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The cost of staging the London Olympics remains within budget and glitches in the ticketing process are being ironed out before the next batch go on sale in April, organizing chief Sebastian Coe said Thursday.
Tesco, Britain's biggest retailer by sales, saw its share price tumble Thursday after warning that it will see minimal profit growth this year following one of its worst Christmas performances in years.
The Bank of England kept its monetary policy unchanged Thursday despite mounting concerns over the state of the British economy.
German Chancellor Angela Merkel will headline an annual elite gathering of government and business leaders in Davos, Switzerland later this month to address the debt crisis that has gripped global markets for over two years.
A number of euro countries, including Italy, could see their credit ratings downgraded by the end of this month as they struggle to cope with too much debt and slowing economic growth, Fitch Ratings said Tuesday.
Stock markets got a big boost Wednesday after the world's leading central banks joined together to make it easier for banks to get dollars if they need them.
Any hopes that the 17-country eurozone will avoid sliding back into recession in the wake of a debt crisis that's shown alarming signs of spreading to the bigger economies appeared to have been dashed Wednesday.
Maybe it's not the Hotel California after all.
Industrial production in the 17 euro countries unexpectedly rose during August, official figures showed Wednesday, easing concerns that the crisis-torn eurozone was heading back into recession in the third quarter.
Asian stocks rose Wednesday as investors hoped for good news from corporate earnings reports due soon in the U.S, while European shares fell after Slovakia's rejection of more financial firepower for the region's bailout fund.
Taxing financial trades has been touted as a panacea for all kinds of global ills, a cash source to fight poverty and global warming. But the latest European attempt to introduce a worldwide standard 40 years after it was first conceived is facing stiff opposition from the U.S. and Britain.
The latest backdrop for European financial crisis talks was Wroclaw, Poland — or Breslau, as the picturesque city on the Oder River is still known in Germany.
Speculation that the U.S. Federal Reserve may announce another round of monetary easing helped stock markets rebound Tuesday after many entered official bear market territory.
Speculation that the U.S. Federal Reserve may announce another round of monetary easing helped stocks recover their poise Tuesday after many global markets entered official bear market territory.
Global stocks took another pounding Monday as worries over the downgrade of U.S. debt outweighed relief at the European Central Bank's purchase of Italian and Spanish bonds to help the two countries avoid devastating defaults.
Global stock markets sank again Monday as worries over the downgrade of U.S. debt outweighed relief at a European Central Bank pledge to buy up Italian and Spanish bonds to help the two countries avoid devastating defaults.
Spain's Labor Ministry says the number of people filing claims for unemployment benefits fell by 42,059 in July as the summer tourism season provided new jobs.
Greece will be ruled in default on its debt as a result of a new eurozone plan asking investors to take losses on the country's bonds, Fitch ratings agency said Friday.
Taxis across Greece are holding a 24-hour strike to protest the opening of their profession to more competition, part of reforms the government has pledged in order to continue receiving funds from an international bailout preventing the country from default.
A rally spurred by expectations that the U.S. economy added significantly more jobs than initially forecast in June petered out on Friday as investors prepared for the official employment report.
The arrest of International Monetary Fund chief Dominique Strauss-Kahn adds more uncertainty to Europe's debt crisis by removing a widely respected expert from talks on how to save the 17-nation eurozone.
Japanese stocks fell Thursday after figures showed the country's economy shrank more than anticipated in the first three months of the year, but markets elsewhere took the news in their stride to build on the previous day's gains.
World share markets sank Thursday after a slide on Wall Street sparked by tumbling demand for oil and fears of slackening growth in the U.S.
Europe's debt crisis returned to haunt markets Monday as investors fretted over a possible Greek default and the impact of huge gains for a nationalist party in Finland.
Inflation in the 17 euro countries was higher than first thought during March, official figures showed Friday, to the likely concern of the European Central Bank which has already started lifting borrowing costs to put a lid on rising prices.
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