The euro edged up against the dollar on Thursday but remained vulnerable near a recent 14-month low on concerns about the risk of a sovereign debt crisis in the euro zone and
Gold surged to a record high on Wednesday as investors piled in, seeking safety from turmoil in government bond markets and the risks of Greece's debt crisis spreading to other countries. Spot
Spain became the latest euro zone country to announce sweeping austerity measures on Wednesday as the executive European Commission sought unprecedented power to pre-vet national budgets. Prime Minister Jose Luis Rodriguez Zapatero
The U.S. trade deficit hit its widest point in more than a year in March, with a jump in imports swamping a rise in exports as the global economy strengthened, a government
The Bank of England (BoE) on Wednesday called on Britain's new coalition government for "careful thought and discussion" on reforming Britain's financial system and warned against too much haste. Britain's new Prime
Greek unions announced on Wednesday that they would stage a 24-hour nationwide strike on May 20, the second major protest against tough austerity measures pledged in exchange for billions of euros in
German Chancellor Angela Merkel said on Wednesday European Commission proposals on tougher budget rules are a step in the right direction. Merkel said the proposals were a means of increasing budget transparency
British Prime Minister David Cameron on Wednesday gave his first news conference since the formation of a coalition government. He was accompanied by Nick Clegg, the deputy prime minister. Following are key
Wall Street opened higher on Wednesday as Spain unveiled wide austerity measures, further easing jitters over euro-zone sovereign debt woes. The Dow Jones industrial average (.DJI) gained 39.66 points, or 0.37 percent,
Microsoft Corp launches an updated version of its Office software on Wednesday, aiming to keep its grip on the hugely profitable business application market while countering the challenge of free online alternatives
