zone's debt crisis and the prospect of replenishing the International Monetary Fund.

BRICs to Consider Multilateral Development Bank, Brazilian Says

Officials from top emerging market countries will discuss fledgling plans to set up a multilateral bank to fund projects in developing nations during upcoming Group of 20 meetings, a senior Brazilian government official said on Thursday.

Greece's PM Papademos makes statements after a meeting with President Papoulias in Athens

Greeks Approve Bond Swap Needed for Bailout

Greece took its first step toward reaping urgently needed funds agreed in a 130-billion-euro rescue package Thursday as its parliament endorsed a bond swap for private holders of its debt.

Greek Parliament Approves Debt Swap

Greece's parliament endorsed a debt swap with private bondholders on Thursday that forms the core of its 130-billion-euro bailout, despite new protests against tough budget cuts demanded in return for the rescue deal.

Greek parliament approves debt swap for rescue

File photo shows China's Premier Wen Jiabao

China Growth Rate for 2012 Can be Less Than 8 Percent

A target of less than 8 percent growth for China could be set by Premier Wen Jiabao amid the risk of financial instability, according to a report.

Treasury Undersecretary for International Affairs Lael Brainard testifies at a House Financial Services Committee hearing on financial regulatory reform on Capitol Hill in Washington

Treasury Says Europe Needs Solid Debt Firewall

It is critical that Europe put up a convincing firewall against the risk of financial contagion from its debt crisis before more aid from the International Monetary Fund is discussed, a top Treasury Department official said on Wednesday.

EU to Ask G20 to Back Increased IMF Funds

European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.

Former IMF chief Strauss-Kahn leaves the financial brigade in Paris

DSK Held by French Police in High-Class Hooker Probe

Police in Lille are holding the former banker after prostitutes said they had had sex with Strauss-Kahn during 2010 and 2011 in a string of luxury hotels in Pairs and Washington D.C.

Former IMF Director Dominique Strauss-Kahn

Dominique Strauss-Kahn: Investigation Into Prostitution Ring Involvement

Dominique Strauss-Kahn, former International Monetary Fund (IMF) chief is being questioned today by French police for his involvement in a prostitution ring. Dominique Strauss-Kahn, former International Monetary Fund (IMF) chief is being questioned today by French police for his involvement in a prostitution ring.

A man walks next to a kiosk selling Greek flags in Athens

Greece Debt Crisis: New Bailout Just Postpones the Inevitable

The loan comes just in time for Greece, which has to repay a maturing loan by March 20 to avoid bankruptcy.

Dow Hits 13,000 as Global Markets Show Muted Relief on Greek Deal

Tuesday's long-awaited second rescue package for Greece steadied the euro and removed the immediate threat of a disorderly bond default, but markets remained cautious in early morning trading, fearful of what lies ahead for the stricken country.

Europe OKs $171 Billion to Save Greece From Default, But Will It End Country's Economic Crisis?

Euro zone finance ministers reached an agreement to hand Greece a bailout package worth 130 billion euros ($171 billion) , to help the country avoid a default.

Europeans Near Deal on Second Greek Bailout

Euro zone finance ministers inched toward approving a second bailout for debt-laden Greece Monday night that would resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy.

Stacks of ten thousand Japanese yen bills are piled up before counting at the Korea Exchange Bank in Seoul

S&P Affirms Japan’s Rating, Warns on Debt: Is the Country Ready to Face Bleak Economic Outlook?

Standard & Poor's Ratings Services said that it has affirmed Japan's sovereign debt rating at AA- along with maintaining its negative outlook as the country faces dismal fiscal position.

Greece Decision Day on Second Bailout Deal

Eurozone finance ministers expected to approve second bailout for Greece to draw line under months of turmoil that has shaken the currency bloc.

China Cuts Banks' Reserve Ratio: Will it Provide Impetus for Lending and Sustain Economic Growth?

China’s central bank has announced a cut in reserve requirements for the first time this year to reinforce economic growth.

Japan, China Ready to Help Europe Through IMF: Can They Alleviate the Looming Crisis?

Japan and China are committed to help resolve the European debt crisis through the International Monetary Fund once euro region members take additional steps themselves according to Japanese Finance Minister Jun Azumi.

Asian Markets Buoyed by China Easing, Greece Hopes

Markets jumped Monday as policy easing by China and prospects for Greece to clinch a second bailout fund buoyed investor appetite for riskier assets, sending U.S. crude up nearly $2 a barrel and Asian shares up nearly 1 percent.

IMF Should Back Greek Pact: Geithner

U.S. Treasury Secretary Tim Geithner said on Sunday the United States would encourage the International Monetary Fund to support an agreement on Greek economic reforms that had been agreed to by Greek leaders.

Election of Saleh's Successor to Mark New Chapter in Yemen

After a year of protests, diplomatic wrangling and an assassination attempt, Yemenis will draw a line under Ali Abdullah Saleh's three-decade rule Tuesday by voting in an uncontested election to install his deputy as president.