Can Europe's markets climb through the slump?

NEW YORK (AP) — The big worry a year ago was that Greece would collapse under its debts, upend Europe's markets and set off a global financial crisis.

Canada economy shrinks in August, clouds outlook

OTTAWA (Reuters) - The Canadian economy shrank in August for the first time in six months, an unexpected contraction that pointed to a sharp slowdown in third-quarter growth and reinforced the Bank of Canada's message that interest rate hikes are less imminent.

World Bank Sees Long Crisis Effect

WASHINGTON—The European debt crisis could weigh on the world economy for years, forcing policy makers to rethink their approaches to restoring growth and boosting job creation, the World Bank's new chief economist said in an interview Monday.

Iran-fueled oil price spike biggest threat to economy

NEW YORK (CNNMoney) -- An oil price spike caused by a confrontation with Iran is now seen as the biggest threat to the U.S. economy.

High fuel prices threaten airline sector, IATA warns

GENEVA: The airline industry group IATA cut back its 2012 profit forecast for the airline sector to $3.0 billion (2.3 billion euros) from $3.5 billion on Tuesday, as tensions in the Gulf push fuel prices up.

Fed officials signal more action may be needed

VANCOUVER, Wash/WOOSTER, Ohio (Reuters) - Federal Reserve officials on Tuesday signaled more help for the U.S. economy may be necessary despite recent data that suggested the recovery was picking up steam going into 2012.

U.S. debt is now equal to economy

WASHINGTON – The soaring national debt has reached a symbolic tipping point: It's now as big as the entire U.S. economy.

Global Economy, U.S. Markets: Forecasts, Challanges

NEW YORK -- During November we experienced a huge interruption in the rally begun in October. However, the rally in the equity markets around the world and in risk assets in general resumed, as central bank coordination was announced.

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.

German Economy Shines As Euro Loses Luster

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

World powers seek to contain Europe debt crisis

WASHINGTON — Global finance officials pledged on Saturday to take bolder moves to confront a European debt crisis that threatens to plunge the world into another deep recession. But sharp disagreements about exactly what to do can't offer much reassurance to markets rocked by uncertainly in recent weeks.

The United States and other countries outside of Europe fear the economic fallout at home from the European crisis. They are raising the pressure on Europeans to settle their differences and agree on a plan to rescue heavily indebted European countries.

Finance ministers seek global economic solutions

The European debt crisis threatening the global economy with recession kept finance ministers and central bankers busy seeking ways to reduce the risk of events tumbling out of their control.

Under pressure from skeptical financial markets to produce results, the ministers sought to push forward with a program in which the Group of 20 major economies take steps to achieve their ambition of strong, stable balanced growth while wavering over helping Greece avoid a destabilizing default.