Asian shares fell and U.S. Treasury yields dropped to the lowest levels in at least 60 years on Tuesday on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
Asian shares fell and the euro slipped Tuesday amid fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
LONDON - European stocks tumbled 4 percent on Monday, with banks plumbing a more than two year low, as fears for the future of the euro zone bubbled up against a background of weak economic growth and threats to the banking sector.
LONDON - European stocks shed 3 percent on Monday and the euro sank against the dollar as markets weighed a risk-heavy outlook for the euro zone, dominated by peripheral debt concerns and political uncertainty in Germany.
Stocks fell on Monday and the euro hit a three-week low versus the dollar as worries about Greek and Italian fiscal deficits and a regional election rout for Germany's ruling party cast more doubt on the euro zone's ability to solve its debt crisis.
Japanization is shorthand for slouching toward that country's noxious mix of low growth and high debt. Euro zone governments will find it tough to keep the ugly new word out of their lexicon.
World stocks fell to a one-week low on Monday and the euro hit a three-week trough against the dollar as investors worried the U.S. jobs market may be beyond easy repair and Europe faced a series of risks that would reignite its debt crisis.
College graduates in debt-stricken Portugal have been migrating in large numbers to its former colonies such as Brazil, Angola, and Mozambique to find work
Europe's most indebted nations are under heavy pressure from their richer neighbors to sort out their finances, but they are unlikely to mimic the impoverished gentlefolk of old by selling off the family silver -- or in their case, gold -- to do so.
Portugal is mired in staggering debt, high unemployment and drastic budget cuts to social services
Euro zone countries are discussing ways to charge fees on any collateral Greece would use to back bailout loans, an approach that could resolve a nasty row over a second rescue package, Austrian Finance Minister Maria Fekter told Reuters.
Euro zone economic sentiment fell more than expected in August, underlining prospects for slower economic growth and expectations that the European Central Bank may cut inflation forecasts and cease raising interest rates.
Zurich Financial does not plan to cut its 15 percent equity stake in China's third-largest life insurer, the Swiss insurer's chief executive said on Monday.
A U.S. and European push to impose U.N. Security Council sanctions on Syria for its bloody crackdown on pro-democracy demonstrators is meeting fierce resistance from Russia and China, U.N. diplomats said.
The top official behind Standard & Poor's downgrade of the United States said on Friday it was not to blame for August's stock market rout, and warned that developed nations still needed to get their act together to tackle their mountains of debt.
Global stock market sentiment had weakened before Standard & Poor's cut the U.S. credit rating to AA+ from AAA, the rating agency's global head of sovereign ratings David Beers said on Friday.
After being held up as a model of strength in a region saddled with debt and low growth, Germany suddenly finds itself in a perfect economic storm that could force it to rethink its approach to the crisis plaguing the wider euro zone.
The U.S. ambassador made a surprise trip to a southern Syrian town Tuesday, his second visit to an area rocked by protests against President Bashar al-Assad and a move likely to antagonize the authorities in Damascus.
If doubts about U.S. government credit quality and the country's long-term growth horizon have seen its 10-year borrowing costs fall by a third, it's a wonder anyone pays heed to ideas of unsustainable sovereign debts.
Germany's top court will give its verdict early next month on whether the government broke the law with last year's bailouts of debt-stricken euro zone countries -- a ruling which could limit Berlin's room to manage the region's debt crisis.
The mystery behind the birth of lager beer has gained a new clue through the discovery of elusive species of wild yeast in the frozen forests of Patagonia in Argentina.
Scientists have cracked the mystery behind the lager beer after years of research and found the yeast's genomic foundation, paving way for new types of designer beers.
