- Nobel Peace Prize boosts struggling Tunisian democracy Updated: Oct-09-15 4:09 pm
TUNIS, Tunisia - It was the fall of 2013 and Tunisia's newfound democracy was in grave danger. The assassination of a left-wing politician had prompted the opposition to walk out of the constitutional assembly. The government was paralyzed, the constitution unfinished and the country on the brink of war.
- Glencore shares storm ahead on zinc cutback news Updated: Oct-09-15 1:36 pm
LONDON - Shares in commodities group Glencore rose strongly Friday after the company said it is slashing its zinc production by a third and cutting jobs in response to a sharp fall in the price of the metal.
- IMF says Iceland has repaid its remaining debt Updated: Oct-09-15 10:41 am
LONDON - The International Monetary Fund says Iceland has repaid all of its remaining obligations - ahead of schedule - as the island nation presses on with its recovery following its economic collapse seven years ago.
- Global worries kept Fed from hiking rates in September Updated: Oct-08-15 2:50 pm
WASHINGTON - Federal Reserve officials were almost ready to raise interest rates in September but held off because of China's economic slowdown and its potential to derail U.S. growth and inflation.
- Holiday sales seen rising 3.7 percent Updated: Oct-08-15 10:03 am
NEW YORK - Americans are expected to spend at a slower pace than last year during the crucial winter holidays, weighed down by sluggish wage growth and other factors, according to the nation's largest retail industry trade group.
- Man gets 2 years for defrauding credit union out of millions Updated: Oct-08-15 2:57 am
CLEVELAND - A northeastern Ohio man was sentenced to two years in federal prison for conspiring to defraud a credit union out of more than $3.7 million.
- IMF sees recession for Latin America on commodities shock Updated: Oct-07-15 6:21 pm
LIMA, Peru - Latin America's economy is likely to go into recession this year for the first time since the end of the global financial crisis as China's slowdown lessens demand for the region's commodities, threatening to undo recent progress in reducing poverty, the International Monetary Fund said Wednesday.
- NY comptroller: Wall Street profits hit $11.3B in 6 months Updated: Oct-06-15 1:14 pm
ALBANY, New York - The securities industry in New York City tallied $11.3 billion in profits during the first half of 2015, higher than in the past three years, while also adding jobs last year for the first time since 2011, the state comptroller reported Tuesday.
- Bernanke defending Fed actions to battle recession Updated: Oct-05-15 2:37 pm
WASHINGTON - Former Federal Reserve Chairman Ben Bernanke says the U.S. economy is outperforming Europe at the moment because the Fed moved more quickly and aggressively to fight the 2008 financial crisis than Europe did.
- Croatia parliamentary vote to be held on Nov. 8 Updated: Oct-05-15 12:30 pm
ZAGREB, Croatia - The next parliamentary elections in Croatia will be held on Nov. 8 with the leftist government facing a strong challenge from the conservatives amid the migrant crisis and bad economy.
- Bernanke: Wall St execs should have gone to jail for crisis Updated: Oct-05-15 8:15 am
WASHINGTON - Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession.
- An ailing global economy starts to weigh on US job market Updated: Oct-02-15 4:25 pm
WASHINGTON - A sagging global economy has finally caught up with the United States.
- Survey gives another sign of Midwest economic slowdown Updated: Oct-01-15 11:13 am
OMAHA, Nebraska - A second straight monthly survey of nine Midwest and Plains states shows signs that the regional economy is slowing down, according to a report issued Thursday.
- 6 Greek islands lose sales tax break Updated: Oct-01-15 8:56 am
NAXOS, Greece - It doesn't have the glitz and glamour of nearby Mykonos, nor Rhodes' steady stream of European charter flights disgorging package tourists. The island of Naxos, with its inland verdant mountains and kilometers of sandy beaches, is considered more a quiet family holiday destination as well as a producer of top agricultural products, including its famed cheese.
- Root of investor anxiety: Uncertainty about China and Fed Updated: Sep-30-15 6:31 pm
Fears about China's slowdown and a coming U.S. interest rate hike have sent global stock markets into a fidgety freefall.
- IMF chief says global economy likely to be weaker this year Updated: Sep-30-15 2:00 pm
WASHINGTON - The head of the International Monetary Fund said Wednesday that global growth will likely be weaker this year as the world economy confronts a host of problems, including a refugee crisis in Europe, an economic slowdown in China and a pending rise in U.S. interest rates.
- Spanish central bank says economy keeps up growth in Q3 Updated: Sep-30-15 7:04 am
MADRID - The Bank of Spain says strong domestic demand helped the economy grow 0.8 percent in the third quarter, its ninth consecutive quarterly growth figure.
- Glencore insists no solvency issues, shares spike higher Updated: Sep-29-15 12:19 pm
LONDON - Commodities group Glencore insisted Tuesday it's not facing solvency issues, a day after its shares fell by nearly a third amid concerns over its ability to service sky-high debts at a time when many commodity prices are at multi-year lows.
- US consumer confidence rises again in September Updated: Sep-29-15 11:00 am
WASHINGTON - American consumers were feeling more confident again this month, good news for the U.S. economy.
- Glencore share price plunges amid commodity market concerns Updated: Sep-28-15 1:12 pm
LONDON - Commodities group Glencore saw its share price plunge by around a third on Monday as concerns mounted over its ability to service its sky-high debts at a time when earnings are battered by low commodity prices.
- Argentine voters focused on economy, not corruption Updated: Sep-28-15 10:29 am
BUENOS AIRES, Argentina - The corruption allegations against several top government officials are stunning: The convicted killer of three men alleges that the Cabinet chief ordered the hit, the vice president is being tried for bribery and authorities are investigating a possible money laundering scheme at a luxury hotel owned by President Cristina Fernandez.
- Spain: Pro-secession parties in Catalonia win landmark vote Updated: Sep-27-15 8:14 pm
BARCELONA, Spain - Pro-secession parties pushing for Spain's northeastern Catalonia region to break away and form a new Mediterranean nation won a landmark vote Sunday by capturing a regional parliamentary majority, setting up a possible showdown over independence with the central government in Madrid.
- Sheila Bair inaugurated as president of private Md. college Updated: Sep-26-15 4:56 pm
CHESTERTOWN, Maryland - Sheila Bair, who was the chairwoman of the Federal Deposit Insurance Corp. during the 2008 financial crisis, has been inaugurated president of Maryland's Washington College, a private liberal arts school.
- Spain: Radical party likely kingmaker in Catalonia secession Updated: Sep-25-15 9:13 am
BARCELONA, Spain - A radical left party has made a startling journey from colorful oddity to potential kingmaker in Catalonia's independence drive.
- Tsipras pledges to lead Greece out of crisis by 2019 Updated: Sep-25-15 7:59 am
ATHENS, Greece - Greece's newly re-elected prime minister pledged Friday to fast-track negotiations with international bailout creditors so the country can be in a position to get some much-needed debt relief.