Economy

Euro

From Politics & Policy 3:56 pm

Global Losses From Greek Euro Zone Exit Could Reach €1 Trillion

The financial markets appear to have already priced in Greece’s departure from the euro bloc.

US Federal Reserve

From Politics & Policy 2:28 pm

Fed Keeps Bond-Buying Door Open: Minutes

U.S. Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting.

France's new President Hollande and newly-named French Prime Minister Ayrault leave after a traditional ceremony at Paris city hall

From Politics & Policy 2:18 pm

France’s New Socialist Government Names Cabinet

Interestingly, Martine Aubry, the leader of the Socialist party rejected an offer to head a "super ministry."

Euro

From Economy 1:38 pm

Forex: What Happens If Greece Leaves The Euro?

The growing possibilities of an imminent Greek exit from the single currency bloc could drive up the value of safe-haven currencies such as the U.S. dollar and the British pound, while hurting a number of emerging Asian currencies that are sensitive to investors' risk appetite.

Leader of the Left Coalition party Tsipras smiles during a meeting with Greek President Papoulias in Athens

From Politics & Policy 1:27 pm

Greece: Syriza Leader Attacks EU And Merkel, As Caretaker Government Takes Shape

Tsipras has said he wants Greece to remain in the euro zone, but has demanded that bailout agreements be renegotiated by providing more favorable terms.

The Wheatstone and nearby Iago natural gas resources are located about 200km (124 miles) north of Onslow off Western Australia's Pilbara coast. The Julimar and Brunello fields will tie back to the central processing platform.

From Politics & Policy 1:03 pm

Japan's Tepco, Mitsubishi To Buy 10% Stake In Chevron Natural Gas Field

The Japanese government and local companies will buy a 10 percent stake in Chevron Corp. (CVX)'s Wheatstone natural gas field in Australia for 350 billion yen ($4.37 billion), Nikkei newspaper reported.

A resident looks at the price of gasoline as she fuels up her car at a gas station in South Beach

From Politics & Policy 1:00 pm

Ethanol In Gasoline Potentially Harmful To Millions Of Engines, Says Report

A new blend of ethanol in gasoline could likely cause billions in damages to millions of engines across the country said a final report released by the Coordinating Research Council on Wednesday.

General Electric

From Economy 12:48 pm

GE To Buy Australia's Industrea For $696 Million, Fairchild Intl For Undisclosed Amount

General Electric Co. (NYSE: GE) said it would buy two mining equipment companies as it seeks to expand in the $61 billion global mining supplier industry.

A sculpture showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt

From Politics & Policy 12:00 pm

ECB Stops Operations With Some Greek Banks: Sources

The European Central Bank has stopped monetary policy operations with some Greek banks as they have not been successfully recapitalized, euro zone central bank sources said on Wednesday.

Anthoula Christoula, former wife of Dimitris Christoulas, cries over his coffin during a funeral procession in Athens

From Economy 11:54 am

Greece: Economic Crisis Sparks Surge In Suicides

The surge in people killing themselves can be directly linked to “increased insecurity and uncertainty for the future.”