Stock market news centers on the euro, which drifted back from a two-month high versus the dollar.
Stock prices were up in European capitals as hopes grew that the eurozone's debt crisis would ease.
A Portugal bond sale today raised $1.6 billion for a country that many have expected will follow Ireland and Greece in receiving an economic bailout.
UK finance chief George Osborne called on his European neighbors to put their 'house in order' as Britain sees some promising economic gains.
Currency analysts pay obsessive attention to economic factors that indicate the direction of interest rates, because interest rates represent the price of a currency. Any price change has a direct impact on the currency’s value. That can mean huge gains or losses for currency traders, but it also has a big impact on what savers earn, borrowers pay, consumers shell out for imported goods, and global companies plan in terms of compensation and hiring. In 2010, the stress on various currencies became clear, causing many central banks to push interest rates to record lows. Here’s a look at how those forces could play out in 2011 in six major regions of the world:
A youth walks away from a marble elephant after watching the final sunset of the year from what is known as the giant granite rock above the Jackali Mahadev Hindu Temple in the village of Narlai, Rajahstan, India.
Like Americans, Germans get frustrated by big government, but they share a conviction that it has a mandate to provide security and help citizens help themselves. America's ideological standoff over government's role, meanwhile, is paralyzing its politics and thwarting economic progress.
Monitor staff writers and correspondents in each of the world's regions share what they expect to be top headlines in 2011.
An ode to the economic recovery – and other news of 2010 – inspired by Clement Clarke Moore's classic Christmas poem.