IBT Staff Reporter

57151-57180 (out of 154942)

Euro slumps to 10-year low vs yen as Greece worries mount

The euro hit a six-month low against the dollar and a 10-year trough versus the yen, falling below key technical levels and option barriers on worries that the euro zone's support for Greece is wobbling and the country may be forced to default on its debt.

Japan Manufacturing Mood Improves, Outlook Dims

Big Japanese manufacturers turned optimistic in the third quarter following a rapid recovery in output after the deadly March 11 earthquake and tsunami, but scaled back forecasts for the months ahead on the yen's strength and as global slowdown looms.

Japan big manufacturing mood improves, outlook dims

Big Japanese manufacturers turned optimistic in the third quarter following a rapid recovery in output after the deadly March 11 earthquake and tsunami, but scaled back forecasts for the months ahead on the yen's strength and as global slowdown looms.

Verizon Dividend Setback for Vodafone

Verizon Communications has dashed the hopes of Vodafone investors by ruling out a return to a recurring dividend from the two companies' mobile phone joint venture, called Verizon Wireless, the Financial Times reported on Monday.

'Contagion' takes hold of weekend box office

Deadly virus thriller Contagion caught on with filmgoers and easily took the top spot at the weekend box office in the United States and Canada, according to studio estimates compiled by Reuters on Sunday.

Does Global Warming Portend an Ice-Free Arctic Summer?

Reports about an Arctic summertime sans ice due to global warming and natural swings in regional wind patterns are quite alarming. The extent of summer sea ice in the Arctic Ocean reached a record low this week since satellite observations began in 1972, according to the University of Bremen's Institute of Environmental Physics.

World Bank to Invest in New Hedge Fund

The World Bank is investing in a hedge fund in order to help banks reduce capital that new rules will force them to set aside against loans to small companies in emerging markets, the Financial Times reported on Monday.

Euro extends losses, hits 10-year trough on yen

The euro got off to a rocky start in Asia on Monday, falling to fresh six-month lows against the greenback and a 10-year trough on the yen as downside momentum picked up pace after several key technical levels gave way recently.

Crucial Italy austerity package enters home stretch

Italy's often revised 54-billion-euro austerity package enters the final stretch on Monday when cuts aimed at balancing the budget by 2013 go before the lower house of parliament, with approval due later in the week.

9/11 Anniversary: Skeptics Rally in New York

A group of nearly 100 protesters traveled to the financial district in New York City to protest what they believed was dishonesty from the U.S. government regarding the September 11, 2001 terrorist attack.

9/11 Memorial: U.S. Continues to Urge Caution

With the nation reaching the 10th anniversary of the Sept. 11 attack, the United States has moved to a heightened state of alert: government officials have been trying to strike a balance between recommending caution and stirring up unnecessary fear.

Greece slaps new tax on property to cut deficit

Greece on Sunday slapped a new tax on real estate to plug a 2011 budget hole, please international lenders and secure a key new loan tranche as concerns mounted in Europe over its euro zone membership.

Stark shock widens German euro faultline

The surprise exit of Germany's top official at the ECB has ripped a hole in Chancellor Angela Merkel's strategy of tackling Europe's debt crisis with closer integration, raising new doubts about the euro project at home and widening divisions in her party and coalition.

Merkel allies break taboo with Greek default talk

Senior politicians in German Chancellor Angela Merkel's center-right coalition have started talking openly about a Greek default, reflecting mounting concern in Europe's biggest economy about the debt crisis and pressuring Greece.

Analysis: Stark shock widens German euro faultline

The surprise exit of Germany's top official at the ECB has ripped a hole in Chancellor Angela Merkel's strategy of tackling Europe's debt crisis with closer integration, raising new doubts about the euro project at home and widening divisions in her party and coalition.

Stocks primed for more volatility

Investors will grapple with more turbulence surrounding Europe's deepening debt problems this week and the prospect of another round of dismal data on the faltering U.S. economy.

Swiss committed to solving U.S. tax spat: report

Switzerland does not need an emergency law or a separate treaty as it works toward a solution in its latest tax spat with the United States, finance minister Eveline Widmer-Schlumpf was quoted as saying in a Swiss newspaper interview on Sunday.

Ex-BP boss Hayward may quit TNK-BP board

Former BP boss Tony Hayward is considering whether to step down from the board of Russian oil joint venture TNK-BP but has yet to inform the British oil company of any decision, a spokesman for the company said.

UBS boss says some banks may need state help: report

Some banks may have to get help from the state as plunging share prices could make it difficult to raise capital, UBS chief executive Oswald Gruebel told Swiss newspaper Sonntag in an interview published on Sunday.

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