Asian shares drifted up toward a one-month high on Thursday as Chinese bank shares bounced higher on hopes of a near-term pause in policy tightening, while the euro steadied before a widely expected rate hike from the European Central Bank later in the day.
World stocks steadied below a recent 4-1/2 month high on Tuesday while the euro fell as worries about further monetary tightening in China and caution over the euro zone and U.S. economic outlook made investors hesitant.
The finance minister of Poland has criticized the European Union (EU) for the way it has handled the Greek financial crisis.
A new undercover investigation conducted by Mercy For Animals, an animal rights group based in Chicago, revealed that at this factory firm mother sows and their piglets are forced to suffer brutal abuse and lives of unrelenting confinement and misery.
European investigators from the European Food Safety Authority are looking to Egyptian fenugreek seeds as a potential culprit in this month's E. coli pandemic.
Eurogroup President Jean-Claude Juncker moved forward a meeting of euro zone finance ministers scheduled for Sunday in Brussels and changed it to a conference call on Saturday, his spokesman said on Friday.
U.S. airlines will step up their campaign against European Union climate policy next week, with a legal challenge at Europe's highest court to their inclusion in the EU carbon market.
Jean-Claude Trichet scotched speculation on Thursday that the European Central Bank may delay interest rate rises because of Greece's plight and the contagion threat it poses, saying the bank was in strong vigilance mode.
While the passage of the bill gives Greece some breathing room, lowers the risks of an immediate default and will keep the country afloat, the actual implementation of the budget may be very difficult -- if not impossible.
While the passage of the bill gives Greece some breathing room, lowers the risks of an immediate default and will keep the country afloat, the actual implementation of the budget may be very difficult -- if not impossible.
The Hague-based International Criminal Court on Monday issued arrest warrants for Libyan leader Moammar Gadhafi, his son and the country's spy agency chief for crimes against humanity committed four decades ago.
European Central Bank Governing Council member Yves Mersch said on Saturday a Greek sovereign debt default would lead to chaos, adding it was up to the parliament to deliver on its austerity promises.
Despite the ongoing crisis with euro zone debt, the United Kingdom could still join the euro, said former British Prime Minister Tony Blair.
Stocks fell on Friday as worries about the Italian banking sector added to uncertainty about passage of a Greek austerity plan, and the S&P 500 again tested a key technical level.
EU leaders appointed Italy's Mario Draghi as the next president of the European Central Bank on Friday but it was unclear whether another Italian on the ECB's Executive Board would step down to smooth the process.
European Union leaders have formally appointed Italy's Mario Draghi to be the next president of the European Central Bank, draft conclusions from the EU summit showed on Friday.
It's been said that Congress doesn't react unless American voters compel it to do so. Well, U.S. Treasury Secretary Timothy Geithner is imploring Congress to 'get ahead of the curve,' on the budget deficit / debt ceiling issue, as the consequences of not acting could be enormous: it would leave the U.S. vulnerable to rising interest rates, if the Greece debt situation triggers another financial contagion.
Greece’s largest unions have called for a 48-hour general strike next week to protest a new austerity package that the nation’s parliament will vote on.
The top pre-market NASDAQ Stock Market gainers are: Repligen, Bed Bath & Beyond, Cavium Networks, JetBlue Airways, and Pain Therapeutics. The top pre-market NASDAQ Stock Market losers are: GTX, Logitech International, F5 Networks, Discovery Communications, Melco Crown Entertainment, Apple, and Google.
The European Parliament formally endorsed Italy's Mario Draghi to be the next president of the European Central Bank on Thursday.
U.S. technology companies are worried a victory against European Union tariffs at the World Trade Organization last year may not yield the bonanza they expected because of the way the EU intends to implement the decision, industry representatives said on Wednesday.
The European Union (EU) should not provide a second bailout to Greece because, among other things, by the year 2014, nearly two-thirds of Greek debt will be owned by taxpayers, according to Open Europe.
