Industry News

Members of the Group of 20 advanced and developing economies plan to renew pressure on Europeans in coming days to expand their Continent-wide bailout funds, despite the latest rescue deal for Greece.

China could face an economic crisis unless it implements deep reforms, including to state-owned enterprises, according to a report likely to shape debate among the nation's incoming leaders.

Turkey has that most scarce, yet highly sought-after, attribute among European economies: growth. With this rising tide, is now the time for investors to be contemplating Turkey's growing Internet economy?

World financial markets may have breathed a collective sigh of relief over the rescue package for Greece, but European bank stocks have fallen since the announcement. This year is likely to be one of retrenchment as lenders work to meet strict capital requirements.

The Obama administration proposed a tax overhaul that would lower the maximum rate companies pay, though Republicans called the plan disappointing, underscoring the difficult path ahead.

Asian companies are tapping bond markets at a record pace, worried that the euro-zone crisis may deepen and make it impossible for them to secure funds later in the year, say bankers who arrange borrowing.

Sales of previously occupied U.S. homes rose last month to the highest level in more than 1½ years, while the inventory of unsold homes contracted to a level economists consider healthy, positive signs for housing.

A sale of new German two-year note attracted solid demand, as a bounce in yields from historic lows encouraged those seeking safe-haven investments.

Chancellor George Osborne came under increasing pressure to introduce tax cuts in next month's budget in a bid to stimulate the economy.

The Irish government identified up to €3 billion in state-owned assets it plans to sell to meet a requirement of its international bailout, saying it struck an agreement that will enable it use about one third of the privatization receipts to boost jobs

The European Commission proposed to suspend €495 million in European Union budget funds for Hungary in 2013 unless it acts quickly to cut its deficit.

Fitch downgraded Greece's credit rating to C from triple-C after confirmation of the country's second bailout package, which includes a debt exchange that will force bondholders to take a loss on holdings of Greek debt.

Business activity in the euro zone contracted unexpectedly in February, reviving fears that the region is heading for recession.

Bank of England policy makers were split in February about how much stimulus to inject into the U.K. economy, minutes of their February policy meeting showed.

The preliminary HSBC China Manufacturing Purchasing Managers Index, a gauge of nation-wide manufacturing activity, rose to 49.7 in February compared with a final reading of 48.8 in January.

The nation's rural regions saw much slower population growth over the past decade, reflecting a drop in the number of jobs in these often-isolated areas.

Consumers in the 17 countries that use the euro became a little more upbeat about their prospects in February, the second straight month in which confidence strengthened.

A feeble response by fragile euro-zone government bond markets underscored lingering concern that a new Greek bailout package could be derailed in the months ahead by economics and political change.

Euro-zone finance ministers agreed on a long-awaited accord to secure a new $172.1 billion bailout and debt-restructuring deal for Greece, after haggling into the early hours of Tuesday.

The U.K. government enjoyed its biggest surplus in four years in January, making it increasingly likely the country will undershoot its borrowing target.