The world breathed a collective sigh of relief this afternoon when Greece closed a bond swap offer to private creditors after clearing the minimum threshold of acceptance to push the deal through...
Households have focused on rebuilding their net worth since the housing bubble popped, but new data suggests Americans are growing more comfortable with borrowing money, which could give rise to higher consumer spending...
The European Central Bank held its benchmark interest rate at 1.0 percent on Thursday, as expected, taking a step back to assess how the bank's measures have impacted the euro zone's economic outlook...
Though initial jobless claims rose last week, the increase was not significant enough to change perceptions that the labor market continues to improve...
Wary of concerns regarding future inflation, the Federal Reserve is mulling a non-traditional approach to the possible scenario of more asset purchases.
Americans borrowed more than expected in January to spend on education and automobiles, giving the economy a confidence boost...
Greece's largest banks, most of the country's pension funds, and more than 30 European banks and insurers have indicated they'll take part in the biggest sovereign restructuring in history...
Mario Draghi is widely expected to announce the European Central Bank has decided to leave the key lending rate unchanged at 1 percent when he holds his monthly news conference on Thursday...
The Greek Debt Management Agency said bondholders won't get a better deal than the one currently being offered and warned that if it finds enough support, it will force losses on investors who won't step up to participate...
Europe's economy contracted in the fourth quarter as exports and consumer spending declined and investors pulled out of equities...
The U.S. service sector, which accounts for two-thirds of the country's economic activity, grew at its fastest pace in a year during February...
U.S. factory orders fell in January for the first time in three months due the expiration of a tax credit for businesses, which resulted in a reduction in capital goods orders...
The trial of Iceland's former prime minister for negligence leading to the 2008 financial crisis began today in the capital city of Reykjavic...
Spain is trying to soften its deficit target for 2012 in a move that would undermine the credibility of a just-signed fiscal treaty meant to hold euro-zone members to tighter budget discipline...
All but two European Union countries signed a treaty for stricter budget discipline and enforcement for the euro zone on Friday...