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World stock markets dropped Monday as worries intensified over the condition of the eurozone and whether Greece is edging towards leaving the single currency union.
Renewed uncertainty over Europe's sprawling debt crisis following elections in Greece and France weighed on stock markets Monday, with the main exchange in Athens down a massive 8 percent at one stage.
Asian stock markets were muted Friday in holiday-thinned trade ahead of a monthly U.S. hiring report.
Hector Sants, one of Britain's top financial regulators during the banking crisis of the past five years, has decided to step down as chief executive of the Financial Services Authority, in a move that deals a blow to current arrangements to overhaul the country's system of financial regulation.
The 17-nation eurozone has one foot in recession, according to official figures showing the economy contracted 0.3 percent in the final three months of 2011 from the previous quarter, a clear sign that Europe's debt crisis has spared no country in the single currency bloc.
Markets were in a jittery mood Thursday as uncertainty escalated over whether Greece will get vital bailout cash to avoid defaulting next month.
Markets were shored up by the news that Greece's party leaders agreed a deal on new cuts that are necessary for the country to get crucial bailout funds.
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.
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