GERMANY

Incoming ECB Head Gives Eurozone Pre-Summit Boost

The incoming head of the European Central Bank threw the Eurozone a lifeline hours before a crucial summit on Wednesday by signaling the bank would go on buying troubled states' bonds to combat market turmoil.

U.S. Oil Soars to 12-Week High as Brent Spread Deflates

Traders work in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange
U.S. oil prices shot to a 12-week high on Tuesday in a second day of frenetic spread trading, with dealers racing to claw back a record discount versus Europe's Brent as they gave in to evidence of tightening supplies.
German Chancellor Angela Merkel

Merkel Calls for Bailout Fund Support Before Vote

Chancellor Angela Merkel appealed to German lawmakers from all parties on Tuesday to back plans to boost the firepower of the euro zone rescue fund in a vote set to take place hours before Wednesday's crunch EU summit.
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German Right See Battling Merkel Prevailing on Euro

Angela Merkel's supporters praised her for getting France to drop demands to use the European Central Bank to leverage euro crisis funds, but looked like making a meal out of the German parliament's new right to be consulted on how these are used.
(L to R) European Commission President Jose Manuel Barroso (L), Germany's Chancellor Angela Merkel (C) and European Central Bank President Jean-Claude Trichet (R)

China Pushes EU to Reach Debt Deal Without Delay

China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country's number four-ranked leader arrived for a visit of the continent, including Greece.
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China Urges EU to Reach Debt Deal Without Delay

China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country's number four-ranked leader arrived for a visit of the continent, including Greece.
Germany's Chancellor Merkel arrives at the European Union summit in Brussels

Germany, France Come Closer to EFSF Leveraging Deal: Officials

France and Germany are close to a deal to leverage the euro zone bailout fund through first loss insurance for the primary bond market and a special purpose vehicle with an EFSF subordinated loan for the secondary market, euro zone officials said.
Heroism Amid Panic

Turkey Earthquake 2011: As Hundreds Feared Dead in 7.2 Quake, Where Is Turkish Government?

Hundreds have died and thousands remain trapped after a 7.2 magnitude earthquake in Turkey, and survivors are calling on the Turkish government to provide aid, including food, shelter and medical supplies, as aftershocks continue to rock Ercis, Van and Celebibag. Turkey is frequently hit by earthquakes, but many feel the call for better building regulations and search and rescue strategies has gone unanswered.
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EU leaders eye guarantees for banks

European Union leaders piled pressure on Italy on Sunday to speed up economic reforms to avoid a Greece-style meltdown as they began a crucial two-leg summit called to rescue the euro zone from a deepening sovereign debt crisis.
IMF President Lagarde talks to Eurozone finance ministers during an eurozone finance ministers meeting in Brussels

Italy, Spain Under Pressure as EU Frames New Bank Deal

EU finance ministers outlined a deal on Saturday for recapitalizing European banks, and the leaders of Germany and France said they hoped for a breakthrough in tackling the Eurozone debt crisis at a summit on Wednesday.
Lindsey Vonn from the U.S. clears a gate during the first run of the women's giant slalom World Cup race on the Rettenbach glacier in the Tyrolean ski resort of Soelden

Vonn Finally Makes Giant Slalom Breakthrough

Lindsey Vonn became the fifth female skier to win in all five Alpine disciplines when she claimed her maiden giant slalom victory in the opening race of the World Cup season on Saturday.
Traders work on the main trading floor of the New York Stock Exchange

Wall Street Opens Higher Ahead of Euro Summit

Stock indexes rose at the open on Friday ahead of a European Union debt-crisis summit on the weekend that could go some way in removing one of the biggest overhangs for markets and allow investors to focus on corporate results.

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