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Greek euro

German Growth Rescues Euro From Dive

The euro pulled back from a four-month low against the dollar during Asian trading Tuesday after Germany, the euro zone's largest economy, announced first-quarter GDP growth of 0.5 percent.
Driven Off

Xenophobia Among Chinese Netizens High After Alleged Attempted Rape

China's internet community is abuzz with anger and xenophobia. Netizens are livid over the discovery of an alleged case of attempted rape of a young Chinese woman by a Western tourist in Beijing. However, other examples of selfless good deeds by visiting tourists temper sentiments.
Traders

Europe Uneasiness Endures, China Frees Up Cash: Daily Markets Wrap

Political discord in Greece, voters punishing German Chancellor Angela Merkel's Christian Democrats, lower euro zone manufacturing output and China freeing up cash for lending all contributed to a global stocks slide as investors pursued the safe havens of government debt and the dollar.
Demonstrators in Daraa

China Sends Observers As Syria Nears Civil War

China sent military observers to Syria as part of the U.N. mission there supervising a crumbling ceasefire. Meanwhile, bombings last week in Damascus and attacks against a U.N. convoy in the south call into question the safety of peacekeepers in the country.
Daniel S. Loeb, pirncipal, Third Point Capital

Memo To Loeb: You Broke Yahoo -- 5 Ideas to Fix It

Congratulations, the good guys finally won. You and your team, with help from other institutions, have ousted CEO Scott Thompson, elected three Third Point nominees to the board, removed another handful of management nominees and effectively control the company. Now what?
Underground mining machine

Gold Prices Tumble To Four-Month Low

Gold prices fell to a 4-1/2-month low on Monday, hit by concerns about a worsening debt crisis in the euro zone following political deadlock in Greece which fuelled risk aversion and put pressure on the euro.
US Stocks

US Stock Futures Signal Lower Start Monday

U.S. stock index futures pointed to a lower open on Wall Street on Monday, with S&P 500 futures down 1 percent and contracts for the Dow Jones and Nasdaq 100 down 0.9 percent.
South China Sea Protests

China-Philippines Territorial Standoff Leads To Clampdown on Trade; Economic Sanctions Likely

Trade relations between China and Philippines are likely to go downhill unless territorial dispute between the two governments over the South China Sea is resolved, believe experts. The standoff has apparently extended to economic crisis, with fruit trade and tourism sectors already taken a hit, the China Daily reported. Unless bilateral tensions ease over disputed ownership of Huangyan Island, the problem may likely worsen with economic sanctions imposed.
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Wall Street To Slide, S&P 500 Faces Key Test

U.S. stock index futures fell sharply on Monday, tracking global equity markets lower as a political impasse in Greece heightened concerns about the Europe's debt crisis as the region struggles to avoid a deepening recession.

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