While the United States is dealing with high unemployment and Europe struggles to resolve the financial crisis that plagues its economy, China has also become a fresh source of worry.
The debt crisis in Greece cannot end well.
World markets plummeted Friday, plagued by insecurity over Europe and fears that the euro zone stability fund might not be enough to pull the continent out of its ongoing debt crisis.
European markets were mixed at the Thursday close following the German parliament’s approval of an expansion of the euro zone’s bailout fund.
Trade deals with Colombia, South Korea and Panama have the potential to be a slam dunk in Congress — but they may never make it that far.
The German parliament voted Thursday to expand the bailout fund for European member states, helping to ease fears of a potential Greek default for the time being.
As a proposed overhaul of the European bailout fund inches its way toward approval, investors and economists are already calling for more aggressive measures to contain the eurozone debt crisis.
Stocks rallied Tuesday, ending higher for a third day, as investors grew more optimistic about Europe’s debt crisis being resolved.
FORTUNE — Unlike Google, Baidu, China’s largest search engine, cooperates with the government’s policy of censorship. The western press commonly asks the company’s CEO, Robin Li, how he justifies such a decision. Naturally, Li’s responses are generally quite deferential to the government. An unfavorable onlooker might even consider some of his rhetoric to veer precariously close to pandering. Case in point, Li’s dictum on big tech in China: „walking the path of socialism with Chinese characteristics is the well-spring of…
U.S. stocks rallied Tuesday as investors grew more optimistic about Europe’s debt crisis being resolved.
Gold officially lost its status as a safe haven last Friday, when the precious metal inked its sharpest drop since 1980.
U.S. stocks rallied at Tuesday’s open as investors grew more optimistic about Europe’s debt crisis being resolved.
Greek Prime Minister George Papandreou „can guarantee that Greece will live up to all its commitments,” he said Tuesday to an audience of German business leaders.
World markets surged Tuesday on hopes that European leaders are getting more aggressive in coming up with a debt crisis resolution, adding fuel to the banking sector.
There’s no shortage of debate as to whether the Obama administration and Congress have done the right things in attempting to avert a debt crisis and revive the stalled economy.
The real competitive advantage will come to countries and companies who differentiate their offerings through education, innovation and productivity.
As sovereign debt and banking problems continue to swirl in Europe, investors are looking to key votes this week in several euro area capitals on a plan to create some stability.
As the European debt crisis heated up, fund managers started moving money market funds out of European banks, with the French banks feeling the biggest impact.
Finance ministers and central bankers from the world’s largest economies reiterated their pledge to stabilize the global economy, but they failed to impress investors, who are eager for the Group of 20 to take action.
As if the European markets needed more bad news, Moody’s Investors Service downgraded eight Greek banks on Friday.
Hewlett-Packard’s board on Thursday ousted CEO Leo Apotheker after just 11 months on the job, replacing him with Meg Whitman.
„The sky is falling! The sky is falling!” That’s what copper traders must be thinking today, as prices plunged almost 8% amid mounting fears that the global economic slowdown may turn into an outright recession.
The recession alarm bells were ringing across the globe Thursday, spooking investors and economists alike.
The world’s financial markets took a beating Thursday as investors saw signs of economic weakness around the globe.