Speculating on Greece defaulting is a sure way to lose money, European Central Bank President Jean-Claude Trichet was quoted as saying in remarks released on Wednesday.
The Greek sovereign debt crisis has been resolved, and NFL owners and players have inked a new contract. Is a debt deal between Democrats and Republicans up ahead? As the saying goes -- "things occur in threes."
The top pre-market NASDAQ Stock Market gainers are: Questcor Pharmaceuticals, CalAmp, Trius Therapeutics, RF Micro Devices, Amazon.com, and Affymax. The top pre-market NASDAQ Stock Market losers are: Illumina, P.F. Chang's China Bistro, CIENA, JDS Uniphase, Level 3 Communications, and Virgin Media.
The European Union defines High speed trains, also called Bullet trains for their appearance, with a speed limit of up to 250 kilometers per hour; while in the United States, Federal Railroad Administration identifies speed above 177 kilometers per hour for high speed trains.
Europe is promising to help kick-start economic growth in Greece as a way of dragging the country out of its debt crisis, but the scheme looks likely to move too slowly to have much impact in the next couple of years.
The U.S. dollar remained on the defensive in early Asia-Pacific having hit record lows on the safe-haven Swiss franc as the market awaited the latest attempt by President Barack Obama to break the deadlock on debt talks.
The dollar slumped to a record low against the Swiss franc and a four-month trough versus the yen on Monday, with more losses seen if U.S. lawmakers fail to compromise on a deficit reduction plan.
Chinese officials have ordered the closure of two out of five fake apple stores in Kunming that were uncovered last week by an American Blogger.
If Anders Breivik were not a mass killer he would have been an academic of quite some substance -- it is with commanding flair that he flits from one philosopher to another in his raving 1500-page thesis against multiculturalism in Europe, the idea of political correctness and the perceived Islamization of Europe. His thesis contains some of the most potent and abrasive tirades against multiculturalism to this date. Drawing on his conviction that an Islamic colonization of Europe is taking place...
Two separate attacks in Oslo are thought to be the work of terrorists.
Greece's sovereign debt crisis will prove unique in the euro zone and will not spread to other countries, European Central Bank President Jean-Claude Trichet said in a newspaper interview on Friday.
What does the arrest of Goran Hadzic mean for Serbia's future?
The Euro zone countries have agreed to provide Greece with a second bailout valued at 135-billion euros (about $194-billion) over the next thirty years.
Authorities in Serbia have captured Goran Hadzic, the last remaining fugitive suspected war criminal sought by the United Nations tribunal for the former Yugoslavia.
Strong company results and hopes for a settlement in the U.S. debt ceiling row boosted global equities on Wednesday while currency markets remained on edge over the euro zone debt crisis.
A rescue package for Greece could involve a short-term default without disastrous repercussions for the euro zone, Austria's central bank governor said, the first sign of a crack in the European Central Bank's hard line.
Spot gold prices touched a new record high of $1598.41 on Monday, extending the longest rally in about 40 years. The latest wind in the tail came from worsening worries of a European sovereign crisis and the painful stalemate in the US debt ceiling talks that has raised the specter of an unprecedented Treasury default.
Russian will not recognize the rebel government in Libya.
Banks that scraped through the European Union's stress test of 90 lenders will start feeling the heat Monday from investors to beef up capital buffers.
Markets won't punish Spain on Monday even though the majority of banks that failed Europe-wide stress tests were Spanish, the head of the European Banking Authority said in an interview.
Allowing the EFSF bailout mechanism to buy back bonds from the secondary market would help deal with Europe's debt crisis, European Central Bank Executive Board member Lorenzo Bini Smaghi told a Greek newspaper.
Euro zone leaders will meet in Brussels on July 21 to discuss a second bailout package for Greece and the financial stability of the euro area, European Council President Herman Van Rompuy said on Friday.