G20 inches toward $2 trillion in rescue funds
February 26 2012 1:48 PM
Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent further fallout from the euro-zone's sovereign debt crisis.
G20 moves to line up huge rescue deal for April
February 26 2012 1:48 PM
The world's leading economies worked on Sunday to line up a deal in April on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.
Euro-zone deal on firewall awaits Germany
February 25 2012 8:16 PM
Germany may not be ready to back an increase in the euro zone's bailout fund at a summit next week, delaying progress towards building up nearly $2 trillion in firepower to tackle fallout from Europe's sovereign debt crisis.
Euro zone decision on size of bailout fund seen delayed
February 25 2012 4:48 AM
Euro zone leaders may not be able to meet international demands to ramp up their own funds for bailing out the bloc's debtors when they meet next week because Germany is showing no sign of dropping its opposition to the plan, euro zone officials said.
Battle lines forming between MF Global customers, hedge funds
February 24 2012 2:40 PM
The MF Global saga could soon become a legal battle between hedge funds and the futures brokerage's shortchanged customers, with more than a billion dollars at stake.
Iran, Pakistan in talks on wheat barter deal
February 24 2012 6:48 AM
Iran has asked to import a million tonnes of wheat from Pakistan in a barter deal, a senior official in Islamabad said on Friday, as Tehran faces disruption to its food imports because of U.S. and European Union sanctions.
MF Global failure creates tax crunch for farmers
February 21 2012 6:24 PM
With the tax man breathing down his neck, Ohio farmer Tony Rohrs is scrambling to figure out how much money he made last year in an account at MF Global.
ADM to cut 20 percent more jobs than previously announced
February 21 2012 4:24 PM
Agricultural processor Archer Daniels Midland Co
on Tuesday said it will eliminate 20 percent more jobs than previously expected to reduce costs.
Greek finance minister on EU/IMF bailout
February 21 2012 2:16 PM
Here are highlights of Greek Finance Minister Evangelos Venizelos's news conference in Athens on Tuesday after returning from Brussels talks where euro zone finance ministers clinched a 130-billion-euro bailout package.
Irish PM says legal advice on referendum likely in 2/3 weeks
February 21 2012 12:48 PM
Irish Prime Minister Enda Kenny said on Tuesday that the state's lawyer is likely to advise within two to three weeks on whether the country needs to hold a referendum on a new EU treaty that includes tougher fiscal rules.
Bank of China moves closer to LME membership
February 20 2012 10:16 AM
Bank of China International is on track to become the first Chinese member of the London Metals Exchange - giving the bourse a boost while it is considering possible takeover bids - following authorization by the UK financial regulator.
Motorists protest against Putin on Moscow's streets
February 19 2012 10:40 AM
Hundreds of Russians protesting against Vladimir Putin drove through Moscow Sunday ahead of the March 4 presidential election expected to seal his grip on power.
France's far-right returns to roots with halal claims
February 19 2012 8:48 AM
French far-right leader Marine Le Pen switched her presidential campaign back to immigration Sunday, saying all meat in Paris was halal, as she tries to head off President Nicolas Sarkozy's attempts to lure her supporters.
France's far right leader Le Pen tries revive campaign
February 18 2012 9:32 AM
French far-right leader Marine Le Pen sought to revive her flagging presidential campaign Saturday, saying she was the only genuine opposition to the established parties whose policies would lead France into a Greek-style tragedy.
NYSE/Euronext submits bid for London Metal Exchange - source
February 17 2012 11:48 AM
NYSE/Euronext has submitted a bid for the London Metal Exchange , a source familiar with the matter said on Friday.
Heinz, Campbell Soup top Street view; shares up
February 17 2012 11:24 AM
HJ Heinz Co
and Campbell Soup Co posted better-than-expected quarterly profits, even as price increases meant to offset higher commodity costs hurt sales volume, and shares of both food makers rose in morning trade.
Kellogg to buy Pringles for $2.7 billion
February 15 2012 6:16 PM
agreed to buy Pringles potato chips for $2.7 billion in a cash deal that makes the cereal company second only to PepsiCo Inc in the global snack food market.
Sarkozy launches re-election bid with pledge to listen
February 15 2012 5:00 PM
President Nicolas Sarkozy declared his candidacy for a second term Wednesday, seeking to overturn a wide opinion poll deficit with promises to get the unemployed back to work and to listen more to French voters by calling referendums on reforms.
Kellogg to swallow Pringles for $2.7 billion
February 15 2012 2:24 PM
agreed to swallow Pringles potato chips for $2.7 billion in a cash deal that makes the cereal company second only to PepsiCo Inc in the global snack food market.
France's Sarkozy to launch presidential election campaign
February 15 2012 7:56 AM
French President Nicolas Sarkozy was set to formally declare his candidacy for a second term on television on Wednesday, hoping to overcome deep unpopularity with a short and intense campaign.