Stock index futures edged higher on Wednesday as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.
The ongoing Eurozone debt crisis and the efforts to find a way out and save the single currency could potentially shake up and redefine the global economic equilibrium.
On the heels of Super Bowl 2012 halftime show, which was viewed by a record setting 114 million people, Madonna has announced plans and details of an upcoming 2012 world tour.
The domestic economic evidence in the U.S. has remained upbeat in early 2012, with a much better than expected employment report for January being the latest piece of good news according to the report by IHS Global Insight.
German Chancellor Angela Merkel told Greece Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.
The current gold rally is expected to continue due to a combination of monetary and fiscal influences, HSBC analyst James Steel reported to investors Sunday.
Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout, as German Chancellor Angela Merkel made clear Europe's patience is wearing thin over drawn-out negotiations among its feuding political leaders.
Treasure hunter Greg Brooks claimed he has located the wreck of a World War II British merchant ship that was carrying a load of platinum now worth $3 billion. The ship was torpedoed by a German U-boat off Cape Cod during World War II and should Brooks' location of the ship proves accurate, he will find one of the richest sunken treasures ever discovered.
China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.
Investors are needlessly exposing themselves to huge potential losses by defying two golden rules for making money through bonds - lend more to those who will pay on time in full and less to those already saturated in debt.
China is considering providing greater involvement in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.
China is considering greater involvement in the European Financial Stability Facility and the upcoming European Stability Mechanism , Chinese Premier Wen Jiabao told journalists on Thursday.
Factory activity rose in China, the United States and Germany in January, and the three manufacturing superpowers drove gains in global output even as Europe struggles with fallout from its festering debt crisis.
As a protest for being evicted from their parking lot trailer home, Mateus and Leonor Silva returned last week to set the structure ablaze. Portugal, among several other European countries, are seeing social unrest after adopting severe austerity measures that have cut back on services for the needy, including the unemployed and homeless
Portugal and Greece dominated the headlines out of Europe Wednesday, as both nations appeared to be opening new chapters in the continuing Eurozone sovereign debt crisis. Paradoxically, positive developments in one country were actually seen as the reason negative news were emerging from the other.
OroCash, Italy's biggest buyer of used gold jewelry, expects business to flourish this year with the opening of 150 new collection points in Italyand abroad as high gold prices and unfolding economic crisis prompt people to sell family assets.
Crumbling global demand restrained factory output in Asia and most of Europe in January, business surveys showed on Wednesday, putting pressure on policymakers to shore up growth and counter a spreading malaise.
Gold rallied for a second day on Wednesday as the euro rebounded following upbeat German economic data, building on gains in January that marked the metal's strongest starting month in 32 years.
Euro zone manufacturing activity declined for a sixth straight month in January as a slight upturn in Germany failed to offset a prolonged contraction in the bloc's smaller economies, a survey showed on Wednesday.
Debt-laden Greece and its international lenders must focus less on deficit reduction and more on reform because there are limits to what society can tolerate, a senior IMF official said on Wednesday.
Portugal seeks to sell 1.5 billion euros ($1.9 billion) in treasury bills on Wednesday, in a test of its ability to raise short-term funds after a recent surge in its long-term bond rates have raised fears it may be forced to follow Greece and seek a new bailout.
Stocks rose and the euro steadied on Wednesday as investors remained on guard ahead of the release of manufacturing surveys from the Europe's biggest economies after China's powerful factories showed a slight expansion.
