European policymakers, stung by criticism for failing to stem the euro zone debt crisis, face the tough task of quickly stopping fallout from Greece's near-bankruptcy from spreading into the world economy.
The International Monetary Fund said on Saturday it would decide by April whether its resources are sufficient to prevent a global credit crunch if Europe's debt crisis spreads to the rest of the world.
For this article we will take a look back at some of the biggest moments of temper tantrums from the players in the game of soccer.
Europe's banking regulator said there were no plans to force more than a dozen weaker mid-tier banks to raise capital more quickly, saying an original timetable remained in place.
Europe's banking regulator said there were no plans to force more than a dozen weaker mid-tier banks to raise capital quickly, saying an original time table remained in place despite pressure building for action.
Attacking the U.S., September 11, NATO and a number of other topics, Iran's President Ahmadinejad gave a long, controversial address to the United Nations. Full text reprinted here.
Greece adopted yet more austerity measures on Wednesday to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe's sovereign debt crisis risks tearing a giant hole in banks' capital.
Europe's debt crisis has increased the risk exposure of banks in the region by 300 billion euros ($410 billion) and they need to recapitalize to ensure they can weather potential losses, the International Monetary Fund said on Wednesday.
The Greek cabinet was expected to outline major public sector layoffs, more spending cuts and tax increases on Wednesday to secure a bailout installment crucial to avoid running out of money next month.
The “only” option left for the euro zone is to break up the euro currency, Michael Pettis, chief strategist at Guosen Securities HK, told Bloomberg TV.
Although the Rome government recently approved a 54 billion euro ($74 billion) austerity budget, S&P complained it was insufficient to meet the country’s fiscal problems.
Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone and raised pressure on policymakers to take more decisive action to resolve the crisis.
Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone and raised pressure on policymakers to take more decisive action to resolve the crisis.
Standard & Poor's cut its unsolicited ratings on Italy by one notch on Tuesday, a surprise move that sharply increases strains on the debt-stressed euro zone and piles pressure on policymakers to take more decisive action to resolve the crisis.
Brazil will propose that it and other large emerging market countries make billions of dollars in new funds available to the International Monetary Fund as a way to help ease the crisis in the euro zone, an official said on Monday.
The European Union will call on China this week to boost domestic demand and on the United States and Japan to tackle their public deficits as part of global efforts to rebalance growth, an EU document showed.
Largely unnoticed by markets riveted by the drama of the day, more and more countries are successfully implementing complex, politically treacherous reforms needed to raise their long-term economic growth rates.
Gold fell Monday in midday trading as investors decided to diversify their safe-haven opportunities by increasing their holdings of U.S. Treasuries, the dollar and the Japanese yen, said George Cocalis, senior market strategist for PFGBEST.
Gold prices held steady Monday, as concerns about Europe's sovereign debt crisis, its weak financial sector and divisions among leaders about how to solve the crises drove investors into safe-haven securities like the U.S. dollar.
Brown explained that the financial woes in Europe are, at their essence, a crisis in banking, not debt.
Moody's Investors Service on Friday said it would finish reviewing Italy's Aa2 sovereign currency credit rating for possible downgrade within the next month, adding Italy faces a challenging economic and financial environment.
Swiss drugmaker Roche has halted deliveries of drugs to some state-owned Greek hospitals, the Wall Street Journal reported the company's chief executive as saying.
