G-20 finance officials begin global economy talks
Source: msnbc.com
Finance officials from leading advanced and emerging countries began three days of talks Thursday on reshaping the global economic system to prevent debilitating crises like the one that took the world to the brink of a depression in 2008.
World markets up amid US employment hopes
Source: msnbc.com
World stock markets rallied hard Thursday as investor sentiment was boosted by a strong set of U.S. housing data and hopes about a pickup in the pace of U.S. jobs creation.
Oil prices climb as monthly jobs report looms
Source: msnbc.com
Oil prices rose slightly on Wednesday as investors began to place bets ahead of Friday's monthly jobs report that figures to provide fresh clues about the strength of the rebounding economy and demand for oil.
Buffett defends rating agencies for missing crisis
Source: msnbc.com
Billionaire investor Warren Buffett on Wednesday defended credit rating agencies that gave overly positive grades to mortgage-related investments before the housing bust. He said the agencies were among many who missed warnings signs of the crisis.
World markets fall amid China, Europe jitters
Source: msnbc.com
World stocks fell Tuesday amid news China's manufacturing slowed in May and as investors fretted Europe's shaky government finances could undermine the global economic recovery.
Spain presses for labor market reform deal
Source: msnbc.com
The Socialist government pressed unions and management on Monday to agree this week on labor reforms so Spain can resurrect its moribund economy and reassure markets worried about the country's ability to post growth and pay off debt.
Fed chief sees delicate dance ahead
Source: msnbc.com
The delicate task ahead for the Federal Reserve and other central banks is deciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis, Fed Chairman Ben Bernanke said Sunday.
Weaker euro could boost European economy
Source: msnbc.com
If it happens gradually enough, the slide in the euro's exchange rate could help exports and provide the boost Europe's troubled economy needs.
Indebted Greece still faces arms purchases
Source: msnbc.com
Turkish fighter jets streak past remote Greek islands, shattering the calm of sleepy villages and alarming residents and beach-going visitors alike. Greek warplanes are scrambled to intercept them, fighting mock air battles over the Aegean Sea.
Minimal impact expected from oil line shutdown
Source: msnbc.com
Energy analysts don't expect a temporary shutdown of the trans-Alaska pipeline system due to an oil spill this week to have much effect, if any, on crude prices and gas supplies.
Geithner: US, Europe broadly agree on reform
Source: msnbc.com
The U.S. and Europe broadly agree on the need for reform of the financial system, but global cooperation is needed, Treasury Secretary Timothy Geithner said Thursday. He also said countries are working together to balance cutting back deficits with supporting economic growth.