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China, Brazil forge currency swap deal
Jun 22, 2012
With consumer demand still sluggish in the U.S. and Europe, China is looking elsewhere for new customers to places like Brazil. In fact, this week China and Brazil agreed to a landmark deal that avoids using the U.S. dollar.
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How central bank tactics stack up
Jun 21, 2012
The U.S. Federal Reserve says it will continue holding interest rates down the rest of the year through its "Operation Twist" -- swapping short-term securities for long-term ones. But the economic crisis is global, and ours is not the only central bank that's worried about stoking economic growth.
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Russian ship with helicopters for Syria turns around
Jun 20, 2012
The U.S. and Europe are focused on diplomacy and sanctions to stem violence in Syria -- and perhaps force the current regime from power. One problem is Russia's alleged supply of arms to the government there. But Western diplomats have discovered a vulnerability: every weapons-carrying ship has to carry insurance.
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Some stability comes with Greek election results
Jun 18, 2012
The Greek election result has so far brought modest relief to financial markets around the world. A victory by the New Democracy party suggests Greece is not headed for a quick and messy exit from the euro.
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French Socialist Party wins majority in parliament
Jun 18, 2012
Voters in France this weekend gave President Francois Hollande's Socialists a solid majority in the lower house of parliament, complementing their majority in the upper house and thus, complete legislative power in the government.
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Spain gets a short term fix in euro bailout
Jun 11, 2012
European leaders agreed to bail out Spain's banks to the tune of $125 billion over the weekend. Spanish banks were hemorrhaging cash ahead of this weekend's crucial election in Greece -- that could lead to a Greek exit from the euro.
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Spain avoids government bailout with bank rescue
Jun 11, 2012
Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.
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One animal's waste is another man's treasure
Jun 8, 2012
Here in the United Kingdom, retail giants like Wal-Mart and grocery store chain Tesco are food waste into green energy.
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Uncertainty lingers in Spain after bond auction
Jun 7, 2012
Spain raised $2.6 billion in a bond sale this morning, but the higher interest rate of 6.1 percent shows that investors are still concerned that Spain has not wiped their hands clean of the financial mess just yet.
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G7 leaders to hold emergency conference call
Jun 5, 2012
Finance ministers from the world's seven leading industrialized nations are holding an emergency conference call today to discuss the eurozone crisis.








