Today is the first day that most stock exchanges have been open since ratings agency Standard & Poor's announced its US credit downgrade from a AAA rating to AA+. Here’s how world markets have responded so far:
G7 leaders condemned Russia's use of energy as a weapon, and reaffirmed European efforts to secure and diversify their own supplies. Russia-Europe energy partnerships won't fade anytime soon, but the Ukraine crisis is pushing Western Europe to look inward for new energy supply while Southeast Europe charts its own course.
Western options so far appear to be limited to diplomatic overtures and rebukes. But tensions are taking a toll on Russian stocks and bonds as well as the ruble.
In an unusual criticism of Germany's economic path, a US Treasury report goes against decades of cooperative consultation among friendly, wealthier nations to help drive global growth.
Mohamed El-Erian is the CEO of the investment firm PIMCO, the world’s largest bond investor. In an interview, he discusses what might affect the Fed's decision to begin tapering its asset purchases and what impact such a move may have on the global economy.
Although the G20 is focused on economic policy, the big issue will be a response to Syria – not the first time the group has veered into security issues.