Dec 1- Puerto Rico's power authority PREPA has reached a tentative debt restructuring deal with bond insurers including Assured Guaranty and MBIA Inc's National Public Finance Guarantee, according to two sources familiar with the matter. The deal still needs the approval of the PREPA board, the sources said, but has been signed by representatives for all...» Read More
Congress got rid of a headache on Friday when it rescued the flying public from flight delays caused by its budget cutting. But in the view of many U.S. lawmakers, the pain is just about to begin.
Angela Merkel tried to contain her irritation when asked this week whether southern European countries could take much more German-ordered austerity.
South Korea's top economic policymakers, once anxious over the potential damage to their economy from Japan's massive monetary expansion and challenge raised by a cheap yen, have grown more sanguine.
The re-election of Italy's president has raised the prospect of an end to the stalemate that followed the general election, with a move to form a government foreseen within days.
An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in monetary easing by the world's major central banks.
Hedge funds plowed new money into gold even after it posted a record loss last week, according to trading data that also showed inflows for many other commodities.
"G.I. Joe: Retaliation" won the box office battle, fighting off competition from cartoon cavemen, a Tyler Perry drama, and an alien-possessed heroine trying to save the human race.
EBay CEO John Donahoe began emailing millions of users of the company's online marketplace in an unprecedented effort to change looming sales tax legislation.
Rescuers struggled to reach a remote corner of southwestern China on Sunday as the toll of the dead and missing from the country's worst earthquake in three years rose to 203 with almost 1,000 serious injuries.
Federal Reserve Chairman Ben Bernanke will miss the annual Jackson Hole monetary policy symposium this year due to a scheduling conflict, skipping the prestigious event for the first time since taking the helm of the central bank in 2006.
Leaders of the International Monetary Fund said an uneven global economic recovery is emerging, and policymakers must take more steps to foster swifter growth and job creation.
Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.
The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday.
Finnish mobile phone maker Nokia trimmed its losses in the first quarter, thanks to stronger Lumia smartphone sales.
Tesco, Britain's biggest retailer, will exit its loss-making business in the United States, taking a $1.5 billion write-off.
Spanish fishing firm Pescanova shareholders' anger mounted over accounting failings and the chairman's undeclared sale of shares in the period leading up to insolvency proceedings.
Italy has raised its debt issuance target for this year by nearly 10 percent and is hoping to tap demand from Asian investors to meet the goal, its head of debt management told Reuters on Tuesday.
France found more cases of illegal horsemeat in beef products than any other EU country, early results of DNA tests ordered in the wake of the scandal showed.
The Supreme Court will hear arguments in a case that calls into question whether DNA can be claimed as intellectual property, and remain off limits without the permission of the patent holder.
The political establishment has dismissed Germany's new anti-euro party as a fear-mongering populist aberration that could implode even before a looming federal election.