European leaders promised on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after U.S. agency S&P cut the ratings of several euro zone countries' creditworthiness.
The United Nations chief told Bashar al-Assad on Sunday to stop killing your people, and the Syrian leader offered an amnesty for so-called crimes committed during a 10-month-old revolt against him.
Iran warned its Arab neighbors on Sunday not to raise crude output to replace Iranian oil in the event of an embargo by the European Union, Tehran's governor for the Organization of the Petroleum Exporting Countries was quoted as saying.
Iran said on Saturday it had evidence Washington was behind the recent killing of one of its nuclear scientists, state television reported, at a time when tensions over the country's nuclear program have escalated to their highest level ever.
JPMorgan Chase & Co. could lose as much as $5 billion due to its exposure to sickly Portugal, Ireland, Italy, Greece, and Spain, CEO Jamie Dimon said in an interview with Class CNBC, which was carried in the Italian newspaper Milano Finanza on Saturday.
Credit-rating downgrades in the Eurozone by Standard & Poor's underline why Europe must seal a pact to tighten fiscal rules quickly and get its permanent bailout fund up and running as soon as possible, German Chancellor Angela Merkel said on Saturday.
Iran has not stored oil on tankers in the Persian Gulf, and its crude exports have not been disrupted due to mounting international pressure over its disputed nuclear program, an oil official told the semiofficial Mehr news agency on Saturday.
The top credit rating of Europe's bailout fund depends on additional financial backing from Germany and the other three remaining AAA-rated Eurozone countries, Standard & Poor's said on Friday.
The top credit rating of Europe's bailout fund depends on additional financial backing from Germany and the other three remaining AAA-rated euro zone countries, Standard & Poor's said on Friday.
European shares fell on Friday after sources said credit rating agency Standard & Poor's was set to go through with a long-mooted downgrade of several eurozone countries, weighing on sentiment for riskier assets such as equities.
These days, everyone in commerce and finance circles seems to complain about the dollar, but few institutional investors want to part with them.
German Chancellor Angela Merkel will gather the leaders of Austria, Sweden and Portugal next Thursday in a bid to broaden consultations on key European Union issues after criticism about Germany and France making too many big decisions themselves.
Asian shares rose to a one-month high and the euro clung near its strongest in a week Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day.
Asian shares rose to a one-month high and the euro clung near its strongest in a week on Friday as strong demand for Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day.
During his Latin American trip this week Iran's President Mahmoud Ahmadinejad met with former Cuba leader Fidel Castro.
It is also unknown why it took Ankara more than three years to file the charges.
The FDA announced Wednesday that it would temporarily halt all imports of foreign orange juice because of fears of carbendazim traces found in oranges, especially those from Brazil. But what exactly is carbendazim?
The European Central Bank's flood of cheap three-year money is helping the euro zone's banking system substantially and supporting confidence in the bloc's economy which is showing some signs of stabilization, its president said on Thursday.
Nobody, not the EU, the IMF nor the markets had any concerns about the Irish fiscal position prior to 2008.
Spain and Italy spread cheer through euro zone markets on Thursday with successful debt auctions at sharply lower borrowing costs in 2012's first real test of appetite for debt from the Eurozone's bruised periphery.
The Food and Drug Administration announced Wednesday that it would temporarily halt all imports of foreign orange juice because of fears of carbendazim traces found in oranges, especially those from Brazil. The import ban will last until the FDA has finished conducting a thorough investigation of carbendazim levels.
A day after re-affirming its top sovereign credit rating on Austrian government bonds, a research arm of respected French credit rating agency Fitch has issued a report noting the rapidly deteriorating level of confidence investors in the derivatives market are displaying towards that country's debt.
