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.

Stocks Close Higher as Hope Rises for a Fiscal Cliff Deal

Stocks gained on signs that lawmakers are edging toward a deal that would help the U.S. avoid the "fiscal cliff." Indexes shrugged off an early loss and rose in afternoon trading Wednesday. The Dow closed up 106.98 points at 12,985.11. It had been down as much as 112 points in early trading.

Stock Markets Bounce Back as Hopes Rise for a Fiscal Cliff Deal

Hopes that President Barack Obama and U.S. lawmakers will be able to avoid a budget crisis helped world stock markets recover from earlier losses on Wednesday. European stock indexes, which were trading lower all day, closed higher, and the Dow and S&P rose.

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.

Don't Fear a Moody's Downgrade - Fear a China Slowdown

Credit rating agency Moody's is threatening to downgrade U.S. debt if Washington doesn't get its act together soon -- which could (perhaps) increase the government's borrowing costs. That would be troublesome, but the really scary U.S. debt problem is China's economic slowdown.

Europe Teeters on the Edge of Recession

Europe is edging closer to recession, dragged down by the crippling debt problems of the 17-country eurozone, official figures showed Tuesday: The economies of both the eurozone and the full EU shrank by 0.2% in the second quarter, after a flat first quarter.