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Stocks dip on rating agency comments

The U.S. stock market is slightly down Tuesday morning as rating agencies published concerns about Portugal and the U.K.

FOREX-Yen gains broadly on risk aversion; dollar higher

The yen gained across the board on Tuesday as most world equity markets fell, illustrating a rise in risk aversion as investors moved into the low-yielding Japanese currency. Appetite for risk had been boosted by Friday's better-than- expected U.S. employment report, pushing the yen down to two-week lows versus the euro and the dollar.

Greek PM urges G20 effort to rein in speculators

Greek Prime Minister George Papandreou on Monday urged the Group of 20 nations to crack down on market speculators, warning that failing to do so could trigger another global financial crisis.

Stocks mixed after global debt news; tech sector leads

In a quiet day for U.S. earnings and economic releases, major U.S. indices are mixed after some positive developments from Europe and Dubai on debt issues. The tech sector leads on Cisco and upgrades.

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Germany rules out immediate aid for Greece

Germany and the chairman of the group of countries using the euro ruled out immediate financial aid for Greece before talks on Friday with Prime Minister George Papandreou.

U.S. monitoring banks' sovereign risk exposures

U.S. regulators are closely monitoring banks' exposures to sovereign debt risk, Comptroller of the Currency John Dugan said on Monday.

Winter storms to distort U.S. jobless figures: Summers

White House economic adviser Larry Summers said on Monday winter blizzards were likely to distort U.S. February jobless figures, which are due to be released on Friday.

EU urges new Greek cuts

The European Union urged Greece on Monday to agree additional austerity measures within days to tackle a fiscal crisis that has shaken the euro zone and promised to help Athens overcome its debt problems.

Global factories enjoy bumper February

Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.

Blaming the weather for high unemployment

Snowstorms have repeatedly battered parts of the United States this winter, making it more difficult to discern returning weakness in the economy from

Greek PM to meet Merkel, Obama amid debt crisis

Greece's prime minister announced plans on Friday to meet German Chancellor Angela Merkel next week as signs grow that diplomatic efforts are under way to resolve his country's debt crisis.

Greek PM to visit Germany, seeks EU solidarity

Greece's prime minister called on Friday for more solidarity from the European Union over the country's debt crisis and announced plans to visit Germany, whose backing would be vital for any EU financial aid.

Bernanke wants answers on Goldman role in Greece

U.S. regulators are probing how Wall Street firms like Goldman Sachs helped debt-stricken Greece arrange derivatives deals that critics say were used to disguise the size of its budget deficits.

Madeira open for visitors, say operators

The island of Madeira, hit by deadly flash floods last weekend, remains open to visitors, but walking trails are still being checked for safety.

Greek strike grounds flights, shuts ministries

A nationwide strike grounded flights, trains and ferries in Greece on Wednesday as thousands rallied in Athens to protest austerity plans aimed at wrenching Greece out of a debt crisis that has shaken the euro zone.

Greece not alone in exploiting EU accounting flaws

Fury over Greece using derivatives that masked its debt conveniently ignores the fact that euro zone countries and EU bookkeepers have approved other deals worth billions of euros for over 10 years.

Euro's future in question even if Greece rescued: Soros

A makeshift assistance should be enough to rescue Greece but bigger problems facing Europe would leave the future of the euro currency in question, billionaire investor George Soros said.

Up to 25 billion euros in aid mulled for Greece: report

Germany's finance ministry has sketched out a plan in which countries using the euro currency will provide aid worth between 20 billion and 25 billion euros ($27-$33.7 billion) for Greece, a magazine reported on Saturday.

Up to $34 billion in aid mooted for Greece: report

The countries using the euro currency will together provide aid worth between 20 billion and 25 billion euros ($27.2 billion and $34 billion ) for Greece, according to Germany's Finance Ministry, a magazine reported on Saturday.

CORRECTED: Up to 25 billion euros in aid mooted for Greece

Corrects currency in first paragraphThe countries using the euro currency will together provide aid worth between 20 billion and 25 billion euros ($27.2 billion and $34 billion ) for Greece, according to Germany's Finance Ministry, a magazine reported on Saturday.

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