Hollande shifts position on Tobin tax, money for environment

French President Francois Hollande shifted position Monday on implementing a long-sought financial transactions tax in Europe and said the money should go towards projects aimed at mitigating climate change.

Euro Makes It Harder for Countries to Adjust Imbalances

Germany’s central bank has weighed in on a thorny topic in Europe: whether the euro has made it harder for countries in the currency to adjust their current account imbalances.

Angst returns on German recession fears and US fiscal cliff

Stock markets skidded across the world and investors retreated to safe-haven assets on fears that Europe’s festering crisis has spread to Germany and a bitterly-divided Washington may struggle to avert a fiscal crisis.

Euro crisis fears leave world's richest poorer by $9 bn

NEW YORK: The 20 wealthiest people on Earth lost a combined $9.1 billion this week as renewed concerns that Europe's debt crisis might worsen drove the Standard & Poor's 500 Index to its largest decline of 2012.

2012 will be a worse year for equities than 2011: Jim Walker

MUMBAI: Warning that negative signs persist in the global economy, Jim Walker, Founder of Asianomics on Tuesday said that he could see a re-run of the beginning of 2008 financial crisis.