Most Southeast Asian stock markets pulled lower on Tuesday as a warning by ratings agency Standard & Poor's of a possible mass downgrade of the Eurozone kept market investors wary ahead of the EU summit late this week.
U.S. Treasury Secretary Timothy Geithner arrived in Germany on Tuesday to advocate for Eurozone officials to definitively resolve the debt crisis.
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European stocks and the euro slid and most bond yields rose after the threat from rating agency Standard & Poor's to downgrade Eurozone countries en masse if no credible plan to solve the debt crisis emerges at a summit later this week.
India gold futures fell back on Tuesday afternoon to their lowest level in a week, following overseas trends, where fears of a possible credit rating downgrade for eurozone nations by Standard & Poor's weighed.
Crude oil prices declined in Asian trade on Tuesday, after credit ratings agency Standard & Poor (S&P), warned six triple A-rated Eurozone members they may suffer ratings downgrades, amid the continuing carnage of the Eurozone debt crisis.
Members of a neo-Nazi cell alleged to have killed at least 10 people in Germany between 2000 and 2006 had distributed an anti-Semitic version of the popular board game Monopoly called Pogromly, in which the playing field constitutes of Nazi symbols, German authorities said.
Asian stocks declined for the first time in a week, after credit ratings agency Standard & Poor (S&P) placed 15 Euro nations on review, for a possible downgrade.
It was a long time ago -- 70 years ago today -- but it's an event no one should forget: the start of the Battle of Moscow, 1941-42, during World War II. Roughly 1 million heroic Russians lost their lives in the bloodiest land battle in human history -- a battle that marked the beginning of the end for Adolph Hitler and for Nazi Germany.
Standard & Poor's is expected to announce later on Monday that it may downgrade the credit ratings of all 17 euro zone countries, two EU officials told Reuters.
Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.
The aforementioned designation suggests a 50 percent chance of a downgrade within 90 days.
European stocks rose to a five-week closing high on Monday, after French president Nicolas Sarkozy and German chancellor Angela Merkel agreed on a range of measures to help resolve the Eurozone debt crisis.
Merkel said France and Germany are demanding structural changes which go beyond agreements.
He also suggested Kabul would need financial and other types of support for at least a decade beyond the withdrawal of foreign troops.
France and Germany have agreed on a series of reforms to address the Eurozone sovereign debt crisis that will be presented to EU President Herman Van Rompuy on Wednesday, French President Nicolas Sarkozy said after a meeting with German Chancellor Angela Merkel on Monday.
Biden met with Greece President Karolos Papoulias on Monday before beginning talks with new Greek Prime Minister Lucas Papademos. Biden arrived in Greece after traveling from Turkey. This week is seen as crucial for the struggling Eurozone. Italy's new government unveiled austerity measures that European leaders hope will be the start of a turning point in the struggle to keep the euro intact.
NICOSIA, Dec 5Sources told Reuters at the weekend that Germany was prepared to soften language in the euro zone's permanent rescue fund that compels bondholders to accept losses in exchange for much stricter budget rules.
World stocks and demand for German government bonds rose on Monday as confidence grew European leaders would make big strides in solving the euro zone's debt crisis at a crucial summit this week.
Asian shares and the euro steadied on Monday on hopes European leaders would agree on a definitive plan to solve the euro zone's debt crisis at a crucial summit this week, with sentiment also getting a lift from Italy unveiling austerity steps.
Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.
Lars von Trier's apocalyptic drama Melancholia walked away with the top award, European Film 2011, at the 24th European Film Awards in Berlin on Saturday.
