In a direct statement overnight the European Commission has said it would consider directly recapitalizing troubled European banks via the European Stability Mechanism
The European Union recommended Wednesday that the 17 countries of the euro common currency union create and fund a banking union for bailing out insolvent banks, preventing the fiscal and political stresses such moves have on individual national governments. The union would be funded by the European Stability Mechanism, one of the EU's standing bailout funds.
Several parts of Homs were shelled Wednesday morning while Damascus witnessed overnight explosions, close on the heels of UN and Arab League envoy Kofi Annan's warning that the recent violence had left Syria at a tipping point.
Futures on major U.S. indices point to a lower opening Wednesday ahead of anticipated reports on the Mortgage Applications Index and Pending Home Sales.
Google Wednesday observed the 166th birth anniversary of Peter Carl Fabergé, the Russian jeweler best known for creating famous Fabergé eggs, through a doodle that was made of precious metals and gemstones.
Israeli Prime Minister Benjamin Netanyahu condemned the P5+1 group on Tuesday for being too lenient on Iran.
The highly anticipated Samsung Galaxy S3 is finally out in Europe, but with pre-orders topping over 9 million, customers are facing distribution delays.
All the latest news involving Arsenal's summer transfer targets.
Turkey?s Prime Minister Recep Tayyip Erdogan, a former ally of Assad, also expressed his outrage over the killings.
European stocks recovered from early losses Tuesday as traders anticipate the U.S. data to show improving consumer confidence and a stabilizing housing market. Meanwhile, Asian equities rallied for a second straight day on hopes that China may introduce further stimulus policy. U.S. index futures rose.
Samsung Galaxy S3, the South Korean tech giant's flagship smartphone hit stores on Tuesday in 28 European and Middle East countries, including Germany and Britain. The company also claimed that the device would be offered by as many as 296 carriers in 145 countries by July.
Futures on major U.S. indices point to a higher opening Tuesday ahead of the report on consumer confidence for May.
German Chancellor Angela Merkel, having so far successfully fought off the idea of euro bonds, is besieged on all sides as leaders line up behind French President Francois Hollande and his appeals for the collective financial instrument.
Each conflict that our leaders have seen fit to send the cream of American youth to fight has had unique challenges and obstacles to overcome.
The Eurovision 2012 results this weekend placed Sweden on top with 372 points, Russia second with 259 and Serbia third with 214. Host country Azerbaijan was fourth with 150 points. Norway finished last with just 7 points.
Iran announced it will continue enriching high grade uranium while adding a nuclear power plant in 2014 and rebuffed calls to allow U.N. inspectors to visit the suspected home of the country's nuclear weapons research.
Iran will not compromise on the West's demand to stop enriching Uranium to 20 percent, said Fereydoon Abbasi Davani head of Iran's Atomic Energy Organization.
Where to watch live coverage of day one of the French Open, plus a look at the matches to watch out for.
Greece's conservatives have regained an opinion-poll lead that could foreshadow the formation of a pro-bailout government committed to keeping the country in the euro zone, a batch of new surveys showed on Saturday.
The contemplated union of Saudi Arabia and Bahrain forms only one part of a potentially much wider alliance -- the political, military and economic integration of the Gulf Cooperation Council (GCC), which comprise Saudi Arabia, Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE) and Oman.
You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, with the Dow Jones Industrial Average?s (DJIA) recent slide from 13,300 to 12,450 unnerving even the most experienced institutional investors. Where?s the market headed in the next six months?
French and German consumer confidence showed unexpected strength, reports showed Friday. While the market is cheering about the good news, some economists view this as a warning sign of a euro zone crisis fatigue - something that is as dangerous, if not more so than the crisis itself.
