WSJ Economy
Some European Banks Shun ECB Loans
The lenders are fearful of being perceived as bailout recipients that could subject them to potential political or regulatory interference.
IMF Urges Beijing to Ready Bold Moves
The International Monetary Fund urged China to run a federal deficit of 2% of GDP rather than looking to reduce the country's deficit as planned, given the uncertainty in the global economy.
Foreclosure Deal Is Closer
Federal and state officials aim to wrap up this week a multibillion-dollar agreement with five major banks to settle probes of alleged foreclosure abuses.
Strike Looms as Greek Leaders Push for Deal
Signs of popular protest loomed over Greece's political leaders as they raced to agree on painful reforms, including private-sector pay cuts, needed to win a new bailout agreement.
Italian, French Bonds Rise
Italian and French government bonds reversed earlier declines to trade modestly higher, although the market was cautious amid a deadlock over a new rescue package for cash-strapped Greece.
German Manufacturing Orders Up
German manufacturing orders rose more than expected in December, driven by a surge in demand from outside the euro zone, in the latest sign that Europe's largest economy may yet avoid recession.
Euro-Zone Government Debt Falls
The combined debt of the 17 euro-zone governments fell as a percentage of economic output in the third quarter of 2011, although it rose in all three members that have been forced to seek a bailout.
Storm Clouds Gather Over Florida Insurers
State-run entities that expanded over the past decade to provide affordable homeowners insurance in hurricane-threatened Florida are in danger of becoming so big they threaten to wreak havoc on the local economy.
Less Building Now, Higher Office Rents Later
Office-building construction is in the midst of a severe drought. This means higher rents may be on the horizon in some cities, if history is any guide.
Jobs Data Show Growth Is Sustained
The U.S. economy added more jobs in January than in any month since early last year, pushing down the jobless rate to a level not seen since Obama's first full month in office.
Pressure Mounts on BOJ to Weaken Yen
Japan's central bank is coming under renewed political pressure to weaken the yen, even after the government was criticized by the U.S. for intervening.
Greece Weighs Cuts Amid Bailout Talks
Greece edged toward a deal on a second billion bailout package, as political leaders were set to meet Sunday to weigh critical spending cuts.
China Tamps Down Europe Aid Fears
Chinese Premier Wen Jiabao sought to assuage concerns over Chinese investment in Europe, saying China has no intention to "buy" the continent.
Despite Intervention, Brazil's Currency Gains
Brazil's real climbed against the dollar after strong U.S. jobs figures outweighed the central bank's intervention in an attempt to weaken the currency.
Fed Likely to Retain Low-Rate Stance
A few more months of strong jobs reports like the one released Friday, and the Fed might need to draw up a new game plan. For now, though, Bernanke seems unlikely to rewrite his script for the central bank.
Recovery Redraws Labor Landscape
Friday's jobs report showed broad-based hiring in January, with private-sector employers from nearly all industries adding workers.
Canada Jobless Rate Rises Unexpectedly
Employers in Canada hired far fewer workers than expected in January, and the jobless rate rose unexpectedly to 7.6%, the highest level since April 2011.
Fed May Sell More AIG Bonds as Risk Hunger Picks Up
The New York Fed is asking for bids on some $6 billion in residential mortgage-backed securities from its Maiden Lane II portfolio it took on as part of the 2008 bailout of American International Group.
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