European Central Bank Leaves Rate Unchanged at 1 Percent

FRANKFURT — The European Central Bank left its main interest rate unchanged Wednesday, choosing to put the onus on political leaders to address an increasingly dangerous level of tension in the euro zone.

US economic outlook worsens after jobs report

WASHINGTON: The faltering US job market has prompted economists to take a much dimmer view of the country's growth prospects.

G7 to hold emergency euro zone talks, Spain top concern

TORONTO/BERLIN (Reuters) - Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area.

Regulators take more time over money market reform

LONDON (Reuters) - Global regulators will take more time over tightening rules for money market mutual funds after one of the world's top industry players said their proposals needed refining.

Dire jobs data deal blow to Obama reelection hopes

WASHINGTON: Dire new unemployment data and a rise in the jobless rate dented Barack Obama's reelection hopes Friday and boosted his foe Mitt Romney who brands the president a failure who cannot create jobs.

Irish Vote on Fiscal Pact

DUBLIN—Irish voters deliver their verdict Thursday on a European Union treaty designed to bring financial stability to the euro zone by binding countries to tougher rules on balancing their budgets.

Global regulators plan margin rules soon for uncleared derivatives

(Reuters) - Global regulators said on Wednesday they will issue proposals in coming weeks on rules to encourage banks to put derivative trades through a central clearing house, but they won't be ready for the G20 summit in June.