Greece's president spoke of “fear that could develop into panic” at the country's banks in the weeks before fresh elections that could precipitate Athens' exit from the eurozone.

The benchmark Morgan Stanley Capital International (MSCI) index provider yesterday announced it has lowered Taiwan's weighting in two of its key indexes as part of a half-yearly review.

Reverberations from JPMorgan Chase's multibillion-dollar trading loss deepened in Washington on Tuesday, with the Democratic leader of the Senate blasting the nation's largest bank for “gambling” and congressional Republicans putting the brakes on a plan to soften Wall Street reforms.

Sales at U.S. retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter.

Financial institutions from around the world called for delay and changes to soften proposed U.S. rules to combat offshore tax evasion at an Internal Revenue Service (IRS) hearing on Tuesday.

The United States and European Union are laying the groundwork for trade talks that could quickly produce an agreement to help boost jobs on both sides, U.S. Trade Representative Ron Kirk said on Tuesday.

The government's vehicle for promoting U.S. export sales survived a challenge from conservatives Tuesday with a Senate vote to renew the charter of the Export-Import Bank for three years. The vote, coming after the Senate rejected amendments to weaken or kill the bank, sends the measure to President Barack Obama for his signature.

Foreign demand for U.S. Treasury securities rose to a record high in March. China, the largest buyer of Treasury debt, increased its holdings for a third straight month.

North Dakota has passed Alaska to become the second-leading oil-producing state in the U.S., trailing only Texas, state officials said Tuesday.

World stocks and the euro fell and borrowing rates for eurozone countries signaled alarm on Wednesday at new elections in Greece, prolonging agony for the eurozone.