The dollar hovered near a two-week low against a basket of currencies on Monday and Asian stocks were pinned in tight trading ranges as weak U.S. economic data and fears of a Greek debt default kept many investors on the sidelines.
UBS has seen dire client activity in recent weeks, Juerg Zeltner, the bank's wealth management head, was quoted as saying in an interview with the Wall Street Journal on Monday.
In an escalating legal melee, Samsung demanded access to upcoming iPhone and iPad products from Apple, widening the schism between the two allies who haven't always been the best of friends.
European Union and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin.
The idea that a Greek debt restructuring could be carried out in an orderly way is a fairytale, European Central Bank board member Lorenzo Bini Smaghi told the Financial Times in an interview published on Monday.
European and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin.
Add a manufacturing slowdown to the growing risks facing the world economy.
The world looks a lot more dangerous than it did only a few months ago and signs are that U.S. stock investors are starting to demand more for the added risk.
G8 leaders all back French Finance Minister Christine Lagarde's bid to run the IMF, Foreign Minister Alain Juppe said Sunday, as she attacked a call to investigate her role in a 2008 legal case that may harm her chances.
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.
The London Stock Exchange said it is not in talks with LCH.Clearnet, following speculation that it had been one of a number of exchanges that had made a bid for the European clearinghouse.
Group of Eight leaders unanimously back French Finance Minister Christine Lagarde's bid to become the next head of the International Monetary Fund, Foreign Minister Alain Juppe said on Sunday.
Ireland would not face any immediate threat if Greece had to default on its debts, the country's deputy prime minister said on Sunday.
The International Monetary Fund on Sunday dismissed reports that an international inspection team had found that Greece has missed all its fiscal targets.
An overwhelming majority of Greeks are in favor of selling and developing state assets to raise 50 billion euros ($71.19 billion) to avoid a default on the country's crippling debt load, a poll found 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.
More than two months ago on March 21, demonstrators in Daraa set fire to the ruling Baath Party’s headquarters and government buildings. Police officials started gunning down the crowd reportedly killing hundreds by March 24. The total may have exceeded 5,000 now, reports say.
Apple and Samsung have a love-hate relationship as they both rely on each other for business, but also compete across a number verticals. Recently however, that relationship has gotten more tense.
Greece's hopes of averting default dimmed on Saturday as fears grew the country may have missed fiscal targets set by its lenders while euro zone policymakers bickered on how to respond to the deepening crisis.
Microsoft is making progress in prepping the next version of its ubiquitous Windows operating system, with new architecture promising a departure from its PC centric roots, and positiong the company to capitalize on new emerging form factors.
Greece could raise up to six times more than planned by selling state assets, an ECB policymaker said, as the country's leader renewed efforts to forge a political consensus on new austerity measures.
Greece has missed all fiscal targets agreed under its bailout plan, a mission from an international inspection team found, putting further funding for Athens at risk, according to a German magazine.
European clearinghouse LCH.Clearnet confirmed on Saturday it has received a string of offers from exchange operators interested in pursuing some form of business tie-up but said talks were still at an early stage.
European clearinghouse LCH.Clearnet confirmed on Saturday it has received a string of offers from exchange operators interested in pursuing some form of business tie-up but said talks were still at an early stage.
Greece could raise as much as 300 billion euros ($429 billion) if it steps up its efforts to sell off state-owned assets, European Central Bank Board member Juergen Stark was quoted as saying on Saturday.
The world looks a lot more dangerous than it did only a few months ago and signs are that U.S. stock investors are starting to demand more for the added risk.
A former hedge fund manager and a one-time Nvidia Corp analyst on Friday admitted conspiring with a technology industry consultant who is set to stand trial in New York next week, part of a crackdown on insider trading.
Google Inc and Facebook Inc failed to win dismissal of a lawsuit by a New York company related to software designed to let people take part on social networks through their mobile phones.
A former Nvidia Corp financial analyst pleaded guilty on Friday to a criminal charge in the U.S. probe of insider trading at expert networking firms and hedge funds.
The Dow and S&P 500 closed out their fourth week of losses with a small gain on Friday, but only with the help of a weaker dollar boosting metals prices and basic materials stocks.
