GERMANY

Eurozone

Is the Eurozone Set to Plunge Into Deep Recession?

The Eurozone seems all set to enter a period of deep recession, with the credibility of governments' ability to keep the region in balance under serious doubt. The Organisation for Economic Co-operation and Development (OECD) has already issued a warning that Eurozone and U.S. leaders must act urgently to stop their debt crises from spiralling out of control.
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Members of K-Pop idol group Girls' Generation perform during the Korean Pop Culture and Art Awards at the Olympic Hall in Seoul November 21, 2011.

Korean Pop Music out to Conquer the World

A host of young Korean stars are taking to the stage in London, New York and beyond in a bid to crack one of the final global frontiers for Asian culture -- pop music.
Nikkei

Japan's Nikkei Rises 2%, But Europe Selling Caps Rally

The Nikkei average climbed more than 2 percent on Tuesday, closing at a two-week high on hopes that euro zone leaders were readying steps to ease the debt crisis and that a robust U.S. holiday shopping season was underway.
Traders work at their desks at the Frankfurt stock exchange

Asian Shares Extend Rally on Eurozone Hopes

Asian shares and the euro extended a rally into a second day Tuesday as investors were buoyed by expectations that European policy makers will outline details of how they will leverage a bailout fund to avert contagion in sovereign debt markets.
Traders work on the floor of the New York Stock Exchange

Wall Street Ends 7-day Slide

Stocks rebounded from seven days of losses on Monday as investors used the latest effort from European leaders to resolve the region's debt crisis as an opportunity to cover short positions.
France's President Nicolas Sarkozy (R) and Germany's Chancellor Angela Merkel attend a joint press conference on the eve of a G20 summit of major world economies in Cannes

Germany, France Press for Coercive Eurozone Debt Rules

Germany and France stepped up a drive on Monday for coercive powers to reject euro zone members' budgets that breach EU rules, and the United States kept up the drumbeat of demands from the rest of the world for decisive action.
HTC Rezound

HTC to tough out slowdown as strategy doubts grow

HTC's promise of competitive new models early next year may not be enough of a strategy shift to convince investors it can regain the innovative streak that catapulted it from an obscure contract maker to the world's No.4 smartphone brand.
Nicolas Sarkozy (R), the French President, with Angela Merkel, the German Chancellor.

Germany, France press coercive euro zone debt rules

Germany and France stepped up a drive on Monday for coercive powers to reject national budgets in the euro zone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.
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Stock Futures Soar on Europe Hopes

Stock index futures jumped on Monday on optimism over the latest round of proposals out of Europe designed to corral the growing Eurozone debt crisis.
France's President Nicolas Sarkozy (R) and Germany's Chancellor Angela Merkel attend a joint press conference on the eve of a G20 summit of major world economies in Cannes

Germany, France Eye Eurozone Pact, Markets Hopeful

Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the Eurozone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.
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Germany Denies 'Elite' Euro Bond Plans

The German finance ministry denied on Monday a media report of plans for the joint issuance of bonds by member countries of the euro zone with a triple-A credit rating.
A dealer walks past an electronic board in the investors' gallery at the Amman Stock Exchange November 21, 2011.

Global Economic Recovery Petering Out: OECD

The global economic recovery is running out of steam, leaving the euro zone stuck in a mild recession and the United States at risk of following suit, the OECD said on Monday, sharply cutting its forecasts.
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ECB's Noyer: Italy not Weak, Euro Breakup 'out of the Question'

Italy's economy is fundamentally sound and should be able to win back market confidence if it shows fiscal discipline, European Central Bank member Christian Noyer said on Monday, ruling out a collapse of the euro zone because of the sovereign debt crisis.
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Obama to Press EU Leaders on Debt Crisis

President Barack Obama will press European Union officials Monday to reach a definitive solution to their sovereign debt crisis which is emerging as a major 2012 U.S. election worry, Reuters reports.
HTC Rhyme

Patent firm IPCom says to stop HTC German sales

German patent firm IPCom plans to halt as quickly as possible the sale of all HTC smartphones in Germany, another blow to the Taiwanese firm just two days after it shocked markets by cutting its fourth-quarter outlook.

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