EU leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are expected to agree on a balanced budget rule in national legislation,
The euro came off six-week highs against the dollar on Monday as investors took profits made on its strongest weekly rally in more than three months and cautiously awaited a debt swap
Brent crude edged down on Monday as investors cautiously eyed a European Union summit for a resolution to the region's debt crisis, but prices stayed above $111 per barrel on concerns over
Prime Minister Lucas Papademos sought backing on Sunday from leading Greek party leaders for painful and unpopular reforms that the near-bankrupt country must negotiate now that a long-awaited debt relief deal seems
Greece and its private creditors worked on stitching together the final bits of a complex debt swap agreement on Saturday, amid growing optimism a deal will be clinched in time to avert
Germany is pushing for Greece to relinquish control over its budget policy to European institutions as part of discussions over a second rescue package, a European source told Reuters on Friday. “There
The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs to
Leaders of the Arab Spring sought to assure the world's elite in Davos that the rise of political Islam is not a threat to democracy, and pleaded for help creating jobs and
The European Central Bank's loans to banks have averted a major credit crunch but credit remains seriously impaired in parts of the euro area, ECB President Mario Draghi said at the World
Ford Motor Co reported a lower-than-expected fourth-quarter profit on Friday as commodity costs shot up and results from operations outside North America fell short of expectations. The No. 2 U.S. automaker's losses
