Central bankers agree on bank capital surcharge plan

Central bankers agree on bank capital surcharge plan (Reuters)

Posted: 25 Jun 2011 09:34 AM PDT

Reuters - Global banking regulators have agreed on a proposal to slap an extra capital charge on the world's biggest banks to make them safer by 2019.

China to remain long-term investor in Europe's debt (Reuters)

Posted: 25 Jun 2011 03:52 AM PDT

Reuters - Chinese Premier Wen Jiabao said on Saturday he was "still confident" that Europe can overcome the debt crisis and said China would remain a long-term investor in Europe's debt market.

ECB's Mersch says Greek default would bring "chaos" (Reuters)

Posted: 25 Jun 2011 07:41 AM PDT

Reuters - European Central Bank Governing Council member Yves Mersch said on Saturday a Greek sovereign debt default would lead to chaos, adding it was up to the parliament to deliver on its austerity promises.

Iran condemns IEA decision to release oil stocks (Reuters)

Posted: 25 Jun 2011 03:27 AM PDT

Reuters - TEHRAN (Reuters)- Iran condemned on Saturday a decision by oil consumer nations to release strategic crude stocks as politically motivated interference in the market that would not have a sustained impact on prices.

A look at economic developments around the globe (AP)

Posted: 23 Jun 2011 03:51 PM PDT

AP - A look at economic developments and activity in major stock markets around the world Thursday:

Summary Box: Commodities fall on economic concerns (AP)

Posted: 24 Jun 2011 02:03 PM PDT

AP - ECONOMIC CONCERNS: Commodity prices were mostly lower as investors searched for clues about where the economy is headed and the potential impact it may have on demand.

Chinese prime minister offers support for euro (AP)

Posted: 25 Jun 2011 04:03 AM PDT

AP - Chinese Prime Minister Wen Jiabao has offered his country's support for Europe and its common currency amid the eurozone's debt crisis.

Egypt says will not need IMF, World Bank funds (Reuters)

Posted: 25 Jun 2011 09:44 AM PDT

Reuters - Egypt will not borrow from the World Bank and International Monetary Fund after revising its budget and cutting the forecast deficit, even though a loan had been agreed, Finance Minister Samir Radwan said on Saturday.

Global Warming or Little Ice Age: Which Will It Be? (LiveScience.com)

Posted: 25 Jun 2011 04:55 PM PDT

LiveScience.com - Our sun may be on the verge of a relatively long snooze, as researchers have found solar energy output could decrease in the coming decades. Though the dip in solar activity isn't expected to reverse climate change and plunge Earth into a cold snap, similar phenomenon have happened in our planet's history, scientists say.

Ohio Real Estate Sales Continue to Slip While Foreclosures Increase (ContributorNetwork)

Posted: 25 Jun 2011 01:16 PM PDT

ContributorNetwork - The Ohio real estate market is still circling the bowl, according to May sales figures just released by Realty Trac. The federal tax credit in 2009 was a small bandage that could not stop the bleeding in the housing market. Even when an Ohio real estate agent can coax a potential buyer to tour a home and make an offer, the hopeful homeowner is often turned down for a loan.

Drivers catch a break as gasoline prices fall (AP)

Posted: 24 Jun 2011 10:26 PM PDT

AP - A summer road trip may not be such a bad idea after all.