Greece's new prime minister headed to Brussels on Sunday to fight for the aid Athens needs to avoid bankruptcy, even as one of his coalition backers refused to give a written pledge to support reforms and a public-sector union readied itself for strikes.
World Gold Council's third-quarter demand report showed central bank buying going far above most analysts estimates. Analysis shows the mystery buyers to be China or India.
Greece's creditors failed on Saturday to persuade the leader of the main conservative party to drop his refusal to sign a pledge that he will back austerity measures under a bailout deal aimed at saving the country from financial ruin.
The International Monetary Fund is inserting itself more forcefully into Europe's efforts to resolve its debt crisis, hoping to stem a contagion that is spreading worldwide and threatening global growth.
Canada Life Ireland, a unit of Canada's second-largest life insurer Great-West Lifeco (GWO.TO: Quote), is the lead candidate buy Irish Life & Permanent's (IPM.I: Quote) insurance arm, a source close to the matter said on Friday.
Stocks were little changed on Friday, but easing European sovereign debt yields kept the S&P 500 above a key technical level.
Papademos’ government also promised that it will not have to enact any further austerity cuts.
Wall Street stocks were set to bounce back on Friday after Europe's debt crisis drove heavy market losses this week, with the S&P 500 falling through important technical levels and possibly facing another key test of strength.
Spain and France struggled with government bond auctions on Thursday, throwing into sharp relief the threat of larger euro zone economies succumbing to the debt crisis that began in Greece and is already lapping at Italy's shores.
The head of the International Monetary Fund's Europe department resigned suddenly on Wednesday, a year after taking on the crucial role, leaving the fund at a critical time as it grapples with the European financial crisis.
The Paris Club of creditor nations said members agreed on Tuesday to reduce the Ivory Coast's foreign debt burden and said reforms underway should lead to further relief.
A budget crunch in Swaziland, Africa's last absolute monarchy, has reached a critical stage with the government struggling to maintain spending on HIV/AIDS, education and the elderly, the International Monetary Fund said on Wednesday.
Asian stock markets ended lower on Wednesday, as concerns about Europe’s debt crisis offset better-than-expected reports on U.S. economy Tuesday.
What do the International Monetary Fund, Louis Vuitton and Unilever have in common?
A sharp slowdown in world growth would increase the risk of recession in poorer countries, whose budgets have barely recovered from the last economic slump just two years ago, the IMF said on Monday.
Local governments in China had lent an astounding 10.7 trillion Yuan by of year-end 2010 – or about 27 percent of GDP for that year.
Lucas Papademos has insisted that remaining in the Eurozone is our only choice.
German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.
President Barack Obama and China's Hu Jintao will pitch differing trade agendas on Saturday as an antidote to weak global growth, as they try to sidestep the European debt crisis looming over an Asia-Pacific summit.
Diplomatic deadlock is curbing China's will to provide cash to help end the euro zone crisis after Europe spurned the simplest of Beijing's three key demands, two independent sources have told Reuters.
As the Eurozone Crisis boils, Ireland's continuous difficulties remain glaringly evident, in spite of the Nov. 2010 bailout.
Papademos’ resume is nothing short of sterling and diverse, with a heavy presence in the United States.