EUROPEAN UNION

Russia, Syria Hold Talks, but Shelling Continues

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Russia won a promise from Syrian President Bashar al-Assad on Tuesday to bring an end to bloodshed in Syria, but Western and Arab states acted to isolate Assad further after activists and rebels said his forces killed over 100 in the city of Homs.

PIMCO Leader Likes Oil, Gold over Stocks

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Given the fragile state of the global economy and brewing geopolitical risks, investors should be underweight equities while favoring selected commodities such as gold and oil, Mohamed El-Erian, CEO and co-chief investment officer of bond fund giant PIMCO, told CNBC on Tuesday.
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daria.2.6.12

Assad's Forces Pummel Homs as Russian Arrives for Talks

A Syrian regime military assault on Homs killed dozens of people on the eve of a visit to Damascus by Russia's Foreign Minister Sergei Lavrov aimed at pressing President Bashar al-Assad to end an 11-month uprising by implementing swift reform.
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China Bars its Airlines from EU Emissions Scheme

China on Monday barred its airlines from a European scheme to reduce carbon emissions, hardening its stance a week before a summit at which the European Union will seek Chinese help to ease its debt crisis.
German Chancellor Merkel speaks during a ceremony marking the 10th anniversary of the physical introduction of the Euro as official currency of the Eurozone in Berlin

Greeks Delay Bailout Talks as Merkel Demands Action

German Chancellor Angela Merkel told Greece Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.
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Wall Street Closes Lower After String of Gains

Stocks closed slightly lower on Monday as lingering questions about Europe's debt crisis and corporate earnings overshadowed growing optimism about economic growth after a five-week rally.
Greece's Finance Minister Evangelos Venizelos

Greece Deadline Miss Ripples Through World Markets

A failure on the part of Greece's politicians to agree on an austerity framework rippled through the currency markets of London, the government halls of Budapest and the pits of the New York Stock Exchange Monday morning. The nonevent was only the headline occurrence in a morning that was also filled with contradictory, and at times despondent, statements out of Athens.
Greece

Greece Lets Another Bailout Deadline Slip as Merkel Presses

Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout, as German Chancellor Angela Merkel made clear Europe's patience is wearing thin over drawn-out negotiations among its feuding political leaders.
FTSE rises as China data lift miners, UK data eyed

European Shares Down after Greece Misses Deadline

European shares fell back from a six-month high early on Monday, with investors worried about whether Greece can avoid a messy default as its politicians struggled to agree austerity measures needed to secure a bailout package.
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Gold Prices Retreat on Greek Default Worries

Gold prices declined Monday on concerns Greece will - despite the Eurozone's two years of efforts - default on its massive sovereign debt, with acute consequences for global economic growth.
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U.S. Jobs Report Lifts Nikkei to 3-Month High

Japan's Nikkei share average advanced to a three-month high on Monday as the U.S. economy showed further improvement with forecast-beating jobs data, boosting hopes for Japanese firms, which have disappointed in the latest quarterly earnings season.
Prime Minister Lucas Papademos arrives at his office in Athens for a meeting with top Greek political leaders

Greek Parties Face Monday EU Bailout Deadline

Greece's coalition parties must tell the European Union by Monday whether they accept the painful terms of a new bailout deal as EU patience wears thin with political dithering in Athens over implementing reforms.
Chairman of the Federal Reserve Ben Bernanke holds a news conference in Washington

ET, the New Alien Scaring Global Markets

The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international markets in one swoop.
An anti-government protester holds a Greek flag as he shouts slogans against Greek Premier George Papandreou and his lawmakers in front of the parliament during a debate prior to a vote of confidence in Athens November 3, 2011.

Greece's Bailout Deadline Looms, as Clock Continues to Tick

Greek Prime Minister Lucas Papademos faces the critical task of convincing international lenders and political-party leaders on Sunday to agree to the stringent terms of a 130 billion euro ($171 billion) rescue plan to stave off looming default.

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