Standard and Poor's cut its unsolicited ratings on Italy by one notch, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added
Stocks and the euro fell on Tuesday after ratings agency S&P downgraded Italy and as Greece held talks with creditors to avoid running out of cash within weeks, amid worries that Europe's
Hong Kong shares inched higher on Tuesday, led by defensive issues that have outperformed the market as spooked investors sought safer bets in lingering weakness that has shaved 18% off the Hang
President Barack Obama will lay out a plan on Monday to cut the U.S. deficit that will raise taxes on the rich, striking a populist tone to motivate his Democratic Party base
World stocks fell sharply on Monday, snapping a four-day advance, while the euro shed more than 1% as investors feared a possible Greek debt default and the fallout on the entire euro
Cyprus has begun the process of exploratory drilling for gas south of its shores, its energy chief said on Monday, defying Turkey which has demanded it halt the work and threatened to
International lenders told Greece on Monday it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro
The Lloyd's of London insurance market will this week report a half-year loss of 1.5 bln pounds ($2.37 bln) after absorbing a record surge in natural catastrophe claims, according to an estimate
Ireland's state-run "bad bank" will auction works of art by the likes of Andy Warhol and Alex Katz after it put global auction house Christies in charge of a 14-painting collection valued
Luxury car maker Jaguar Land Rover, part of Indian group Tata Motors, said it will invest 355 mln pounds ($561 mln) on a new engine plant in central England, which fought off
