VIENNA - The oil cartel OPEC decided on Thursday not to cut petroleum production, despite the plunge in prices in recent months that has indicated the diminishing clout of the organization.
ZURICH�The World Trade Organization reached an agreement on Thursday to modernize global trade infrastructure and regulations, overcoming a monthslong standstill that threatened to derail a conclusion.
Joaquim Levy, Brazil's new finance minister, immediately committed to restoring balance to the country's struggling public finances in comments that will please investors and rating agencies.
European Parliament President Martin Shulz, left, talks with German-speaking Jean-Claude Juncker, president of the European Commission.
Germany's unemployment rate has hit a record low, but slower inflation has raised concerns over deflation. The Federal Statistical Office revised October's unemployment number from 6.7% to 6.6%, November's figure was also 6.6%.