Europe's debt crisis slammed into the world's factories last month, with US manufacturing contracting for the first time in nearly three years and Asian countries hit hard by crumbling orders from abroad.
Some of the most grim data
Tunisia's economy is showing signs of revival after popular protests last year pushed it into recession but the crisis in the euro zone, its most important export market, presents risks, said a senior International Monetary Fund (IMF) official.
European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said, while Berlin said it was prepared for all eventualities.
German Finance Minister Wolfgang Schaeuble, one o
Gold prices fell more than one per cent on Monday on technical selling and concerns that the European Union summit had stopped short of producing a convincing plan to solve the euro zone debt crisis.
The approaching year-end and fundi
The International Air Transport Association (Iata) cut its forecast for airline industry profits by a quarter to $3.5 billion for 2012 and warned the industry could plunge to an $8.3 billion loss if Europe's debt problems trigger another banki
Brent crude held steady at $108 a barrel on Friday, after posting steep losses in the previous session on concerns over demand growth as Europe struggles to keep its debt crisis from spiralling out of control.
Markets are worried about bor
Brent crude futures rose above $112 on Tuesday, recouping some of the previous session's fall of more than $2, while concerns over Europe slipping into a recession and hurting oil demand growth capped the gains.
Investors are worried about
Asia-Pacific leaders will call on countries on Sunday to do what they can to prop up economic growth, rallying around the common threat from Europe's debt crisis despite divisions over trade and currency policies.
Fresh off a rare succ
Gold prices held steady on Tuesday, with investors looking out for more clues from the euro zone on whether the bloc will come up with a concrete plan to solve the debt crisis, after Germany cautioned against any definitive solution.
Brent crude futures gained ground on Monday after France and Germany said they would come up with a plan to contain the euro zone crisis, but details will not emerge until the end of the month.
Market sentiment improved after leaders of th