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

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

Stocks tumble after gov't unveils financial plan Updated: Tue, Feb 10, 2009 NEW YORK (AP) -- Investors are frustrated with the government's latest bank bailout plan - and showing it by unloading stocks. The major stock indexes fell more than 4 percent Tuesday, including the Dow Jones industrial average, which tumbled 382 points. Financial stocks led the market lower, a sign of how... 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

Markets tumble in Europe, Asia Updated: Fri, Jun 9, 2006 TOKYO - Stock markets in Asia tumbled to their lowest levels in months Thursday and European shares also declined amid anxiety that interest rates hikes in both Europe and the United States will slow global economic growth. Japan's benchmark Nikkei 225 index tumbled 3.07 percent to 14,633.03 points, its lowest in... Read More