14/05/2012 | Argentina

EU to lodge suit against Argentina with WTO, reports say

The European Union has agreed to file a trade suit with the World Trade Organisation (WTO) over Argentina's import restrictions, a senior Spanish government source said today.

16/06/2012 | Argentina

'Argentina will play a very important role in the G-20 Summit'

Argentine Ambassador to Washington Jorge Argüello stated that the European financial crisis will be the main aspect of the upcoming G-20 summit and that within that context," Argentina will play a very important role based on the country’s experience."

15/12/2010 | Argentina

Foreign tourism climbs 24.8% in October

The number of tourists that arrived in Argentina during October gained 24.8 percent compared to the same month last year, according to a report of the Indec national statistics bureau.

01/06/2011 | Argentina

'Argentine economy shows higher figures than any European country,' De Mendiguren says

José Ignacio De Mendiguren, head of the UIA Argentine Industrial Union, mentioned that the Argentine economy is better “than any European country,” and assured that in Europe “they see our economy as a growing market.”

23/04/2012 | Argentina

CFK blasts Europe's budget cuts, mentions Netherlands' case

President Cristina Fernández de Kirchner blasted once more the European cuts’ recipe and gave Netherlands as an example of the consequences of the cuts applied during a crisis. The Head of State referred to the resignation of the Dutch Prime Minister, Mark Rutte.

22/05/2013 | World

Wall St falters in volatile session on Fed worries

US stocks fell with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest US Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting.

23/05/2013 | World

Wall St sags, but ends off session lows

US stocks slipped but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.

17/05/2013 | World

Global shares close with new peaks

The Dow Jones Industrial Average and benchmark S&P 500 stock index surged to new closing highs in a rally that has pushed both indices this year up 17 percent.

20/05/2013 | World

Wall Street inches up, deals support for rally

The US benchmark S&P 500 index is almost 17 percent higher so far this year - and investors still see better returns ahead in equities, even as Wall Street traded near break-even.

21/05/2013 | World

Dow, S&P end at records on Fed officials' reassurance

US stocks rose with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased some concerns that the central bank could start reducing its stimulus program.

14/05/2013 | World

Wall Street jumps as banks lead S&P 500 to new record high

US stocks rose and closed a rally today, with the Dow and the S&P 500 hitting new records as investors bet that the market's upward momentum would keep going.

15/05/2013 | World

Dow and S&P 500 hit new highs; investors confident in rally

US stocks edged up today, with the Dow and S&P 500 hitting new all-time highs as the market's recent upward momentum persisted, but a steep decline in Apple kept gains in check. European shares scaled new five-year highs.

16/05/2013 | World

Global shares fall following weak earnings

US stocks ended lower with declines picking up steam after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer. European shares, Japan's Nikkei also down.

09/05/2013 | World

Global stocks dip after recent gains

US stocks ended lower, breaking a five-day string of record closing highs for the S&P 500 as the market's recent momentum faltered and Apple shares weighed.

10/05/2013 | World

Corporate earnings lead global shares to fresh peaks

European equities scaled fresh five-year highs today, bolstered by strong earnings numbers from steelmaker ArcelorMittal and telecoms group BT and expectations of continued central bank stimulus. US stocks were little changed but remained on track for a third straight week of gains.

13/05/2013 | World

Global shares pause at 5-year highs amid chart caution

US stocks edged lower today as indexes retreated from record highs in the previous session, though an unexpected rise in retail sales data for April helped to limit losses.

03/05/2013 | World

Dollar, stocks surge on strong US jobs data

The US dollar surged against the yen and global equity markets rallied after the US government reported surprisingly strong jobs growth for April that drove optimism on the economy, driving Wall Street stocks to record highs.

07/05/2013 | World

Global stocks climb higher as investors chase performance

US stocks edged higher but investors found little reason to push shares decisively higher after the S&P 500 hit another record close. European shares rose 0.4 percent on positive expectations that central banks would continue to stimulate the economy.

08/05/2013 | World

Wall St rallies with Dow, S&P at records again

US stocks pushed further into record territory driving the S&P 500 to an all-time high close for a fifth day, helped by strength in financials and technology.

26/04/2013 | World

Dollar falls against the yen; bond yields decline

The US dollar tumbled against the yen fter the Bank of Japan left its monetary policy unchanged, while benchmark US bond yields fell to near 4-1/2-month lows after the US economy grew less than expected in the first quarter.

30/04/2013 | World

S&P 500 ends at record high on Apple, economic data

US stocks rose moderately, with the S&P 500 ending at another all-time closing high on a jump in Apple and encouraging economic data.

01/05/2013 | World

Wall St closes down on data, earnings

US stocks fell sharply as the latest economic data continued a trend of indicators pointing to anemic growth, while bellwether companies disappointed on revenue.

23/04/2013 | World

Wall St rallies after recovery from Twitter-driven drop

US stocks climbed in a broad rally, recovering from sharp declines sparked by a "bogus" Associated Press tweet about explosions at the White House.

24/04/2013 | World

Global shares rise as weak data again backs ECB rate cut

Global equity markets rose, drawing support from strong corporate earnings and speculation the European Central Bank will cut interest rates after the release of weak economic data out of Germany for a second straight day.

25/04/2013 | World

Wall St gains on earnings, data, but S&P record a hurdle

US stocks rose lifted by stronger-than-expected earnings and a large drop in weekly jobless claims.

16/04/2013 | World

Wall St gains 1%, lifted by gold, earnings and data

US stocks jumped more than 1 percent, a day after their worst decline since November, as gold prices rebounded and earnings from Coca-Cola and Johnson & Johnson improved the outlook for first-quarter results.

17/04/2013 | World

Drop in Apple shares, weak profits drag Wall St lower

US stocks fell in a broad market selloff, led by a sharp drop in Apple shares on worries about slowing demand for its products and weaker-than-expected results from Bank of America that battered the financial sector.

18/04/2013 | World

Wall Street dips as after disappointing data

US stocks fell and the S&P 500 closed below a key technical level after disappointing forecasts from eBay and other companies, casting doubt on the market's recent strength.

11/04/2013 | World

Wall St gains for 4th day, but weak tech hurts Nasdaq

US stocks rose for a fourth straight day, sending the Dow and the S&P 500 to new closing highs as positive data on the labor market and an encouraging retail outlook eased recent concerns about economic growth.

12/04/2013 | World

Global shares end down on US data, Cyprus

US stocks and European shares closed lower today, after weak US retail data and worries about Cyprus's bailout plan.

15/04/2013 | World

Wall St posts worst day since Nov. 7 on gold's drop, Boston blasts

US stocks posted their worst day since Nov. 7 as big declines in the price of gold, oil and other commodities fed a broad selloff in equities.

02/04/2013 | World

Global stocks rally as commodities retreat

Major stock markets rose, with the US S&P 500 index nearing its all-time intraday high, while the dollar rallied from a one-month low against the yen on bets the Bank of Japan will announce further monetary easing steps this week.

05/04/2013 | World

Stocks, dollar fall on weak US jobs data

Major stock markets tumbled and the dollar fell, after a weaker-than-expected jobs report added to fears the US economic recovery may be losing steam, driving a bid for safety that boosted prices of US Treasury securities and gold.

08/04/2013 | World

Wall St closes higher, stocks volatile after results

Wall Street waned today as investors faced the prospect of a lackluster corporate earnings season and an economy that could be hitting a slow patch.

26/03/2013 | World

Wall St ends up on economic data; S&P near record close

US stocks rose, pushing the S&P 500 within striking distance of its all-time high, as strong data on home prices and manufacturing fed optimism about the economy, although the improvements were seen as slow.

27/03/2013 | World

Wall St ends flat on late buying, Cyprus woes linger

US stocks rebounded from early declines to close little changed, but investors were still worried about the chance of a run on Cypriot banks and its possible implications for other euro-zone lenders.

28/03/2013 | World

S&P 500 ends at record closing high

The S&P 500 set a record closing high, finishing a fifth consecutive month of gains to extend a four-year rally. The S&P had hovered near its record for more than two weeks, and market action next week will help determine if this is just another stepping stone for the rally, or if a long-expected pullback is in the offing.

19/03/2013 | World

Global shares end lower on Cyprus concerns

Global stock markets fell today, extending the previous day's decline as investors continued to fret about Cyprus and the possible effect on the euro zone should the island nation default and its banking system collapse.

20/03/2013 | World

Global shares end up after Fed, Cyprus fears ease

Stock markets around the world closed higher today as the Federal Reserve held firm to its plan to stimulate the US economy, while European shares steadied on hopes European policymakers would contain the financial crisis in Cyprus.

22/03/2013 | World

Shares, euro rise on hope Cyprus reaches deal

Global equity markets and the euro advanced on hopes Cyprus will avert a financial collapse, taking succor from an agreement that shielded Greek banks from the Cypriot crisis and remarks that the island nation was hours away from a bailout.

14/03/2013 | World

European Commission questions Argentina's 'protectionism'

The European Commission issued a report questioning what the organization considered the increase of “protectionist measures” applied by Argentina and Brazil and affirmed such moves affect products’ entry to the region.

15/03/2013 | World

Global stocks retreat on US data

US stocks slipped today, ending the Dow Jones industrial average's longest winning streak since 1996 as investors paused just below the S&P 500's record high. Meanwhile, European shares also retreated.

18/03/2013 | World

Wall Street falls as banks slide on European worries

US stocks fell today as a divisive bailout plan for Cyprus knocked bank stocks lower on the view that the plan's tax on bank deposits could spread and threaten stability in the euro zone.

12/03/2013 | World

Snow disrupts transport across northwestern Europe

An overnight snowstorm in northwestern Europe forced the closure of Frankfurt Airport, caused record traffic jams in Belgium, and left British and French drivers sleeping in their cars.

13/03/2013 | World

Wall Street inches up, European shares end flat

US stocks edged up today, with the Dow rising for the ninth straight session to another record, buoyed by surprisingly strong retail sales that suggested the economy is gaining momentum. Meanwhile, European shares recouped their earlier losses to end flat.

14/03/2013 | World

Global shares jump on US data, Dow eyes 10th gain in row

Global equity markets and the dollar rose today, with the iconic Dow poised to extend its winning streak to 10 days, after more encouraging signs of a labor market recovery underpinned sentiment the US economy is gaining traction.

23/02/2013 | World

European Parliament Deputy President injured in car crash

The deputy president of the European Parliament, Alexander Alvaro, was seriously injured in a car crash in western Germany overnight, a spokesman for the European liberals group ALDE said today.

28/02/2013 | World

Van Rompuy tells Britain: leaving EU 'not free'

One of Europe's most powerful officials cautioned Prime Minister David Cameron today that leaving the European Union could cost Britain dear and that the bloc's other leaders do not want to renegotiate Europe's founding treaties.

12/03/2013 | World

Wall Street slips, as European shares pause

The S&P 500 ended lower today, breaking a seven-session string of increases as investors pulled back from technology and financial shares, but the Dow eked out a gain for an eighth straight day. Meanwhile, European shares steadied.

07/02/2013 | World

Global stocks falter on euro zone jitters

Stocks slipped today, taking a step back from their recent advance, prompted by comments by the ECB president on the euro and Europe's outlook.

14/02/2013 | World

Wall St ends slightly higher, helped by acquisitions

The S&P 500 eked out a small gain for a third straight session, helped by a flurry of merger activity, though investors see no catalysts to lift the market further with major averages near multi-year highs.

20/02/2013 | World

Global shares ease, oil slips as investors await Fed minutes

Global equity markets faltered as a mixed reading of US housing data took the edge off this year's stock rally, while oil prices fell as the prospect of increased Saudi supply offset optimism spurred by an improving worldwide economy.

01/02/2013 | World

London's 'intergalactic' Shard opens to love and rain

A marriage proposal, strange similes and a stunning panorama marked the public opening of the viewing deck for western Europe's tallest tower on a wet day in London.

05/02/2013 | World

Global stocks rebound on economic data

Global equity markets bounced back today after data showed the vast US services sector extended a three-year expansion in January, while business activity in the euro zone showed signs of recovery.

06/02/2013 | World

Global stocks slip after rally

US and European stocks slipped today as investors paused after a robust recent rally, while the euro fell ahead of a European Central Bank meeting that could reveal concerns about the currency's strength.

07/01/2013 | World

Global shares slip before earnings

World stock prices fell on worries about disappointing company results while world oil prices dipped on profit-taking, but signs of improvement in the global economy capped the losses.

16/01/2013 | World

Helicopter crashes into crane on London tower, two killed

A helicopter crashed into a crane on top of one of Europe's tallest residential blocks in central London today, killing two people as it burst into flames and threw plumes of smoke into the foggy air.

28/01/2013 | World

Global shares end mixed after rally

The S&P 500 eased slightly today after an eight-day run of gains, its longest winning streak in eight years, while the Nasdaq edged higher as Apple shares rebounded. Meanwhile, European equities touched fresh multi-month peaks.

24/12/2012 | World

Global shares end last session pre-Christmas down

US stocks edged lower today after the S&P 500 suffered its worst drop since mid-November on continued worry legislators will be unable to reach a deal to avert the "fiscal cliff."

02/01/2013 | World

Global stocks extend gains on 'cliff' deal

US stocks kicked off the new year with their best day in over a year today, sparked by relief over a last-minute deal in Washington to avert the "fiscal cliff" of tax hikes and spending cuts that threatened to derail economic growth. The deal also sent European shares to 20-month highs.

02/01/2013 | World

Pilots agree to talk with Iberia about job cuts

Spanish airline Iberia said today it has reached a preliminary agreement with pilots over plans to restructure the loss-making airline by laying off staff and cutting salaries.

30/11/2012 | World

Moody's downgrades EFSF, European Stability Mechanism

Moody's Ratings agency announced it has downgraded the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) from "Aaa" to "Aa1," with negative outlook on each.

06/12/2012 | World

ECB holds rates, to give new economic outlook

The European Central Bank held interest rates at a record low of 0.75 percent, leaving investors to shift their attention to new economic forecasts for clues about possible cuts next year.

15/12/2012 | World

Alcohol dependency drug wins EU green light

A novel drug to fight alcohol dependency was given a green light by European regulators, providing a boost to a Danish drugmaker at a time when its top product faces a big drop in sales.

10/11/2012 | World

Vatican vows to fight gay marriage after gains in US, Europe

The Vatican, reacting to strong gains for gay marriage in the United States and Europe, today pledged never to stop fighting attempts to "erase" the privileged role of heterosexual marriage, which it called it "an achievement of civilisation".

14/11/2012 | World

Anti-austerity strikes sweep Europe

20/11/2012 | World

Wall Street sags after Bernanke's comments, European shares close high

US stocks fell today following a two-day rally, after Federal Reserve Chairman Ben Bernanke said the central bank lacks tools to cushion the US economy from the impact of the "fiscal cliff." Meanwhile, European equities edged higher.

26/10/2012 | World

Weak earnings hit shares, boost demand for US Treasuries

Global shares fell on Friday as lackluster corporate earnings reports undermined investor confidence while US Treasuries climbed with safe-haven support.

29/10/2012 | World

European shares fall as hurricane batters insurers

European stocks fell, led by insurers on expectations the sector will see profits hit hard by clean-up costs resulting from a huge hurricane nearing the United States.

05/11/2012 | World

G20 seeks more wiggle room on austerity pledges

The world's leading economies gave themselves a bit more wiggle room to meet targets for cutting budget deficits rather than risk worsening a slowdown in many countries, chief among them the United States.

21/09/2012 | World

IMF chief urges Europe to act to move beyond crisis

European policymakers must move quickly to coordinate and implement decisions they have taken to move the euro zone beyond its current debt crisis, the head of the International Monetary Fund said.

08/10/2012 | World

IMF cuts global growth forecast

The IMF cut its global growth forecast for the second time since April and warned US and European policymakers that failure to fix their economic ills would prolong the slump.

12/10/2012 | World

Germany holds firm on Greece as IMF pressure mounts

Germany held firm today in insisting it was too soon to say Greece deserved more time to meet its deficit-cutting goals even as the head of the International Monetary Fund laid out the case for leniency.

01/08/2012 | World

ECB's Draghi faces leadership test over euro pledge

European Central Bank President Mario Draghi faces intense pressure from investors, European leaders and even the United States to deliver on his pledge to do whatever it takes to save the euro.

07/09/2012 | World

EU warns Russia to play by WTO rules or face action

Europe's trade chief threatened to take Russia to the World Trade Organization over a string of restrictive practices today, saying Moscow needed to play by the rules now it was a member of the global body.

20/09/2012 | World

Merkel turns to ex-mentor Kohl to sell Europe to Germans

Angela Merkel is seeking help from her estranged, former mentor Helmut Kohl, architect of the euro, to restore voter faith in the European project before next year's election.

18/07/2012 | World

World Bank chief warns no region immune to Europe crisis

World Bank President Jim Yong Kim warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.

23/07/2012 | World

Global shares plunge on Spain bailout speculation

US stocks fell for a second straight session, as Spain appeared closer to needing a national bailout and poor corporate results weighed on the market. Meanwhile, European stocks also sank.

27/07/2012 | World

Spain discusses state bailout; ECB seen writing off Greek debt

Spain has at last conceded it may need a state bailout and policymakers are considering writing down Greek debt to their central banks, European officials said, as markets anticipated radical new action to pull the continent out of its debt maelstrom.

29/06/2012 | World

Draghi says EU crisis summit delivered 'tangible' results

European Central Bank President Mario Draghi said he was pleased with steps taken at a summit of EU leaders, including a decision to allow direct recapitalisation of banks, but added that future aid must be tied to strict conditions.

05/07/2012 | World

ECB cuts rates to new low, no move on bolder measures

The European Central Bank cut interest rates to a record low today to breathe life into a deteriorating euro zone economy but steered clear of more dramatic measures such as buying government bonds or flooding banks with fresh liquidity.

17/07/2012 | World

Global stocks mixed after Bernanke economy view

Wall Street rose in choppy trade after a gloomy economic outlook by Federal Reserve Chairman Ben Bernanke kept alive views that the US central bank may take further steps to stimulate growth. Meanwhile, European shares fell in thin trading.

19/06/2012 | World

G20 backs Europe's overhaul to fight crisis

Europe won support from world leaders for an ambitious but slow-moving overhaul of the euro zone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world economy.

27/06/2012 | World

Merkel says no easy answers to end euro crisis

German Chancellor Angela Merkel said today, one day before a crunch European Union summit, that there were no quick or easy solutions to end the euro zone's debt crisis and leaders should avoid making rash promises they could not keep.

28/06/2012 | World

EU summit works on short-term support for Spain, Italy

European finance officials were working on urgent measures to ease financial market pressure on Spain and Italy, which are too big to bail out, as EU leaders began a summit on Thursday deeply divided over how to resolve the euro zone's debt crisis.

11/06/2012 | World

OECD: weakness spreading to Asia, Europe debt woes continue

There are signs that the economies of two of the world's leading emerging powerhouses, India and China, are starting to falter, while Europe continues to be handicapped by its debt woes, the latest report from the OECD showed today.

11/06/2012 | World

Green light for world's biggest optical telescope

A 1.1 billion-euro project to build the world's largest optical telescope will go ahead after the European organization overseeing it said it won backing from most of its members.

18/06/2012 | World

G20 ramps up pressure on Europe over debt crisis

World leaders pressured Europe to take ambitious new steps to resolve its debt crisis after a victory for pro-bailout parties in a Greek election failed to calm markets or ease worries that wider turmoil could derail the global economy.

07/06/2012 | World

'Fed is monitoring significant risks for the US from Europe crisis'

Federal Reserve Chairman Ben Bernanke said today the central bank was ready to shield the economy if financial troubles mount, but offered few hints that further monetary stimulus was imminent.

07/06/2012 | World

Merkel says EU ready to act as Spain downgraded

German Chancellor Angela Merkel said Europe was ready to act to ensure stability in the euro zone as Spain's credit rating was cut by three notches amid expectations it may soon seek EU help for banks beset by bad debts.

08/06/2012 | World

Obama urges Europe to act quickly on crisis

President Barack Obama said that European leaders face an "urgent need to act" to resolve the region's financial crisis as the threat of a renewed recession there spells dangers for an anemic US recovery five months before elections.

01/06/2012 | World

Obama blames Europe, energy prices for slow US job growth

US President Barack Obama said the US economy was still fighting its way back to full health and was not yet growing or creating jobs fast enough, blaming high gasoline prices and headwinds from Europe's economic crisis for the lag.

03/06/2012 | World

Merkel seeks measures to boost growth in Europe

Chancellor Angela Merkel praised higher German wage deals and signalled flexibility on a financial transaction tax, in a sign she is open to new measures to boost growth in Europe.

04/06/2012 | World

G7 to hold emergency eurozone talks, Spain top concern

Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis tomorrow in a sign of heightened global alarm about strains in the 17-nation European currency area.

14/05/2012 | World

Hollande to be sworn in as new French president

Francois Hollande will be sworn in as France's first Socialist president in 17 years in a hurried ceremony on Tuesday before a dash to Berlin to challenge German Chancellor Angela Merkel's focus on austerity policies.

16/05/2012 | World

Greece euro exit could hit Spain, Italy, Zoellick assures

A decision by Greece to leave Europe's common currency zone would raise big questions about the impact on Spain, Italy and other euro zone countries with big debt loads that are undergoing structural reforms, the head of the World Bank said.

18/05/2012 | World

Obama presses ailing Europe to focus on growth

A growing chorus of world leaders pushed for a shift toward more pro-growth policies to help ease a European crisis that threatens to oust Greece from the euro zone and reverberate throughout the global economy.

01/05/2012 | World

Europeans protest austerity at May Day rallies

Thousands of workers across southern Europe protested against spending cuts in annual May Day rallies today, before weekend elections in Greece and France where voters are expected to punish leaders for austerity.

02/05/2012 | World

Global shares fall after weak euro zone, US data

The S&P 500 and the Dow edged lower as data showed that private sector hiring unexpectedly fell to a seven-month low in April, sparking concerns that Friday's key jobs report will also disappoint investors.

11/05/2012 | World

Fitch warns euro zone of downgrades if Greece exits

Credit rating agency Fitch put the whole of the euro zone on notice today that were Greece to leave the currency bloc as a result of its current crisis, the remaining countries could find their sovereign ratings at risk.

23/04/2012 | World

Dutch coalition offers to resign in budget cuts row

Dutch Prime Minister Mark Rutte tendered his government's resignation today in a crisis over budget cuts, creating a political vacuum in a country which strongly backed an EU fiscal treaty and lectured Greece on getting its finances in order.

24/04/2012 | World

Hollande: ‘Merkel ran Europe along with Sarkozy and we can see the results’

French presidential candidate for the Socialist bloc François Hollande defended his intention to “re-guide” Europe by criticizing the results of the vision applied until now by German Chancellor Angela Merkel, and current French President Nicolas Sarkozy.

30/04/2012 | World

Global stocks fall in April on Europe stress

The S&P 500 posted its first monthly decline since November, as stocks slipped on signs the US economy may be slowing and as a recession in Spain highlighted risks in the euro zone. Meanwhile, European stocks snapped a four-session rally, with news of a recession in Spain putting economic and debt problems back in the spotlight.

20/04/2012 | World

G20 doubles IMF's war chest amid fears on Europe

Leading world economies pledged $430 billion in new funding for the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis.

21/04/2012 | World

IMF presses Europe to contain debt crisis

Europe was pressed by other world powers on Saturday to take strong measures to fix its debt-heavy economy and restore growth to a level that would lift the cloud hanging over the fragile global recovery.

23/04/2012 | World

Global stocks knocked by political turmoil in Europe

US stocks fell as political turmoil in Europe cast doubts on the euro zone's ability to push through measures to end its debt crisis and as Wal-Mart sank following a report it stymied a bribery probe. European shares fell to a three-month low in brisk volume as worsening global economic conditions threatened to deepen the euro zone's crisis.

29/03/2012 | World

OECD: Euro zone lagging behind in economic recovery

Euro zone nations are falling far behind the United States and Canada as a fragile recovery takes root in advanced economies, the OECD said today, advising central banks to keep easy money flowing so the rebound does not prove short-lived.

02/04/2012 | World

Blaze at Moscow skyscraper set to be Europe's tallest

Fire ripped through the top of a part-built skyscraper that is set to become Europe's tallest building and form the pinnacle of Moscow's new business district under plans to turn the Russian capital into a global financial centre.

04/04/2012 | World

ECB's Draghi: Exit strategy talk is premature

ECB President Mario Draghi said today that the euro zone inflation outlook did not warrant a retreat from loose monetary policy given the poor state of the bloc's economy.

13/03/2012 | World

Fitch lifts Greece out of default territory after debt swap

Fitch lifted Greece's credit rating out of default territory, becoming the first major rating agency to take the widely expected move after Athens completed a debt swap that cut its debt by about 100 billion euros.

19/03/2012 | World

Apple buoys Wall Street, as European shares slip

Apple lifted US stocks on Monday after it announced regular dividends and share buy-backs, while benchmark US Treasury yields hit a near five-month high as investors sold safe-haven government bonds. Meanwhile, European share prices slipped to snap a four-day winning streak.

22/03/2012 | World

Global stocks retreat on growth worries

Cyclical sectors led US stocks lower, setting the S&P 500 up for its first negative week in six, after factory data showed a slowdown in both the euro zone and China. Meanwhile, European shares notched up their longest losing streak in four months.

29/02/2012 | World

Bernanke: 'Critical fiscal and financial challenges remain for the euro zone'

Testifying today before the US House Committee on Financial Services, Federal Reserve Chairman Ben Bernanke said that 'critical fiscal and financial challenges remain for the euro zone.'

07/03/2012 | World

Facebook goes down in parts of Europe

Facebook Inc, the world's biggest social networking site, said its service was unavailable in some European countries today morning because of technical problems.

13/03/2012 | World

ECB Draghi: 'We are alert to the risk of inflation although it's not materializing'

European Central Bank President Mario Draghi said today that the euro zone's economy appears to be stabilizing but inflation risks were not currently materializing as a large output gap remained.

20/02/2012 | World

Italy, Britain urge more EU focus on growth

Italy, Britain, the Netherlands and nine other countries called for Europe to shift its focus from tough budget cuts towards measures to create growth as the region looks headed for its second recession in three years.

22/02/2012 | World

Global stocks lower on euro zone recession worries

Global stocks eased after data showed the euro zone may be sliding toward recession and China's new export orders shrank in February.

23/02/2012 | World

Wall Street rises; European shares edge lower

Wall Street stocks rose after data showed the US labor market remained on the mend, but the market stalled as it approached highs not seen since before the 2008 collapse of Lehman Brothers. Meanwhile, European shares fell for a third straight session.

17/02/2012 | World

Global stocks rise on Greek bailout optimism

US stocks edged higher, but investors stayed cautious before a long holiday weekend when hopes are set for Greece's bailout plan to be approved. Meanwhile, European stocks rallied, with a key index hitting a level not seen since before the market's early August nosedive.

17/02/2012 | World

France, Britain agree drone cooperation

France and Britain agreed to jointly work to develop next-generation unmanned drones as part of their military cooperation as their leaders reconciled after an acrimonious clash over Europe last year.

20/02/2012 | World

European shares rise on China move, Greek hopes

Shares gained as China's move to beef up banking activity supported optimism for global growth and as Greece edged closer to securing a bailout, though rising oil prices weighed on the recovery hopes.

11/02/2012 | World

Protests erupt across Europe against web piracy treaty

Tens of thousands of protesters took part in rallies across Europe against an international anti-piracy agreement they fear will curb their freedom to download movies and music for free and encourage Internet surveillance.

13/02/2012 | World

Global stocks rise on Greek vote

US Stocks rose, led by bank shares after Greece's parliament approved reforms needed to qualify for a cash disbursement and avoid an unruly default. Meanwhile, a low-volume rally in European shares looked to peter out as traders said short-sellers were beginning to position for a fall in the market.

14/02/2012 | World

Global stocks fall on fresh Greek concerns

World stocks retreated today on fresh concerns over Greece's bailout and on weak US retail sales that gave investors pause about a rally that had pushed a broad measure of US equities to almost a seven-month high this week.

06/02/2012 | World

Merkel, Sarkozy press Greece as another bailout deadline slips

The leaders of France and Germany told Greece time was running out in talks on a broad debt restructuring deal and Athens would only get bailout money from Europe if it lived up to its promise to deliver economic reforms in return.

07/02/2012 | World

Over 300 killed by European cold snap

The deadly cold snap that has gripped Europe for more than a week wrought more havoc across the continent, straining emergency services, grounding flights and pushing the death toll past 300.

09/02/2012 | World

ECB's Draghi sees some signs of euro zone stabilisation

Tentative signs of stabilisation in the euro zone economy remained over the past month but uncertainty remains high, European Central Bank President Mario Draghi said today after the ECB held interest rates at a record low of 1.0 percent.

02/02/2012 | World

Bernanke: Fed will protect US from Europe fallout

Europe's financial crisis still threatens the US recovery, and the Federal Reserve will do everything it can to prevent it from damaging the economy, Federal Reserve Chairman Ben Bernanke said today.

03/02/2012 | World

IMF says the Fund 'should boost its resources as Europe discusses debt crisis'

The International Monetary Fund should proceed with talks on increasing the size of its warchest at the same time as Europe discusses how to build a firewall to contain its debt crisis, a senior official from the fund said.

04/02/2012 | World

European chill moves west, 122 die in Ukraine

Bitterly cold weather that has claimed hundreds of lives in eastern Europe swept westwards over the continent on Saturday, blanketing Rome's Colosseum with snow for the first time in three decades and disrupting air and rail traffic.

24/01/2012 | World

Lagarde: IMF resources may grow if euro zone boosts bailout fund

The International Monetary Fund's members may be willing to increase its resources if euro zone states increase the size of their bailout fund, IMF chief Christine Lagarde told Deutschlandradio Kultur in an interview today.

02/02/2012 | World

Global stocks end flat

Investors largely took a wait-and-see approach as US stocks ended little changed ahead of Friday's key employment report, but tech shares rose after strong earnings from chipmaker Qualcomm.

02/02/2012 | World

Over 170 die across freezing Europe; in Japan death toll hits 50

16/01/2012 | World

S&P downgrades Europe's rescue fund

Credit ratings agency Standard and Poor’s downgraded the European Financial Stability Facility (EFSF) from “AAA” to “AA+,” although it does not rule out it would increase it again if it bolsters its funds, according to a communiqué.

17/01/2012 | World

Global stocks end higher

Stocks sold off late in the session to end with modest gains as Citigroup's steep drop in profit gave investors a reason to unload bank shares. Meanwhile, European shares hit a 5-1/2-month high.

23/01/2012 | World

Wall Street pauses after rally; European shares close high

US stocks ended little changed as investors took a pause from a recent rally, awaiting earnings from bellwethers such as Apple later in the week. Meanwhile, European stocks hit their highest close since early August.

28/12/2011 | World

Global stocks drop on worries about Europe

Stocks fell after a hefty year-end rally and the S&P 500 erased gains for the year as investors shifted focus to what is expected to be a difficult start to 2012. European shares tracked Wall Street into the red in light trade, with auto makers the steepest fallers as investors cashed in on a recent rally.

30/12/2011 | World

Merkel says Europe must cooperate more for euro to succeed

Europe must cooperate more closely if it wants the euro to succeed as its shared currency, and it still has a long way to go to overcome its sovereign debt crisis, German Chancellor Angela Merkel said in her New Year's Eve address.

02/01/2012 | World

European shares end higher in thin holiday trade

European stocks ended higher in their first trading session of the year, led by defensive utilities such as E.ON and GDF Suez, while volumes were anaemic as UK and US markets remained closed for the New Year holiday.

14/12/2011 | World

Merkel urges patience, says Europe can overcome crisis

Europe can emerge stronger from its debt crisis if governments show patience and follow through on their plan to integrate their economies, German Chancellor Angela Merkel said in a speech in parliament.

21/12/2011 | World

Banks take 489 billion euros in 3-year ECB loans

Europe's banks borrowed nearly 490 billion euros from the European Central Bank at its first-ever offer of three-year loans today, encouraging demand for the euro and stocks on hopes the funding will ease the two-year old debt crisis.

27/12/2011 | World

Global stocks finish mostly flat

US stocks ended flat after fluctuating between small gains and losses in a light-volume session, as investors took a breather following a 5 percent rally last week. Meanwhile, European shares steadied in low volume as last week's tentative rally petered out.

09/12/2011 | World

EU leaders reach debt crisis deal without Britain

A divided Europe – a historic rift over building a closer fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to forge ahead with a separate treaty, leaving Britain isolated – reached a new deal to address the debt crisis hovering over the block.

12/12/2011 | World

Global shares down as euphoria over EU deal fades

US stocks ended lower, as concerns about Europe returned to the forefront after major credit ratings agencies warned that European leaders had not done enough to tackle the region's debt crisis. Meanwhile, European shares posted their biggest fall in three weeks.

12/12/2011 | World

Sarkozy: French AAA rating loss would be surmountable

A loss of France's AAA credit rating would add to the country's difficulties but would not be insurmountable, French President Nicolas Sarkozy said in a interview published today.

25/11/2011 | World

Wall Street falls for 7th session, European shares rebound

US stocks fell for a seventh straight session, leading global equity markets to their worst week in two months on fear that Europe's debt crisis is dragging on without a credible solution. Meanwhile, European shares turned higher.

29/11/2011 | World

S&P criteria change reduces ratings on big US banks

Standard & Poor's reduced its credit ratings on several big banks in the United States and Europe as the result of a sweeping overhaul of its ratings criteria. 

05/12/2011 | World

Downgrade threat a clarion call for euro reform

A threat by Standard & Poors to slash credit ratings across the euro zone has sounded a clarion call, which could help Nicolas Sarkozy and Angela Merkel force through a change to the European Union treaty at a summit this week.

21/11/2011 | World

European shares fall on euro zone, US debt worries

US stocks fell for a fourth session, as the lack of progress in dealing with heavy debt both in the United States and Europe further sapped investor confidence in equities.

22/11/2011 | World

Stocks slip on US data

Global stocks fell after data showed the US economy grew more slowly than expected in the third quarter, while the euro rose against the dollar after the IMF unveiled a liquidity line that stemmed fears about the spread of the European debt crisis.

23/11/2011 | World

Global stocks fall on German auction, China data

US stocks suffered a sixth straight day of losses as frustration over the euro zone's debt crisis, coupled with weak Chinese factory data, further dented investor sentiment. Meanwhile, European shares fell to their lowest close in seven weeks after low demand at a German bond auction.

17/11/2011 | World

Merkel reiterates her opposition to ECB greater role in crisis

"I am convinced that only political solutions can resolve the situation," Merkel told an industry event in Berlin.

17/11/2011 | World

Italy: Clashes at protest against 'bankers' gov't'

Thousands of Italians took to the streets in several cities today to protest against what they called a "bankers' government" led by economist Mario Monti, and there were clashes with police.

17/11/2011 | World

New Italy PM wins confidence vote on tough reform plans

Italian Prime Minister Mario Monti comfortably won a vote of confidence in his new government on Thursday after promising rigour and fairness in painful reforms to dig the country out of a financial crisis that threatens the entire euro zone.

04/11/2011 | World

G20 set 'action plan' to save global economy

The G20, composed of the world's most powerful economies, come up with an "action plan" to save the world economic and stabilize the global monetary system, according to an official statement from the Group of 20.

16/11/2011 | World

European Central Bank steps in to counter bond rout

The European Central Bank stepped in to stem an accelerating sell-off of euro zone government bonds today, traders said, after the United States called for more decisive action to halt a spreading sovereign debt crisis.

16/11/2011 | World

EU's Barroso: euro zone must integrate to survive

The euro zone faces a systemic crisis and will not survive unless it becomes more integrated and disciplined, possibly through a change of the European Union's treaty, European Commission President Jose Manuel Barroso said.

01/11/2011 | World

Sarkozy, Merkel to speak later today

French President Nicolas Sarkozy will call German Chancellor Angela Merkel today after Greece's decision to hold a referendum on a 130 billion euro ($180 billion) bailout, the French president's office said.

03/11/2011 | World

Obama in Cannes: 'Our task is to resolve the financial crisis in Europe'

US President Barack Obama said today during the Group of 20 Summit in Cannes, France, that "the most important aspect of our task over the next two days is to resolve the financial crisis here in Europe."

03/11/2011 | World

G20: Greek PM ready to go, dump referendum, for euro deal

Fast-moving events in Athens overshadowed the first day of a summit of the Group of 20 major economies on the French Riviera, with anxious world leaders urging Europe to act to stop contagion from its sovereign debt crisis.

20/10/2011 | World

EU agrees on bank capital needs, split over bailout fund

The European Union has agreed that around 100 billion euros is needed to recapitalise the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the euro zone's bailout fund.

25/10/2011 | World

IMF considering participation in EU bailout fund

The International Monetary Fund is considering taking part in a special investment vehicle being proposed by the euro zone bailout fund but has not made a decision yet, euro zone officials said today.

26/10/2011 | World

Bare-bones EU debt deal news enough for buyers

US stocks rose as the slow progress from European leaders in resolving their debt crisis was enough to satisfy investors, even if early reports from an EU summit were short on detail. Stocks increased gains in the afternoon as the news emerged, continuing the market's recent rally.

17/10/2011 | World

Stocks, euro fall on German debt crisis comments

Wall Street stocks fell more than 1 percent as Germany's finance minister dampened expectations an upcoming summit would produce a breakthrough in Europe's debt crisis. Meanwhile, European shares turned negative after Schaeuble's remarks.

17/10/2011 | World

European watchdog urges banks to improve pay disclosure

Not a single major European bank is providing enough transparency and detail on staff pay, and disclosure needs to improve, Europe's banking watchdog said today.

19/10/2011 | World

Sarkozy says euro zone talks stuck on bailout fund

Plans to tackle the euro zone debt crisis have stalled with Paris and Berlin at odds over how to increase the firepower of the region's bailout fund, French President Nicolas Sarkozy said

12/10/2011 | World

Wall Street extends gains on euro-fund optimism; European shares hit nine-week high

US stocks rose on Wednesday as Europe's progress toward bolstering its financial rescue fund brought more battle-weary investors back into the market. Meanwhile, European shares hit a nine-week closing high after stronger euro zone economic data and news that Slovakia is set to sign off on a plan to expand the region's sovereign bailout fund.

12/10/2011 | World

EU Commission calls for action on Greece and banks

The president of the European Commission called today for EU leaders to bring forward the introduction of a permanent rescue mechanism for states to mid-2012 from mid-2013 and called for more rigorous capital standards for banks.

13/10/2011 | World

JPMorgan drags blue chips down, Nasdaq gains

The Dow and S&P 500 slipped after JPMorgan's earnings and China's soft trade data revived worries about the impact of slower growth on profits. Meanwhile, European shares finished lower, pulling back from the previous session's nine-week closing high.

10/10/2011 | World

Wall St extends rally on euro-zone hopes

US stocks jumped 3 percent, extending gains into a second week as a pledge by German and French leaders boosted hopes that the euro-zone debt crisis may be resolved.

11/10/2011 | World

Russia's Putin says little role for BRICS in euro crisis

Russian Prime Minister Vladimir Putin said that the crisis-hit euro zone had enough resources to resolve its own troubles without support from Russia and fellow BRICs countries.

11/10/2011 | World

EFSF brings down Slovak govt, but still set to pass

Slovakia's parliament brought down the government by rejecting a plan to expand the euro zone's EFSF rescue fund, crucial to containing a spreading debt crisis.

28/09/2011 | World

EU's Barroso calls on ECB to do whatever it takes in crisis

European Commission President Jose Manuel Barroso urged the European Central Bank to do everything in its power to maintain financial stability in the euro zone, saying the EU faced the biggest challenge in its 50-year history.

29/09/2011 | World

White House says US supports European actions on debt problems

The White House said that it supports actions that European leaders have taken on their debt problems and urged them to continue.

08/10/2011 | World

Europe eyes bolstering banks ahead of debt storm

European banks may need more than 100 billion euros (US$135 billion) to withstand the sovereign debt crisis, Ireland estimated, ahead of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to work out how to recapitalise the lenders.

24/09/2011 | World

World presses Europe on debt, US warns of bank runs

The United States, China and other countries piled pressure on Europe to comes to grips with its debt crisis before it risks causing bank runs and pushing the global economy into ruinous recession.

26/09/2011 | World

IMF reiterates Greece must shrink state to avoid default

International lenders told Greece today it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.

26/09/2011 | World

Greece: there were no orderly default talks with IMF, ECB

Greek Finance Minister Evangelos Venizelos dismissed reports that he has discussed a scenario of an orderly default by Athens with International Monetary Fund Chief Christine Lagarde and European Central Bank head Jean-Claude Trichet.

22/09/2011 | World

Obama urges Europe leaders to be forceful on economy

US President Barack Obama urged European leaders this week to take "forceful and decisive" action to confront current eurozone debt problems, White House spokesman Jay Carney said today.

23/09/2011 | World

G20 pledges to take actions to preserve stability

A statement issued after G20 talks in Washington said the 17-nation euro zone would implement "actions to increase the flexibility of the EFSF and to maximize its impact" by mid-October.

23/09/2011 | World

EU says 420 billion euros injected into Europe's banks

European banks have already received 420 billion euros in funds to help recapitalize and are in a much better shape than three years ago, the European Commission said.

21/09/2011 | World

Heathrow falls behind rival European airports

London's Heathrow is falling further behind rival European airports in the battle for lucrative routes to emerging markets, according to a study released.

22/09/2011 | World

World market's plunge suggests deepening worry about recession

Stocks plunged, extending a selloff to four days, as policymakers' failure to arrest global economic stagnation sent markets spiraling downward. The Dow Jones industrial average dropped 391.01 points, or 3.51 percent, to 10,733.83. European stocks also tumbled and snapped their four-day rally after data showed US employment growth ground to a halt in August.

22/09/2011 | World

Geithner: EU crisis, US politics, biggest threats to economy

US Treasury Secretary Timothy Geithner said that the European debt crisis and the political divisions in the United States were the biggest threats to the global economy.

20/09/2011 | World

Wall Street ends flat as early gains evaporate

US stocks ended little changed as investors waited to see if the US Federal Reserve would offer more economic stimulus and if Greece made progress in talks to avoid a default.

20/09/2011 | World

IMF warns US, Europe could slip into recession

Europe and the United States could slip back into recession next year unless they quickly tackle economic problems that could infect the rest of the world, the International Monetary Fund said today.

20/09/2011 | World

IMF: 'Global recovery is in a dangerous phase'

The global economic recovery is slowing, with world growth projected at 4 percent in both 2011 and 2012, down from over 5 percent in 2010, the IMF said in its latest forecast.

13/09/2011 | World

Bets on euro zone progress boost shares

US stocks gained as investors bought shares beaten down in recent weeks and bet European leaders would take action soon to ease the Greek debt crisis. Meanwhile, European stocks ended higher, staging a rally from two-year lows hit in morning trade led by recovering banks.

15/09/2011 | World

Major central banks expand dollar operations

Major central banks around the world will cooperate to offer three-month US dollar loans to commercial banks in order to prevent money markets from freezing up because of Europe's sovereign debt crisis.

19/09/2011 | World

Wall Street snaps winning streak on Europe uncertainty

US stocks fell on Monday but staged a late comeback after fears of a looming Greek debt default diminished on news of a possible deal to advance new bailout funds to Greece. Stocks spent most the session sharply lower after European leaders disappointed investors by failing to come up with any new solutions to the euro zone's sovereign debt crisis over the weekend.

05/09/2011 | World

Banks lead European shares to two-week closing low

European shares fell to their lowest close in more than two weeks on renewed worries about recession and euro zone debt, and with banks hit by a US lawsuit connected to the packaging of toxic mortgage debt.

05/09/2011 | World

ECB tells EU to step up reforms, says bond-buying temporary

The current and incoming head of the European Central Bank demanded that European governments quickly implement a strengthening of a regional bailout fund and press ahead with wider reforms.

09/09/2011 | World

Lagarde: 'Policymakers should take more action to support recovery'

Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said today, calling for bold action to weather a "dangerous new phase" of recovery.

18/08/2011 | World

US, Europe dangerously close to recession, Morgan Stanley reports

The United States and euro zone are "dangerously close to recession," Morgan Stanley said today, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.

23/08/2011 | World

Hopes for another Fed rescue drive 3% rally

US stocks shot 3 percent higher on speculation Federal Reserve Chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end.

01/09/2011 | World

US has 'enormous' debt problem: ECB's Stark

A debt crisis is still gripping the developed world, European Central Bank policymaker Juergen Stark said, adding there was no alternative but for countries to take painful steps to consolidate their public finances.

02/08/2011 | World

Italy under fire in widening euro debt crisis

Financial market pressure on Italy intensified, sucking Europe's second biggest debtor nation deeper into the euro area danger zone and prompting emergency consultations in Rome and among European capitals.

03/08/2011 | World

World stocks fall, gold up on economy worries

Stocks on major markets hit their lowest level this year and gold prices posted a new high as investors fretted about government spending cuts at a time of slowing global economic growth. But the S&P 500 erased losses after hitting its lowest level since early December, following seven days of declines.

09/08/2011 | World

Wall Street climbs at open; eyes on Fed

US stocks rose at the open in a rebound from the previous session's nosedive, but an upcoming Fed statement could spark a reversal if investors are not convinced it has a plan to combat a market meltdown.

18/07/2011 | World

Geithner urges EU act forcefully to contain crisis

"What Europe obviously needs to do is to act more forcefully to contain the risk of an escalating crisis in Europe," Geithner told CNBC television. "They have the capacity to manage this in a way that does not add to the broader burdens of the global economy."

20/07/2011 | World

Wall Street closes flat as debt worries offset earns

US stocks closed near unchanged, a day after Wall Street's best rally since March, as the oncoming debt ceiling deadline overshadowed strong earnings from Apple Inc.

02/08/2011 | World

Massive rout spells trouble for Wall Street

Wall Street dropped on worries about a possible downgrade of the United States' top credit rating and signs of economic weakness even as Congress passed a bill to avoid a debt default.

11/07/2011 | World

World stocks, euro fall, bonds gain on Italy concerns

Global stocks and the euro sank as fears that Italy could become the latest country caught up in the euro-zone debt crisis caused investors to sell risky assets and snap up safe-haven US Treasury debt, pushing the 10-year note's yield below 3 percent.

15/07/2011 | World

Eight European banks fail latest stress test

Eight European banks have failed a test of their ability to withstand a prolonged recession which did not build in the impact of a Greek default, the European Banking Authority said.

18/07/2011 | World

Wall Street falls on global debt worry; banks drag down

US stocks dropped as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe.European officials and bankers remained divided over steps to keep the fiscal woes of heavily indebted nations from spreadin

10/06/2011 | World

E.coli found in bean spout package, German officials say

German authorities said they detected the deadly E.coli strain in a bean sprout package from the organic farm under in Lower Saxony, which had already been under investigation.

11/06/2011 | World

Lady Gaga sings for worldwide gay rights in Rome

Pop queen Lady Gaga concluded a huge European gay rights march in Rome night with a rousing call to governments to defend gay rights.

06/07/2011 | World

Wall Street edges lower on Portugal, China

Transportation stocks were among the standouts in another flat session for US equities, and the sector's rally could be cause for optimism ahead.

02/06/2011 | World

US stocks edge lower; European shares hit by growth worries

US stocks ended a volatile trading day mostly flat as investors were reluctant to make bets a day before a critical labor market report that could magnify fears the economy is slowing.

03/06/2011 | World

Europe's lethal E.coli strain may be deadliest yet

More than 1,600 people have been infected by a toxic strain of E.coli bacteria that has killed at least 17 and may be the deadliest yet in human history, health officials said. E.Coli spread among people through human contact, World Health Organization said today.

06/06/2011 | World

EU may agree aid for farmers hurt by E.coli outbreak

European Union farm ministers will try tomorrow to agree financial aid for fruit and vegetable producers whose sales have been hit by an E.coli outbreak that has so far claimed at least 22 lives in Europe.

26/05/2011 | World

Wall Street bounces back for a second day, Europe shares end lower

US stocks rose for a second day, erasing early losses in a volatile day as earnings helped technology and consumer discretionary stocks after a substantial fall for equities this month. The FTSEurofirst 300 index of top European shares ended 0.1 percent lower

26/05/2011 | World

Iceland volcano producing steam, no airspace closures

Iceland's volcano is producing mostly steam rather than ash and should calm down within a few days, national police said encouraging hopes there will be no further disruption to flights in northern Europe.

27/05/2011 | World

G8 Leaders pledge initial US$20 billion to back Arab Spring

Group of Eight leaders promised US$20 billion in aid to Tunisia and Egypt today and held out the prospect of billions more to foster the Arab Spring and the new democracies emerging from popular uprisings.

29/04/2011 | World

German police arrest three al Qaeda suspects

German police arrested three suspected members of al Qaeda, averting "a concrete and imminent danger" of a terrorist operation, authorities said.

20/05/2011 | World

Europeans race to nominate Strauss-Kahn successor

European leaders raced today to nominate a successor for fallen IMF chief Dominique Strauss-Kahn before a G8 summit in France next week, with French Economy Minister Christine Lagarde in pole position.

25/05/2011 | World

Wall Street advances; European stocks bounce back

US stocks ended a three-day losing streak on Wednesday as recent underperformers led a thinly traded rally that wasn't seen as strong enough to overcome worries about waning global demand.

26/04/2011 | World

European govermentts condemn Syria, security forces deploy

Security forces deployed in a suburb of the Syrian capital and in the city of Banias, witnesses said, even as President Bashar al-Assad drew international criticism for sending in tanks to crush a revolt.

27/04/2011 | World

European push for UN condemnation of Syria fails

A European push for the UN Security Council to condemn Syria's violent crackdown on anti-government protesters was blocked by resistance from Russia, China and Lebanon, envoys said.

28/04/2011 | World

Dow transports hit record, lifting Wall Street

The Dow Jones transports closed at an all-time high, leading US stocks higher and signaling more gains due to its role as a touchstone of economic demand.

08/04/2011 | World

Portugal must agree 'harder' reforms to get aid, euro zone ministers say

Euro zone finance ministers told Portugal that it would have to implement new economic reforms that went beyond those proposed by its outgoing government if it hoped to secure aid from the EU and IMF.

11/04/2011 | World

Markets fall on earnings caution, energy selloff

Stocks mostly fell on as energy shares sold off on lower oil prices and the onset of earnings season was clouded by concern company outlooks may fall short of expectations.

21/04/2011 | World

McDonald's warns of higher food inflation

McDonald's Corp forecast higher prices for beef, dairy and other items and said it would cautiously raise prices to keep attracting diners, who are grappling with higher grocery and gas bills.

07/04/2011 | World

Wall Street slips on Japan aftershock; retailers rise

Wall Street slipped after a major aftershock in Japan reignited fears about nuclear crisis, but greater faith in the US economy's steady path held losses in check. 

07/04/2011 | World

ECB raises interest rates to 1.25%

The European Central Bank raised interest rates by 25 basis points to 1.25 percent, announcing its first hike since July 2008 to counter firming inflation pressures in the 17-countryeuro zone.

08/04/2011 | World

Wall Street falls in late sell-off, volume light

US stocks fell late as a spike in oil prices revived worries that inflation would derail the recovery, jolting a market that had been treading water ahead of corporate earnings.

30/03/2011 | World

Wall Street rides winners at quarter's end

US stocks rose with activity dominated by money managers buying recent winners, including energy and small-caps, as the quarter nears its end.

31/03/2011 | World

Wall Street ends a strong quarter optimistic on payrolls

US stocks ended a solid quarter with the barest of moves, as investors looked ahead to Friday's US jobs report to provide a catalyst to push indexes to new highs for the year.

01/04/2011 | World

Wall Street gains on job growth; earnings next hurdle

US stocks started a traditionally healthy month on strong footing after solid jobs figures, but the S&P 500 may need help to break to new multi-year highs.

16/03/2011 | World

Markets tumble on Japan but pull off lows

The S&P 500 and Nasdaq turned negative for the year on 2011's highest volume in a sharp selloff as investors feared Japan's nuclear crisis could worsen.

18/03/2011 | World

Wall Street rises but investors see more volatility

US stocks gained after a week of heightened volatility, but investors were reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis.

25/03/2011 | World

Oracle drives Wall Street higher; volume stays weak

Wall Street advanced for a third straight day, giving the S&P its best weekly performance since early February, but volume remained light as global uncertainty persisted.

09/03/2011 | World

Chip sector losses hit Nasdaq; IBM supports Dow

A weak outlook from Texas Instruments weighed on the Nasdaq and pushed an index of chip makers below a key technical level in a worrisome sign for the market's six-month uptrend.

10/03/2011 | World

EU: Europe at no risk of Gaddafi oil 'blackmail'

The European Union is in no danger of an oil shortage caused by the fighting in Libya and cannot be blackmailed by leader Muammar Gaddafi, European Energy Commissioner Guenther Oettinger said.

11/03/2011 | World

Energy leads Wall Street after Saudi protests fizzle

US stocks closed the week on a high note, on relief that unrest did not engulf top oil producer Saudi Arabia, calming some investors who worried the market was entering a near-term slide.

17/02/2011 | World

Recent leaders juice up Wall Street

US stocks opened down as indexes hovered at multi-year highs after both inflation and weekly claims for jobless benefits came in higher than expected.

20/02/2011 | World

EU calls for immediate end of violence in Libya

The European Union's foreign policy chief Catherine Ashton called on the Libyan authorities to immediately put a stop to violence against anti-government protesters and begin broad-based dialogue on reforms.

21/02/2011 | World

Europe shares fall sharply on Libya woes

European shares fell sharply after unrest in Libya fuelled concern over energy supplies and sapped investor risk appetite, with Italian stocks among the hardest hit.

31/01/2011 | World

Wall Street gains on earnings, economy

US stocks rose as solid earnings, merger activity and better-than-expected economic data renewed some of the risk appetite that evaporated last week on uncertainties over stability in the Middle East.

14/02/2011 | World

Wall Street edges up

Energy and commodity shares lifted Wall Street to modest gains, but the lowest volume so far this year indicated the equity rally may be near a top.

16/02/2011 | World

S&P rises, doubles its 2009 low

The S&P 500 rose to twice its value from just two years ago, a bounce whose vigor has not been seen since the Great Depression.

29/12/2010 | World

Markets close slightly higher, strong December seen

The S&P 500 headed for its best December in nearly two decades as US stocks advanced in thin trade, lifted by investor optimism about the economy in 2011. European shares ended higher.

30/12/2010 | World

Wall Street rally eases into year-end

US stocks closed slightly lower as a trio of better-than-expected economic data wasn't enough to entice buying in a market sitting on strong gains just before the new year.

03/01/2011 | World

Wall Street climbs in first session of 2011

Stocks greeted the new year with a rally as encouraging signs about the outlook for manufacturing around the world prompted investors to inject new money into the market.

21/12/2010 | World

Wall Street rises as earnings, M&A heightens optimism

Stocks rose as solid earnings and a flurry of merger activity underpinned a steady upward trend that reinforced investor optimism for the coming year. Meanwhile, European shares hit a fresh 27-month closing high.

24/12/2010 | World

European shares fall in light trade, Nikkei down

European shares slipped back slightly, at the start of a shortened session, with many stock markets closed, while Japan's Nikkei average dropped 0.7 percent, coming off a seven-month high.

24/12/2010 | World

Heavy snow strands Christmas travelers in Europe

Heavy snow stranded thousands of Christmas travelers in Europe, with Belgium's main airport closed for landing and icy roads in Sweden choked with traffic.

14/12/2010 | World

Markets close flat as Fed sparks late-day sell-off

US stocks cut gains to end mostly flat after a late-day sell-off as yet another cautious statement from the Federal Reserve on the economy offset strong retail sales data for November. Meanwhile, European shares rose in thin volume to gain a seventh straight session, as upbeat US retail sales figures reinforced confidence in the pace of economic recovery.

16/12/2010 | World

Wall Street ends up with upbeat FedEx outlook

US stocks ended higher as economic bellwether FedEx offered a bullish profit outlook in a hopeful sign for growth. Meanwhile, European equities ended higher, helped by gains in food and beverages shares following a jump in Danisco stocks on strong results, though worries about euro zone debt weighed on sentiment.

20/12/2010 | World

Snow and ice disrupt pre-Christmas travel in Europe

Europe saw little respite from the Arctic conditions that closed airports and disrupted travel over the weekend before Christmas, traditionally one of the busiest times of the year.

02/05/2012 | Latin America

US, EU 'concerned' over Morales' expropriation

Evo Morales Government’s decision to nationalize the main power transport company that was in hands of Red Eléctrica Española (REE) generated claims from Spain, but United States and the European Union showed their “concern.”

09/06/2012 | Latin America

Humala begins Europe visit

Peru's president Ollanta Humala, travelled to Europe today, where he will stay for the total of one week and visit Switzerland, France and Germany.

19/04/2013 | Latin America

Mantega chastises US, Europe over delays in IMF reform

Brazilian Finance Minister Guido Mantega harshly criticized the US and Europe over their decision to stall a reform of the International Monetary Fund (IMF), currently being demanded by many developing countries.

28/08/2012 | Sports

Europe's Ryder Cup team is perfect says Gallacher

Europe captain José Maréa Olazabal was right to ignore triple major winner Padraig Harrington's claims for a wildcard pick and his 12-man team is just about perfect, said former skipper Bernard Gallacher.

30/09/2012 | Sports

US and Europe target fast starts to end Cup

Going into Sunday's concluding singles matches at the Ryder Cup, the heavily favoured United States team hope to continue their free-wheeling style of play while Europe have been left banking on a miracle comeback.

29/12/2010 | Sports

Messi, best football player in Europe

Argentina’s national football team and Barcelona's forward, Lionel Messi, has been chosen the best football player in Europe for the second consecutive time in a survey made by journalists which has been published in the Uruguayan news paper, El País.

12/02/2011 | Sports

Former top Bulgarian referee says he was bribery target

Former top Bulgarian referee Hristo Ristoskov says he was targeted to help fix a European game in 2007.

21/04/2012 | Sports

Ronaldo strike helps Real stun Barcelona

Real Madrid have one hand on a first La Liga trophy in four years after Cristiano Ronaldo scored a brilliant winner in a 2-1 victory at Barcelona on Saturday that stretched their lead over their bitter rivals to seven points with four games left.

21/05/2012 | Entertainment

Cannes film festival abuzz as dark tales shine

The Cannes film festival is buzzing this year with a string of hit movies in the official lineup, a procession of stars on the red carpet and plenty of eagerly awaited titles still to come.

30/05/2012 | Entertainment

Springsteen lashes out at bankers in Berlin show

Rocker Bruce Springsteen touched on a nerve of widespread discontent with the financiers and bankers at a Berlin concert, railing against them as "greedy thieves" and "robber barons."

22/10/2012 | Entertainment

London film festival closes, boasts record crowds

The London film festival ended with the European premiere of Mike Newell's "Great Expectations" and the release of figures showing public attendance at screenings across the capital this year had risen 12 percent to a record 149,000.

14/05/2013 | The World

‘Everything on the table’ in US-Europe trade talks

British Prime Minister David Cameron said yesterday a proposed free trade agreement between the European Union and United States should cover all sectors and industry, drawing a stark contrast with France, which wants to leave out sensitive cultural industries.