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Global economic crisis coming to an end

The global economy may be coming out of the worst recession since World War II as record-low interest rates and trillions of dollars in fiscal stimulus spur demand. Sales of existing U.S. homes jumped in July to the highest level since…

Oil drops below $73

Oil eased below $73 a barrel on Friday, reversing an earlier surge to a seven-week high, as optimism over the pace of demand recovery in top energy consumer, the United States, faded on the back of mixed economic data. Industry data on…

Stiglitz says dollar has high risk

The dollar’s role as a good store of value is “questionable” and the currency has a high degree of risk, said Nobel Prize-winning economist Joseph Stiglitz. “There is a need for a global reserve system,” Stiglitz, a Columbia University…