Euro zone governments rush to placate bond markets
Euro zone governments rushed to placate feverish bond markets on Monday as the 17-nation currency bloc's debt crisis threatened to accelerate out of control.
Germany's Gold Cannot be Touched - Economy Minister
Germany Economy Minister Philipp Roesler said on Monday the country's gold reserves with the central bank cannot be touched, adding his voice to opposition to an idea reportedly discussed at the G20 summit of using reserves to boost euro zone bailout funds.
China Confident Europe Will Overcome Current Debt Crisis
China is confident that Europe will be able to overcome its debt crisis, Foreign Minister Yang Jiechi said, adding stability in the Eurozone was crucial for the global economic recovery.
Euro Crisis Blamed for Canada's Hefty Job Losses
Unexpected job losses pushed Canada's unemployment rate higher in October as the European debt crisis and U.S. weakness buffeted the exporting nation's economy and weakened confidence.
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Gold Falls on Thin Volume, Follows Risky Assets
Gold fell on Friday in one of the quietest trading day, as the metal tracked riskier assets on fresh worries about the euro zone bailout fund and a mildly encouraging U.S. nonfarm payrolls report.
No new euro zone money for debt crisis at G20
The euro zone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision.
Comments by policymakers at Cannes G20
Following are comments on Friday by policymakers attending the Group of 20 Summit in Cannes, France, and other euro zone officials, as Europe considered the possibility of Greece leaving the euro.
Italy’s Budget Reforms Lack Credibility: IMF Chief
Berlusconi is facing a mountain of opposition to his reforms.
G20 names 29 banks for capital surcharge, recovery plan
Twenty-nine banks were named on Friday as being so important to the global financial system that they are likely to need to hold more capital than rivals and must put in place a plan to allow them to be wound up without taxpayer help if they hit trouble.
G-20 Cannes Summit Final Communiqué [FULL TEXT]
Here's the full text of the final communique issued at the Group of 20 summit in Cannes, France.
Canada's PM says oil pipeline still has U.S. support
Canadian Prime Minister Stephen Harper said on Friday he sees overwhelming U.S. support for TransCanada Corp's Keystone XL oil pipeline to Texas from Canada's oil sands, despite recent signs of reticence in Washington.
Eurozone Finds No New Money for Debt Crisis at G20
The Eurozone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision.
Berlusconi Agrees to IMF Oversight of Italy’s Austerity Program
Jose Manuel Barroso, the president of the European Commission (EC), nonetheless told reporters in Cannes that Berlusconi was not forced into it.
U.S. influence at G20 not diminished, White House says
White House officials bristled on Thursday at the suggestion U.S. power within the G20 had been diminished by budget woes back home, as Europe looked toward an economically self-confident China for help.
Will the Government Rollback Petrol Price Hike?
Following uproar from all quarters for hiking the price of petrol by 2.7 percent amidst inflated economy, sources from the ruling Congress party said that there is possibility of partially roll back in the hike.
Asian Shares Rise on Hopes Greece will Shelve Referendum
Asian shares rose more than 2 percent and the euro steadied Friday on hopes that Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote planned in the Greek Parliament.
S.Africa signs multilateral tax evasion deal
South Africa on Thursday said it signed an agreement with 12 other countries to combat cross-border tax evasion.
Obama Gently Makes Fun of Sarkozy’s Looks
Sarkozy allegedly took the joke well.
Gold Prices Pop 2% on Draghi, Papandreou Surprises
Gold prices surged two percent Thursday after a surprise interest rate cut by the European Central Bank and Greece's prime minister abruptly dropping a widely denounced plan for a referendum on accepting bailout money.
France and Germany Tell Greece to Take The Bailout or Else
Our Greek friends must decide whether they want to continue the journey with us,” Sarkozy said.
ECB Cuts Interest Rates as New Chief Draghi Takes Bold Step
Howard Archer, chief European and U.K. economist said, The move also suggests that Mario Draghi will not be afraid to make bold decisions.
Berlusconi Under Extreme Pressure to Resign
Berlusconi has thus far refused to step down, citing that it would be impractical to call new elections in the middle of such a grave economic crisis.
Papandreou Likely to Step Down, Propose Coalition Government
Papandreou will likely propose a coalition government with Lucas Papademos, a former senior official at the European Central Bank, becoming the new Prime Minister.
Members of Berlusconi's Party Call for Resignation
Pressure mounted on Italy's besieged premier Silvio Berlusconi to quit Thursday as six former parliamentary loyalists called for a new government and the squabbling Cabinet failed to agree an urgent economic reform program.
Analysis: Beijing Risks Public Backlash if it Rescues Europe
China's people have a clear message for their government -- don't even think of saving Europe.
Greek euro threat looms over Cannes G20 summit
The threat of a Greek exit from the euro zone hung over a meeting of G20 leaders on Thursday after France and Germany made it clear that Athens must decide urgently whether it wants to stay in the 12-year-old currency bloc.
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