Obama's Trip to Asia Fails to Achieve Objectives

The President's trip to Asia was supposed to be all about creating jobs back in the U.S. But he failed to create a trade pact with South Korea, to get an agreement on limiting surpluses by large trading partners and to get China to allow its currency to appreciate more.

Asian Markets Slide as Chinese Interest Rate Hike Looms

Asian markets took a tumble today with China's Shanghai Composite Index plunging on rumors that another interest rate hike is imminent. Hong Kong's Hang Seng Index dropped 1.9% and Japan's Nikkei 225 Index was down 1.4%.

Leaders Divided at Start of G20 in South Korea

A strong sense of pessimism shrouded the start of an economic summit of rich and emerging economies Thursday, with President Barack Obama and fellow world leaders arriving in Seoul sharply divided over currency and trade policies.

Can G-20 Prevent a Currency War?

The G-20 has a second chance to diffuse world currency tensions Friday and Saturday, when finance ministers and central bank governors meet in South Korea.

Why the Financial Crisis Spells the End of Western Power

In a new article, political scientist Ian Bremmer and respected economist Nouriel Roubini assert that the free-market system of capitalism has been so damaged by the recent financial crisis that the West's era of political and economic dominance may be gone for good.

Will Capital Spending Pick Up Where Stimulus Leaves Off?

Maybe so. The latest NYSE Euronext Annual CEO Report, which surveyed 325 chief executives around the world, found them to be significantly more upbeat than a year ago. CEOs are "going back to the business of growing business."

Soros: German Budget Cuts Could Cause Euro Failure

Ahead of the G-20 summit in Toronto this weekend, billionaire investor George Soros is warning that Germany's policy of fiscal austerity is a danger to Europe that could destroy the euro and fracture the European Union.

U.S. Issues G-20 Travel Alert for Americans

Canada is footing a huge bill to host the G-8 and G-20 summits in Huntsville, Ontario and Toronto on June 25-27. Still, the U.S. has issued a travel alert for Americans traveling to Toronto, angering Canadians across the country.

With Jobs Still Scarce, More Than Easy Money Is Needed

Massive liquidity injections in the form of monetary and fiscal stimulus seem to be the cure-all these days for any economic malady. But staggering unemployment, especially among the most vulnerable, calls for a very different -- more surgical -- response.