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European Stocks Gain Ahead of ECB's LTRO

European stock markets gained in early trade Wednesday ahead of second 3-year long-term refinancing operation (LTRO) by the European Central Bank.

Investors See Huge Euro Injection Tomorrow; Banks, Not So Much

The map of Europe is featured on the face of a one Euro coin seen in this photo illustration taken in Paris

Market participants are seemingly expecting European banks to take up a massive amount of euro over the next 24 hours, as the European Central Bank offers them a second helping of ultra-low cost loans. The banks themselves, not so much.

Dow Closes above 13,000 for First Time Since May 2008: Daily Markets Wrap

Traders work on the floor of the New York Stock Exchange

Markets closed higher Tuesday through a choppy session, as indicators gave conflicting signals on the U.S. economy, while Ireland announced it would hold a referendum on Europe's new fiscal treaty. All eyes are now turned to European Central Bank's second liquidity injection set to take place Wednesday.

ECB puts Greek banks on emergency aid after downgrade

Greece's central bank is likely to step in to smooth funding for the country's banks after an earlier-than-expected downgrade of the nation's credit rating prevented them from borrowing against Greek government bonds.

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ECB temporarily suspends Greek bonds as collateral

The European Central Bank said on Tuesday it was temporarily suspending the eligibility of Greek bonds for use as collateral in its funding operations and that national central banks would have to provide banks with liquidity using an emergency measure.

S&P Lowers Greece Ratings to Selective Default: What Does it Imply?

Standard & Poor's has announced that its rating on Greek sovereign debt has been downgraded to selective default, subsequent to agreement by banks to write off more than half of their Greece debt holdings.

The Euro sculpture is pictured in front of the ECB headquarters in Frankfurt

European Central Bank Ready To Flood Market With Cheap Euros

The European Central Bank is ready to engage in a new round of aggressive liquidity provision this week, flooding European banks with hundreds of millions of euro worth of cheap financing meant to prop up the tattered European banking and sovereign credit funding systems.

ECB wall of cash averts credit crunch

The euro zone avoided a credit crunch in January but banks showed scant sign of lending on the funds they snapped up at the European Central Bank's first 3-year lending operation to companies which have been starved of investment funds.

A Greek and an EU flag fly over the Greek ministry of finance in Athens

Greece Sets Bank Recap via Common Shares with Restrictions

Greece plans to recapitalize its struggling banks after a bond swap largely through common shares with restricted voting rights and convertible bonds, according to a draft law submitted to parliament over the weekend.

Steam is emitted from an oil refinery in Yokohama, south of Tokyo January 26, 2011.

Bank of Japan Keeping an Eye on Easing's Effect on Crude-Oil Prices

Bank of Japan Gov. Masaaki Shirakawa said on Saturday policy makers are closely watching the impact of looser monetary policy on crude-oil prices. Along with the European Central Bank and the U.S. Federal Reserve, the Bank of Japan is taking unconventional steps to boost the economy.

U.S. Treasury Secretary Timothy Geithner (C) arrives at a meeting of Group of 20 finance ministers and central bankers in Mexico City February 25, 2012.

G-20 Inches Toward $2 Trillion in Rescue Funds for Euro Zone

Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent more fallout from the euro-zone's sovereign-debt crisis.

Traders work on the floor of the New York Stock Exchange February 24, 2012.

Wall Street Rally Will be Put to the Test Next Week

A rally on Wall Street will be put to the test next week, with the S&P 500 index at its highest closing level since before the collapse of Lehman Brothers Holdings Inc. in 2008 and the European Central Bank about to flood the financial markets with a new wave of cheap money.

A European Union flag is seen in front of the Parthenon temple in Athens

Euro Zone Decision on Bailout Funds' Size Likely to be Delayed

Leaders in the euro zone may not be able to meet international demands to bolster their own funds for bailing out the bloc's debtors when they meet next week because Germany is showing no sign of dropping its opposition to the plan, officials in the euro zone said.

Secretary-General of the Organization for Economic Cooperation and Development (OECD) Angel Gurria (L) speaks next to Mexican Finance Minister Jose Antonio Meade, on the sidelines of the meeting of finance ministers and central bank governors of the group

G-20 Deal on Euro Zone Will Not be Reached This Weekend

World economic powers at a Group of 20 gathering in Mexico City told Europe on Friday it would have to do more to fight its financial crisis before they agree to provide backup in the form of a bigger International Monetary Fund war chest.

ECB Pressures Euro States by Avoiding Greek Bond Losses: S&P

The European Central Bank's decision to exempt itself from taking losses on its Greek bonds may push up borrowing costs of other debt-strained euro zone countries, Standard & Poor's said on Friday.

ECB Greek bond swap could pile pressure on euro zone: S&P

The European Central Bank's decision to exempt itself from taking losses on its Greek bonds gives its senior status in the bond market and may push up borrowing costs of other debt-strained euro zone countries, Standard & Poor's said on Friday.

Stocks, Bonds, Commodities Rise: Daily Markets Wrap

No matter which direction investors faced Friday, whether it was the recent past or the immediate future, all the signals were positive. Investors responded by boosting prices for stocks, bonds and commodities.

Greece Launches Long-Sought Debt Swap

Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring in the hope of getting its messy finances back on track.

IMF head Christine Lagarde gestures during a news conference at the G20 meeting at the ministry in Paris

G-20 Finance Ministers to Address Europe Debt Crisis, IMF Funding

Finance ministers and central bank chiefs from the Group of 20 countries will meet this weekend in Mexico City to tackle the euro zone's debt crisis and the prospect of replenishing the International Monetary Fund.

G-20 Meet: Europe to Face Pressure from U.S., China and Japan for Crisis Management

In the G-20 meeting to be held in Mexico City from Feb. 25, the U.S., China and Japan will ask Europe to take additional steps to solve the economic crisis before it could receive external help.

Greece's PM Papademos makes statements after a meeting with President Papoulias in Athens

Greeks Approve Bond Swap Needed for Bailout

Greece took its first step toward reaping urgently needed funds agreed in a 130-billion-euro rescue package Thursday as its parliament endorsed a bond swap for private holders of its debt.

A man displays a poster depicting German Chancellor Merkel in a Nazi uniform in Athens

Greeks Turning Their Rage Against Germany

Only 8.6% of Greeks hold a favorable view of Germans.

Riot policemen protect building of Bank of Greece during an anti-austerity protest in central Athens

Austerity Push in Greece Leaves Citizens Hungry for Alternatives

With citizens of debt-burdened European countries growing more disillusioned over spending cuts and other austerity measures, it may not be long before hard-line parties opposed to such policies begin to siphon support.

ECB's Draghi says euro zone recovering slowly

The euro zone economy is on the mend after a very weak end to 2011 and there have been more positive signs over the last two weeks, European Central Bank President Mario Draghi was quoted on Thursday as saying.

ECB'S Draghi: Euro zone recovering very slowly: report

The euro zone is recovering very slowly and although financial markets are more stable than a few months ago it is hard to say whether the bloc's debt crisis is over, ECB President Mario Draghi said on Thursday.