BANGKOK (AP) - Asian stocks and the euro are rising after sentiment got a boost from Spain's decision to seek a European financial lifeline for its ailing banks. Spain on Saturday asked finance ministers from the 17 countries that use the euro for money to rescue its banks, which have... more »
WASHINGTON (AP) - The dollar is rising against currencies seen as riskier after weak Chinese trade data raised worries about global economic growth. China's trade surplus narrowed for a second straight month in September. Weaker spending by overseas consumers caused exports to decline, a troubling sign for the U.S. other... more »
Mortgage rates have fallen to the lowest level of the year as European turmoil caused investors to pour money into the safe haven of U.S. government securities.
Mortgage company Freddie Mac says the average rate on a 30-year fixed rate mortgage dipped to 4.78 percent this week from 4.84... more »
The European Union's president says most EU governments support tougher sanctions to punish countries that break debt and deficit limits.
The EU is discussing stronger debt rules in an effort to curb a debt crisis that has damaged market confidence in the euro currency. Herman Van Rompuy says a... more »
The Dow Jones industrial average opened below 10,000 points today in a fourth straight day of declines.
The drop Friday comes a day after major indexes posted their biggest declines in more than a year. That pushed the market to "correction" mode, or a sharp decline from a recent... more »
Mortgage rates fell this week to the lowest level of the year. The drop was caused by a high demand for U.S. government securities, which closely track mortgage rates, as investors fled risky European debt.
The average rate on a 30-year fixed rate mortgage dipped to 4.93 percent this... more »
The European Union says the United States should join it in stumping up cash to help poor developing nations to cope with climate change. Sweden's finance minister says Europe wanted the U.S. to "also put their weight behind the issue" ahead of global talks in December on a new pact... more »