When Charles Berry started his career as a bonds trader in 1993, he used to draw point and figure charts on pieces of paper. He checked his old charts recently to remind himself how calm markets were in those days. Back then, it took three months for a price to move 200 ticks -- the measure traders use to show changes in futures or currency markets. Now the market moves 400 ticks in a week.
World stocks sank for an eighth straight session of losses on Friday, with investors racked by worries about the slowing global economy and the dangerous spread of euro zone debt anguish into Italy and Spain.
The European Central Bank resumed buying government bonds from the market and offered a new round of funding to commercial banks on Thursday in response to a worsening euro zone debt crisis.
The European Central Bank signaled on Thursday that it was buying government bonds in response to a deepening debt crisis as it also offered a new round of liquidity to banks.
Euro zone sovereign bond markets steadied on Thursday ahead of a crucial European Central Bank policy-setting meeting that investors hope will signal a more aggressive approach to fighting the currency area's debt crisis.
With signs emerging that the financial foundations of two of Euro Zone's founding members -- Italy and Spain -- are shaken badly by the worsening debt crisis, the continued existence of the euro area grouping has become doubtful, according to a major think tank.
Russian Prime Minister Vladimir Putin did not mince words describing the United States' conduct during the debt deal crisis. Putin did, however, recognize that the United States, in the end, had the common sense to do the right end.
Asia's best hope for insulation against a worsening economic outlook in the United States and Europe rests on China, and it may not be willing or able to do the job.
Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade.
Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade.
Averting a U.S. debt default solves only the immediate fiscal problem for the West and its big creditors in Asia.
EU and IMF officials launched their first review of Portugal's international bailout on Monday, with the focus on how the government plans to correct a budget slippage and meet its promised fiscal targets this year.
Positive news from Ireland is prompting a growing number of investors to look at the troubled euro zone economy, said billionaire Wilbur Ross, who this week invested 300 million euros in its largest lender.
Libya's rebel military commander was shot dead in an incident that remained shrouded in mystery, dealing a blow to Western-backed forces labouring in a campaign to topple Muammar Gaddafi.
Prime Minister Jose Luis Rodriguez Zapatero will push elections up by four months.
Ireland's insistence that it is different from Greece and the rest of the euro zone periphery appears finally to be striking a chord among investors.
Indiana state lawmakers, who are analyzing the implications of amending its drug laws to decriminalize marijuana, were told by a panel of experts that the prohibition of marijuana in U.S. is a failed model and Indiana stands a chance to benefit from decriminalizing marijuana.
Madeleine McCann, the British girl who has been missing for four years, was reportedly spotted in the northern Indian town of Leh. However, details of the spotting are unclear and the McCann family is not optimistic.
Only a very small portion of these people are receiving anti-viral drugs to treat their condition.
Public health officials say roughly 130 million injection drug users worldwide suffer from hepatitis C, according to a study published online by World Health Organization said on Tuesday in The Lancet, which coincides with 'World Hepatitis Day.'
Moody's Corp , owner of one of the three major debt-rating agencies, reported a 56 percent rise in second-quarter profit, but cautioned that the second half of the year would be more difficult.
The Greek sovereign debt crisis has been resolved, and NFL owners and players have inked a new contract. Is a debt deal between Democrats and Republicans up ahead? As the saying goes -- "things occur in threes."
