Below are quotes from leaders of Pacific Rim countries and business executives attending the Asia-Pacific Economic Cooperation summit on Saturday.
Italy's head of state begins talks Sunday to appoint an emergency government to succeed outgoing Prime Minister Silvio Berlusconi and handle a crisis that has brought the Eurozone's third-largest economy to the brink of financial disaster.
It is likely to take the combined forces of the European Central Bank, the IMF and the euro zone bailout fund to break Italy's financial fall, and it's far from clear that Europe's leaders are ready to take on that rescue mission.
Former European Commissioner Mario Monti emerged on Thursday as favorite to replace Silvio Berlusconi and form a new government to stave off a run on Italian bonds that is endangering the entire euro zone.
Asian stocks fell around 3 percent on Thursday after soaring Italian borrowing costs stoked fears that the debt crisis in the euro zone's third biggest economy will overwhelm its financial defenses, raising the risk of a break-up of the currency area.
Asian stocks fell sharply Thursday after soaring Italian borrowing costs stoked fears the debt crisis in the euro zone's third biggest economy will overwhelm its financial defenses, raising the risk of a break-up of the currency area.
Stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.
The Dow Jones Industrial Average (DJIA) registered another difficult day Tuesday, plunging 389 points to 11,781 on institutional investor concern that Italy will not be able to service its debt, and that one, and possibly more countries may leave the Eurozone. What's the prudent stance for the typical investor?
Stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.
U.S. stocks plummeted Wednesday in a global stampede toward investments perceived as capable of withstanding a severe European downturn, or worse.
Professional surfer Garrett McNamara has broken the record for Largest Wave Surfed after successfully riding an enormous 90 foot wave.
Stocks tumbled 3 percent on Wednesday, erasing gains for the week so far, as a spike in Italian bond yields fanned worries about contagion in the European debt crisis.
Stocks tumbled 3 percent on Wednesday, erasing gains for the week so far, as a spike in Italian bond yields fanned worries about contagion in the European debt crisis.
Stocks slid more than 2 percent on Wednesday as a spike in Italian bond yields heightened fears the debt crisis in Europe was spreading.
HSBC gave its starkest warning to date that new regulations might force it to leave Britain and said its U.S. bad debts had jumped as more homeowners stopped payments on their mortgages.
Gold and silver mining company stocks rose Wednesday, defying a global downdraft in equities and underscoring the traditional role precious metals have as a safe haven for investors.
Stocks fell about 2 percent on Wednesday as a spike in Italian bond yields heightened fears the debt crisis in Europe was spreading.
Global markets stampeded Wednesday after the bond market signaled that Europe's third-largest economy can no longer survive without a rescue.
The major European bourses are down anywhere from 2.0 percent to 2.6 percent.
Too bad Greece never had a Tea Party. If it had, it wouldn't be in the mess it's in now. It wouldn't have become the beggar of Europe, eking out a living on the kindness of strangers.
Stocks dropped more than 2 percent in early trading on Wednesday as a spike in Italian bond yields prompted fears the region's debt crisis was spiraling.
One message from financial markets has become quite clear: attempts by the euro zone to ring-fence Greece and stop contagion to other, more significant economies has failed.
