OECD issues stark warning on global economy

PARIS (AP) — The Organization for Economic Cooperation and Development said Monday policy makers around the world must "be prepared to face the worst," as the economic impact of Europe's debt crisis threatens to spread around the developed world.

Stocks, Commodities Advance on Europe Outlook, U.S. Retail Sales

Nov. 28 (Bloomberg) -- Global stocks rose for the first time in 11 days and commodities and the euro advanced as European leaders drafted a framework for the region’s bail-out fund and America’s Thanksgiving retail sales jumped to a record. Treasuries declined.

Singh Opens Economy to Spur Rupee as 10% Drop Seen: India Credit

Nov. 28 (Bloomberg) -- Prime Minister Manmohan Singh is taking further steps to open up India’s economy to support the rupee as HSBC Holdings Plc and CLSA Asia-Pacific Markets predict the currency may slide another 10 percent.

European debt crisis escalates in Italy as rates rocket

MILAN (AP) – Italy's borrowing rates skyrocketed during bond auctions Friday, initally battering stock markets in Europe as the continent's escalating debt crisis laid siege to the eurozone's third-largest economy.

Hungary Credit Rating Cut to Junk at Moody’s

Hungary must redouble efforts to obtain International Monetary Fund aid and the central bank should raise rates to ease financing risks after Moody’s Investors Service cut the country’s credit grade to junk, said fund managers from Budapest to London.

High executive pay 'corrosive' to the UK economy, report warns

Government action to curb boardroom pay becomes more likely as an influential group with the ear of the business secretary, Vince Cable, publishes proposals to reduce the pay gap.

US panel says yuan is a threat to dollar's dominance

The yuan could threaten the US dollar's dominance as an international reserve currency an independent committee set up by the US congress has warned.

Exports could give economy £20bn lift, says CBI report

he government should reorientate the UK economy towards exports, which could add £20bn to the UK economy by 2020, business group the CBI has said.

Supercommittee likely to admit defeat on debt deal

The congressional committee tasked with reducing the federal deficit is poised to admit defeat as soon as Monday, and its unfinished business will set up a year-end battle over emergency jobless benefits and an expiring payroll tax holiday.

IMF to Wait for Political Support for Greek Funds

The International Monetary Fund won’t release the next tranche of funding for Greece under a 110-billion euro ($148 billion) package with the European Union until there is broad political support for the measures attached to the loan, a spokesman said.

OECD warns that global economy is slowing

The Organisation for Economic Co-operation and Development (OECD) says that every economy it monitors suffered a slowdown during September.

German Economy Shines As Euro Loses Luster

As the debt crisis in Europe deepens, Americans may be feeling sorry for Germany.

Leaders: Asia-Pacific free trade vital to recovery

KAPOLEI, Hawaii (AP) — Opening markets to freer trade is crucial to a lasting global economic recovery, Asia-Pacific leaders agreed Sunday as they wrapped up a summit that produced tangible progress toward a U.S.-backed regional trade bloc.

Markets rise but contagion fears spread to Spain

Political progress in Italy and Greece pushed stock markets higher but economists warned of stormy weeks ahead as attention turned to Spain amid fears it could be the next economy to come under the spotlight.

Near Pacific summit site, reminder of U.S. security role

The wealthy nations attending the Asia-Pacific Economic Cooperation summit in Hawaii may fight over trade, but they've avoided serious armed conflict for decades, and the U.S. Pacific Command aims to keep it that way, even as it copes with budget pressures and a surging China.

Russia, China laud their economic bloc

MOSCOW (AP) — The member states of a security pact dominated by Russia and China pledged Monday to boost their financial and energy cooperation, despite the global economic slowdown.

Greek leaders labour to agree on new premier

ATHENS: Greek party leaders laboured on Tuesday to agree on a new prime minister, with the rest of the nation and the EU clamouring for an immediate deal on a unity coalition to save the country's finances and end the chaos threatening the euro.

Don't count on China to rescue Europe: ex-lawmaker

China is willing to help Europe -- its largest export market -- to deal with its debt crisis and get back on a recovery path, but there are limits to what it can actually deliver, Cheng Siwei, a former top Chinese lawmaker, said on Saturday.

Early Economic Projections Could Haunt Obama in 2012

A year out from Election Day: an eon in political time, sufficient to alter circumstances substantially for or against either party.

Will G-20 Counter Power of Uncertainty?

By Alexander Mirtchev

In 2009, G-20 leaders met in Pittsburgh and emerged with a mandate ‘to be the premier forum for international economic cooperation,' endowing the G-20 with a leading economic role on the global stage. It appeared at the time that the leaders of the G-20 had successfully defeated pessimism. However, the rising tide of global economic turmoil and problems ranging from sovereign indebtedness to consumption and saving imbalances have created a ‘perfect storm' that is far from abating.

G-20 Ends Without a Deal

The European Union had hoped to come to a meeting of the Group of 20 large economies here with a grand plan to rescue the euro zone from its debt crisis, and to leave with the firm support of its international peers.

Industrial metals rise on earnings

Industrial metals prices closed higher Wednesday as strong corporate earnings and an increase in payrolls made investors more optimistic about the U.S. economy.

Eurozone debt crisis: Markets dive on Greek referendum

US and European markets have fallen following Monday's announcement of a Greek referendum on the latest aid package to solve its debt crisis.

Market finally seen entering the bull phase: Deepak Mohoni

The market participated whole-heartedly in last week's global rally, with the Sensex surging 6.07% or 1,019.16 points, and the Nifty shooting up 6.15%. The CNX Midcap Index gained a relatively modest 3.31%.