Reports that Greece has not met any of the fiscal targets set by the International Monetary Fund (IMF) and the European Union (EU) as part of its 110 billion euros ($157 billion) bailout knocked down the euro Monday, as other countries in the euro zone are threatened with being dragged into the Greek morass.
European shares were set to open flat to slightly lower on Monday, tracking falls in Asia, with volumes expected to be thin as Britain's market was closed for a holiday.
The IMF is sticking to a program that "does not contemplate" Greek debt restructuring, acting managing director John Lipsky told CNBC on the sidelines of the G8 conference in Deauville, France.
The first thing Silvia Huelves was told when she started studying architecture was that she should take up Chinese or Japanese -- she was never going to build anything in Spain any time soon.
Despite "a machine gun" being taken to equity markets this year, the asset class' longer term poor performance has masked its considerable resilience, Guy Monson, fund manager at Sarasin & Partners, said.
Fears over the continuing European sovereign debt crisis and weaker than expected economic data from the US helped to push the price of US Treasurys up and take yields to a six month low on Thursday as investors looked for safety.
European shares are set to open sharply higher on Friday, mirroring gains in Asia and on Wall Street, with firmer commodity prices seen supporting miners and oils.
While markets have sold off in recent days on mounting worry that Greece and other peripherals might default on their debt, options investors have shown unwavering faith in Germany, the stalwart nation that's been pulling much of the region's weight.
The arrest of war criminal Ratko Mladic, alleged architect of the Srebrenica massacre in 1995, tears down one of the remaining barriers preventing Serbia joining the European Union.
The Doha round of negotiations on world trade faces collapse unless world leaders can reach a final agreement to lift trade tarrifs before the end of the year, a new report by the governments of the UK, Germany, Turkey and Indonesia warned on Wednesday.
European luxury hotels recorded strong growth in 2010 which continued into the first quarter of this year, driven by travelers from outside Europe returning to the region, new research showed.
European stock index futures pointed to a higher open on Thursday, adding to the previous session's recovery rally, as a report that China is interested in buying "bailout bonds" for Portugal helped improve sentiment.
Many analysts in the region are bullish on Saudi Arabia, compared to other markets in the Middle East, and recent data support that view.
High street bookstores need to become richer experiences if they are going to succeed, according to the CEO-elect of Waterstone’s, the UK’s largest bookseller.
The policy of no default, no change to euro membership and providing a bailout fund has not worked, writes Moorad Choudhry, Head of Business Treasury, Global Banking & Markets, Royal Bank of Scotland.
The collapse of a BP share-swap deal with Russian state oil company Rosneft is just one of a string of failures which show that Russia is "uninvestable", according to William Browder, once the country’s largest portfolio investor.
The US and Japan “have yet to produce credible medium-term plans” to stabilize their debt, while other countries need to provide more clarity on how their fiscal consolidation targets will be met, according to the Organisation for Economic Cooperation and Development’s 2011 Economic Outlook, which says that risks to the global recovery remain significant.
Greece should receive another tranche of aid from the European Union to enable it to have a second chance and restructure later, according to an analyst.
A Munich Re unit has cancelled a trip to Monaco for top executives after details of a sex party in Budapest emerged and it became clear that the so-called incentive trips for sales execs have not been a single event.
For years America has warned, lectured and cajoled the Chinese to allow the yuan to rise in a bid to end the fiscal imbalances that have seen more and more US debt sit in the People’s Bank of China's vaults.