PORTUGAL

The head of Europe's bailout fund said Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund.

In 14 lines engraved on a plaque on the pedestal of the Statue of Liberty, Emma Lazarus (1849-1887) captured the belief in the American Dream that has defined the United States' self-image for more than a century and moved millions of immigrants to seek refuge here.

Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund.

There is no historical precedent for economies as indebted as the EU and U.S. to avoid default, said Gerard Minack, chief market strategist at Morgan Stanley’s Sydney office.

Europe's banks were told to cut dividends and bonuses to help them find 106 billion euros ($146 billion) to shore up their capital, and agreed to halve the value of their Greek government debt.

Euro zone leaders intend to scale up their emergency fund, the European Financial Stability Facility, to around 1.0 trillion euros (871 billion pounds), EU sources said on Wednesday.

There has been a preliminary agreement to recapitalize European banks.

Developing Asian economies have outperformed G3 (U.S., EU, and Japan) economies by an average of five percentage points from 2000 to 2006, according to Western Asset, a leading global fixed-income manager.

The incoming head of the European Central Bank threw the euro zone a lifeline hours before a crucial summit on Wednesday which looked set to fall short of a definitive plan to tackle the bloc's debt crisis.

The incoming head of the European Central Bank threw the Eurozone a lifeline hours before a crucial summit on Wednesday by signaling the bank would go on buying troubled states' bonds to combat market turmoil.

Prospects for a comprehensive deal to resolve the euro zone debt crisis at a summit on Wednesday look dim, with deep disagreement remaining on critical aspects of the potential agreement, including how to give the region's bailout fund greater firepower.

The euro crisis has blown up in 2011. The borrowing rates of several peripheral Eurozone countries have surged from 2010 levels and have become simply unsustainable.

Gold prices blasted through the $1,700 per ounce ceiling Tuesday that they have operated under for the last month on growing fears that Europe is already in an acute financial crisis.

Marco Simoncelli, one of the world's most popular high ranking young motorcycle riders, was killed in a horrific crash at the Malaysian MotoGP race in Kuala Lumpur. Simoncelli's death came as a shock to international fans of the 24-year-old Italian. His death is only one week after British IndyCar driver Dan Wheldon's tragic death following a 15-car collision. Simoncelli lost control of his Honda at Turn 11, four minutes into the Malaysian MotoGP race. As he swerved across the track,.....

Outgoing European Central Bank President Jean-Claude Trichet called on Monday for euro zone authorities to have greater powers over the economic policies of the bloc's errant members, setting out a vision for a closer-knit currency area.

The Italian rider was killed 45 minutes after his accident.

Bankers have offered to stretch the voluntary haircut on Greek debt to 40 percent, while politicians demand the private sector agree to writedowns of at least 50 percent, senior German banking source said on Sunday.

European Union leaders piled pressure on Italy on Sunday to speed up economic reforms to avoid a Greece-style meltdown as they began a crucial two-leg summit called to rescue the euro zone from a deepening sovereign debt crisis.

EU finance ministers outlined a deal on Saturday for recapitalizing European banks, and the leaders of Germany and France said they hoped for a breakthrough in tackling the Eurozone debt crisis at a summit on Wednesday.

Spain has done enough to meet its deficit-cutting goals despite the autonomous regions falling behind on their targets, a source in the president's office said Saturday, countering concerns the country could fall short of its forecasts.

Spain has done enough to meet its deficit-cutting goals despite the autonomous regions falling behind on their targets, a source in the president's office said on Saturday, countering concerns the country could fall short of its forecasts.