Canadian job creation seen sharply lower in December

OTTAWA (Reuters) - Canada's job market is expected to slow markedly in December to reflect the sluggish economy and employers' fears about the U.S. fiscal crisis following outsized gains of over 50,000 jobs in two of the previous three months.

Italy Sells Bonds as Borrowing Costs Hold Near Two-Year Low

Italy sold 5.9 billion euros ($7.8 billion) of bonds today with rates holding near the lowest in two years amid optimism caretaker Prime Minister Mario Monti will play a role in the next government.

Back To The Economy Of The '90s? Not So Fast

Throughout the debate over taxes and the "fiscal cliff," there's been a lot of looking backward — to the 1990s. The economic expansion of the 1990s was the longest in recorded American history.

Turkey Central Bank Unveils New Tool to Limit Bank Debt Risk

Turkey’s central bank announced a new policy tool today to limit risks of excessive debt in the banking system by placing higher reserve requirements on banks that fail to meet specified leverage ratios.

Fragile Egypt economy overshadows Mursi's vote win

CAIRO (Reuters) - Egyptian President Mohamed Mursi will have little time to savour victory in pushing through a new constitution as it may have cost the Islamist leader broader support for urgent austerity measures needed to fix the creaking economy.

U.N. Security Council authorizes military mission in Mali

United Nations (CNN) -- The United Nations Security Council on Thursday authorized a military peacekeeping mission in Mali to help the once-stable country retake its vast northern region from Islamist rebels.

North Korea leader urges development of bigger rockets

SEOUL: North Korean leader Kim Jong-Un has ordered the development of bigger rockets, state media said Saturday, after Pyongyang sparked international condemnation with a long-range rocket launch.