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.