After conservative leader Antonis Samaras failed to form a coalition government in the wake of Sunday's fractured Greek elections, now comes the leftists? attempt to forge such an alliance.
Industrial output in Germany shot up far more than expected in March, following February's weather-related weakness, renewing hopes that Europe's biggest economy may have avoided recession.
Futures on major US stock indices point to a lower opening Tuesday as growing concerns over political instability in Greece weighed on sentiment.
Asian stock markets advanced Tuesday, recovering from their biggest fall in six months in the previous session on concerns over election results in France and Greek.
While Nicolas Sarkozy has finally met his Waterloo -- and not before time according to a testy French electorate -- analysts are unconvinced Hollande can persuade the rest of Europe, let alone a resolute Germany, to abandon the austerity juggernaut.
Socialist Francois Hollande will lead France after Nicolas Sarkozy got ousted by voters fed up with austerity. In Greece, the far-left and far-right have made big gains. But it may not be time just yet to start worrying about the fate of the euro zone.
Spain, the euro zone's fourth-largest economy, said Monday industrial output decrease by 7.5 percent in March compared to the prior year, following sharp unemployment and shrinking gross domestic product, according to official data.
Seven political parties gained at least 6 percent of the vote in Sunday?s election in Greece, with the top vote-getter, the conservative New Democracy, winning about 18.9 percent.
Germany's Economics and Technology Ministry reported Monday factory orders rose in March, spurred primarily by businesses looking away from the euro zone and to the United States and emerging markets. Orders rose 2.2 percent from February, spurred by a 4.8 percent growth in export orders from outside the currency zone.
During his victory speech, the new French president explicitly disavowed austerity.
U.S. stock index futures fell on Monday as elections in France and Greece stirred up new uncertainties about how the region will tackle its ongoing debt crisis.
Oil prices fell Monday to add to the sharp decline in the previous session as French and Greek election results raised doubts about those countries' commitment to the austerity measures to sort out Eurozone debt crisis.
Highlighting the economic data this week -- May 7-11 -- are the March trade-balance figures to be released Thursday. Economists expect the U.S. trade deficit to widen after its sharp narrowing in February.
Nicolas Sarkozy delivered a concession speech Sunday night, following his loss to Socialist candidate Francois Hollande in France?s presidential election. I bear the full responsibility for this defeat, Sarkozy said.
Chancellor Angela Merkel's conservatives stood neck-and-neck with the rival Social Democrats (SPD) in an election in the German state of Schleswig-Holstein, projections showed on Sunday, pointing to weeks of tough coalition talks to form a government.
Polling began in Greece Sunday in an early general election that could push the debt struck country to further turmoil and uncertainty.
Labeled the Sopranos of the Afghanistan war, the Haqqanis have built themselves from what was once a rebel force bent on removing the Russians in the 1980s into a Mafia-like organization dealing in smuggling, extortion, and assassination.
The Renault-Nissan Alliance will buy an indirect majority stake in Russian car company OAO Avtovaz, maker of Lada brand cars, for $750 million, the automakers' alliance announced Friday.
Output for the eurozone manufacturing and services sectors shrank in April more than initially reported, according to Purchasing Managers Index (PMI) data released Friday by Markit, the London firm that publishes a monthly independent surveys that gauges economic activity worldwide. Business conditions deteriorated at a faster rate towards the end of the month, said Chris Williamson, chief economist at Markit, explaining the downward revision from preliminary estimates released April 23....
George Vujnovich served as an agent for the American military during WWII, but the story of his greatest achievement was kept under wraps for over 60 years.
The IAEA has already demanded access to Iran?s atomic sites as long ago as November when it released a report detailing its suspicions that the Iranians were planning to develop nuclear bombs.
German car companies won in April as domestic sales rose 2.9 percent, bucking a wider euro zone trend of declining sales, but exports of German-made cars fell substantially last month.
