Fighting sanctions with sanctions in a test of strength with the West over its nuclear ambitions, Iran warned on Friday it may halt oil exports to Europe next week in a move calculated to hurt ailing European economies.
Europeans are making progress in overcoming the Eurozone crisis, but they need to do more to bolster their financial firewall, International Monetary Fund Managing Director Christine Lagarde said on Saturday, adding that the IMF is ready to help.
Japan and South Korea are Iran's third and fifth biggest oil customers, but the United States, looking for international support for new sanctions pressuring Iran's oil sector, would like that to change.
The European Union is deliberating on a €150 million ($197 million) aid package for Myanmar, according to the latest report.
Greece and its private creditors made progress Thursday in talks on restructuring its debt, both sides said, and they will continue negotiating on Friday with the aim of sealing an agreement within a few days.
The European Central Bank remains no closer to agreeing on whether or not it will take losses on the Greek bonds it owns, Eurozone central bank sources said on Thursday.
Ahmadinejad is the highest Iranian government official thus far to offer to re-start the talks.
Greece's tortuous negotiations over a debt swap with private creditors entered a new phase on Thursday with focus on how much the European Central Bank and other public creditors may need to contribute.
Throughout all of Europe we have seen the rise in the polls of extreme right political parties.
Greece resumes tortuous negotiations on a debt swap with private creditors in Athens on Thursday, with all eyes on the European Central Bank after IMF chief Christine Lagarde said public sector holders of Greek debt may need to take a haircut too.
China Thursday criticized the European Union for banning oil imports from Iran, Beijing's third biggest crude supplier and a major trading partner.
David Cameron says Doha world trade talks dead and urges 'coalition of the willing' with bilateral deals between countries.
The euro and European shares weakened on Wednesday as fears about the prospect of a Greek debt default overwhelmed positive news on the outlook for Germany, the region's largest economy.
IMF Managing Director Christine Lagarde said on Wednesday that combining the European Union's temporary EFSF rescue fund with its permanent ESM mechanism would help restore confidence in the flagging region and provide a solid firewall to the Greek crisis.
Even as Greece works towards an agreement with private sector investors to meet their debts, the S&P warned that Greece is likely to enter into default.
Is ACTA an even bigger threat to Internet freedom than SOPA was?
Tensions in the already heated Strait of Hormuz in the Persian Gulf rose again on Tuesday when Britain said it was considering sending more military assets to the area.
EU finance ministers and officials met on Tuesday to discuss a new treaty which aims to tighten fiscal discipline in the euro zone.
Euro zone finance ministers and officials met in Brussels to discuss terms of a Greek debt restructuring as part of a second bailout package for Athens and rejected an offer made by private bondholders to help restructure those debts, officials said, sending negotiators back to the drawing board.
Euro zone finance ministers and officials met in Brussels to discuss terms of a Greek debt restructuring as part of a second bailout package for Athens and rejected an offer made by private bondholders to help restructure those debts, officials said, sending negotiators back to the drawing board.
Eurozone finance ministers have rejected an offer by private bondholders to help restructure Greece's debts, officials said Monday, sending negotiators back to the drawing board and raising the threat of default.
Turkey's ambassador to France Tahsin Burcuoglu told reporters he was saddened by the vote.
