Crude oil futures rallied during Asian trading hours Friday after European Union leaders agreed on support for Spain and Italy.
Most Asian markets rose Friday as investors remained hopeful that policymakers would reach an agreement on bold steps to save the euro zone at the EU summit.
Following an extended game of chicken, the Obama administration granted China and Singapore an exception to the Iranian oil sanctions, senior White House officials said Thursday.
National stereotypes and the European debt crisis entwine as Italy and Germany meet Thursday for the European Cup semifinal.
U.S. stock index futures declined Thursday morning, pointing to a lower opening on Wall Street ahead of a decisive European Union summit in Brussels, where EU leaders will meet to tackle the euro zone debt crisis head on. The summit will take place June 28-29.
Asian stock markets mostly advanced Thursday as better-than-expected economic data from the US buoyed sentiment, but gains were capped as investors are being cautious ahead of the EU summit later in the day.
Most Asian markets rose Thursday as encouraging data from the U.S. softened concerns about the debt crisis looming over the euro zone.
Christofias criticized the EU, the ECB and IMF for behaving like a ?colonial force? with respect to its fiscal demands on Greece.
Latin America and China are closer than ever, and Prime Minister Wen Jiabao is touring the continent with a bucketful of money. Everybody wins? Some critics are skeptical
Spanish 10-year government bonds have been edging toward an unsustainable 7 percent yield for weeks now, with current yields above 6.8 percent.
It is just amazing how we never learn from other people's mistakes.
U.S. stock index futures point to slightly lower opening Wednesday as investor sentiment is weighed down by the concerns of debt crisis looming over the euro zone.
Asian stock markets mostly advanced Wednesday but gains were capped as investors are opting for caution ahead of the EU summit that begins on Thursday.
European markets rose Wednesday following global cues but investors remained watchful about the debt crisis lingering over the euro zone.
Crude oil futures slightly declined and hovered above $79 a barrel during Asian trading hours Wednesday as doubts over the ability of European leaders to address the debt crisis at a summit this week offset concerns over tightened North Sea supplies due to a strike in Norway.
Most Asian markets rose Wednesday but investors remained watchful about the the debt crisis looming over the euro zone.
Banca Monte dei Paschi di Siena SpA, a 540-year-old financial institution commonly called Europe's oldest bank, was the newest Continental house of finance to receive a government bailout, after the Italian Treasury granted the bank a ?3.9 billion ($4.87 billion) credit lifeline Tuesday. The rescue came even though Monte dei Paschi is seen as basically insolvent by the markets and is led by a banker currently under criminal indictment.
According to the Economic and Social Research Institute's latest Perinatal Statistics Report, Ireland's birth rate increased nearly 30 percent over the past ten years, equating to about 17,000 more births in 2010 than ten years prior.
Spain's short-term borrowing costs almost tripled during Tuesday's debt auction, a day after Moody's downgraded the country's banking system.
At stake, according to analysts, is nothing less than the future of the euro and possibly of the European Union itself, with markets and global leaders demanding tangible solutions to Europe's rapidly degenerating debt crisis.
Asian Stock markets mostly declined Tuesday as market participants continued to doubt the ability of European leaders in tackling the debt crisis at a European summit later this week.
U.S. stock index futures point to a slightly higher opening Tuesday after Monday's sell-off, but investors remain watchful as euro zone debt crisis concerns linger.
