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.
Stocks finished almost flat on Monday as investors took a break from a recent rally, awaiting earnings from bellwethers such as Apple later in the week.
Stocks ended little changed on Monday as investors took a pause from a recent rally, awaiting earnings from bellwethers such as Apple later in the week.
Germany and France pressed Monday for a rapid deal between Greece and its private creditors that cuts its soaring debt to sustainable levels and said they were committed to a sealing a new bailout for Athens by March to avert a disastrous default.
Rescuers recovered two more bodies from the Costa Concordia on Monday, nine days after the cruise ship sank near Giglio Island, Italy. Meanwhile, a salvage company is ready to pump out the ship's fuel.
Gold rose 1 percent on Monday to a six-week high, boosted by technical buying and as the euro rallied ahead of the outcome of a euro zone meeting on Greek debt restructuring.
Stocks fell on Monday, taking a pause from a recent rally, as developments in the euro zone including the terms of a likely Greek default remained a concern.
European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch.
The report cited a wider acceptance in mainstream society of day-to-day anti-Jewish tirades and actions.
Stocks were little changed on Monday as recent earnings reports and development in the Eurozone provided little incentive to disrupt the recent tone for equities on the heels of the best weekly performance by the S&P 500 in a month.
Stocks were little changed in early trading on Monday after equities posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.
This is not the first time Megaupload's founder Kim Dotcom had his brush with the law. In 2002, he was convicted in what was then the largest insider-trading case in German history and a Munich court sentenced him to 20 months probation and a 100,000 euro fine. Can he win the legal battle this time?
A result of flagging sales and optimism, Research in Motion (RIM) decided to replace its two co-CEOs with Thorsten Heins, RIM's former COO of product engineering. But who is the new leader of BlackBerry?
Stocks were little changed in early trading on Monday after equities posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.
As the Megaupload founder defends himself against charges of money laundering and bribery, many are wondering if the nebulous charges against him are linked the recent defeat of the Stop Online Piracy Act (SOPA), a conclusion which government insiders confirm. Though the FBI claims Megaupload is an online menace and its founder a career criminal, Dotcom's defenders see his arrest as a form of increasingly desperate government censorship.
When your health insurance provider denies an experimental treatment or a high-cost drug, how much are you willing to pay for the care you believe you need?
The European Union approved an oil embargo against Iran in hopes that new economic pressures will convince the country to abandon its nuclear program.
European shares were flat on Monday morning ahead of a meeting of euro zone financeministers to discuss terms of a Greek debt restructuring deal, with banks rallying on a report about easier capital rules.
Germany's ThyssenKrupp and Finland's Outokumpu are in early talks over a stainless steel tie-up, moving towards the long-awaited consolidation of a sector that has struggled to battle overcapacity and cheap Chinese imports.
Germany's ThyssenKrupp and Finland's Outokumpu are in early talks over a stainless steel tie-up, moving towards the long-awaited consolidation of a sector that has struggled to battle overcapacity and cheap Chinese imports.
Michel Barnier, European Commissioner in charge of financial regulation, said on Monday that he would stick strictly to a timetable already agreed for implementing stricter Basel III bank capital requirements.
Eurozone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not improve their offer.