GERMANY

Greece Deadline Miss Ripples Through World Markets

Greece's Finance Minister Evangelos Venizelos
A failure on the part of Greece's politicians to agree on an austerity framework rippled through the currency markets of London, the government halls of Budapest and the pits of the New York Stock Exchange Monday morning. The nonevent was only the headline occurrence in a morning that was also filled with contradictory, and at times despondent, statements out of Athens.
Ayatollah Ali Khamenei

Iran Crisis: Obama Vows to Protect Israel

Iran has repeatedly threatened Israel with destruction. U.S. President Barack Obama has vowed that his country will do everything it can to protect long-time ally Israel.
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Europe's debt rose to 82 percent of output at end-Q3

The European Union's total government debt rose slightly to 82.2 percent of economic output in the third quarter of 2011, the EU's statistics agency said on Monday, lower than the United States but still a burden that could take decades to pay down.
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Asian stocks rise, U.S. jobs gain outweighs Greece

Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investors' risk appetite, but the euro sagged on worries over a lack of progress in Greek debt restructuring talks which are vital to containing the euro zone crisis.
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Gold Edges up After Heavy Losses on U.S. Jobs Surprise

Spot gold edged higher on Monday after surprisingly strong U.S. jobs data sent prices down nearly 2 percent in the previous session, as investors shifted focus to a looming deadline for Greece to accept the terms of a new bailout deal.
Workers maintain the huge Euro logo next to headquarters of ECB in Frankfurt

Europe's Shadow Darkens Outlook

A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.
The Euro sculpture is pictured in front of the ECB headquarters in Frankfurt

Euro Zone Leaders Tell Greeks: No Rescue Without Reforms

Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from the euro zone and the IMF.
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Euro zone loses patience with Greece

Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.
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Eurozone loses patience with Greece

Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.
The U.N Security Council votes on a European-Arab draft resolution endorsing an Arab League plan calling for Bashar al-Assad to give up power in New York

China and Russia Veto U.N. Resolution Against Syria’s Assad

China and Russia have vetoed a resolution by the U.N. Security Council calling for the resignation of Syrian President Bashar al-Assad amid worsening violence in that country. The resolution backed a similar resolution proposed earlier by the Arab League.
Homs

Syrian Forces Shelling Kills over 200 in Homs

More than 200 people were killed in shelling by Syrian forces in the city of Homs, activists said on Saturday, as the U.N. Security Council prepared to vote on a draft resolution backing an Arab call for President Bashar al-Assad to give up power.
A worker performs a quality test on automobile parts at a factory in Ludhiana, in the northern Indian state of Punjab on Jan. 18, 2012.

Global Manufacturing Buzzing So Far in 2012

Almost every major global economy showed positive momentum in the manufacturing sector during January, according to data compiled by various economic-research organizations.
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Rivals swoop in as Hungary's Malev stops flying

Hungarian flag-carrier Malev ceased operating early on Friday after its planes were held overseas for unpaid debts, leaving a gap in the market that low-cost competitors were quick to exploit.
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Siemens on look-out for new CEO for NSN: union rep

Siemens AG is on the look out for a new chief executive for its mobile phone network equipment joint venture Nokia Siemens Networks , Siemens supervisory board member Sibylle Wankel told reporters on Friday.
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Apple to resume full online sales in Germany

Apple Inc said it was cleared to resume selling older models of its iPhone and 3G-based iPads via its German online store on Friday, after the suspension of an injunction won by Motorola Mobility Holdings Inc in December.
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Central bank liquidity tap to stay open

After a blockbuster January for both equities and bonds - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money.

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