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Central banks act as euro zone crisis rages

The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster.

UNESCO 'Intangible Heritage' List: 19 Cultural Traditions in Danger of Extinction

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The United Nations has announced that Mexican mariachi music, Chinese shadow puppetry and poetic dueling competitions in Cyprus are among several cultural traditions that are both crucial to a living culture and are at risk of dying out, prompting moves to protect and encourage their practice. UNESCO has placed 19 new items on the Intangible Heritage List.

Europe's Markets Rise for Fourth Straight Session

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European shares extended a rally into a fourth session on Wednesday, with miners reversing earlier losses after resource-hungry China cut the reserve requirement for banks to ease credit strains and bolster its economy.
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Caution on Eurozone Bailout Progress Hits Asian Shares

Asian shares fell and the euro trimmed gains on Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.
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Traders work at their desks at the Frankfurt stock exchange

Asian Shares Extend Rally on Eurozone Hopes

Asian shares and the euro extended a rally into a second day Tuesday as investors were buoyed by expectations that European policy makers will outline details of how they will leverage a bailout fund to avert contagion in sovereign debt markets.
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Asian shares gain amid rally on euro zone hopes

Asian shares and the euro extended a rally into a second day on Tuesday, as investors were buoyed by expectations that European policy makers will outline details of how they will leverage a bailout fund so as to avert contagion in sovereign debt markets.
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Moody's says may cut EU banks' subordinated ratings

Ratings agency Moody's said on Tuesday it could downgrade the subordinated debt of 87 banks across 15 European Union nations on concerns that governments would be too cash-strapped to bail out holders of riskier bank debt in times of stress.
Molten gold

Gold Prices Surge on Fresh Hope for Eurozone

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.
Moody's sign on 7 World Trade Center tower in New York

EU Sovereign Ratings at Risk, Moody's Warns

Moody's Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all European government bond ratings.
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Rio Tinto says commodities customers more cautious

Global miner Rio Tinto warned on Monday that further cracks may be emerging in global commodities markets as the economies of Europe and the United States waver, with its customers increasingly cautious on the outlook.
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Euro bailout fund leveraging rules ready: documents

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.
A sculpture showing the euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Germany and France examine push for euro zone integration

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.
A common thresher shark (Alopias vulpinus) with its dorsal fin cut off.

The Shark Fin Soup Tradeoff

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.
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EU's Barroso says still no solution to debt crisis

Europe has still not found a solution to its sovereign debt crisis that would restore investor confidence, European Commission President Jose Manuel Barroso said on Friday, advocating greater integration as the way to move forward.
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European shares fall on Merkel comments

European shares fell for the sixth consecutive session in low volume on Thursday after German Chancellor Angela Merkel restated her position against changing the role of the European Central Bank to ease the euro zone debt crisis.
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German bonds fall; stocks, euro vulnerable

German government bond yields hit their highest in nearly a month and world stocks held near 7-week lows Thursday, a day after a weak debt sale in Berlin fanned fears the euro zone debt crisis is starting to threaten its biggest > falling 115 ticks on the day to 134.66, the lowest since October 31.

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