The Netherlands said it will postpone until next year any decision on allowing Bulgaria and Romania into the Schengen zone (which would allow for passport-free travel between the Schengen states).
The top candidate to run the International Monetary Fund, French Finance Minister Christine Lagarde, said she backed a bigger say for China at the Fund while making clear that the euro zone crisis would be a priority if she wins the job.
Germany has put a Greek restructuring back on the table, demanding in a letter to its EU partners that private bond holders make a major contribution to a looming debt relief deal for the struggling euro zone member.
Each June, nearly a hundred thousand people descend on a farm outside of Nashville, Tennessee for Bonnaroo, one of the world’s largest outdoor festivals.
Greece is set to impose a deeper bout of austerity on its struggling economy and promise to speed up a privatization drive in return for a new international bailout to avoid a debt default.
A killer bacteria linked to Spanish cucumbers is claiming victims all around Europe, but the news couldn't come at a worse time for the struggling country.
The 17-nation euro zone should consider establishing a central finance ministry as it tightens coordination of national economic policies to fight crises, the head of the bloc's central bank said on Thursday.
A European Central Bank policymaker said a voluntary deal for investors to keep renewing their Greek debt holdings might be acceptable, raising hopes on Wednesday for a deal to prevent a default by Greece.
Barneys New York will ship internationally on e-commerce site Barneys.com.
Greece appears to have agreed a tax cut with its international lenders, aimed at forging a broad consensus for more austerity to avoid a debt default, but the opposition said on Tuesday this would still not win its support.
Greece and a team of EU, IMF and ECB inspectors reviewing the country's economy have agreed on a value-added tax cut to help achieve a broader political consensus on more austerity, a Greek newspaper said on Tuesday.
A non-European head of the International Monetary Fund could mean a tougher, more realistic action plan for the euro zone debt crisis, Mexican central bank chief Agustin Carstens said in newspaper interviews on Tuesday.
Ireland may have to ask for another loan from the European Union and International Monetary Fund because it will struggle to return to debt markets to raise funds next year, a government minister said on Sunday.
Financial markets will remain skeptical that Spain can steer clear of the crisis until the country manages to finish its reform of the labor market, a senior European Central Bank policymaker said in an interview.
The equivocal, baby step rhetoric of the SNB - together with Swiss exporters' reluctance to give up the benefits of a weaker Swiss Franc - suggest that we shouldn't expect Switzerland either to race away from the bottom just yet.
An Islamic states association has complained about a European draft resolution that asks the UN Security Council to condemn Syria and has demanded that part to be deleted.
Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.35 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.35 percent at 4:50 EDT.
World stocks rose from a two-month low on Thursday while the euro hit a one-week peak versus the dollar, aided by higher commodities and a report on China's possible interest in bailout bonds for Portugal.
Asian stocks were on course for their biggest gain in a month on Thursday, led by resources and consumer sectors, with recovering commodity prices and the euro's rebound toward $1.42 bringing investors back into the markets in search of bargains.
Wall Street stocks were set for a lower open on Wednesday after weaker-than-expected manufacturing data added to evidence the U.S. economy's recovery was slowing.
Dollar Gold Prices hit a three-week high of $1528 per ounce on Wednesday morning in London, while commodities - like global stock markets - failed to add much to the gains they made Tuesday after Goldman Sachs issued a bullish note on natural resources.
Gold rose to a record high for the third consecutive session on Wednesday as deepening concern over Europe's sovereign debt crisis spurred demand for the metal as a safe haven investment.
