Moody's downgrades EU rating outlook to 'negative' Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc's key budget contributors.
Judgement day looms for euro When the history books come to be written about the euro, September 12, 2012 could well prove one of the most significant dates in the life of the embattled single currency.
03 September 2012
Winds of crisis blow through Venice film festival For all the glamorous seaside partying at the Venice film festival, there is a distinct air of austerity at this year's edition for an industry that is questioning its economic future.
03 September 2012
Bernanke signals desire for more Fed stimulus US Federal Reserve Chairman Ben Bernanke expressed deep worry over the US economy Friday and argued for fresh action to stimulate growth from the central bank.
Moody's holds Spain rating pending eurozone moves Moody's said Thursday that it would hold its review of Spain's credit rating until late September as it waits for more clarity on the European Stability Mechanism and moves for a eurozone banking union.
01 September 2012
Angola votes in second peacetime polls Angola votes Friday for only the second time since its civil war ended a decade ago, with the incumbent ruling party expected to sweep the polls.
28 August 2012
Moody's upgrades S. Korea credit rating Ratings agency Moody's Investors Service Monday upgraded South Korea's sovereign credit rating, citing strong fiscal fundamentals and resilience to external economic shocks.
28 August 2012
Merkel: 'every day' counts for Greece's austerity steps German Chancellor Angela Merkel on Sunday warned that "every day" counts in efforts by debt-wracked Greece to comply with its commitments and safeguard its eurozone membership.
28 August 2012
Brazil cracks down on cocaine trafficking in border areas Faced with rising cocaine consumption linked to economic prosperity, Brazil is cracking down harder on trafficking along its borders with three top neighboring coca leaf producers: Bolivia, Peru and Colombia.
27 August 2012
Superstition thrives in modern Singapore Whenever Christina Tang is overseas and returns to her hotel room, she always knocks on the door before entering even if she is the only occupant.
26 August 2012
Australia sees China chance in Chevron gas exit Australian officials on Tuesday welcomed Chevron's decision to bow out of Woodside Petroleum's massive Browse liquefied natural gas project as a chance for Chinese investors to buy in.
22 August 2012
Berlin douses hopes of quick euro crisis fix Germany on Monday dampened hopes for powerful action from the European Central Bank to fix the euro crisis and slapped down speculation of an immediate breakthrough on debt-wracked Greece.
Eurozone fears shadow Merkel's arrival in Canada German leader Angela Merkel held talks Wednesday with her Canadian counterpart on a first-ever bilateral visit shadowed by eurozone fears and Ottawa's refusal to wade into relief efforts.
16 August 2012
Asian economies most at risk from natural disasters Asian countries dominate a league table of economies most at risk from earthquakes, floods, storms and other natural hazards, according to research published on Wednesday.