U.S. Credit Rating Affirmed by S&P With Stable Outlook

The U.S.’s AA+ credit rating was affirmed by Standard & Poor’s, which cited the resiliency and diversity of the economy, almost three years after downgrading the nation for the first time amid political wrangling.

Wealth Fund Growth Boosts Norway’s Budget as Economy Slows

Norway’s new government is tapping more oil revenue than previously estimated this year to support a slowing expansion in Scandinavia’s richest nation.

Eurozone finance ministers tackle bank reforms

LUXEMBOURG: Eurozone finance ministers try to keep a push for banking sector reforms on track Thursday, to ensure it is creditors who foot the bill for future bank rescues, not the weary taxpayer.

Analysis: Budget constraints limit Obama's second-term agenda

WASHINGTON (Reuters) - President Barack Obama starts his second term in office facing unprecedented budget constraints that will challenge his ability to implement his economic vision.

EU total debt mounts, deficits ease in 2011

BRUSSELS: Eurozone member states did better last year at controlling their budget deficits but overall debt levels continued to rise well above EU limits even if the economy performed well in 2011.