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Portugal's PM Socrates holds during a EU leaders summit in Brussels

Time for Portuguese debt crisis?

On Thursday, yields on the Portuguese 10-year sovereign debt reached an all-time euro-era high of 7.6 percent.

World Equities Fall, ECB Buys Portugal Debt

World stock markets fell hard on Thursday, with Hong Kong shares losing 2% and London's FTSE100 dropping 0.9% by lunchtime. Indian stock markets have lost more than $20 million per minute so far in 2011, the Economic Times reports, with billionaire Anil Ambani blaming vicious and illegal rumors.

Debt rating agencies sending right message... at wrong time

The heightened sense of scrutiny surrounding many heavily-indebted rich nations is sending the right message about fiscal discipline but is coming at the wrong point in the recovery cycle for many countries, and could do more harm than it's worth to the global economy.

Euro debt, higher metals, M&A lift stock futures

Stock index futures rose on Monday on growing hopes Europe will sort out its tangled debt issues and as metals prices advanced on bets of a stronger global economy.

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EU summit to debate stronger euro zone bailout fund

European Union leaders will discuss strengthening the euro zone's 440 billion euro bailout fund at a summit on Friday and try to agree how best to insulate the region from the year-long debt crisis.

A store window decorated with dummies and discount signs is pictured in Strasbourg

Eurozone retail sales fell unexpectedly in Dec.

Eurozone retail sales fell unexpectedly for a second consecutive month in December last year, showing continued weakness in the household demand.

Mideast turmoil leaves experts, markets struggling

The Middle East is headed into the unknown, on that everyone agrees -- but the speed of events in Egypt and elsewhere has left analysts and financial markets struggling to find their bearings.

Euro zone closer to new anti-crisis package

Germany and France have reached a consensus on steps to boost economic coordination within the euro zone as part of a comprehensive anti-crisis package that will also see the scope of Europe's bailout fund bolstered.

Global imbalances returning, could fuel unrest: IMF chief

The world economy has begun improving but is beset by problems such as high unemployment and rising prices which could fuel crippling trade protectionism or even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.

Support grows for lengthening Greek debt payback

Support is gaining ground in the euro zone for giving Greece more time to pay back its EU bailout to avoid default and ease the worst-indebted EU state's debt burden, although details still have to be pinned down.

EU considering overhaul of 440 billion euro rescue fund: report

Senior European leaders are negotiating an overhaul of the euro zone's 440 billion-euro ($599.1 billion) rescue fund in exchange for new austerity measures and closer surveillance on struggling states, a newspaper report said on Monday.

Euro zone crisis seen turning corner

European policymakers and international bankers at the Davos forum said on Saturday the euro zone's debt crisis had turned a corner and any doubt about the survival of the single currency area had passed.

Euro rescue fund could be enlarged: Lagarde

Christine Lagarde, France’s finance minister, suggested that time may be near to increase the size of The European Financial Stability Facility (EFSF), the European Union’s financial bailout fund reserve.

Strong demand for EFSF bond boosts euro confidence

The debut bond from Europe's financial rescue fund attracted robust demand on Tuesday, in the latest sign of confidence the bloc is getting to grips with the debt crisis that has haunted it for over a year.

Portugal wants to cut layoff compensation by a third

The Portuguese government wants to cut the compensation companies must pay to fire workers by a third, as part of its drive to boost the economy's competitiveness, Labour Minister Helena Andre said on Monday.

Consumers downbeat on job, inflation worries: Nielsen

Consumers in most countries globally look set to keep a tight grip on spending in coming months as they worry about job security and rising inflation, a survey by the Nielsen Company showed on Sunday.

Eurozone PMIs reveal solid start to the year

Factories in the euro area witnessed strong price increases in January while the services sector too posted better-than-expected growth, suggesting the eurozone has made a solid start to the year.

India tops global consumer confidence survey - Nielsen

Don't rule out debt buy-back idea: Juncker

European leaders should not shy away from a proposal to buy back the bonds of troubled euro member states but should not rely too much on rich countries, Eurogroup Chief Jean-Claude Juncker said.

EFSF could use different interest rates - Bruederle

The European rescue fund could offer bonds at different interest rates to account for its members' divergent levels of credit worthiness in its attempt to boost lending capacity, Germany's Economy Minister said.

How to fix the European financial system: David Tepper

Europe's financial system is a mess right now compared to the US financial system. However, it doesn't have to be this way, according to hedge fund heavyweight David Tepper.

Asian stocks slide as policy worries intensify

Asian stocks tumbled and commodities paused on Friday after a recent selloff on worries that rising inflation may invite aggressive policy tightening and hurt growth in the world's growth engines like China and India.

Asian shares set for worst losses in five months

Cracks deepened in Asian equities on Thursday, with markets set to post their worst daily performance in more than five months, while the euro took a breather from its recent rally as it neared key resistance levels.

Private investors drive November capital inflow

Foreigners increased purchases of U.S. securities in November, the U.S. Treasury Department said on Tuesday, though it was private investors rather than central banks who did most of the buying.

Eurozone goes slow on fund as Greece denies debt delay

Euro zone finance ministers have decided to take their time over beefing up the currency area's rescue fund as debt-stricken Greece denied a minister's comment that it should stretch out all its debt repayments.

Angola bourse will not open this year: minister

Angola's much-delayed stock market will not open this year as many of the country's companies do not meet the requirements needed to participate on a bourse, the government said.