Economy News Headlines

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. Chancellor Angela Merkel, who is openly backing President Nicolas Sarkozy in April's presidential election, …

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. Chancellor Angela Merkel, who is openly backing President Nicolas Sarkozy in April's presidential election, …

WASHINGTON (Reuters) - U.S. police officers cleared tents from an "Occupy" protest site in downtown Washington on Sunday, but demonstrators said even without the camp they would continue to fight for economic equality and other issues. About two dozen protesters in Freedom Plaza, just blocks from the White House, watched …

For the first time in nearly two decades of escalating tensions over Iran's nuclear program, world leaders are genuinely concerned that an Israeli military attack on the Islamic Republic could be imminent — an action that many fear might trigger a wider war, terrorism and global economic havoc.

An eight-nation bloc of Latin American and Caribbean countries agreed on Sunday to deposit 1 percent of their international reserves into a jointly administered development bank as they seek to deepen economic cooperation.

WASHINGTON (Reuters) - A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report. While the U.S. jobless rate fell to the lowest level in nearly three years, euro zone unemployment has climbed to …

Maine's new top fisheries official is vowing to grow the economic value of the state's oldest industry, commercial fishing, and the coastal communities that rely on the ocean.

ATHENS (Reuters) - Greek political leaders have agreed to spending cuts worth 1.5 percent of gross domestic product this year, Prime Minister Lucas Papademos said in a statement on Sunday after talks with party chiefs in his coalition. That included measures to cut wages and non-labor costs to make the Greek economy more …

The International Monetary Fund (IMF) and the European Union on Sunday said they had trimmed Romania's 2012 growth forecast to 1.5-2.0 percent, due to international economic turbulence.

The latest surge in US job creation suggests the world's biggest economy is gathering momentum -- in contrast with the recession taking hold in parts of Europe.

NEW YORK (Reuters) - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction. Economic data expected this week includes weekly initial jobless claims, the Thomson Reuters/University of Michigan's …

DUBAI (Reuters) - Egypt's Ministry of Tourism hopes to see a recovery in tourist numbers to between 12 and 13 million this year, bringing in $11 billion, despite ongoing street violence and more than 70 deaths after a football match riot last week. Last year's popular uprising, which forced out President Hosni Mubarak, …

ABU DHABI (Reuters) - Mergers and acquisitions in the Middle East and North Africa rose slightly in 2011, but the combined value of deals fell by more than a quarter as slower economic growth weighed on prices, Ernst & Young said on Sunday. Deal values fell to $31.7 billion in 2011 compared to $44.1 billion a year earlier, …

ABU DHABI (Reuters) - Mergers and acquisitions in the Middle East and North Africa rose slightly in 2011, but the combined value of deals fell by more than a quarter as slower economic growth weighed on prices, Ernst & Young said on Sunday. Deal values fell to $31.7 billion in 2011 compared to $44.1 billion a year earlier, …

MUNICH (Reuters) - An Israeli raid on Iran's nuclear facilities would deliver a painful shock to the global economy, revive flagging Islamist militancy and possibly drag the United States into a regional war whether it backed its ally's attack or not. As if that prospect was not alarming enough, any doubts Tehran entertained …

BEIJING (Reuters) - China has sent a team of government officials and company executives to Libya to discuss post-war reconstruction and how to protect Chinese assets, the official Xinhua news agency reported on Sunday. The team, led by Wang Shenyang, head of the foreign investment and economic cooperation department of …

LONDON (Reuters) - After a blockbuster January for both equities and bonds - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money. They will also be closely watching negotiations over a second bailout …

BEIJING (Reuters) - China has sent a team of government officials and company executives to Libya to discuss post-war reconstruction and how to protect Chinese assets, the official Xinhua news agency reported on Sunday. The team, led by Wang Shenyang, head of the foreign investment and economic cooperation department of …

The head of the International Monetary Fund has hailed Saudi Arabia's role in supporting the world economy, following meetings with the country's king and top finance officials.

The Spanish economy will shrink by around 1.5 percent this year as a contraction that began last quarter deepens, Economy Minister Luis de Guindos said in an interview published Sunday.

WASHINGTON (Reuters) - President Barack Obama on Saturday pressed lawmakers to pass his proposal to provide up to $10 billion in aid to struggling homeowners, saying a failure to address the housing crisis would put the rest of the economy at risk. "The housing crisis has been the single biggest drag on our recovery from …

Car buyers will likely pay more for new and used cars this year as the economy improves.

The United States sought Saturday to reassure old European allies of its continued support despite a strategic shift to Asia, amid warnings the EU could be sidelined by its economic crisis.