US-EU
The European Union has three months to address its financial crisis before the markets stop giving it time, but in the end the euro is likely to remain, said George Soros, chairman of Soros Fund Management LLC.
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The eurozone crisis is the single biggest threat to the global economy
The eurozone crisis is the single biggest threat to the global economy, according to the Organisation for Economic Co-operation and Development.
German, French Finance Chiefs Pledge Support for Greece Staying in Eurozone
The German and French finance chiefs are pledging their support for efforts to keep Greece in the euro currency bloc, but remain at odds over creating a new way to help debt-ridden governments finance their operations.
'Friends' against Google
Microsoft Corp. friended Facebook Inc. long before the social network set in motion what’s expected to be a blockbuster initial public offering next week.
Spain's economy in recession, GDP data show
The Spanish economy contracted 0.3% in the first quarter of 2012, the second straight quarter of economic decline, officially putting the economy into recession, according to preliminary data released by the national statistics office.
Wal-Mart: Bribes Without Jail Time
As reported in a front-page article in The New York Times this week, the Wal-Mart Mexican bribery scheme has all the makings of a gripping criminal prosecution: millions of dollars in illegal payoffs to Mexican government officials and evidence of a cover-up scheme that went all the way to Wal-Mart headquarters in Bentonville, Ark.
Timothy Geithner said that the euro zone needed stronger action
U.S. Treasury Secretary Timothy Geithner said Saturday that the euro zone needed stronger action from authorities, including the European Central Bank, to tame a potential deterioration in the debt crisis.
IMF: Financial Stability Improved, but Not Assured Long-term
The International Monetary Fund said that global financial stability has improved over the last several months with the easing of the European debt crisis, but not so much as to ensure long-term economic growth.
Europe could suffer a prolonged economic downturn
Europe could suffer a prolonged economic downturn unless it takes stronger action to fight its debt crisis and prop up growth, the International Monetary Fund said on Tuesday.
Private Debt Will Likely Weigh on Growth for Years
Public debt has received most of the spotlight since the European debt crisis flared up more than two years ago. But private-sector debt is arguably a more intractable problem, and governments, particularly in the euro zone, appear unlikely to embrace bold policies that would ease its burden on the European economy.
Obama Urges Congress to Pass 'Buffett Rule'
U.S. President Barack Obama is renewing his call for Congress to approve tax reform legislation known as the "Buffett Rule."
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