US lawmakers abandon efforts to rein in ballooning debt
US lawmakers have abandoned efforts to rein in debt in a sign that Washington will be unlikely to resolve the tax and spending dispute before 2013.
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Wall Street protesters disgusted with both parties
Wall Street demonstrators in the US say politicians from both major parties are to blame for policies they say protect corporate America.
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Hope floats as US jobless claims less than expected
A US report hinted at an improvement in labour market conditions after unemployment benefit claims rose less than expected last week.
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Greek crisis could spark exodus like WWII aftermath
Many Greeks, their lives ravaged by the debt crisis, are thinking of emigrating like hundreds of thousands who left for foreign shores after WWII.
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Stocks take another dive on Greek default fears
Stocks slid again as Europe struggled to contain a debt crisis in Greece that is threatening to plunge the continent back into recession.
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US's Operation Twist hammers world markets
A grim outlook for the US economy from the Federal Reserve and signs of a slowing in China and Germany has sent world stocks tumbling.
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Gordhan: Brics to consider euro bonds plan
A meeting of emerging economies will consider a Brazilian proposal to buy European bonds to help crisis-hit eurozone countries, Pravin Gordhan says.
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Rand tumbles, tipped to hit R8/dollar
The rand tumbled nearly 3% to hit 16-month lows against the dollar as importers piled into the greenback, spooked by a recent trend of sharp declines.
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Sub-Saharan Africa might feel Europe, US pinch
Sub-Saharan Africa could maintain its economic expansion in the near term, but faltering US or European recovery could threaten trade, says the IMF.
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Our efforts are undermined, says Greece minister
Stavros Lambrinidis says Greece's fiscal adjustments made since revealing its debt and deficits two years ago were being undermined by stereotypes.
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