Iran's military said on Sunday it had shot down a U.S. reconnaissance drone aircraft in eastern Iran, a military source told state television.
Earnings season is about a month away, but the early signals are not comforting. Companies lowering estimates outpace those raising them by the greatest ratio in 10 years -- and some sectors, such as materials, have seen a dramatic fall in expectations for the fourth quarter.
Iran's Foreign Ministry believes that if the West seriously considered blocking Tehran's ability to export oil, the global price of crude would more than double, Foreign Ministry representative Ramin Mehmanparast was quoted as saying on Sunday.
The U.N.'s climate chief said that she believes countries can snap the deadlock that has lasted for years and sign up to fresh and binding commitments to cut greenhouse gases.
At least two dozen people have died in renewed fighting in the northern part of Syria between security forces loyal to President Bashar al-Assad and members of the Free Syria Army (FSA), amid fears the country is descending into a state of civil war.
Paris officials went to great pains to explain that this was only a temporary security measure.
The euro zone will once again serve as the source of Wall Street's angst, as investors look to a summit of the region's political leaders for decisive solutions for the ballooning debt crisis.
Overnight clashes between security forces and army defectors in northern Syria left 15 people dead early Saturday, activists said. Seven were soldiers, five were defectors, and three were civilians.
The Eurozone will once again serve as the source of Wall Street's angst next week, as investors look to a summit of the region's political leaders for decisive solutions for the ballooning debt crisis.
U.S. Treasury Secretary Timothy Geithner is set to urge key European officials to take decisive action next week at a make-or-break summit to prevent a debt crisis from turning into runaway contagion.
Every country in the Eurozone needs to set up a special national fund for sovereign debt that is more than 60 percent of gross domestic product, Germany's finance minister told a newspaper in comments released on Saturday.
Earnings season is just over a month away, but the early signals are not comforting.
Stocks ended flat on Friday but capped the best week for Wall Street bulls in almost three years after data showed the U.S. unemployment rate dropped to a 2-1/2 year low.
The Canadian dollar ended weaker against the U.S. currency on Friday, following the euro lower, as worries about Europe's debt crisis and disappointing domestic employment data ended a four-day winning streak.
Toronto's main stock index was higher on Friday morning, on track to post its biggest weekly gain in more than two years, pushed up by strong bank earnings, encouraging U.S. jobs data and talk of more action to ease Europe's debt.
Investors pushed stocks higher on Friday, heading for the best week since early 2009, on news the U.S. unemployment rate fell to a 2-1/2 year low.
Abdulfattah John Jandali, Steve Jobs' biological father, has declared his support for the Syrian protesters after the government banned his son's invention, Apple iPhone throughout the country.
European shares rose on Friday, recording their biggest weekly gain since late 2008, on hopes Eurozone leaders were coming together to find a solution to the Eurozone debt crisis.
The United Nations High Commissioner for human rights on Friday urged the UN Security Council to refer Syria to the International Criminal Court in the Netherlands following a reveal of evidence by an independent panel that suggests the country's security forces have committed crimes against humanity as it attempts to clamp down on an eight-month-old uprising.
British Prime Minister David Cameron threatened on Friday to obstruct a Franco-German drive for swift change to the European Union's treaty intended to help save the euro.
Gordhan said that the debt crisis in Europe is harming economies thousands of miles way.
The euro rose for a fifth straight session against the dollar on Friday, bolstered by speculation that the European Central Bank may lend to weak euro zone countries through the International Monetary Fund.
