Monday marks the last day on the job for European Central Bank President Jean-Claude Trichet, after a bumpy eight-year ride characterized by the Great Recession and Europe’s ongoing debt crisis.
European leaders may have „saved” Greece last week but investors are now worried about an even bigger problem: Italy.
As the last remaining U.S. troops leave Iraq, oil production from the war-torn but oil rich nation is finally starting to ramp up.
The Japanese government stepped in Monday to weaken the yen, after it climbed to a post-World War II high against the dollar.
Few outside of Wall Street have noticed the drama swirling around broker MF Global this week. But they should be paying attention.
Investors took a critical view of Europe’s master plan Friday, after a tepid auction of Italian bonds highlighted that confidence is still lacking.
Appliance manufacturer Whirlpool Corp. announced Friday that it’s cutting 5,000 jobs, mostly in North America and Europe, and closing a refrigerator factory in Arkansas.
The northern Scandinavian landscape is dotted with fjords, lingonberries and, if you believe some locals, elves. But another sight is increasingly common on the Arctic horizon: data centers.
Still recovering from the Japanese earthquake, tsunami, and nuclear meltdown disaster, Asian automakers are now getting hit by another ecological nightmare: floods.
Hewlett-Packard announced Thursday that it will continue selling personal computers after all, reversing an earlier decision to exit one of its core business lines.
It was a beautiful day for risky assets as investment banks raced to sell new bonds and investors gobbled up Europe’s sovereign debt.
At long last, European leaders took a significant step forward on the long road toward resolving the eurozone’s debt crisis.
New dad Nicolas Sarkozy is apparently hoping for a great baby gift from China president Hu Jintao. A couple of hundred billion euro or so should do.
A massive cyberattack that led to a vulnerability in RSA’s SecurID tags earlier this year also victimized Google, Facebook, Microsoft and many other big-named companies, according to a new analysis released this week.
The U.S. has lost its indisputable lead in several industries and disciplines, but it still dominates how executives the world over think about management. Change is afoot, though.
World stocks surged Thursday after European Union leaders hammered out a bond deal to fix the Greek debt crisis.
Saudi Arabia, one of the world’s largest oil producers, may soon cut oil production.
European Union leaders announced an agreement early Thursday on debt crisis measures, including a hard-fought deal with private sector investors to write down Greek bonds by 50%.
European Union officials said Wednesday they’ve reached a „broad agreement” on a plan to boost bank capital, but negotiations with private sector bondholders over Greek debt remained deadlocked.
European Union officials said Wednesday that they’ve reached a „broad agreement” on a plan to boost bank reserves.
Gold seems to be regaining its luster. The precious metal has rallied more than $100 in less than a week as investors turn to the precious metal as a safe haven amid concerns about Europe and signs of slow global economic growth.
Research in Motion’s turnaround effort has hit yet another roadblock: The BlackBerry maker said Wednesday that it is delaying a much-needed update to the PlayBook tablet’s operating system until February 2012.
Boeing’s long-delayed 787 Dreamliner made its first commercial flight to the rave reviews of passengers who scrambled to be onboard the history-making aircraft.
As European Union leaders gather Wednesday for another crisis summit, German lawmakers backed a proposal to enhance the powers of Europe’s rescue fund.