Oil bounces back above $90 per barrel Updated: Thu, May 24, 2012 Oil bounced back Thursday, a day after falling below $90 per barrel for the first time in months. Read More

Eurozone is warned of 'severe recession' risk Published: Wed, May 23, 2012 The 17-country eurozone risks falling into a “severe recession,” the Organization for Economic Cooperation and Development warned Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging down the global economy. Read More

Greek, European debt crisis Published: Tue, May 15, 2012 Europe's debt crisis risks spiraling out of control. And in today's interconnected global economy, Greece's troubles, as well as those of Spain and Italy, could over time become a headache for all of Europe and by extension the rest of the world, including the U.S. Read More

Oil price drops to lowest point of 2012 Published: Tue, May 8, 2012 The price of oil hit its lowest level of the year Monday after election results in Europe appeared to jeopardize the region's plan for recovery. Read More

Ireland going for international bailout Published: Sun, Nov 21, 2010 DUBLIN (AP) — After weeks of denying it needed a bailout, Ireland Sunday became the second European country to ask for a multibillion euro emergency loan to help stabilize its debt-ridden banks. Other eurozone countries and the European Central Bank had pushed Dublin to accept help after anxiety over... Read More

Wave of Uncertainty Takes Toll on Market Published: Tue, Jun 1, 2010 The stock market had been in a bullish uptrend since the Dow hit a low of 6,745 in March 2009. The popular benchmark had regained 80 percent of its losses, crossing above 11,000, amid good corporate earnings reports and economic statistics pointing toward a recovery. Read More

Europe bank hikes key rate Updated: Fri, Jun 9, 2006 MADRID, Spain - The European Central Bank raised its key interest rate by a quarter percentage point to 2.75 percent Thursday in a move aimed at keeping inflation at bay and raised the lower end of its economic growth forecast for the 12 countries that use the euro. The rate hike had been widely expected, although... Read More