JPMorgan Chase & Co. could lose as much as $5 billion due to its exposure to sickly Portugal, Ireland, Italy, Greece, and Spain, CEO Jamie Dimon said in an interview with Class CNBC, which was carried in the Italian newspaper Milano Finanza on Saturday.
Iran has not stored oil on tankers in the Persian Gulf, and its crude exports have not been disrupted due to mounting international pressure over its disputed nuclear program, an oil official told the semiofficial Mehr news agency on Saturday.
These days, everyone in commerce and finance circles seems to complain about the dollar, but few institutional investors want to part with them.
German Chancellor Angela Merkel will gather the leaders of Austria, Sweden and Portugal next Thursday in a bid to broaden consultations on key European Union issues after criticism about Germany and France making too many big decisions themselves.
Asian shares rose to a one-month high and the euro clung near its strongest in a week Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day.
During his Latin American trip this week Iran's President Mahmoud Ahmadinejad met with former Cuba leader Fidel Castro.
It is also unknown why it took Ankara more than three years to file the charges.
The FDA announced Wednesday that it would temporarily halt all imports of foreign orange juice because of fears of carbendazim traces found in oranges, especially those from Brazil. But what exactly is carbendazim?
Nobody, not the EU, the IMF nor the markets had any concerns about the Irish fiscal position prior to 2008.
The Food and Drug Administration announced Wednesday that it would temporarily halt all imports of foreign orange juice because of fears of carbendazim traces found in oranges, especially those from Brazil. The import ban will last until the FDA has finished conducting a thorough investigation of carbendazim levels.
A day after re-affirming its top sovereign credit rating on Austrian government bonds, a research arm of respected French credit rating agency Fitch has issued a report noting the rapidly deteriorating level of confidence investors in the derivatives market are displaying towards that country's debt.
Almost one-third of Iran’s oil exports go to China. Or, put another way, 11 percent of Chinese oil imports comes from Iran.
European Union regulators have preliminarily rejected the proposed $17 billion tie-up of NYSE Euronext (NYX) and Deutsche Boerse (DBOEF), the Wall Street Journal reported, citing a senior European Union official.
An Iranian nuclear scientist and his driver were killed in a car bombing in Tehran on Wednesday. Iran is already blaming the U.S. and Israel for the attack.
In Greece a blind and unemployed person receives 700 euros ($896) in monthly disability.
Oil rose to around $113 a barrel on Tuesday as tension over Iran's nuclear program and unrest in Nigeria outweighed persistent concerns about the strength of Europe's economy.
Chinese exports and imports registered weaker growth in December than in November, signaling economic growth in the world's second largest economy is losing steam on account of sluggish demand and a thaw in the real estate market.
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Still haven’t gotten over your fear of flying? Maybe this will help: 2011 was the safest year on record for commercial air travel
The International Atomic Energy Agency -- the United Nations' atomic watchdog -- said that Iran has started enriching uranium at a fortified underground site in Fordow, near the city of Qom.
Iranian President Mahmoud Ahmadinejad is taking a tour of Latin America this week. He makes stops in Venezuela, Nicaragua, Cuba and Ecuador, but not Brazil.
German Chancellor Angela Merkel warned Greece on Monday it would not be possible to give further aid without rapid progress on its second rescue package, including a voluntary write-down on Greek debt held by private creditors.
The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.