China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country's number four-ranked leader arrived for a visit of the continent, including Greece.
The China hard-landing debate is a classic tail risk story -- an unlikely scenario, but if it materializes the consequences could be catastrophic.
France and Germany are close to a deal to leverage the euro zone bailout fund through first loss insurance for the primary bond market and a special purpose vehicle with an EFSF subordinated loan for the secondary market, euro zone officials said.
Hundreds have died and thousands remain trapped after a 7.2 magnitude earthquake in Turkey, and survivors are calling on the Turkish government to provide aid, including food, shelter and medical supplies, as aftershocks continue to rock Ercis, Van and Celebibag. Turkey is frequently hit by earthquakes, but many feel the call for better building regulations and search and rescue strategies has gone unanswered.
Bankers have offered to stretch the voluntary haircut on Greek debt to 40 percent, while politicians demand the private sector agree to writedowns of at least 50 percent, senior German banking source said on Sunday.
European Union leaders piled pressure on Italy on Sunday to speed up economic reforms to avoid a Greece-style meltdown as they began a crucial two-leg summit called to rescue the euro zone from a deepening sovereign debt crisis.
European Union leaders hold talks on Sunday to try to hammer out a comprehensive plan for tackling the euro zone debt crisis, but a breakthrough is not expected until another summit on Wednesday.
The European Union is ready to adopt decisive measures to tackle its sovereign debt crisis, French Prime Minister Francois Fillon said Sunday.
The European Union is ready to adopt decisive measures to tackle its sovereign debt crisis, French Prime Minister Francois Fillon said Sunday.
Call of Duty: Modern Warfare 3 is set for a Nov. 8 release.
EU finance ministers outlined a deal on Saturday for recapitalizing European banks, and the leaders of Germany and France said they hoped for a breakthrough in tackling the Eurozone debt crisis at a summit on Wednesday.
Spain has done enough to meet its deficit-cutting goals despite the autonomous regions falling behind on their targets, a source in the president's office said Saturday, countering concerns the country could fall short of its forecasts.
Spain has done enough to meet its deficit-cutting goals despite the autonomous regions falling behind on their targets, a source in the president's office said on Saturday, countering concerns the country could fall short of its forecasts.
Dutch opposition parties took aim at Prime Minister Mark Rutte on Saturday, demanding the minority coalition government secure a definitive and sustainable solution to Europe's debt crisis or risk a loss of parliamentary support.
The Netherlands would support the International Monetary Fund taking on a greater financial role in the euro zone bailout, the Dutch prime minister said Saturday but refused to be drawn on other options being discussed in Brussels.
To paraphrase singer Britney Spears, Oops, she did it again. In this case, she is conservative commentator/columnist Ann Coulter, who says the Occupy Wall Street protest movement is a mob and similar to mob uprisings.
German Chancellor Angela Merkel said she expected a breakthrough in efforts to come up with a comprehensive response to the euro zone debt crisis on Wednesday, after EU finance ministers made progress in talks on recapitalizing banks.
A festering dispute in Angela Merkel's center-right coalition worsened on Saturday when the chancellor publicly rejected a claim by one of her junior coalition partners that a tax cut proposal had been scrapped.
Lindsey Vonn became the fifth female skier to win in all five Alpine disciplines when she claimed her maiden giant slalom victory in the opening race of the World Cup season on Saturday.
Banks cannot rely on taxpayers' money to recapitalise themselves, Sweden's Finance Minister said on Saturday ahead of a meeting of EU finance ministers that was due to discuss steps to strengthen the European banking system.
Banks cannot rely on taxpayers' money to recapitalize themselves, Sweden's Finance Minister said Saturday ahead of a meeting of EU finance ministers that was due to discuss steps to strengthen the European banking system.
New films from international auteurs Bela Tarr, Nuri Bilge Ceylan, Hong Sang-Soo, Chantal Akerman, Jean-Marc Vallee and Dogtooth director Yorgos Lanthimos will come to Los Angeles for the upcoming AFI Fest 2011, festival organizers announced on Friday.
