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  • Greece Downgraded Again -- Just Not How You Think Wednesday, 12 Jun 2013 | 9:42 AM ET

    Late Tuesday, MSCI downgraded Greece as an "emerging market," effectively bringing the country full circle from when it was upgraded to a developed market.

  • Greece Back in Crisis After TV Shutdown Wednesday, 12 Jun 2013 | 8:01 AM ET
    Greek main opposition party leader Alexis Tsipras (C) talks with employees of the ERT public broadcaster to express his support at the headquarters studio in Athens on June 11, 2013.

    Greece's fragile government faced protest on Wednesday over the sudden closure of state broadcaster ERT, hours after seeing its bourse downgraded to emerging market status.

  • Surprise Rise in Euro Zone Industrial Output Wednesday, 12 Jun 2013 | 7:24 AM ET

    Industrial output from euro zone factories defied market expectations and rose in April, but expansion was slowed by a drop in production of energy and durable consumer goods.

  • UK Job Market Perks Up in Latest Sign of Recovery Wednesday, 12 Jun 2013 | 5:46 AM ET

    The number of Britons claiming unemployment benefit fell more than expected in May to its lowest in two years.

  • 'Uneasy Calm' in Euro Zone Bonds Could Be Over Wednesday, 12 Jun 2013 | 3:49 AM ET

    Attention may be focused on rising yields in major economies, but Europe's peripheral bond yields are also on the rise again.

  • Vodafone Bids $13.3 Billion for German Cable Giant Wednesday, 12 Jun 2013 | 3:37 AM ET

    British mobile operator Vodafone said on Wednesday it had made an offer to buy Germany's biggest cable company Kabel Deutschland.

  • Turkish Police Clear Square After Night of Turmoil Wednesday, 12 Jun 2013 | 3:33 AM ET

    Turkish riot police fought running battles with pockets of protesters overnight, clearing the central Istanbul square that has been the focus of nearly two weeks of protests.

  • Sainsbury Outshines Tesco with Quarterly Sales Rise Wednesday, 12 Jun 2013 | 2:16 AM ET

    J Sainsbury, Britain's No. 3 supermarket chain, met forecasts for underlying sales growth in its first quarter, outperforming major rivals.

  • Want to Attend G8? Britain Tells Leaders to Pay Up Wednesday, 12 Jun 2013 | 1:54 AM ET

    Two days of accommodation at a lakeside golf hotel in Northern Ireland don't come cheap- and Britain has irritated its fellow Group of Eight states by sending them hefty advance bills for the summit it is hosting there.

  • MSCI Lowers Greece to Emerging Market Status Wednesday, 12 Jun 2013 | 1:49 AM ET

    Equity index provider MSCI on Tuesday lowered Greece to emerging market from developed market status, citing failure to qualify on several criteria for market accessibility.

  • ECB Board Member: Room to Cut Rates Further Wednesday, 12 Jun 2013 | 1:21 AM ET

    The European Central Bank has room to cut interest rates further, Executive Board member Peter Praet said on Tuesday, adding that the central bank is paying "great attention" to euro zone inflation.

  • Turkish Police and Protesters Clash Again Wednesday, 12 Jun 2013 | 12:14 AM ET

    Taksim Square erupted in chaos on Tuesday night as the police hit protesters with tear gas and water cannons, sending thousands of people fleeing streets. The New York Times reports.

  • Greek State TV, Radio Broadcasts Go Off the Air Tuesday, 11 Jun 2013 | 7:37 PM ET
    Thousands of demonstrators gather outside the Greek public television and radio broadcaster ERT headquarters in Athens northern suburb, after Greece's government announced on June 11, 2013 the immediate closure of ERT in a move that reportedly affects about 2,700 jobs

    Greek state TV and radio went off air Tuesday, after the government said it would temporarily close state-run broadcasts and lay off 2,500 workers.

  • GlaxoSmithKline Fires R&D Boss in Data Scandal Tuesday, 11 Jun 2013 | 6:35 PM ET
    A worker in vaccine production at drugmaker GlaxoSmithKline in Saint-Amand-les-Eaux, France.

    GlaxoSmithKline fired the head of its R&D operations in China after a tipster spurred an inquiry that found "misrepresented" data were used in a multiple sclerosis study.

  • Turkish Turmoil: Scenes From the Protests Tuesday, 11 Jun 2013 | 6:10 PM ET
    Protesters respond as riot police use tear gas to disperse the crowd during a demonstration near Taksim Square on June 11, 2013 in Istanbul, Turkey. Istanbul has seen protests rage on for days, with two protesters and one police officer killed

    A series of protests in Turkey against the government of Prime Minister Tayyip Erdogan has rocked that country, rattling investor confidence. Click here to see more.

  • Airbus Sets First Flight of New A350 Tuesday, 11 Jun 2013 | 5:16 PM ET

    With next week's Paris Air Show just around the corner, Airbus announced on Tuesday that the first flight of its new A350 XWB (extra wide body) jet will take place on Friday.

  • Floods Could Cost Germany Billions in Damage Tuesday, 11 Jun 2013 | 2:29 PM ET
    Firemen evacuate residents from a district flooded by the Saale river in Meissen, Germany. Flooding in some areas of eastern and southern Germany is the worst in 400 years. At least four people are dead and tens of thousands have been forced from their homes.

    Floods that have devastated parts of Germany could briefly impede growth in Europe's biggest economy and result in an economic loss of 12 billion euros.

  • Apollo Snaps Up $155 Million of Premier Foods Debt Tuesday, 11 Jun 2013 | 1:32 PM ET
    ars of Branston Pickle, produced by Premier Foods Plc, are displayed for sale at a supermarket in London, U.K.

    Apollo Global Management has snapped up £100 million ($155 million) of debt in Premier Foods, Britain's biggest branded goods company.

  • In Spain's Crisis, Hide the Oranges Tuesday, 11 Jun 2013 | 1:19 PM ET
    A farmer in Valencia, Spain shows off his crop of oranges. The area is famous for producing high quality fruit.

    Spain's crisis has created orange grove gangs who rob agricultural commodities worth thousands.

  • Clashes as Turkish Riot Police Enter Taksim Square Tuesday, 11 Jun 2013 | 12:11 PM ET

    Turkish riot police fired water cannons and teargas at hundreds of anti-government protesters in Istanbul's Taksim Square on Tuesday, but the country's prime minister remained defiant.

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