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.

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.

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.”

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.