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Volcker: Europe’s debt crisis shows risks for U.S.

Europe's debt crisis shows the risks for the United States if it does not get its budget deficits under control, former Federal Reserve Chairman Paul Volcker said on Tuesday. "If we need

19th May 2010
Cyprus

Futures drop as Germany bans some short selling

Stock index futures fell sharply on Wednesday, with markets rattled by Germany's decision to ban naked short selling of certain financial instruments and comments from its chancellor that the euro was in

19th May 2010
Business

Europe, Central American states reach trade deal

* Deal opens market for industrial products on both sides * EU car makers get free market access for 10 years * Reduced banana duties for Central American exporters * Central American

19th May 2010
Business

German ban on risky bets seen backfiring, euro sags

* No immediate sign other countries to follow suit * Austria wants to discuss Europe wide ban -FT * Euro hits another four-year low, Asian shares sag * Unclear how ban can

19th May 2010
Business

Euro-zone talks and Home Depot results lift futures

Stock futures rose on Tuesday as euro-zone finance ministers worked to iron out wrinkles in a 750 billion euro ($925 billion) bailout plan and Home Depot posted solid earnings. The talks in

18th May 2010
Business

UK inflation unexpectedly surges to 17-month high in April

 Britain's inflation rate jumped more than expected in April to hit a 17-month high, driven by big rises in tax on alcohol and tobacco, as well as women's clothing and food prices,

18th May 2010
Cyprus

Stocks rise on optimism over euro zone progress

Global stocks edged higher on Tuesday after a late rally on Wall Street and on cautious optimism that progress is being made on the euro zone rescue plan, but the euro itself

18th May 2010
Business

Euro ministers to fix details of anti-contagion plan

Euro zone finance ministers aim rapidly to iron out wrinkles in the 750 billion euro ($925 billion) plan they hatched a week ago to calm markets and stem fears of serial Greek-style

18th May 2010
Cyprus

Google faces probes over data it collected: report

Google Inc could face inquiries from German and U.S. officials following the company's disclosure it had "mistakenly" collected sensitive data sent by consumers over wireless networks, the Financial Times reported on Tuesday.

18th May 2010
Business

Greek tourism minister sacked over husband’s taxes

Prime Minister George Papandreou sacked his tourism minister on Monday after press revelations that her husband, a popular singer, owed the government more than 5 million euros ($6.35 million) in taxes. The

18th May 2010
Business
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Silver bulls target $69 on improved market mood 

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