Portugal's caretaker government signed up to a 78 billion euro EU/IMF bailout on Thursday, warning its terms would push it into recession this year and next.
The Portuguese will likely descend into a deep recession over the next two years, after Lisbon country signed terms of a bailout from the European Union, warned the country’s finance minister.
The European Central Bank will show its determination to check firming price pressures at its meeting on Thursday with markets focusing on whether it uses the strong vigilance codewords to signal a rate rise in June.
Kenneth Roth, the executive director of Human Rights Watch (HRW), has criticized the U.S. government for killing Al Qaeda chief Osama bin Laden without due process.
Gunmen ambushed a convoy of police in northern Turkey shortly after a rally was held there by Prime Minister Recep Tayyip Erdogan, according to Turkish media reports.
Gold sat tight as Silver Prices sank once more in London trade on Wednesday morning, holding above last night's 2-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of bear market.
Portugal reached a deal with the European Union and the IMF Tuesday on a 78 billion euro 3-year bailout, the third euro zone member to do so after Greece and Ireland, caretaker Prime Minister Jose Socrates said.
Portugal has agreed a three-year, 78-billion-euro ($116 billion) bailout with the European Union and IMF, caretaker Prime Minister Jose Socrates said on Tuesday.
Portugal is close to reaching an agreement with the European Union and IMF on a bailout for the debt-laden country and there are no disagreements between the donors, the European Commission and the IMF said on Tuesday.
Here is a selection of comments from prominent global figures on news of the death of Osama Bin Laden:
The beatification ceremony of the late Pope John Paul II in the Vatican will have at least one very unusual guest – Robert Mugabe, the murderous dictator of Zimbabwe.
The Syrian government has deployed troops on the streets of the capital Damascus with tear gas to stamp out yet another round of anti-regime protests, according to reports.
More high profile defections from the Baath Party over the last two days have weakened Syrian President Bashar Al-Assad even as the world is keenly watching how the opposition’s planned ‘day of rage’ will unfold today.
As the death toll mounts in Syria amidst an increasingly brutal crackdown against anti-government protesters, the call for imposing sanctions on the country are rising in the west.
The budget deficit for cash-strapped Greece is even worse than previously thought, according revised data from the European Union’s statistical office, Eurostat.
Italy and France have called on the international community to cease shipping oil products to the regime of Libyan leader Moammar Gaddafi and also asked market operators not to purchase Libyan crude oil.
RBC Capital Markets said FDA could approve Endocyte Inc.'s (NASDAQ: ECYT) EC145 to treat women patients with platinum-resistant ovarian cancer.
International Business Times spoke to Dilshod Achilov, a professor of political science at East Tennessee State University, in Johnson City, Tenn., to discuss Turkey’s evolving role in the Middle East, how it is handling the revolutions in the Arab world and its chances for accession into the EU.
The euro has decoupled from the euro zone peripheral debt crisis in 2011.
Real gross domestic product (GDP) growth in the United States will reaccelerate, and reach 3.5–4 percent in the second half of this year, IHS Global Insight said in its April World Flash report.
A report from German scientists has refuelled apprehensions over the carcinogenic implications of energy saving devices, bulbs in particular.
The British government has rejected a proposed increase in the European Union (EU) Commission’s annual budget as “totally unacceptable” in the current climate of austerity cuts across Europe.
