Syria Round-Up: Putin Pressed, Assad Doubles-Down
Russian Prime Minister Vladimir Putin is expected to be pressured on the Syrian crisis when he meets with European leaders in St. Petersburg on Monday.
Spain's PM: Fiscal Union + Monetary Union = New Euro Zone
Spanish Prime Minister Mariano Rajoy proposed on Saturday that the 17 countries in the euro zone create a common fiscal authority, with each surrendering a significant amount of its national sovereignty to send a signal to financial markets about the certainty of their single-currency experiment.
As Israel And Cyprus Ally Over Energy, The Rest Of The Region Feels The Aftershock
The recent discoveries of gas in the eastern Mediterranean creates a whole new energy paradigm for two nations -- Cyprus and Israel -- which formerly were believed to possess no natural resources at all. Their subsequent alliance has further upset the geopolitical balance in the Near East.
Euro Zone Unemployment Grows By 110,000 In April
Some 110,000 people were added to the unemployment rolls of the 17-nation euro zone in April, the statistical office of the European Union reported Friday, once again setting a record high, as every country in the common currency agreement save for Austria, Germany and Ireland reported a deteriorating labor condition. The unemployment rate held steady at 11 percent.
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Spurned by Saviors, Spanish Bank Turns to ... Spider-Man
Facing what seem to be minute-by-minute rejections of various bailout scenarios, Spanish bank Bankia S.A. -- the country's fourth-largest financial institution, which is currently embroiled in a crisis of insolvency -- is putting its faith in the web-shooting hands of a Marvel Comics superhero, Spider-Man.
U.S. Looks For Russian Support In Syria
Treasury Undersecretary for Terrorism and Financial Intelligence David Cohen said in Washington on Wednesday that he will travel to Moscow in the very near future.
Russia?s Arms Deals With Syria: A Timeline
A history of the Russia-Syria military relationship, starting with the 1973 Arab-Israeli War.
EU Recommends Bank Bailout 'Union'; Germany Shoots Down Plan
The European Union recommended Wednesday that the 17 countries of the euro common currency union create and fund a banking union for bailing out insolvent banks, preventing the fiscal and political stresses such moves have on individual national governments. The union would be funded by the European Stability Mechanism, one of the EU's standing bailout funds.
A Tale Of Two Nations: Suu Kyi Will Find Thailand A Stark Contrast To Native Myanmar
She had spent 15 of the past 24 years under house arrest and refrained from leaving the country out of fear she would never be permitted to return.
Spain's Desperate Effort To Save Its No. 4 Bank - AIG All Over Again?
U.S. investors came back from a long holiday weekend Tuesday to news of Spain's government aiming to stave off an apparently imminent collapse of nationalized financier Bankia S.A. -- the country's fourth-largest bank -- with a ?19 billon ($23.8 billion) capital injection.
Merkel's Stand Against Euro Bonds Looks Like A Losing Battle; Has France's Hollande Outdueled The Chancellor?
German Chancellor Angela Merkel, having so far successfully fought off the idea of euro bonds, is besieged on all sides as leaders line up behind French President Francois Hollande and his appeals for the collective financial instrument.
Greek Pro-Bailout Party Regains Lead Over Anti-Bailout Party: Polls
Greece's conservatives have regained an opinion-poll lead that could foreshadow the formation of a pro-bailout government committed to keeping the country in the euro zone, a batch of new surveys showed on Saturday.
GCC: Can The Arab Gulf States Form A Political And Economic Union To Rival The EU And Shut Out Iran?
The contemplated union of Saudi Arabia and Bahrain forms only one part of a potentially much wider alliance -- the political, military and economic integration of the Gulf Cooperation Council (GCC), which comprise Saudi Arabia, Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE) and Oman.
EU Sues Argentina For 'Protectionism' As Trade Row Deepens
The European Union has filed a suit with the World Trade Organization against Argentina?s import restrictions, raising the dispute between the EU and the South American nation only weeks after Buenos Aires nationalized Spanish oil firm Repsol?s subsidiary in the country.
After Greece Exits The Euro, What's Next? An Illustrated Guide To 5 Possible Scenarios
Moving swiftly from the realm of tin foil-hat conspiracy to a bullet point being openly talked about as a fait accompli by international financiers, an exit by Greece from the European common currency dominated conversation this week. But what would actually happen if Greece left the euro?
Is Germany Next? Investors Flee Madrid's CDS For Berlin
Investors are increasingly making a flight to quality as they pull out of credit-default swaps hedges on Europe's primary index as well as the markets for periphery nations like Spain, a trend which indicates higher expectations that periphery nations are unable to repay their debts and a lack of confidence in the political will of the economic union.
Iran Agrees To Resume Nuclear Talks Next Month In Moscow
The talks between the permanent UN Security Council members plus Germany (P5+1) ended in Baghdad after two days of tough negotiations surrounding Iran's alleged nuclear weapons program, which Iran had threatened to walk out of following the P5+1's refusal to scale back economic sanctions.
Call My Bluff: Greece Dares EU As It Edges Closer To 'Drachmageddon'
Greece, a country that accounts for less than 2 percent of the union's GDP, continues to wreak havoc among EU leaders as they plead and threaten the Mediterranean basket case to abide by a harsh medicine of tax rises, welfare cuts and liberalization.
EU Court Rejects MasterCard Claim That Fees Benefit Cardholders
MasterCard Inc. (NYSE: MA) said Thursday it will appeal a decision by Europe's second-highest court rejecting the credit card company's argument against an EU ban on cross-border card fees, Reuters reported.
Stevia: Miracle Sweetener May Have A Sour Note
The meteoric rise of a natural, healthy alternative to sugar - a holy grail for the food industry - might just be a little too good to be true. In two years stevia, a plant used for centuries by Paraguay's Guarani Indians, has shot to prominence in products by Coca-Cola, Danone and Merisant.
US Stock Futures Point To Lower Opening Thursday
Futures on major U.S. indices point to a lower opening Thursday ahead of initial jobless claims and durable orders data.
Asian Markets Fall As Euro Zone Concerns Persist
Asian markets fell Thursday on increasing concerns about the debt crisis looming over the euro zone as national leaders were unable to present specific steps to overcome the situation in Europe.
Euro Drops As Leaders Meet; France, Germany Split
As European leaders struggled to hold the euro zone together at a nighttime summit in Brussels, a widening gap emerged between Germany and France, which are now under new management.
The Veiled Plight Of The European Roma: New Report Calls For End To Discrimination
For centuries, the Roma people have been marginalized and misunderstood by their European neighbors. A new report by the European Agency for Fundamental Rights (FRA) sheds light on this age-old human rights issue.
Germany Now Borrowing Money For Free
Investors on Wednesday eagerly snatched up a new two-year German bond with a zero-percent coupon, meaning investors were willing to pay to loan money to Europe's strongest economy when expected inflation is factored in. The yield ended at 0.07 percent.
Spain's Banks In Focus Ahead Of Bankia Rescue Plan
Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis.
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