| Jul 5, 2013
| 8:59 PM
After four years of providing trillions of dollars in cheap money to prop up the U.S. financial system and economy, the Federal Reserve has signaled that its generosity won't last forever.
On the face of it, that ought to be good news: It means the...
| Jun 3, 2013
| 7:10 AM
WASHINGTON -- The Eurozone, stuck in its longest-ever recession, is headed for a "very gradual recovery" later this year driven by stimulative monetary policy and increased demand for exports, the head of the European Central Bank said Monday.
| May 31, 2013
| 7:36 AM
WASHINGTON — The unemployment rate in the Eurozone hit a record 12.2% last month as the region continues to battle a lengthy recession triggered by austerity measures and debt problems in some key nations.
Joblessness has soared over the past...
| May 13, 2013
| 8:27 AM
WASHINGTON -- The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said.
The comments over the weekend by Italian Central Bank chief...
| May 15, 2013
| 6:17 AM
WASHINGTON -- The Eurozone economy contracted 0.2% in the first three months of the year compared with the previous quarter, marking the region's longest recession since its single currency was created in 1999.
The 17-nation Eurozone now has been in...
| Apr 30, 2013
| 6:45 AM
WASHINGTON -- The Eurozone's unemployment rate hit a record high of 12.1% in March as the region continued to struggle with recession, government officials said Tuesday.
The seasonally adjusted jobless rate for the 17-nation group topped the previous...
| May 2, 2013
| 6:12 AM
WASHINGTON -- The European Central Bank on Thursday lowered its key interest rate to a record low level in an effort to spur economic growth in the recession-plagued Eurozone.
The central bank's policymakers lowered its main refinancing rate by 0.25...
| Sep 6, 2012
| 9:23 AM
The European Central Bank announced Thursday that it would buy the bonds of financially flailing countries such as Spain and Italy in unlimited quantities if necessary to keep their borrowing costs down, in an unprecedented move to keep a lid on the...
| Sep 6, 2012
| 11:53 AM
Worldwide, Sweden gets the most out of using the Internet, according to a new study from a foundation that seeks to expand access to the Web....
| Aug 24, 2012
| 7:13 AM
Greek Prime Minister Antonis Samaras asked for more time from Berlin on Friday to implement the deep austerity measures required of it under the terms of its financial bailout. German Chancellor Angela Merkel insisted that Athens stick to its commitments....
| Sep 6, 2012
| 10:23 AM
A fishing boat packed with Syrian and Iraqi refugees struck rocks and sank off the coast of western Turkey, drowning scores of people, Turkish media reported....