Greece's fiscal problems must be solved within the euro zone rather than with the International Monetary Fund , French Economy Minister Christine Lagarde said in an interview published in a Greek newspaper on Sunday.
Greece's borrowing needs are covered until mid-March and Athens so far is meeting goals set out in an austerity plan, Greek Prime Minister George Papandreou said in an interview with BBC television broadcast on Sunday.
A British pension fund regulator has filed a claim for 2.1 billion pounds ($3.3 billion) against failed telecom equipment giant Nortel Networks Corp, Canada's Globe and Mail newspaper reported on Saturday.
So many variables affect the value of the dollar that it is hard to know where the greenback is headed, Cleveland Federal Reserve Bank President Sandra Pianalto said on Saturday.
Iceland's Prime Minister said on Saturday that a new Icesave debt repayment deal from Britain and the Netherlands would considerably ease the island nation's financial burden, state radio reported.
The countries using the euro currency will together provide aid worth between 20 billion and 25 billion euros ($27.2 billion and $34 billion ) for Greece, according to Germany's Finance Ministry, a magazine reported on Saturday.
Corrects currency in first paragraphThe countries using the euro currency will together provide aid worth between 20 billion and 25 billion euros ($27.2 billion and $34 billion ) for Greece, according to Germany's Finance Ministry, a magazine reported on Saturday.
Greece's financial problems have scared other government into taking action to strengthen their finances, and any talk of a chain reaction affecting other countries should be avoided, Finland said on Saturday.
The head of Dutch ABP, the world's third-largest sovereign pension fund, has resigned over an investigation into a failed savings bank where he once sat on the board, ANP-Reuters said.
Simon Property Group Inc said it could not agree to conditions General Growth Properties Inc wanted to impose before talks about Simon's $10 billion bid for the No. 2 U.S. mall owner.
U.S. securities regulators will consider new short sale restrictions at an open meeting next week, a person familiar with regulators' plans said on Friday.
The Federal Reserve on Friday poured more cold water on speculation that a surprise rise in its emergency lending rate signaled it was moving faster to rein in its easy money policies.
Major U.S. stock indices closed higher on Friday as the market shook off initial fears stemming from the Fed's discount rate hike and saw the positive implications for such move.
U.S. stocks rose on Friday as investors took the Federal Reserve's discount rate increase as evidence the financial system is healing but worried the eventual withdrawal of easy money will hurt Wall Street.
Consumer prices edged higher in January, while prices excluding food and energy fell for the first time in 27 years, supporting the Federal Reserve's contention it would keep its benchmark interest rate low for an extended period.
An online survey of 895 Web users and experts found more than three-quarters believe the Internet will make people smarter in the next 10 years, according to results released on Friday.
Stocks edged higher in choppy trading on Friday as investors took the Federal Reserve's surprise increase in its discount rate as further evidence the financial system is strengthening.
Microsoft Corp's assault on search engine leader Google Inc took a major step forward on Thursday as U.S. and European regulators cleared the software company's search partnership with Yahoo Inc.
Department store operator J.C. Penney Co Inc reported a higher-than-expected quarterly profit and said same-store sales would improve during 2010, sending its shares up nearly 7 percent.
Shares of Dell Inc fell on Friday, as investors showed their frustration with the computer maker's margin performance for the January quarter.
Expect the Fed to keep the Federal Funds Rate at current levels near 0-.25% for the remainder of this year at least. I know this might come as shock to many, and it repeats last year's forecast verbatim. The fed has new tools at its disposal beyond the scope of this article, but suffice it say the current language extended period of time means we are not changing this language for at least 3-6 months; when the Fed changes the language that will mean only that the door is open to the language...
The broad market rallied on Friday as market participants shook off jitters from yesterday's discount rate hike.
Consumer prices edged higher in January, while prices excluding food and energy fell for the first time in 27 years, supporting the Federal Reserve's contention it would keep its benchmark interest rate low for an extended period.
The Commerce Department is expanding a partnership with package delivery giant United Parcel Service to help double U.S. exports in five years, U.S. Commerce Secretary Gary Locke said on Friday.
Stocks rose on Friday as investors took the Federal Reserve's surprise increase in the discount rate as further evidence the economy is strengthening.
The Federal Reserve has continued to target its liquidity withdrawal for the banking system as conditions improve for Wall Street and prominent hedge funds take huge positions in financial institutions.
Google Inc won approval from U.S. energy regulators to act as a power marketer, which will make it easier for the Internet search giant to obtain renewable energy to run its huge data centers.
U.S. stocks advanced on Friday as investors saw the Federal Reserve's surprise increase in the discount rate as a sign of strength in the economy.
An office building that sits atop an upscale shopping mall in downtown Philadelphia is not the sort of place that would ordinarily strike fear into the hearts of bad guys on Wall Street.
A record proportion of U.S. mortgages were in foreclosure or at least one payment past due in the fourth quarter, according to industry data showing the fragile state of the recovery in the housing market.
