Global Economy | featured news

A letter in advance of a G-20 meeting warned of economic relapse if stimulus programs are withdrawn, and hinted that China’s currency remains too weak.

The European Commission on Monday outlined the potential new measures it is considering to ensure that short-selling of stocks and bonds doesn't destabilize financial markets or national economies.

The pace of China's factory output eased last month as gradual policy tightening took a toll on new orders, suggesting to some economists that Beijing will take its time before nudging interest rates higher.

Fitch cut Spain’s credit rating, saying that the country’s debt will probably weigh on the country’s growth.

Shares rose as Chinese officials said Europe would remain one of their most important markets for investment.

Spain's governing Socialists won approval for a 15 billion euro ($18.4 billion) austerity package by just one vote on Thursday, avoiding a defeat that would have rattled markets and potentially brought down the government.

The Dow Jones industrials plunged below 10,000 Tuesday after traders dumped stocks on worries about the global economy and tensions between North and South Korea.

A raft of monthly economic data early next week could show that China's growth momentum is starting to peak, some economists say, as the impact of stimulus spending wears off and Beijing steps up its efforts to rein in property speculation and other excesses.

Stocks are plunging as investors give in to fears that Greece's debt problems will spread and halt the global economic recovery.

Greece reached agreement with the European Union and the International Monetary Fund on rescue loans to keep Athens from defaulting on its debts, a deal that will impose harsh cuts on the county's 11 million people for years.