Developments in Greece and Spain could lead first to rating reviews and then to rating actions on all 17 countries in the euro zone, Moody's Investors Service announced Friday.
Spanish officials appeared hesitant to recognize the reality of their country's situation on Saturday as the nation agreed to accept as much as ?100 billion ($125 billion) in a bailout of its cash-strapped financials sector by one or both of the euro zone's rescue funds.
Clean energy advocates may be celebrating the decline of coal-fired power. But in the heart of Kentucky's Appalachia, ground zero for coal country, mining is essentially the economy. And there, no coal means no recovery
Within a week of Facebook Inc.'s (Nasdaq: FB) $16 billion initial public offering, at least six lawsuits were filed against its top officials, including CEO Mark Zuckerberg, as well as six investment banks involved in the deal. That in itself is not surprising, considering the IPO flopped. What would be surprising is if the shareholders actually get anything near what they feel they deserve.
While the euro zone fiscal crisis has grabbed the spotlight, the U.S. faces its own fiscal crisis. The simultaneous onset of tax increases and spending cuts scheduled for Jan. 1 -- which will trigger unless Republicans and Democrats can agree on a balanced budget solution -- will likely send the economy plunging off a $720 billion fiscal cliff and into the arms of another recession.
The rupee weakened on Friday on worsening global risk sentiment, but posted its first weekly gain against the dollar in more than two months as the local currency recovers from oversold conditions.
Asian stock markets reported their first weekly gains in six weeks amid hopes that major central banks, including the U.S. Federal Reserve, might act to tackle deteriorating global economic conditions.
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) rose 40,000 barrels per day (b/d) to 31.75 million in May, a new survey has shown.
The Reserve Bank of India is expected to ease rates at the forthcoming mid-quarter review June 18 to lift constraints on lending as it seeks to tackle the shortage of cash in the banking sector and the slowing economy.
The top after-market NYSE gainers Friday were: RPC, Digital Domain Media Group, SuperValu, AK Steel Holding and Rogers Communication. The top after-market NYSE losers were: Metropolitan Health Networks, Yelp, Visteon Corp, Halcon Resources and Standard Pacific Corp.
Asian markets rose this week amid hopes that policy makers would take concrete measures to tackle the financial crisis and regain the economic growth momentum.
China's inflation cooled in May, giving Beijing more wiggle room to loosen policy and stimulate growth. Its consumer price index rose by 3 percent, and its producer price index fell by 1.4 percent.
France's agriculture ministry intends to revoke a key permit allowing the use of a pesticide believed by scientists to harm bumblebee and honeybee populations.
African governments -- and international animal-rights organizations -- contend the Chinese luxury consumer's appetite for ivory is driving a new wave of illegal killing of one of their continent's most iconic animals.
Tom and Ray Magliozzi, better known as Click and Clack the Tappet Brothers of Car Talk fame, are calling it quits on their popular NPR radio show, the duo announced Friday.
Two Chesapeake Energy Corp. (NYSE: CHK) directors -- members of the audit committee now dealing with the personal finances of the company's CEO -- offered their resignations Friday after they attracted little support at the annual shareholders meeting.
Adam Opel GmbH, an aging European subsidiary of the General Motors Co. (NYSE: GM), is hoping Chinese sales will be a panacea for miserable performance in the European market.
It is easy to see why the euro is falling.
Forget New York, Paris or Sydney. Take a closer look at the map, and you?ll find a whole host of overlooked cities just begging to be explored.
As we have long expected, China is beginning to decelerate.
The effect of the nation's declining demand for coal is causing added drag on some leading rail companies, and shareholders are not happy.
Apple is expected to unveil a ton of new products next week at the 2012 Worldwide Developers Conference (WWDC) in San Francisco, but on Friday, Gadget Lab tweeted a picture from Wired's Roberto Baldwin of a banner put up in Moscone West, one of the WWDC event locations, which showcased iOS 6: The world's most advanced mobile operating system.
Lower U.S. demand for crude oil and petroleum products in April helped shrink the nation's balance-of-trade deficit from the previous month, the Commerce Department said Friday, but the trade deficit with China worsened.
After George Soros, the influential hedge fund manager, posted a speech he gave at an economics conference in Italy last week, the financial blogosphere lit up. It got lots of praise as the best analysis yet of the ongoing fiscal debacle in Europe. But at over 4,400 words, it's definitely not for the ADD-challenged. Which is why we've turned it into a handy illustrated video.
Not wanting to leave markets complacent going into the weekend, troubling headlines continue to hit the wires from the common-currency bloc overseas.
A deluge of data is due over the weekend and next week, including almost all of China's key barometers of economic health. The worsening European debt crisis is casting a pall over everything, and has slowed down growth in the world's economic powerhouse.
Junior Alexander Guy, 49, signed up for a cell phone for the first time last month and got George Zimmerman's old number and death threats.
Three days before the start of the 2012 Worldwide Developers Conference (WWDC) in San Francisco, a new report from KGI Securities analyst Ming-Chi Kuo claims Apple will unveil a brand-new Mac notebook equipped with a Retina Display, which is simply being referred to as MacBook. The computer will reportedly be offered alongside the updated MacBook Pro, MacBook Air, iMac and Mac Pro models set to debut next week.
Lower U.S. demand for crude oil and petroleum products in April helped shrink the nation's balance-of-trade deficit from the previous month, the Commerce Department said Friday, but the trade deficit with China worsened.
Thousands of software and application engineers have already sold out next week?s developers conference mounted by Apple (Nasdaq: AAPL), the world's most valuable technology company. Here are four key highlights.
