Greek government gets more time to rescue economy

Early elections in Greece have been delayed to give the interim government more time to rescue the country's crisis-hit economy, but political uncertainty looks set to complicate delicate talks with creditors.

Britain's poorest hit by £2.5bn 'stealth tax'

Tax cuts for low and middle-income families in April will be dwarfed by hidden reductions in tax credits, according to a study for The Independent.

Global stocks mixed on concern about US, Europe

BEIJING (AP) — Global stock markets were mixed Tuesday amid worries about weak Christmas sales in the United States and Europe and a warning by Japan's central bank about possible risks from the European debt crisis.

Banks not lending? Corporate borrowing soars in 2011

Consumers may be cutting debt and banks may be tightening up their balance sheets, but borrowing by U.S. corporations is in full swing.At a time when the popular narrative centers on how tight-fisted banks are getting with their lending, end-of-year data for syndicated loans tell a different story.

Reversal of fortune

(Reuters) - While the threat of credit rating downgrades hangs over Europe, a few big emerging market economies are on the upswing.

Analysis: Russia's neighbors balk at Putin's "big idea"

MOSCOW (Reuters) - Vladimir Putin bills it as an economic union that could rival China and the United States, stretch from the Polish frontier to Pacific shores and reunite at least part of the Soviet Union.

Home foreclosures jump in third quarter

(Reuters) - The number of new home foreclosures jumped by more than 21 percent in the third quarter from the second as banks moved more aggressively after a pause to review how they deal with troubled borrowers, according to a report released by a bank regulator on Wednesday.