Bailout repayment extension for Greece

Greece's representative to the International Monetary Fund (IMF), Panagiotis Roumeliotis, on Friday was quoted as saying that the Washington D.C.-based institution has essentially approved an extension of the repayment period for Greece's

Frugality and excess to mark 2011

Call it the year of feast and famine. Many of the world's big advanced economies have pledged frugality for 2011 while fast-growing emerging markets run the risk of overheating. The global economy

Stocks, oil rise in festive cheer

World stocks clung near two-year peaks while oil rose towards the $92 per barrel mark on Friday after yet another burst of strong economic figures from the United States encouraged some year-end