IBTimes Topics

Greece Down, Spain, Portugal and Italy on the Bench and Hungary at Bat

By FXEmpire

EU Ministers are proposing to freeze 495 million EUR in EU funds destined for Hungary in 2013, the European Commission says, the first time it has ever taken such a measure. Now that Greece has been moved off the burner, the EU has taken aim at Hungary. (6:13 pm)

MORE TOPICS: IMF, EUROPEAN UNION, GDP

World’s Deepest Land Animal Discovered 6,500 Feet Underground

By IBTimes

Researchers discovered the worlds deepest land animal, a kind of insect, 6,500 feet below the ground. (4:54 pm)

Analysis - Huge private debts pose bigger hurdle for euro zone

By Reuters UK

Away from the markets' fixation with the debts of Greece and other governments, concern is growing at the painfully slow progress Europe is making in tackling a much bigger mountain of corporate and household debt. (3:35 pm)

MORE TOPICS: GDP, INTERNATIONAL MONETARY FUND, MORTGAGE, LONDON

Policy pace to settle after Draghi's dramatic start

By Reuters UK

Two rate cuts, an expected 1 trillion euro stimulus and tentative signs of the euro zone economy stabilising have diminished the chances that the European Central Bank will cut interest rates to a new low. (11:43 am)

MORE TOPICS: GERMANY, MANUFACTURING, EUROPEAN CENTRAL BANK

Gold and Silver Report - "Cheers or Jeers?"

By Kitco Metals Inc.

Gold and silver prices headed lower this morning while platinum and palladium extended their Tuesday rally with fairly hefty additional gains. Gold retreated towards the $1,750 area while silver fell back to near the $34 level as profit-takers moved ... (11:15 am)

MORE TOPICS: CHINA, GOLD, HSBC, GEORGE SOROS, CRUDE OIL, GERMANY

Eurozone Recession More Likely After Business Activity Slips

By IBTimes

Eurozone private sector business activity shrunk in February, an unexpected turn that has renewed old fears and prompted new concerns of a recession in the region's economy while it lags through a debt crisis. (8:37 am)

MORE TOPICS: DOW JONES, GERMANY

Oil Prices Rise, GOP Blames President: Will it Harm Obama's Re-election Prospects?

By IBTimes

The climbing oil prices could undermine the U.S. economic recovery and it is an extremely disturbing report for President Barack Obama as it could hurt his re-election chances. (5:45 am)

MORE TOPICS: GLOBAL WARMING, BARACK OBAMA, UNEMPLOYMENT, DOW JONES, EUROPEAN UNION, WHITE HOUSE

Greece: Bailout In The Mail, Not Enough Money In The Envelope

By Aireview

A fitful reaction from the markets to the news that the second bailout of Greece is much closer after eurozone finance ministers agreed to the latest bailout package. (Feb 21)

MORE TOPICS: CHINA, GOLD, UNEMPLOYMENT, GERMANY, GDP, AUSTRALIA

Greek bailout fails to sustain risk rally

By GoMarkets

A$ under selling pressure as Euro-region headlines continue to dominate Euro down as investors question Greece’s long-term economic fortunes A return to the Drachma a viable option? (Feb 21)

MORE TOPICS: HSBC, MANUFACTURING, INVESTMENT

Carnival 2012: Europe Bids 'Farewell to the Flesh' [SLIDESHOW]

By IBTimes

Carnival is a festive event held before the Christian observance of Lent, a forty-day period of prayer and fasting before the celebration of Easter. It is commonly held in countries with sizable Catholic populations, and is celebrated with costumes, parades and feasts. (Feb 21)

MORE TOPICS: GERMANY, CARNIVAL