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
Conservative leader David Cameron took over as British prime minister on Tuesday and said he wanted to form a full coalition with the smaller Liberal Democrat party. Following are comments from analysts:
Adamant that Europe must take the lead in solving a debt crisis that began in Greece, U.S. officials have weighed in publicly with only carefully measured comments. But privately, President Barack Obama
Countries within the euro zone should implement a new system of cross-border budgetary co-ordination, the managing director of the International Monetary Fund told the Financial Times in an interview. Dominique Strauss-Kahn also
The euro slipped on Wednesday on nagging worries about festering euro zone debt problems despite a $1 trillion rescue package unveiled this week, which fuelled a short-lived rally in global stocks. Sterling
Moody's Investors Service said that, despite Australia's budget deficits continuing, the Aaa government bond rating remains secure. The $40 billion deficit projection in the budget released on May 11 for the current
The far-reaching support package announced by European policymakers over the weekend not only alleviates liquidity concerns for governments, but also represents a potentially decisive step towards greater fiscal integration of the European
The euro and stocks fell on Tuesday as a relief rally sparked by a $1 trillion plan to contain Greece's debt crisis gave way to doubts as to how the country will
A top Federal Reserve official warned on Tuesday that economies around the world must further rebalance their inward and outward capital flows to prevent a repeat of the damaging crisis of 2007-2008.
