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Jefferies cuts certain Europe positions by half

Jefferies Group Inc the mid-sized investment bank trying to distance itself from bankrupt MF Global Holdings Ltd , said it reduced by half the gross positions in sovereign securities of certain European countries it had on Friday.

Eurozone Countries Could Split, Says Goldman Sachs Exec

A protestor holds a placard next to the euro sculpture outside the European Central Bank (ECB) headquarter during a demonstration of the occupy-movement in Frankfurt's banking district
Countries in the Eurozone will find it increasingly unattractive to stay in the single currency, if there is a German-led fiscal integration, the chairman of Goldman Sachs Asset Management said in a Sunday Telegraph interview.
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Weak India Performance Weighs on StanChart Results

Standard Chartered Plc said on Wednesday that operating profit before tax in the first nine months grew at a double-digit rate, helped by a strong showing in markets including Hong Kong and putting it in line for a ninth straight year of record earnings.
Greece's PM Papandreou

Greece Risks Meltdown After Bailout Vote Bombshell

The Greek government faced possible collapse on Tuesday as ruling party lawmakers demanded Prime Minister George Papandreou resign for throwing the nation's euro membership into jeopardy with a shock call for a referendum.
Jon Corzine, chairman and chief executive officer of MF Global Holdings

Did Corzine's Risk-Taking Cripple MF Global?

In early April, Jon Corzine was in a tough spot. MF Global, the company he had run for the previous year, was about to post a fourth-quarter loss, marking its fourth successive fiscal year of red ink.
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Despite Market Reactions, Global Financial Crisis Still Looms Large

If one buys into reactions of global markets, including the New York Stock Exchange and Dow Jones Industrials Average, they could go to sleep at night with little concern that the Eurozone financial crisis is a ticking time bomb, just waiting to explode with global implications that ripple back to the U.S.
Klaus Regling, CEO of the European Financial Stability Facility, speaks during a conference in Lisbon about the future of the Euro

Europe Bailout Fund Chief Sees No Quick China Deal

The head of Europe's bailout fund said Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund.
CEO of the European Financial Stability Facility Regling attends a news conference in Frankfurt

Europe Bailout Fund Comes Calling on Beijing

The head of Europe's bailout fund said Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund.
Emma Lazarus

Statue of Liberty: Remembering Emma Lazarus and Her 14 Iconic Lines

In 14 lines engraved on a plaque on the pedestal of the Statue of Liberty, Emma Lazarus (1849-1887) captured the belief in the American Dream that has defined the United States' self-image for more than a century and moved millions of immigrants to seek refuge here.
Germany's Chancellor Angela Merkel waits for her car as she leaves a euro zone leaders summit in Brussels

Euro deal leaves much to do on rescue fund, Greek debt

Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund.

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