ECONOMY & MARKETS

Shareholders and junior bondholders are going to have to take a hit before they can get a taxpayer-funded bailout.

The head of the world's most powerful central bank said that despite job growth, the economy still needs help from the Fed.

India and China plan to boost trade even as India seeks a bigger share of the Chinese market to narrow its yawning trade deficit.

Wolin said the IRS' targeting of conservative groups is “absolutely unacceptable and inexcusable.”

Italy, Spain, Portugal and Greece's account balances are heading toward pre-crisis levels, thanks to improved trade imbalances.

Two important summits are coming up this year where Europe-based tax evasion and fraud will surely take center stage.

Traffic on Mount Everest has been building over the past few years. Today, the place is hardly recognizable.

About 40,000 Kenyan guest workers currently live in the UAE, primarily in the construction, hotel and travel industries.

Chinese Premier Li Keqiang’s visit to India prompts the media to see a benign future for Indo-China relations. The Indian public remains wary, an independent survey says.

Abenomics is an expansionary monetary policy, increased fiscal spending and structural changes - and Europe can learn from it

China’s trade surplus is only a tenth of the $61 billion reported so far this year after accounting for fake transactions, Bank of America Corp. says.

Despite global decreases in foreign investment, Latin America received more money than ever. Which countries got the most?

About half the rice tested in China's third-largest city had high levels of a toxic metal that damages organs and causes cancer.

A Bangladeshi garment factory is continuing to produce Wrangler shirts despite being banned by Wal-Mart, according to a Reuters report.

The Wall Street titan has been slowly reducing its stake in the bank and now hopes to sell what remains for about $1.1 billion.

Fading inflation fears, among other factors, have weighed on both precious metals.

The U.S. Federal Reserve chairman delivered an address centered on "Economic Prospects for the Long Run," and here's what he had to say.

American households currently owe $11.23 trillion. Find out what they're doing with the money they've borrowed.

Credit rating agency Standard and Poor's (S&P) on Friday reiterated its negative outlook on India's BBB- sovereign rating.

Data on manufacturing in Germany, France and the rest of the euro zone will cast light on its record-long recession.

President Xi Jinping's austerity measures have hurt high-end restaurants in Beijing, some of which are facing losses unseen since the 1970s.

Yemen, where unemployment is high, is seeing its remittances from rich Saudi Arabia dry up as the latter gets tough on illegal workers.

The Great Recession hurt a lot of people, and this loss of wealth will follow millions into retirement, according to a recently released report.

China has over-reported its exports for the last five months, and its economy is growing much less than widely believed.

Consumer sentiment rose to 83.7 from April's 76.4, according to a Thomson Reuters/University of Michigan index.

The number of homeless people in Greece has surged by 25 percent since 2009.

A record-high number of graduates, combined with an economy in a slowdown, is bad news for China's Class of 2013.

Nigerian armed forces have launched raids against Boko Haram Islamist militants in the north-east, officials said on Thursday.

Fitch Ratings has upgraded Greece's top banks' long-term issuer default ratings.