The motivation behind the Greek aid package is to ensure wider financial stability, not to bail out Greece, Axel Weber, one of the European Central Bank's top policymakers said on Wednesday. "The
The euro tumbled to a one-year low against the dollar and Asian stocks fell as cuts in Greece and Portugal's credit ratings set off a flight to safety on fears that the
Euro zone government bonds held near highs hit the previous session on Wednesday after rating downgrades of Greece and Portugal raised fears euro zone debt problems are spreading, causing a wide repricing
Greek banks stocks tumbled more than 11 percent on Tuesday, heading for the biggest one-day drop in years, on concerns that Germany could be an obstacle to providing financial aid to Greece.
United Parcel Service, the world's largest package delivery service, reported sharply higher first-quarter earnings on Tuesday and confirmed its outlook for the year. UPS posted profit of $533 million, or 53 cents
Nokia Oyj unveiled details of its first phone with new Symbian 3 software on Tuesday, designed to challenge the iPhone and Blackberry at the high-end of the market. Last week Nokia cut
Police broke into a blogger's home in search of photographs of a prototype Apple iPhone and other material, launching a felony investigation, gadget site Gizmodo and prosecutors said on Monday. Gawker Media-owned
Deutsche Bank (DBKGn.DE) faces a U.S. class-action lawsuit over mortgage-related securities it helped arrange, Germany's biggest lender said in its first-quarter report. But it tried to distance itself from a whirlwind sweeping
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 were little changed on Tuesday after U.S. equities edged lower in the previous session. Ford Motor (F.N) is
The aid package for Greece must tackle the country's economic weaknesses from the ground up, European Central Bank Vice-President Lucas Papademos said on Tuesday. Papademos, a former head of the Bank of
