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Merkel Says Debt Crisis Will Take Years to Solve

German Chancellor Angela Merkel called on Friday for rapid EU treaty change to remedy the root causes of the euro zone's debt crisis but warned that Europeans faced a long, hard marathon to restore lost credibility.

Asian Stocks Post Weekly Gains on Central Bank Fix

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Asian stocks are set for their first weekly rise in a month buoyed by coordinated central bank actions, while the euro held on to hefty gains before European policymakers make a fresh stab to tackle its crisis at a summit next week.
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Sarkozy says governments must keep control of EU

President Nicolas Sarkozy, under pressure from a spiraling euro zone debt crisis five months before a presidential election, told France on Thursday the euro bloc needs closer and stricter coordination of national budgets to survive.
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The sign of Deutsche Telekom headquarters is pictured in Bonn

AT&T, Deutsche Telekom battling for merger: sources

AT&T Inc and T-Mobile USA's parent company Deutsche Telekom AG are still battling to save their $39 billion merger and are not in talks about a network-sharing alternative, people familiar with the matter said on Thursday.
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EU faces compliance deadline in Airbus spat with U.S.

A dispute over government aid for aircraft rivals Airbus and Boeing Co enters a delicate stage on Thursday as Europe faces a deadline to tell the United States how it is eliminating billions of dollars in subsidies struck down by the World Trade Organization.
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Stock futures signal lower open

Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.2 percent at 4:37 a.m. ET.
Ariab Gold Mine in Sudan

Gold Prices Rise Four Days in a Row, Hit Two-Week High

Gold prices climbed to a nearly two-week high Thursday, along with other risky assets, after the world's richest central banks jointly pledged to make it easier for the Eurozone's acutely stressed banks to obtain funding.
European Central Bank President Draghi arrives at a Eurogroup meeting at the European Union council headquarters in Brussels

ECB Signals Readiness to Act to Save Euro

The new head of the European Central Bank signaled Thursday it was ready to take stronger action to fight Europe's debt crisis if political leaders agree next week on much tighter budget controls in the 17-nation euro zone.
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U.S. Stock Futures Signal Lower Open

Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.2 percent at 4:37 a.m. ET.
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Asia's factories stall; China urges stimulus

The world economy faces a worse situation than in 2008 and stimulating growth is the top priority, a Chinese official said on Thursday, as data showed slumping export demand stalled manufacturing in some of Asia's biggest economies.
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EU faces deadline Thursday in Airbus spat with U.S.

A dispute over government aid for aircraft rivals Airbus and Boeing enters a delicate stage on Thursday as Europe faces a deadline to tell the United States how it is eliminating billions of dollars in subsidies struck down by the World Trade Organization.

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