Emerging-Market Stocks Slide as G-20 Rebuffs Europe Aid

Emerging-market stocks fell from near a seven-month high as the Group of 20 nations declined to boost international resources to aid the euro area, increasing concern that Europe’s crisis will slow the global economy.

Germany’s Crisis Role in Focus After G-20 Rebuffs Call for Help

Feb. 27 (Bloomberg) -- Germany was left to dig deeper to combat the euro-area debt crisis after the Group of 20 nations told Europe to come up with more financial firepower before they consider lending outside support.

G20 moves to line up huge rescue deal for April

MEXICO CITY: The world's leading economies worked on Sunday to line up a deal in April on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.

EU's Rehn: G-20 Must Provide Roadmap For Extra IMF Contributions

MEXICO CITY -(Dow Jones)- Europe's crisis is a global crisis, and international partners in the Group of 20 should provide a roadmap for additional funding to help stem the sovereign debt crisis, according to the European Union's economics chief.

G20 finance ministers to hold crisis talks in Mexico

MEXICO CITY: G20 finance ministers and central bankers will meet this weekend in Mexico City to discuss the eurozone debt crisis and more money for the IMF following the latest rescue deal for Greece.

Mexico leader looks for G20 financial checks

Mexican President Felipe Calderon, the current G20 chair, called Monday for stricter rules for financial institutions, underlining their shared responsibility in the economic crisis.

Japan's Azumi cool on G20 agreement on IMF cash

The G20 is not yet ready to agree on providing more funds to the International Monetary Fund to fight Europe's debt crisis, Japan's finance minister said Tuesday ahead of a key meeting this weekend.

G20 parliamentary heads to meet in Riyadh

(MENAFN - Arab News) Parliamentary heads of the G20 nations will converge in Riyadh on Friday to discuss a range of regional and international issues within the framework of a parliamentary consultation process started by the G20 member nations in Canada in 2010.

Hillary Clinton heads to G20 talks pushing trade

WASHINGTON: US Secretary of State Hillary Clinton flew Saturday to Mexico for a session of the Group of 20 major economies where her aides said she would push for freer but fairer trade.

Kenya finmin says inflation easing, urges banks to cut rates

NAIROBI (Reuters) - Kenya's acting finance minister said on Tuesday that inflation in east Africa's biggest economy should continue to fall and urged banks to cut lending rates to help the middle class.

BOJ eases policy, sets near-term price goal

TOKYO (Reuters) - The Bank of Japan on Tuesday eased its policy by boosting asset purchases and defined 1 percent consumer inflation as a near-term goal in response to growing calls for more action to help the economy mired in deflation and weighed down by a strong yen.

Barack Obama's $3.8 tn election-year budget goes to Congress

WASHINGTON: President Barack Obama on Monday was selling a a $3.8 trillion election-year budget, a spending outline designed to cut $4 trillion from the deficit in 10 years through spending restraints and higher taxes on the wealthy. Republicans said the plan fails to tackle the nation's deep fiscal problems.

EU won't drop aviation CO2 scheme

(Reuters) - The European Union will not bow to pressure to suspend a controversial scheme to charge airlines for their carbon emissions, but is willing to be flexible in finding a solution to a row that threatens to escalate into a full-blown trade war.

Greece set to agree bailout as Germany demands action

ATHENS: Greek lawmakers looked set to endorse a new and deeply unpopular austerity deal on Sunday to secure a multi-billion-euro bailout and avert what Prime Minister Lucas Papademos warned would be "economic chaos".

Barack Obama urges Congress to extend payroll tax cut

US President Barack Obama urged Congress Saturday to quickly pass an extension of the payroll tax cut to prevent a tax increase on 160 million Americans.

Latvia's move to euro faces big challenges: IMF

WASHINGTON: Latvia faces big economic challenges in its planned adoption of the euro, not the least of which is the eurozone crisis itself, the International Monetary Fund said on Tuesday.

Greek Leaders Struggle for Agreement on Cuts

LONDON — Greek political leaders continued to struggle Wednesday to secure agreement on new austerity measures to be presented to the country’s financial backers in the coming days.

Europe’s Banks Reluctant to Lend to Companies in Need of Cash

LONDON — European governments are not the only ones struggling with debt. So are some of the region’s companies.

Greece Agrees to Harsh New Spending Cuts as Lenders Ratchet Up the Pressure

ATHENS — Pushed against the wall by its foreign lenders, the Greek government agreed on Sunday to drastic new spending cuts but failed to complete an arrangement that would unlock the financing the country needs to prevent default. It agreed instead to resume talks on Monday.

France, German leaders meet amid euro, Syria crises

PARIS (Reuters) - The French and German leaders meet on Monday in Paris for annual talks in which they will seek further economic coordination in the crisis-hit European Union and discuss the escalating violence in Syria.

China's Wen Tamps Down Concerns Over Europe Aid

BEIJING—Chinese Premier Wen Jiabao on Friday sought to assuage concerns over Chinese investment in Europe, saying China has no intention to "buy" the continent.

ECB May Wait for Investor Deal on Greek Swap

The European Central Bank is likely to refuse to show its hand on how it will help cut Greece’s debt burden until investors and the government have agreed to a deal, said economists from ING Group to Deutsche Bank.

Wall Street bets big on Romney

WASHINGTON (CNNMoney) -- Wall Street has thrown its weight behind alum Mitt Romney for president, according to new campaign data for 2011.

Obama Announces Refinancing Plan

President Barack Obama announced a fresh bid Wednesday to revive the housing market by letting millions of homeowners refinance their mortgages, presenting a plan that is likely to encounter congressional opposition.

US home prices drop, consumers turn gloomy

NEW YORK: US home prices fell more steeply than expected in November, and consumer confidence soured in January, highlighting the hurdles still facing the economic recovery.