The European Union is ready to adopt decisive measures to tackle its sovereign debt crisis, French Prime Minister Francois Fillon said Sunday.
EU finance ministers outlined a deal on Saturday for recapitalizing European banks, and the leaders of Germany and France said they hoped for a breakthrough in tackling the Eurozone debt crisis at a summit on Wednesday.
Banks cannot rely on taxpayers' money to recapitalise themselves, Sweden's Finance Minister said on Saturday ahead of a meeting of EU finance ministers that was due to discuss steps to strengthen the European banking system.
Banks cannot rely on taxpayers' money to recapitalize themselves, Sweden's Finance Minister said Saturday ahead of a meeting of EU finance ministers that was due to discuss steps to strengthen the European banking system.
The U.S. and Europe can expect big equity losses on Monday, Komal Sri-Kumar, chief global strategist at TCW Group, told Bloomberg TV.
The Turkish army is responding to an attack that left 24 Turkish soldiers dead, one of the deadliest single attacks in the long conflict between government the Kurdish Workers' Party, or the PKK. Meanwhile, the parliament is working on a new constitution that could address the Kurds' grievances.
EU antitrust regulators are investigating agreements between Johnson & Johnson and Novartis over concerns they may have delayed the entry of a generic version of a powerful painkiller on to the Dutch market.
Stock indexes rose at the open on Friday ahead of a European Union debt-crisis summit on the weekend that could go some way in removing one of the biggest overhangs for markets and allow investors to focus on corporate results.
European leaders have put off crucial decisions on how to stop a sovereign debt meltdown in their currency zone, keeping markets on edge, to give German Chancellor Angela Merkel time to secure parliamentary support, EU sources said on Friday.
Standard & Poor's will likely lower the credit standing of five European nations, including top-rated France, by one or two notches if the region slips into recession and government borrowings increase, the rating agency said in a report.
Stocks bounced on Friday after France and Germany said a comprehensive euro zone debt deal was on its way, if a little late, although a weaker euro and rising bund futures suggested not everyone was convinced.
Clashes between rival groups of protesters broke out in front of the Greek parliament on Thursday, interrupting a rally by tens of thousands against a tough new package of austerity measures due to be approved later in the evening.
U.S. stocks traded down on Thursday on fears regarding the Eurozone bailout.
Greek media identified the deceased as a middle-aged trade unionist.
European banks need about 100 billion euros ($138 billion) to shore up their balance sheets for rough seas, Austrian Finance Minister Maria Fekter said on Thursday ahead of a weekend EU meeting to address the euro zone debt crisis.
A split between the International Monetary Fund and the European Union is threatening to delay Greece's next aid payment in another blow to European efforts to stem the debt crisis.
US stocks fell and the euro edged lower on Wednesday as a consequence of fading optimism about European leaders to make considerable advancement to resolve the euro zone debt crisis at their summit meeting this weekend.
Gold eased on Wednesday as growing hopes of a resolution to the Eurozone debt crisis persuaded investors to shrug off a downgrade to Spain's credit rating and buy riskier assets such as equities.
Asia's gold buyers trimmed purchases as prices rebounded, but demand is expected to stay firm as India approaches key festivals next week, underpinning sentiment in the precious metal.
U.S. stocks are mixed Wednesday morning on economic data and earnings.
In Greece, a 48-hour general strike began Wednesday as parliament prepared to vote on an unpopular austerity package designed to bring the country out of debt. The latest version of the budget slashing bill would impose a new civil service salary system while cutting up to 20,000 public sector jobs.
U.S. stock futures have turned negative on a weak earnings report from Apple and tempered optimism on hopes of a big Eurozone bailout.
