Europe stocks soar on hopes for debt-crisis action

MADRID (MarketWatch) — European stock markets soared on Monday after media reports indicated that the region’s leaders were making progress in addressing the region’s debt crisis.

Germany, France press coercive euro zone debt rules

BERLIN/BRUSSELS (Reuters) - Germany and France stepped up a drive on Monday for coercive powers to reject euro zone members' budgets that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.

BCC Cuts U.K. Economic Growth Forecasts, Sees Recession Risk

Nov. 28 (Bloomberg) -- The British Chambers of Commerce cut its U.K. economic growth forecasts and said the risk of another recession “cannot be shrugged off,” predicting the Bank of England will add to its bond-purchase plan early next year.

Stocks fall on spread of Europe debt woes to Belgium

NEW YORK (AP) – Stocks edged most lower in a shortened trading session Friday as the major indexes ended their worst week since September.

Economy Forward: The Prospect of Recovery

It's probably safe to say most Americans feel mired in the mess of the Great Recession. Families and small businesses continue to struggle.

Do UK banks face another mis-selling scandal?

Are Britain's banks on the cusp of another mis-selling scandal?

No Relief for Europe's Bonds

A selloff in euro-zone bonds continued on Monday, as investors shrugged off the election of a fiscally conservative government in Spain and continued to clamor for bold action by European policy makers.

Economists See Modest Growth Next Year

The U.S. economy will muddle through the next year without a recession, but growth will be too weak to make much of a dent in the unemployment rate, forecasters believe.

Slow Economic Recovery Expected For Hawaii

HONOLULU -- Hopes for a faster recovery are being dampened by the worldwide economic woes. But the good news is, Hawaii's economy is expected to see some growth.

Forecast: New England faces slow economic recovery

New England will continue to experience a slow economic recovery until well into 2013 due in part to weaknesses in the national and global economies, an economic forecaster said Thursday.

Blinder discusses solutions to worldwide economic ‘mess’

Economics professor Alan Blinder ’67 presented a public lecture on the economic downturn and potential recovery on Monday night titled “Storm Clouds Rising: Are There Ways Out.”

Japan economy expands for first time in 4 quarters, but boom already slowing

TOKYO — Japan’s economy grew for the first time in four quarters in a comeback from the earthquake and tsunami disaster that already faces multiple global headwinds.

Global Office Value, Rent Growth Slows on Economic Uncertainty, CBRE Says

A recovery in global office values and rents is slowing as sovereign debt concerns in Europe and lingering economic worries in the U.S. take their toll on investors around the world, according to real estate services firm CBRE Group Inc.

Spain's feeble recovery falls flat before election

Spain's feeble economic recovery petered out in the third quarter of 2011, official figures showed on Friday, stoking recession fears just nine days before a general election.

Europe's economy on verge of recession

Europe is dangerously close to falling into another recession as economic growth has all but come to a standstill, the European Union said Thursday.

Silvio Berlusconi vows to resign as Italy's prime minister

ROME - Italian Prime Minister Silvio Berlusconi is to resign after parliament passes crucial economic reforms aimed at stabilizing Italy’s economy.

Silvio Berlusconi humiliated in parliamentary vote

Italian Prime Minister Silvio Berlusconi suffered a huge humiliation in parliament today in a vote that indicated he no longer had a majority and ratcheted up pressure for him to resign.

‘To big to fail’ banks named

At the Cannes summit of the world’s leading economies, 29 banks have been named as being so important to the global financial system that they are likely to need to hold more capital reserves than their rivals.

Wall Street Set to End the Week Down

Stocks were lower in Europe and on Wall Street on Friday as the Group of 20 nations ended a summit meeting with little apparent headway in resolving Europe’s debt crisis.

Greece Blinks on Euro Threat

Greece's leadership struggled to restore political stability to the country and safeguard its membership in the euro zone, as global powers gathered in France looked for ways to halt the spiraling European debt crisis.

MF Global chief Corzine won't see golden parachute

MF Global head Jon Corzine is technically eligible to get a $12 million compensation package if he leaves the firm, but analysts say he'll be at the bottom of a long list of people trying to get money from the bankrupt company.

The Global Note: Athens, We Have A Problem…Drinking Fukushima Water…the Babushka Contest

Just when we thought the Euro-mess had been dealt with, or at least contained after last week’s deal on a Euro-bailout, now comes a thunderbolt from Athens.

Saying goodbye to your bank

Bank of America's recent move to slap customers with a $5 monthly fee to use their debit cards has unleashed a torrent of ill will against the nation's financial giants. Fed up with enriching executives and shareholders, some account holders are vowing to shift their business to smaller banks or neighborhood credit unions.