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  • What's in the 'Fiscal Cliff' Bill Passed by Congress? Wednesday, 2 Jan 2013 | 6:19 AM ET

    The U.S. House of Representatives approved a Senate bill on Tuesday night to avert $600 billion in automatic tax increases and spending cuts known as the "fiscal cliff." Here are the details.

  • US Avoids Calamity in 'Fiscal Cliff' Drama Wednesday, 2 Jan 2013 | 4:35 AM ET
    President Barack Obama makes statement on fiscal cliff

    The United States averted economic calamity on Tuesday when lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession.

  • Euro Zone Factory Downturn Deepens in December Wednesday, 2 Jan 2013 | 4:09 AM ET

    The slowdown in euro zone factory activity deepened in December as new orders tumbled, a business survey showed on Wednesday, suggesting the economy may have slipped further into recession in the last quarter of 2012.

  • Drifting Shell Drilling Rig Grounds on Rocks Off Alaska Wednesday, 2 Jan 2013 | 2:05 AM ET

    An oil drilling rig owned by Royal Dutch Shell ran aground in Alaska after drifting in stormy weather, highlighting the serious risks of working in an offshore region where some in the industry see huge potential.

  • Stung Bankia Investors Look to Courts for Justice Monday, 31 Dec 2012 | 2:28 AM ET

    Spanish savers and pensioners who have seen their money wiped out by investing in state-rescued lender Bankia are likely to seek redress in court rather than wait for any official inquiry, which looks increasingly unlikely.

  • Senate Leaders on Obama's Mission Impossible Saturday, 29 Dec 2012 | 4:16 AM ET
    President Barack Obama

    An annoyed President Obama said it was "mind boggling" that Congress has been unable to fix the "fiscal cliff." Then dispatched Senate Majority Leader Harry Reid, a Democrat, and Minority Leader Mitch McConnell, a Republican, on a mind-boggling mission: coming up with a bipartisan bill to break the stalemate - in about 48 hours.

  • Under Siege, Bank of Japan Awakens to Political Reality Saturday, 29 Dec 2012 | 3:40 AM ET

    Within a day of Shinzo Abe's Liberal Democratic Party sweeping to power in elections this month, elite bureaucrats in Japan's central bank rushed to ready what amounted to a surrender offer.

  • Euro Zone Crisis Batters Holiday Sales Prospects Friday, 28 Dec 2012 | 3:28 AM ET

    Shoppers in euro zone nations battered by years of recession and crisis are on the hunt for bargains, delaying their purchases until the last minute, or simply not buying at all as post-Christmas sales get underway.

  • Porsche Wins Dismissal of Hedge Fund Lawsuit on VW Thursday, 27 Dec 2012 | 11:11 PM ET

    Thursday won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares.

  • Manila Primes for Casino Boom Despite Graft Spotlight Thursday, 27 Dec 2012 | 10:00 AM ET

    Philippines has ambitions to join Macau and Singapore among the ranks of Asia's top gaming destinations. Buoyed by stellar economic growth, the casino rush is starting.

  • Italy Hits Target Amount at First Debt Auction of 2013 Thursday, 27 Dec 2012 | 7:17 AM ET

    Italy sold all the bills and bonds it aimed to at an auction on Thursday, a few days after outgoing Prime Minister Mario Monti announced he may join the election race to lead a reform-minded centrist alliance.

  • Chipmaker Marvell Loses $1.17 Billion Patent Verdict Thursday, 27 Dec 2012 | 5:53 AM ET

    A federal jury on Wednesday found that Marvell Technology Group infringed two patents held by Carnegie Mellon University, and ordered the chipmaker to pay $1.17 billion in damages.

  • Already struggling at home with weak revenues and tough new capital and leverage requirements, investment banks are now also facing a slump in their once most promising business - emerging markets.

  • Shinzo Abe Gets Second Chance at Japan's Top Job Wednesday, 26 Dec 2012 | 3:24 AM ET

    New Japanese Prime Minister Shinzo Abe unveiled a cabinet stacked with close allies on Wednesday, kicking off a second administration committed to battling deflation and coping with the challenge of a rising China.

  • Samsung Seeks US Sales Ban on Ericsson Products Tuesday, 25 Dec 2012 | 9:37 PM ET

    Samsung Electronics said on Wednesday it had filed a complaint against Ericsson with the U.S. International Trade Commission, requesting a U.S. import ban and sales ban on some of the Swedish telecoms equipment maker's products.

  • Top U.S. lawmakers voiced rising fear on Sunday that the country would go over "the fiscal cliff" in nine days, and some Republicans charged that was President Barack Obama's goal.

  • Stop-Gap Fix Most Likely Outcome of US Fiscal Talks Sunday, 23 Dec 2012 | 6:07 AM ET
    Speaker of the House of Representatives, John Boehner, R-OH, speaks to the press December 18, 2012 on Capitol Hill in Washington, DC.

    Last month's dreams of a "grand bargain" of tax hikes and spending cuts seem long gone and a stop-gap that puts everything off for a while but resolves nothing is now the most promising alternative.

  • EU Imposes Toughest Sanctions Yet On Iran Saturday, 22 Dec 2012 | 4:19 PM ET

    Rigorous new sanctions against Iran's banking, shipping and industrial sectors took effect on Saturday, as part of the European Union's effort to force Tehran to scale back its nuclear program.

  • 'Cliff' Spooks Shoppers: 'Ho-Hum Christmas' Saturday, 22 Dec 2012 | 11:20 AM ET

    "What could have been a merry Christmas is going to turn to a ho-hum Christmas, and we can thank our, you know, politicians for getting in the middle of it all," said a retail analyst.

  • Dollar Gets Safe Have Boost From 'Cliff' Woes Friday, 21 Dec 2012 | 3:45 PM ET

    The dollar was lifted by safe-haven buying as investors fled higher-yielding assets and bought safer U.S. instruments