Government And Institutions

South Korea's central bank has lowered its key interest rate to a record low as it tries to bolster a fragile economic recovery.

Just as the U.S. job market has finally strengthened, the Federal Reserve now confronts a new worry: A sputtering global economy that's spooked investors across the world.

The U.S. stock market is rising sharply after the Federal Reserve signaled that it's not in a hurry to raise interest rates.

Former top regulator Timothy Geithner defended terms of the U.S. government's bailout of American International Group Inc., saying the insurance giant's exceptionally risky behavior had caused losses that called for strict treatment.

Markets in Japan and Hong Kong rose Monday on strong U.S. jobs data but other Asian markets were lower as investors looked to the U.S. Federal Reserve for signs of when it might raise interest rates.

U.S. employers added 248,000 jobs last month, a burst of hiring that drove down the unemployment rate to 5.9 percent, the lowest since July 2008.

Global stocks were mostly higher Friday as investors looked ahead to U.S. data on jobs and factory output, while Hong Kong rose despite pro-democracy protests.

European Central Bank head Mario Draghi is expected Thursday to underline the bank's willingness to deploy more economic stimulus measures, a stance that could send the euro skidding even lower.

A bottleneck is building in the global market for bonds.

The New Zealand dollar has fallen to its lowest level in 14 months after the central bank released figures showing it sold the currency.

It's no surprise that the prospect of a Federal Reserve rate hike worries stock investors.

The government issues its third and final estimate of how fast the U.S. economy grew in the April-June quarter.

Atlanta Federal Reserve President Dennis Lockhart said Thursday he has more confidence in the economy than he did a year ago, suggesting he's not seeking an increase in interest rates until mid-2015 or later.

The U.S. stock market headed higher Thursday as investors received more encouraging news on the economy.

Global stocks sank Wednesday under the weight of worries about the possible timing of a U.S. rate hike, economic weakness in China and an impending referendum on Scottish independence.

Asian stock markets were muted Tuesday amid holidays in Hong Kong and South Korea.

In the world of currencies, the dollar is starting to look like a safe home in a tough neighborhood.

Asian stocks fluctuated Friday as investors looked for direction before a key U.S. jobs report later in the day while Japan's market edged higher after the yen fell to a six-year low.

Global stock markets were lackluster Thursday after Wall Street fell and as investors looked ahead to a European Central Bank meeting and U.S. economic data.

The Commerce Department reports how much U.S. consumers spent and earned in July.