The proposed common sovereign bond for eurozone, if ever it materializes, will fall short of solving the region’s fiscal crisis, analysts have said.
German industrial production topped economists' expectations during October, a report by Destatis said, indicating the German economic recovery continues, contrary to fears of a slowdown.
The electric propulsion system of Nissan's all-electric car Leaf has been named among the 10 best engines for 2011 by Ward's AutoWorld magazine.
The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the euro zone's troubles but America's fiscal health is worse than Europe's, an adviser to the Chinese central bank said on Wednesday.
On an interview today with CNBC, famed investor and hedge fund manager Jim Rogers said some European countries should be allowed to go bankrupt so that they can restructure their debt without hurting other parties.
The euro currency might not survive the current sovereign debt crisis and may be in danger of collapse, according to Stephen Nickell, an economist at the independent Office of Budget Responsibility (OBR) member and former Bank of England member.
Following are comments by EU finance ministers and other officials after talks in Brussels on Tuesday.
Tension on European bond markets was undiminished on Tuesday after German and fellow euro zone states resisted IMF calls to do more to quell the currency bloc's debt crisis.
European Union finance ministers meet on Tuesday to discuss the EU economy with markets expected to react nervously to Monday's decision by euro zone ministers to take no new steps to quell the debt crisis.
The U.S. economy is headed for a new recession, said John Taylor, chairman and chief investment officer of FX Concepts, and that will likely benefit the dollar and weigh on commodity prices.
The International Monetary Fund (IMF) is urging the European Union (EU) to expand the size of its rescue fund in the wake of weakening market performance in the euro zone’s peripheral members.
Despite a dovish Bernanke, EUR/USD's attempt to break above the upper limit of a downward channel from early November highs on the back of a weak non-farm payrolls data proved unsuccessful as debt-related worries of euro-zone continued to weigh on the single currency.
The crisis-hit peripheral countries have more of a 'solvency problem' than a liquidity problem and their public finances cannot be brought to order without leading to a deep and prolonged recession, as long as they are part of the eurozone, analysts have said.
The euro zone should have a bigger rescue fund for member states in trouble, and the European Central Bank should boost its bond buying to prevent the sovereign debt crisis from derailing economic recovery, an IMF report obtained by Reuters said.
A weaker-than-expected US jobs data on Friday forced investors to sell dollars and seek shelter in precious metals, helping silver and palladium post two-digit weekly rise and reach fresh multi-year highs in the week to December 3. An IB times study on gold and dollar index suggests investor interest to sell dollar for buying gold probably increased in the week.
Gold rose almost 2 percent on Friday, ending the week on $1,414 an ounce just a few dollars below the all-time record, as the dollar tumbled after disappointing jobs data cast doubt on the strength of the U.S. economic recovery.
The European Union's permanent rescue fund should be larger than the money available currently and the increase could be made before 2013, Belgian Finance Minister Didier Reynders said on Saturday.
Germany on Saturday categorically denied a British newspaper report that Chancellor Angela Merkel warned Berlin might leave the euro during a heated exchange at a summit of European Union leaders at the end of October.
Football fans needs not worry about securing visas ahead of the 2018 World Cup in Russia as Moscow is planning to scrap the requirement all together for match ticket-holders as well as footballers from the European Union.
The Irish bailout package, so far, has not achieved its two main goals. It failed to restore private investors' appetite for Irish government bonds and stop the debt crisis from spreading to other countries. What went wrong?
Spot Gold jumped over $1400 per ounce in wholesale dealing on Friday in London, holding onto an earlier drop vs. the Euro as the single currency rose sharply on news of weaker than expected US jobs growth in November.
Nissan Motor Co.'s zero emission vehicle and the 100 percent electric car Nissan Leaf was awarded the title of European Car of the Year for 2011. Leaf, thus, becomes the first all-electric car to take the prestigious title.
