International Monetary Fund

Behind Cyprus' Plan to Seize Bank Deposits

A plan to seize up to 10 percent of Cypriot's savings has been met with fury and raised concern, if not panic, in the rest of Europe about the security of bank deposits.

Top 10 Business Stories of 2012

This would be the year when the global economy finally regained its vigor. At least that's what many had hoped. It didn't happen. So what were the top ten business stories of 2012?

Markets Nervous as Eurozone Finance Ministers Meet on Greece

Concerns that European finance ministers will again fail to reach an agreement on handing over more bailout cash to Greece weighed on markets Monday. In addition, an election in Spain's Catalonia region that saw separatists gain ground is also adding to global investor worries.

Syria Is Burning, but Still a Better Place to Invest Than Greece

Syria's ongoing civil war has claimed more than 28,000 lives, left 1.5 million people homeless, and sent 500,000 Syrians into exile. But as far as CFOs are concerned, it's still a better place for foreign investment than debt-battered, austerity-riven Greece.

OECD Warns of 'Severe Recession' Looming for Eurozone

The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from spreading.