The euro zone's temporary bailout fund, the European Financial Stability Facility (EFSF), will contribute 109.1 billion euros ($142.60 billion) to the second Greek bailout after covering the costs of the Greek debt
Asian shares eased on Thursday on renewed concerns about Chinese growth, but a brighter global economic outlook underpinned the dollar and kept investor risk appetite intact, reducing the appeal of safe-haven government
Greece's Alpha Bank will propose pulling out of a planned merger with Eurobank because of the impact of the country's bond swap deal on the banks, the lender said on Wednesday. On
Most of the largest U.S. banks passed their annual stress test, according to the Federal Reserve, in a conservative report card that underscored the recovery of the financial sector but called out
The first privately owned passenger spaceship is on track for a test flight beyond the atmosphere this year, and nearly 500 people have signed up for rides. Another company just closed on
The dollar hit an 11-month high against the yen and 1-month high on the euro on Wednesday, extending its gains after a modest brightening of the Federal Reserve's economic forecasts nudged traders
Brent crude steadied above $126 on Wednesday as expectations for a build in U.S. crude inventories offset improving economic sentiment in the world's top oil consumer. Brent crude eased two cents to
Greece is no longer in default but slow reforms, political uncertainty and recession could push it back towards bankruptcy, Fitch Ratings said on Tuesday after Athens completed the largest debt restructuring in
European shares rose and the dollar held near highs on Tuesday on hopes German and U.S. data will fuel expectations of an economic recovery and of no fresh stimulus moves from the
President Nicolas Sarkozy overtook Socialist challenger Francois Hollande for the first time on Tuesday in an opinion poll on the first round of France's April-May election after attacking the European Union's trade
