Ireland will hold a referendum of its people on the European Union's new fiscal treaty, the first poll test of public opinion on the anticipated tighter budget discipline in the 17-country euro zone.
Spain's Banco Santander, the biggest lender in the euro zone by market capitalization, said Tuesday that it will take over Poland’s Kredyt Bank from Belgium’s KBC Group in an all-share deal that values the combined entity at $6.69 billion.
Proview Technology has filed a lawsuit against Apple, saying that the California company has committed fraud and unfair competition. The China-based technology company accused Apple of misrepresenting itself when securing the iPad trademark, according to The Washington Post.
Syria had welcomed the Hamas leadership following their expulsion from Jordan in 1999
Chancellor Angela Merkel's room for maneuver on future euro zone bailouts, in doubt after a revolt by coalition lawmakers, shrank further on Tuesday when Germany's top court raised a hurdle to swift action in financial rescues.
On one of the bloodiest days of the yearlong uprising in Syria, survivors of an alleged massacre at a checkpoint in Homs said women had been kidnapped. Later, in farmland near Abel, 64 bodies were found with bullet holes and stab wounds.
President Barack Obama, following through on a promise to beef up enforcement of trade agreements, on Tuesday will sign an executive order creating a new government team to make sure China and others play by the rules, the White House said.
Germany's Constitutional Court ruled Tuesday that a parliamentary panel formed to approve urgent action by the euro zone bailout fund is in large part unconstitutional. The decision could hamper efforts to tackle the European debt crisis.
The euro zone's 17 leaders will meet briefly during a summit of all 27 EU leaders on Thursday to reelect Herman Van Rompuy as president of the European Council, EU diplomats said on Tuesday.
The European Central Bank said on Tuesday it was temporarily suspending the eligibility of Greek bonds for use as collateral in its funding operations and that national central banks would have to provide banks with liquidity using an emergency measure.
Standard & Poor's has announced that its rating on Greek sovereign debt has been downgraded to selective default, subsequent to agreement by banks to write off more than half of their Greece debt holdings.
The announcement came as the European Union imposed further sanctions on Syria, including freezing assets and banning travel by Syrians closely linked to Assad.
As Syrians head to the polls, the European Union imposed a new set of sanctions on Monday in an attempt to get President Bashar al-Assad to call off his assault on the city of Homs and on opposition protestors.
Stock index futures fell on Monday in low volume following the S&P 500's four-year closing high last week and after the Group of 20 leading economies told Europe it must commit more money to fight the EU debt crisis before seeking broader help.
Stock index futures fell Monday in low volume following the S&P 500's four-year closing high last week and after the Group of 20 leading economies told Europe it must commit more money to fight the EU debt crisis before seeking broader help.
The euro zone avoided a credit crunch in January but banks showed scant sign of lending on the funds they snapped up at the European Central Bank's first 3-year lending operation to companies which have been starved of investment funds.
The euro gained broadly Monday as signs of fresh steps from the Group of 20 major economies to contain the euro zone debt crisis boosted sentiment, but higher oil prices hurt Asian stocks.
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 more fallout from the euro-zone's sovereign-debt crisis.
According to reports Iran possesses missiles with a range of about 1,250 miles (which would easily place Israel within the target area).
A rally on Wall Street will be put to the test next week, with the S&P 500 index at its highest closing level since before the collapse of Lehman Brothers Holdings Inc. in 2008 and the European Central Bank about to flood the financial markets with a new wave of cheap money.
A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process.
World economic powers at a Group of 20 gathering in Mexico City told Europe on Friday it would have to do more to fight its financial crisis before they agree to provide backup in the form of a bigger International Monetary Fund war chest.
