The number of Americans filing new claims for unemployment benefits rose to the highest level since September, while durable goods unexpectedly rose.» Read More
South African President Jacob Zuma has kicked off five days of discussions over the country's economy, including the possible introduction of a mining tax and greater state intervention in the sector.
Ratings firm Fitch warned on Wednesday there was an increased likelihood it would strip the U.S. of its triple-A status if Washington does not prevent $600 billion of spending cuts and tax hikes from kicking in early next year.
Former prime minister Silvio Berlusconi said on Tuesday Italy would be forced to leave the euro zone unless the European Central Bank gets more powers to ensure lower borrowing costs.
The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lackluster performance of the global economy.
President Obama and House Speaker John Boehner pressed ahead on trying to avert the "fiscal cliff" after the White House rejected a narrow GOP plan on taxes.
China, already struggling with a slowing economy, may now be facing the type of credit crunch that helped derail the U.S. economy four years ago.
President Obama's latest "Fiscal Cliff" proposal calls for a permanent cap on the AMT, though it doesn't offer specifics on income levels and Republicans have yet to respond.
Republican Senator Bob Corker told CNBC on Tuesday that he does not think a deal to avoid the "fiscal cliff" will be reached by the end of this week.
A professor at the Tuck School of Business at Dartmouth calls Congress "dysfunctional" and says the "adults in the room" need to stand up and end the fiscal cliff uncertainty.
President Obama's latest "fiscal cliff" offer does not move the goalposts closer in negotiations, former Bush economic adviser Lawrence Lindsey told CNBC.
Political intrigue in Rome is keeping investors, economists and even politicians guessing over who will actually run in Italy's 2013 elections and why.
The Swiss National Bank is opening a branch in Singapore to allow for round-the-clock management of its foreign exchange reserves, which it needs to tap to defend the safe-haven franc from over-heating.
The Bank of Japan will consider no later than January whether to adopt a 2 percent inflation target, in response to calls from next Prime Minister Shinzo Abe for stronger efforts to beat deflation.
Unburdened by re-election worries and empowered by law to act without Congress, U.S. President Barack Obama could take action to restrict guns.
President Obama and House Speaker John Boehner met for 45 minutes Monday in hopes of reaching a deal to avoid the "fiscal cliff," but the White House suggested later that it was not budging from its plan.
The House Speaker says he is now willing to raise taxes on Americans making more than a $1 million a year. Conservatives have been staunchly opposed to raising taxes on anyone next year, regardless of income bracket.
It may be time to reconsider an assault weapons ban after the massacre at Sandy Hook Elementary School in Connecticut, Sen. Joe Manchin, a West Virginia Democrat and member of the NRA, told CNBC.
In 2013, the economy will be hard pressed to accomplish the 2 percent growth registered this year, and unemployment only will continue falling if more adults opt out of the labor market or settle for part-time work.
For all its symbolic value, the House Speaker John Boehner's plan to tax million-plus incomes would raise only modest revenues compared to the Obama plan.
Richmond Federal Reserve President Jeffrey Lacker, the only Fed member to oppose the new numerical targets for unemployment and inflation, told CNBC Monday that it will take three more years before the US jobless rate falls to the targeted 6.5 percent.
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