Poles are voting in a parliamentary election Sunday, likely to give the ruling center-right Civic Platform four more years in power to press on with gradual economic reforms and closer ties with the EU.
German Chancellor Angela Merkel will thrash out differences with French President Nicolas Sarkozy Sunday over how to use the Eurozone's financial firepower to counter a sovereign debt crisis threatening the global economy.
There is general agreement that European banks will need fresh capital well in excess of 100 billion euros ($133.8 billion) and it will likely come from a variety of sources, including the euro zone rescue fund, Ireland's finance minister said on Saturday.
California's burgeoning olive oil producers are counting on a newly enacted state labeling law to persuade more consumers that American brands are more virginal than their imported rivals.
Declaring women's rights vital for world peace, the Nobel Committee awarded its annual Peace Prize on Friday to three indomitable female campaigners against war and oppression -- a Yemeni and two Liberians, including that country's president.
Wall Street clearly cares about the European debt crisis and Friday's session reaffirmed it.
Despite the largely encouraging news coming out of the Eurozone this week, the European Debt Crisis is far from over.
U.S. stocks turned negative as investors reassessed Friday's Bureau of Labor Statics (BLS) non-farm payroll (NFP) jobs report and digested a pair of downgrades from Fitch Ratings.
Eurozone authorities are discussing ways to recapitalize European banks and the ECB announced on Thursday that it will reintroduce year-long loans to banks. These measures, however, are band-aid solutions that don't address the core issue of the European debt crisis.
European stocks rose on Friday and the euro clung to gains from a 2-cent rally after euro zone policymakers moved to shore up struggling banks and fend off a financial crisis, while markets positioned for U.S. employment data due later.
The euro has rallied over 100 pips against the U.S. dollar since the beginning of the New York session. Before the U.S. opening, the European Central Bank (ECB) re-introduced two liquidity measures to support the European financial system: one-year loans and 40 billion euros worth of covered bond purchases.
Heading into Thursday’s European Central Bank (ECB) policy meeting, some investors and analysts expected a rate cut.
The European Central Bank reinstated some of its most potent crisis-fighting tools on Thursday in response to intensifying euro zone troubles, but opted to keep interest rates at 1.5 percent despite some of the bank's policymakers calling for cuts.
The Canadian dollar weakened sharply against its U.S. counterpart in early trade on Thursday after the European Central Bank held interest rates unchanged, dashing hopes it might cut rates to stimulate growth.
U.S. stocks rose Thursday morning as the European Central Bank (ECB) provided support for European banks and U.S. economic data proved better than expected.
Twelve years after German Chancellor Helmut Kohl pushed through the monetary union over the objections of a majority of his country's citizens, the bloc is crumbling under the burden of huge debts. And the one institution that Germans were told would ensure stability, the ECB, is in deep crisis itself. In the absence of decisive action from Europe's leaders, the bank has come under enormous pressure to fill the gap.
Gold firmed in Europe on Thursday as a strong recovery in equity markets cut selling of the precious metal to cover losses elsewhere, and as physical buyers took advantage of lower prices to stock up.
Christian pastor Youcef Nadarkhani will avoid the hangman in Iran, it appears, as Iran claims that the reports of death penalty that circulated around the world last week were unsubstantiated.
In Italy, the murder rate amounted to 1.0 homicide per 100,000 inhabitants, the second-lowest figure in Europ
Inspectors from the IMF, EU and the European Central Bank are likely to recommend releasing a vital tranche of aid to Greece but Athens must first do more to convince them it can implement reforms, a senior official from the troika said on Wednesday.
Some 16,000 workers in Greece are in the midst of a 24-hour labor strike to protest the country's austerity package. Organized by Greece's largest unions, the strike and demonstration in Athens have paralyzed airports and ferry lines and closed schools, government offices and tourist sites.
Gold prices hovered in a tight range Wednesday as strong physical buying offset renewed optimism among stock investors that Europe might yet avert a sovereign debt-induced recession.
