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China could face an economic crisis unless it implements deep reforms, including scaling back its state-owned enterprises and making them operate more like commercial firms, a report says.

Members of the Group of 20 advanced and developing economies plan to renew pressure on Europeans in coming days to expand their Continent-wide bailout funds, despite the latest rescue deal for Greece.

The White House proposal to overhaul the U.S. corporate-tax code by lowering rates and limiting deductions faced immediate resistance from business groups and many Republicans.

Sales of previously occupied U.S. homes rose last month to the highest level in more than 1½ years, while the inventory of unsold homes contracted to a level economists consider healthy, positive signs for housing.

World financial markets may have breathed a collective sigh of relief over the rescue package for Greece, but European bank stocks have fallen since the announcement. This year is likely to be one of retrenchment as lenders work to meet strict capital requirements.

Turkey has that most scarce, yet highly sought-after, attribute among European economies: growth. With this rising tide, is now the time for investors to be contemplating Turkey's growing Internet economy?

Chancellor George Osborne came under increasing pressure to introduce tax cuts in next month's budget in a bid to stimulate the economy.

Asian companies are tapping bond markets at a record pace, worried that the euro-zone crisis may deepen and make it impossible for them to secure funds later in the year, say bankers who arrange borrowing.

Greece braced for further anti-austerity protests while the country's parliament was debating legal changes that would clear the way for a debt restructuring.