The market capitalization of U.S. equity markets has increased by $3 trillion since last October.
Kosovo celebrates its fourth anniversary of Unilateral Declaration of Independence (UDI) on Feb. 17. Even after four years of its UDI, the Albanian majority country is still to make any head way towards development or in ensuring stability in the region. The biggest challenge it faces includes its conflict with Serbia, which don't recognize Kosovo's independence and the resistance from several of the European Union countries that oppose its inclusion in the Union.The territorial confl...
A deal to renew a payroll tax cut for 160 million U.S. workers through 2012 headed on Thursday toward congressional approval as Democratic and Republican leaders rallied support for the bipartisan agreement.
Economists have factored the payroll tax cut extension into forecasts that the U.S. economy will grow 2.5 percent in 2012.
Wall Street stocks were set to open little changed on Thursday as concerns about a possible downgrade of global banks by Moody's were offset by upbeat U.S. data on the labor and housing sectors.
A payroll tax cut for 160 million Americans, set to expire at the end of this month, would be extended through December under a bipartisan deal announced early on Thursday by U.S. congressional leaders.
Claims for jobless benefits fell for a third straight week to the lowest level since March 2008, when the U.S. was in the early stages of a recession. This could signal the labor market is gaining momentum.
The eurozone finance ministers have demanded greater supervision and control of Greece's economy in return for the approval of bailout package.
Asian shares and the euro fell Thursday as another delay in cementing a crucial bailout for stricken Greece underscored how far Europe is from resolving a debt crisis that threatens the stability of the financial system.
Negotiators Wednesday evening reached a sweeping tax cut deal that provides a victory to President Barack Obama and his fellow Democrats in Congress and frees Republicans of an issue that threatened to stalk them to the November elections.
U.S. lawmakers Wednesday reached a sweeping tax cut deal that provides a victory to Democrats and frees Republicans of an issue that threatened to stalk them to the November elections.
Even though he is performing poorly in polls, President Sarkozy announced Wednesday he will seek another term.
In country after country in Europe the so-called bitter pill approach has been wholeheartedly embraced as the only solution by both conservative and leftwing governments. Problem is, it's looking more and more likely that they're wrong: as a strategy, austerity has by and large failed.
Federal Reserve policymakers are turning to cars to illustrate just how split they are over what, if anything, to do about the U.S. economy, with some eying the brake pedal and others the gas.
Greece is currently straddling the knife's edge of crisis, as a deeply unpopular decision by the country's political leadership to impose painful economic austerity measures on the populace to receive a bailout from foreign creditors has not achieved its desired results. Pictures of life in the nervous country.
Unemployment in Britain stayed relatively flat at the end of 2011, rising its smallest amount in nearly a year between the months of November and December. Compared to the rest of Europe, the UK is right in the middle.
President Barack Obama, in his new $3.8 trillion budget proposal for 2013, called for taxes on the wealthiest Americans, a reduction in the national deficit and adequate funding for education.
Eurozone finance ministers Wednesday scrapped a planned meeting to be held in Brussels that they had called to approve the new bailout and a related debt restructuring plan.
U.S. lawmakers reached a tentative deal on Tuesday on legislation aimed at boosting the economy by extending a payroll tax cut for 160 million workers through this year and continuing long-term jobless benefits, congressional aides said.
U.S. lawmakers were close to a deal Tuesday on legislation that would boost the economy in the short term by extending a payroll tax cut for 160 million workers through this year and continue long-term jobless benefits, congressional aides said.
Euro zone finance ministers dropped plans on Tuesday for a special face-to-face meeting on Greece's new international bailout, as the cabinet in Athens argued up to the last minute on plugging a 325 million euro ($427 million)gap in its austerity plan.
President Barack Obama urged Americans to pressure their lawmakers in Washington to pass a payroll tax cut extension.
