European Union finance ministers failed to agree on Tuesday how to shore up sagging banks and avert a credit squeeze, as rising borrowing costs for Italy threaten to unleash a new and
Tour operators organising trips to Britain are seeing an average 90 percent downturn in bookings during the London 2012 Olympics, a survey by an industry group said, with sports fans failing to
Asian shares wiped earlier gains and fell on Tuesday, weighed by concerns that surging bond yields could stifle debt-ridden Italy's fund raising ability and throw the euro zone deeper into financial turmoil,
Europe has a new informal leadership directorate intent on finding a solution to the euro zone's debt crisis, but it has yet to prove its ability to come up with a lasting
Major emerging economies are ready to provide financial help to the euro zone via the International Monetary Fund but in return want commitments to reform the IMF to be implemented, Russian Foreign
Greek bank shares were adding more than 7% in early Monday trade after the country's main political parties clinched a deal to form a national unity government to push through an EU
Asian shares struggled and credit markets weakened on Monday, with investors still nervous despite the agreement on formation of a new Greek unity government intent on avoiding imminent debt default. Investors were
G20 leaders are likely to meet before their next scheduled summit in February to try and restore market confidence battered by the euro zone debt crisis, Canada's finance minister said on Saturday,
Greek Prime Minister George Papandreou said he would not head a new coalition government, which could be agreed with the opposition as early as Sunday, a statement from his office said. "It
The European Central Bank's interest rate cut on Thursday was a pre-emptive strike, policymaker Juergen Stark said on Friday, and urged the bank to call an early halt to its sovereign bond-buying
