Global Financial Crisis | featured news

Investors booked gains on last week’s rally and turned cautious about claims that the global economy is past the worst and ready to recover.

May Day protesters clashed with riot police in Germany, Turkey and Greece on Friday while thousands angry at the government's responses to the global financial crisis took to the streets in France.

Finance chiefs from the G7 powers said on Friday the global economy may be pulling out of the depths of a recession although recovery was not yet assured, and they pledged to make certain big financial firms are sound.

Overseas aid and loans are one way Beijing is wielding its new role as a global financial leader.

The International Monetary Fund on Wednesday slashed growth forecasts for every major country and urged governments to take forceful action to ensure the world economy's recovery from a severe recession.

The US carries a 'substantial' share of the blame for the economic crisis, says Treasury Secretary Timothy Geithner.

Leaders of the world's largest economies reach an agreement on how to tackle the global financial crisis.

Finance officials from rich and developing countries pledged to boost the role of the International Monetary Fund and make a "sustained effort" to restore global growth after a key conference that sought to bridge deep divisions on how to tackle the financial crisis.