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Ousted Olympus CEO Wants Meeting with Investigative Panel

Former CEO of Olympus, Michael Woodford poses for a photograph in central London
Olympus Corp's ousted CEO Michael Woodford said on Wednesday he wants to meet a third-party panel probing past M&A deals at the endoscope maker after the head of the investigative group earlier said it would seek a hearing with him.
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World Stocks and Euro Rise as Markets Look to Fed, G20

World stocks and the euro edged up on Wednesday after a rollercoaster week, as investors hoped for comfort on the weak U.S. economy and troubled euro zone from meetings of the U.S. Federal Reserve and Group of Twenty leaders.
Former CEO of Olympus, Michael Woodford poses for a photograph in central London

Ousted Olympus CEO Wants Meeting with Probe Panel

Olympus Corp's ousted CEO Michael Woodford said on Wednesday he wants to meet a third-party panel probing past M&A deals at the endoscope maker after the head of the investigative group earlier said it would seek a hearing with him.
Stock prices are displayed inside the Stock Exchange in Athens

Greek Referendum Call Blows Hole in Eurozone Plan

Prime Minister George Papandreou's call for a referendum on the latest Greek bailout plan has blown a potentially fatal hole in the Eurozone's strategy to overcome its sovereign debt crisis.
Japanese Bank Note

Analysis: Japan's Costly Bid to Weaken Yen

Japan's costly attempt to weaken the yen underscores its determination to do its best to ease the pain felt by the export-reliant economy without embarking on a potentially thorny sustained yen-selling spree to turn the market's tide.
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Stock Index Futures Tumble on Greece Referendum Surprise

Stock index futures tumbled on Tuesday as the deal to rescue Greece and prevent a wider sovereign debt crisis faced a new hurdle and as Asian economic data reignited fears of a slowdown in global growth.
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Futures Lower on Greece and Asian Growth

Stock index futures tumbled on Tuesday as the deal to rescue Greece and prevent a wider sovereign debt crisis faced a new hurdle and as Asian economic data reignited fears of a slowdown in global growth.
Trader Richard Deviccaro of Morgan Stanley works on the floor of the New York Stock Exchange

U.S. Stock Futures Signal Another Bad Day on Wall Street

Futures pointed to a lower open on Wall Street on Tuesday, adding to losses in the previous session, with the shock announcement of a Greek referendum on its bailout dragging down markets worldwide.
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Asian Stocks and Commodities Fall on Greek Shocker

Asian shares and commodities fell Tuesday, after a shock announcement that Greece will hold a referendum on a new EU bailout deal for the debt-ridden country threw efforts to resolve the euro zone's debt crisis into fresh doubt.
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Asian Shares, Commodities Slip on Persistent Euro Fears

Renewed worries about the slow progress in resolving the euro zone's debt crisis dampened investor appetite for risk, sending Asian shares and commodities lower Tuesday while keeping pressure on the euro.
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UNESCO Admits Palestine, and U.S. Freezes Funds

The United States announced to stop financial contribution to United Nations Educational, Scientific and Cultural Organisation after the UN body voted to admit Palestine as its full member, which the Obama administration termed as regrettable and premature.
Japanese Bank Note

Japan Intervention: How Low Will the Yen Go?

The Japanese intervention took the forex market by storm late Sunday, sending the Japanese yen over 5 percent lower against the U.S. dollar in a little over one hour.

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