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High Interest Costs Burden Greece

admin — Thu, 11 Mar 2010 14:58:35 +0000

The high interest rates Greece must pay to borrow money are threatening the country's aggressive projections of a reduced budget deficit, and raising again the specter that it may need external aid.

In Ireland, a Blueprint for Euro Zone

admin — Wed, 10 Mar 2010 13:50:17 +0000

Debt-laden Ireland is winning applause for adopting severe measures that Greece has put off, but pay cuts and tax hikes have put public servants in some unusual binds.

European Markets End Flat

admin — Tue, 09 Mar 2010 17:34:45 +0000

European stocks recovered earlier losses to finish mostly flat, as positive U.S. stocks offered support despite continuing concerns about the euro zone's sovereign debt crisis.

Asia Stocks: Tokyo Slips 0.2%

admin — Tue, 09 Mar 2010 15:01:24 +0000

Tokyo stocks slipped Tuesday in lackluster Asian trade, as steelmakers and exporters succumbed to profit-taking.

Europe Bailout Fund Gains Backing

admin — Tue, 09 Mar 2010 10:12:44 +0000

The European Union's executive arm said it is preparing proposals that could lead to the creation of a bailout fund for financially troubled euro-zone countries.

European Stocks Finish Flat

admin — Mon, 08 Mar 2010 17:37:56 +0000

Despite the lack of economic and corporate data, European stocks closed mostly flat as concerns about Greece receded. The dollar weakened.

Resources, Arrow Energy Up

admin — Mon, 08 Mar 2010 14:06:51 +0000

Most Asian shares rose with resource-related stocks higher on commodity prices and Australia's Arrow Energy surging. The Nikkei was up 2.1%.

Iceland Voters Reject Debt Deal

admin — Mon, 08 Mar 2010 09:58:21 +0000

Icelanders roundly rejected a deal to repay the U.K. and the Netherlands $5.3 billion lost in the collapse of an Icelandic Internet bank, complicating the island's bid to access badly needed international-aid funding and render normal its relations with the rest of the world.

Pakistan Urged to Name Finance Minister

admin — Mon, 08 Mar 2010 07:00:59 +0000

Pakistan President Asif Ali Zardari is under pressure to name a credible finance minister after the previous officeholder—a vocal critic of government corruption—resigned almost two weeks ago, citing personal reasons.

Germany Backs European Version of IMF

admin — Mon, 08 Mar 2010 02:22:08 +0000

Germany's finance minister expressed support for creating a "European Monetary Fund" that could bail out indebted nations in the euro zone, showing how Greece's debt crisis is forcing Europe to rethink the institutional design of its common-currency area.

Asian Shares Rise, Nikkei Up 1.8%

admin — Fri, 05 Mar 2010 04:58:39 +0000

Asian share markets were higher after Wall Street's gains Thursday, with stocks in Tokyo up 1.8% on hopes the Bank of Japan would ease policy further.

New Search Results, from Technorati and Ingboo

admin — Thu, 04 Mar 2010 23:00:00 +0000

Technorati and Ingboo have partnered together to provide an all new kind of subscription experience for Technorati content, including search results. Look for a blue Ingboo icon for a full range of subscription options.

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European Stocks Finish Lower

admin — Thu, 04 Mar 2010 17:53:50 +0000

European shares fell after amid mixed U.S. economic data and a further easing of the Greece fiscal crisis. The euro slipped against the dollar and oil and gold fell.

Asia Shares Drop on China Worries

admin — Thu, 04 Mar 2010 14:01:19 +0000

Asian shares were mostly lower Thursday as Wall Street's tepid performance failed to inspire markets. The Nikkei was down 0.3%