Portugal does not need to apply for EU aid, Spain's Economy Minister said on Monday, as pressure mounted on Lisbon to seek outside help in managing its finances and risk premiums on both countries' debt widened.
U.S. stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.52 percent, Dow Jones futures down 0.44 percent and Nasdaq 100 futures down 0.35 percent at 4:05 a.m. EST.
Mounting fears over sovereign debt in the euro zone kept the euro tethered to four-month lows against the dollar on Monday, with investors nervous ahead of a flurry of bond sales from the region's weaker states.
Pressure is growing on Portugal from Germany, France and other euro zone countries to seek financial help from the EU and IMF to stop the bloc's debt crisis from spreading, a senior euro zone source said on Sunday.
Portugal denied on Sunday that it is under pressure by France and Germany to seek a bailout from Brussels and the IMF to ease concerns over its debts, like Greece and Ireland before it.
A top IMF official warned on Saturday that the United States must start down a budget deficit-cutting path relatively soon or face crushing debt service costs as interest rates rise.
Germany and France want Portugal to accept an international bailout as soon as possible in order to prevent its debt crisis spreading to other countries, German magazine Der Spiegel reported on Saturday.
The Gold Price in Dollars slid to a near 6-week low in early London trading on Friday, dropping below $1360 an ounce, but then bounced back to $1369 as New York trading began and Non-Farm Payrolls showed a rise of 103,000 - below analyst forecasts - and the labor-force participation rate slipped further below two-in-three.
The euro fell to a four-month low against the dollar on Friday ahead of U.S. jobs data and next week's bond issues from euro zone peripheral countries, while world stocks and copper eased. A surprise sharp increase in U.S. private sector job creation in December have raised expectations of stronger non-farm payrolls for the month, with economists now expecting 175,000 jobs were created, up from 1...
The euro slumped to a four-month low against the dollar on Friday and looked set for more weakness if U.S. payrolls data meets recently raised forecasts, strengthening the case for a sustainable economic recovery.
The euro slumped to a four-month low against the dollar on Friday and looked set for more weakness if U.S. payrolls data meets recently raised forecasts, strengthening the case for a sustainable economic recovery.
The EU and the IMF currently have enough funds to bailout another couple of countries that are steeped in debt. Currently, Italy, Spain and Portugal are fighting to survive while investors wonder which one will throw in the towel first.
Stocks were set to open lower on Wednesday with materials shares looking weak on falling commodity prices, but losses were capped after a report showed a big jump in new private-sector jobs.
Stock index futures fell on Wednesday as commodity prices dropped for a second day, pressuring global equity markets.
U.S. stock index futures fell on Wednesday as commodity prices dropped for a second day, pressuring global equity markets.
Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.5 percent at 1000 GMT (5 a.m. ET).
Top Ten Predictions for U.S. Economy/Markets in 2011. These predictions come from Michael Yoshikami, president and chief investment strategist of YCMNET Advisors Inc. in Walnut Creek, Cal.
Spain aims to sell far less debt in 2011 than it did in 2010, keeping a lid on new issuance as it looks to balance deficit-reduction goals and a market seeking high returns to invest in peripheral euro zone economies.
The European Central Bank failed to attract the 73.5 billion euros from banks on Tuesday needed to offset its seven-month run of euro zone government bond purchases, instead managing to draw just over 60 billion.
Shares in Japan and China eased on Tuesday as concerns that further Chinese monetary tightening will cool the engine of world economic growth overshadowed Japanese data that pointed to improving demand.
Call it the year of feast and famine.Many of the world's big advanced economies have pledged frugality for 2011 while fast-growing emerging markets run the risk of overheating. The global economy must withstand both forces in order to live up to growth expectations.
Amidst tightened security, as happening events by the beach side will usher in the New Year in this state on western coast of India, here’s a list of attractions you must look forward to while in Goa on New Year’s Eve