Chaos over Greece's role in the euro zone swept financial markets on Thursday with early losses in stocks and the euro turning to gains on hopes Athens might ditch its referendum plans.
The euro zone is working on a possible exit of Greece from the euro zone, Eurogroup head Jean-Claude Juncker said on Thursday, saying it was essential that other members of the currency union would not be damaged in such an event.
The euro zone is working on a possible exit of Greece from the euro zone, Eurogroup head Jean-Claude Juncker said on Thursday, saying it was essential that other members of the currency union would not be damaged in such an event.
Daylight saving time (DST) for most people in the United States and Canada ends on Sunday at 2 a.m. Remember to turn all clocks back to 1 a.m. local time.
Asian shares, the euro, commodities and the Australian dollar all fell on Thursday as fears that Europe's debt crisis could unleash financial chaos prompted investors to shed riskier assets in favor of the relative safety of the dollar.
The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to stay in the euro zone.
Silicon wafer maker MEMC Electronic Materials Inc on Wednesday reported a quarterly net loss and lowered its earnings outlook for the year due to a dramatic drop in prices on solar products and soft semiconductor demand.
The leaders of the world's major economies will meet in Cannes, France starting Thursday to discuss matters critical to commerce, international trade, and the global economy. That means the discussion will be dominated by Greece.
Cannes, the beach resort in the south of France, is the ideal locale for the G-20 economic summit.
Germany and France pressed Greece on Wednesday to make up its mind fast whether it wants to stay in the euro zone after a shock decision to call a referendum on an EU/IMF bailout caused panic on global markets.
He added that Europeans who donate money to PKK share in the responsibility for the killings of innocent civilians.
This year's American Film Market kicks off in Santa Monica Wednesday with 10 percent more buyers than last year and 415 films up for grabs.
Even more galling for Papandreou, six other members of his own Pasok party have called for his resignation.
This means that an eight billion euro ($11 billion) payment will be in limbo until after the referendum vote – which isn't even scheduled to be held until December.
Although the U.S. ranks fourth in overall human development, when the scale is adjusted to account for income, health and education inequality, it falls to 23.
Corporations are booking huge third-quarter profits and sitting on gargantuan piles of cash -- and nothing could be less important.
Germany and France told Greece on Wednesday it should make up its mind by mid-December whether it wants to stay in the euro zone when Greeks vote on a 130-billion-euro ($178 billion) bailout.
If Greek voters reject the bailout via referendum, the country would likely plunge into bankruptcy.
U.S. private employers added more jobs than expected last month, while planned layoffs dropped sharply, underscoring the view the economy is on a path of slow growth.
Underscoring the magnitude of the crisis, a virtual who’s-who of European political and financial elite will also join the emergency summit,
Germany's manufacturing sector contracted in October for the first time in more than two years as new orders fell for a fourth month in a row, data showed on Wednesday in the latest sign Europe's bulwark economy is set for a sharp slowdown.
European stocks turned negative after early gains Wednesday, adding to a sharp two-session drop as investors dumped banking shares on fresh concerns about the euro zone debt crisis.