Timothy geithner

ECB Douses Rescue Hopes as EU Seeks Crisis Deal

The European Central Bank spooked financial markets on Thursday by dousing hopes of dramatic crisis-fighting action in the euro area hours before European leaders gathered for what the French president billed as a last chance summit.

France, Germany to Push Crisis Plan

The president of the European Commission appealed to EU leaders on Thursday to set aside their differences and unite to rescue the euro from a sovereign debt crisis that is menacing the world economy.

Futures signal early dip

Stock index futures pointed to a dip at the open on Wall Street on Thursday, with futures for the S&P 500 down 0.16 percent, Dow Jones down 0.17 percent and Nasdaq 100 down 0.06 percent at 5:30 a.m. ET.

Stock futures signal early dip

Stock index futures pointed to a dip at the open on Wall Street on Thursday, with futures for the S&P 500 down 0.16 percent, Dow Jones down 0.17 percent and Nasdaq 100 down 0.06 percent at 5:30 a.m.

Wall St edges up with eyes on EU summit

Hopes the euro zone will figure out a solution to its ongoing debt crisis inspired enough buying to push stocks to a third day of gains on Wednesday in light trading.

British Financiers Getting Socked By UK Politicians, Central Bankers, Regulators

In the past few months, but particularly in the last few days, the British Chancellor of the Exchequer and the Governor of the Bank of England, roughly British equivalents to the American Treasury Secretary and Fed Chairman, have become the bane of the English banking system's existence. Other British government officials have also joined the fray.

Wall Street wavers with eyes on EU summit

Stocks were little changed in choppy, light trading on Wednesday as investors weighed high expectations about an upcoming euro zone summit against headline-driven selling.

Wall Street flat, eyes on euro zone summit

Stocks were little changed in choppy, light trading on Wednesday as investors weighed high expectations about an upcoming euro zone summit against headline-driven selling.

Germany Pours Cold Water on EU Summit Hopes

Pessimistic comments from EU paymaster Germany and new figures exposing deepening stress among Europe's banks dented financial market hopes of a turning point in the Eurozone's debt crisis at a summit this week.

Stock futures flat on caution over EU summit

Stocks index futures were little changed on Wednesday after two days of gains as investors waited to see if European officials can craft a plan to combat the region's debt crisis at a summit this week.

Stock futures rise on EU summit optimism

Stock index futures rose on Wednesday as optimism continued to grow that European Union leaders would craft bold measures to combat the region's debt crisis at a summit this week.

Geithner doesn't see Fed funding IMF euro response

U.S. Treasury Secretary Timothy Geithner said in Germany on Tuesday that the European Central Bank was playing a positive role in the euro zone debt crisis, but he played down talk that the U.S. Federal Reserve could boost IMF funding for the crisis.

Joe Biden: U.S. 'Stands in Solidarity' with Greece

Biden met with Greece President Karolos Papoulias on Monday before beginning talks with new Greek Prime Minister Lucas Papademos. Biden arrived in Greece after traveling from Turkey. This week is seen as crucial for the struggling Eurozone. Italy's new government unveiled austerity measures that European leaders hope will be the start of a turning point in the struggle to keep the euro intact.

Sarkozy, Merkel Kick Off Week of Euro Crisis Talks

French President Nicolas Sarkozy and German Chancellor Angela Merkel meet in Paris on Monday under pressure to align their positions on centralizing control of Eurozone budgets to stem a debt crisis that threatens Europe's currency union.

Asian Stocks Firm on Eurozone Rescue Hopes

Asian shares and the euro steadied on Monday on hopes European leaders would agree on a definitive plan to solve the euro zone's debt crisis at a crucial summit this week, with sentiment also getting a lift from Italy unveiling austerity steps.

U.S. to Name Iran Area of 'Money Laundering Concern'

It was unclear what exact steps the Treasury planned for Iran but it seemed unlikely it would seek to cut off the Iranian financial sector entirely, a move that could disrupt the global energy markets and harm the U.S. economic recovery.

ECB Intervenes to Stop European Bond Rout

The European Central Bank stepped in to stem an accelerating selloff of euro zone government bonds on Wednesday, traders said, after the United States called for more decisive action to halt the spreading sovereign debt crisis.

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