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World business news - CNNMoney.com
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Greece facing 'dramatic dilemma'
Officials in Greece are under pressure to reach agreement on more austerity measures, as the threat of a default hangs over the country and protestors take to the streets.
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Glencore, Xstrata tie-up would create $90 billion giant
In a huge consolidation of the international mining industry, Swiss company Glencore International has agreed to acquire rival Xstrata for $61.9 billion in stock, according to a joint statement.
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China: Fast food nation. Too fast economy?
Is China's economy heading for a hard or soft landing? Well, it looks like Chinese consumers can't get enough of Diet Coke and the Colonel's famous secret recipe. That may be good news.
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Greece on the brink
Officials in Greece were under pressure Monday to agree on the terms of a new bailout package, as the threat of a default hangs over the country.
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What's next for Europe?
To form a strong fiscal union and return confidence to the euro, eurozone members must be willing to give up some degree of control of their national budgets to a central European authority.
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U.S. charges oldest Swiss bank in tax fraud case
The Justice Department charged Switzerland's oldest bank Thursday with helping American taxpayers hide more than $1.2 billion from the Internal Revenue Service. The case marks the first time an overseas bank has been charged in the U.S. for aiding tax evasion.
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Spain's big fix will enrage many workers
Exclusive: Spain's economy minister Luis de Guindos shares the details of a reform package that could help get the country's economy back on track, but it will not go over well with many workers.
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Investing overseas: Find the right balance
Whoever said that the world can be a scary place sure wasn't kidding. Consider a few of the frighteningly noteworthy events of the past year: Europe's economy slipped into a debt-induced coma; the euro went from being a potential global store of value to a currency on the brink of extinction; and growth in overheated markets like China and Brazil started to slow, prompting a nosedive in their equity prices.
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Place your bets on Facebook's IPO -- literally
Facebook has finally filed for an IPO, but it likely won't start trading for months. For those who can't wait to gamble on the stock market, bookies are accepting bets.
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Europe's debt crisis: Where things stand
After wreaking havoc in global financial markets last year, the debt crisis in Europe has entered a complicated new phase in 2012.
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