Gold pared some of Monday's losses by midday in Europe but was still on course for its largest monthly slide in three years, as investors scrambled for cash in the face of mounting fear over the impact of a potential Greek debt default.
Stock index futures rose on Monday on hopes European policymakers were putting together new measures to help ease the region's debt crisis, but the lack of clarity on their potential effectiveness was seen keeping markets volatile.
Copper slumped to a 14-month low on Monday, adding to sharp falls from the last three weeks, as fears of a Greek debt default and the threat of a global recession sparked heightened concerns about demand for industrial metals.
European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.
European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.
Iran's President Mahmoud Ahmadinejad will arrive in Sudan late on Sunday for talks expected to focus on boosting political and economic ties between the two allies, Sudanese officials said.
A group of five leading emerging economies that has banded together to increase their global clout is again struggling to find common ground.
Young people across the globe are having more unprotected sex and know less about effective contraception options, a multinational survey revealed on Monday.
Finance chiefs from the Group of 20 nations and the 187-country International Monetary Fund met from Thursday to Sunday.
The global economy was supposed to be better by now.
People who eat fish a few times each week are slightly less likely to suffer a stroke than those who only eat a little or none at all.
European policymakers, stung by criticism for failing to stem the euro zone debt crisis, face the tough task of quickly stopping fallout from Greece's near-bankruptcy from spreading into the world economy.
Stuntman Jeb Corliss successfully completed a high-risk wingsuit dive through a 100-ft. wide arch in China's Tienman Mountain on Saturday.Corliss jumped from a helicopter 6,000 feet above the ground, and raced through the air at high speed towards a perilously narrow gap in the mountain. An expectant crowd gasped and cheered as the 35-year old made it through with room to spare.An earlier attempt was aborted after the smoke canisters on his wingsuit malfunctioned. The suit allows him ...
China's economic outlook is positive, but it must keep battling inflation and be ready to counteract any external shocks, the country's top central banker said on Saturday.
Europe is working to ramp up the firepower of its bailout fund, top officials said on Saturday, as the United States, China and other nations raised the alarm about its debt crisis hurting the world economy.
Even as G-20 leaders grapple with the global financial crisis, a larger, over-arching concern is limiting GDP growth in the U.S., and, to a lesser degree, in other developed economies and, by extension, decreasing the capacity of the these nations to counteract the crisis: inadequate wage growth.
The following are highlights of comments by finance ministers and central bankers in Washington this week for meetings of the Group of 20 and the semiannual meetings of the International Monetary Fund and World Bank.
China's economic outlook is positive, but it must keep battling inflation and be ready to counteract any external shocks, the country's top central banker said on Saturday.
The freed slaves are reportedly between the ages of 16 and 24.
Apple already has more than 100 resellers in Hong Kong and plans are underway to open a second retail location next year.
For the third Beijing International Polo Open Tournament, luxury watch-maker, Piaget, has been announced the official timekeeper of the event.
The European Union will make a clear decision about boosting the capital of the European Financial Stability Fund before the next Group of 20 finance ministers meeting in mid-October, said Chinese Deputy Minister of Finance Zhu Guangyao.
