“The euro area crisis remains the key risk to the world economy,” OECD stated.
Stock index futures jumped on Monday on optimism over the latest round of proposals out of Europe designed to corral the growing Eurozone debt crisis.
Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the Eurozone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.
Gold prices surged Monday as German and French leaders worked on emergency plan to save the Eurozone within weeks rather than months and strong U.S. retail buying bolstered equities.
Stock index futures pointed to a sharply higher open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 2.2 to 2.6 percent.
Stock index futures pointed to a sharply higher open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 2.2 to 2.6 percent.
President Barack Obama will press European Union officials Monday to reach a definitive solution to their sovereign debt crisis which is emerging as a major 2012 U.S. election worry, Reuters reports.
Belgium and Hungary were downgraded late in the week, fueling more fire to the already credit-sensitive region.
Detailed operational rules for the euro zone's bailout fund, the European Financial Stability Facility , are ready for approval by euro zone finance ministers on Tuesday, documents obtained by Reuters showed on Sunday.
Germany and France are exploring radical methods of securing deeper and more rapid fiscal integration among euro zone countries, aware that getting broad backing for the necessary treaty changes may not be possible, EU officials say.
Protesters gathered again in Cairo's Tahrir Square on Sunday to try to evict the generals who replaced Hosni Mubarak, in a trial of strength that has muddied the run-up to Egypt's first vote since a popular revolt deposed the former leader this year.
Over the past year, the international movement to halt the shark fin trade has made leaps and bounds, moving up the chain from campaigns targeting consumers to efforts by politicians to implement stricter legislation against the sale, possession and distribution of shark fins. From the U.S. West Coast to Europe and Asia, progress is being made to turn the dish itself into an endangered menu item.
The numbers for Malta are 21.1 percent for women are obese (second highest in Europe) and 24.7 percent for men (the highest for the continent).
German Chancellor Angela Merkel and French President Nicolas Sarkozy are planning more drastic means -- including a quick, new Stability Pact -- to fight the Eurozone sovereign-debt crisis, Welt am Sonntag reported Sunday.
The dumping case alleges U.S. subsidies issued in the form of tax credits and a bio-fuel grant program including local state support in Illinois, Minnesota, Nebraska and South Dakota, are hurting companies in Europe, reports AFP.
The situation has become so volatile that police have banned any more political rallies before Monday’s vote takes place.
Almost one-fourth of women in the United Kingdom -- 23.9 percent -- were obese as of the 2008-2009 period; while 22.1 percent of British men are fat.
Egyptian protesters demanding an end to army rule clashed with police firing tear gas in central Cairo on Saturday in a flare-up that cast another shadow over a parliamentary election billed as the nation's first free vote in decades.
History will remember 2011 as the year of the popular uprising. The common man is creating history in different corners of the world. What else do the Arab Spring, the Occupy Wall Street protests, the anti-austerity protests in Greece and Spain, and the anti-corruption campaign in India herald?
U.S. investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one because, otherwise, market losses could have been larger.
Moscow will have the rights to raise the price of gas in the coming years.
The Italian government was forced to pay out a record 6.5 percent in interest rate at an auction on Friday, thereby putting even more pressure on the nascent government of Prime Minister Mario Monti.
