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Asian stocks rise as China data boosts hopes

Asian Stocks Edge up, Euro Stalls as Caution Prevails

Asian stocks edged higher and a rally in the euro stalled on Wednesday, as investors looked for more signs that European leaders were tackling a debt crisis that threatens the financial system before committing bolder market bets
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Riot police stand in front of the parliament during a rally in Athens

Eurozone Struggles to Stem Crisis; Obama Urges Action

Euro-zone officials are working to magnify the firepower of the region's rescue fund, European Central Bank policymakers said on Monday, while President Barack Obama piled on pressure for Europe to staunch a sovereign debt crisis that threatens the world economy.
Traders work at their desks in front of the DAX index board at Frankfurt's stock exchange

World Stocks Slide Again on Europe Debt Fears

European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.
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Novartis Drug May Help Older Breast Cancer Patients

Novartis's bone drug Zometa extended survival in older breast cancer patients but failed to improve disease-free survival among younger women patients in a large-scale clinical trial, researchers said on Sunday.
U.S. Stock Market

U.S. Stocks: Is the Dow’s Pullback a Buying Opportunity?

The Dow Jones Industrial Average (DJIA) is on track to record a weekly decline of more than 800 points -- its worst weekly swoon in two years. But the important question for the typical investor is, 'Where's the Dow likely to head in the next six months?'
Eurozone

Europe Crisis Raises Banks Risk by $410 Billion: IMF

Europe's debt crisis has increased the risk exposure of banks in the region by 300 billion euros ($410 billion) and they need to recapitalize to ensure they can weather potential losses, the International Monetary Fund said on Wednesday.
Greece's Finance Minister Venizelos waits for documents to be handed to him as he leaves a parliament session in Athens

Greece to Outline More Austerity to Secure Loan

The Greek cabinet was expected to outline major public sector layoffs, more spending cuts and tax increases on Wednesday to secure a bailout installment crucial to avoid running out of money next month.
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S&P Italy Downgrade a New Blow for Distressed Europe

Standard & Poor's cut its unsolicited ratings on Italy by one notch on Tuesday, a surprise move that sharply increases strains on the debt-stressed euro zone and piles pressure on policymakers to take more decisive action to resolve the crisis.
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Dollar, Dollar-Related Assets Soar, Precious Metals Fall

Gold fell Monday in midday trading as investors decided to diversify their safe-haven opportunities by increasing their holdings of U.S. Treasuries, the dollar and the Japanese yen, said George Cocalis, senior market strategist for PFGBEST.
U.S. Treasury Secretary Tim Geithner

Geithner Presses EU to Act Decisively, Speak as One

Treasury Secretary Timothy Geithner told EU finance ministers on Friday they should end loose talk about a euro zone break-up and work more closely with the European Central Bank to tackle the debt crisis.

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