Siemens says earnings, orders down in 1st quarter
January 23, 2013 | 15:03
German engineering giant Siemens said Wednesday earnings and orders were down in the first quarter, but it was nevertheless sticking to its full-year targets.
Eurozone ministers wrestle with Greek debt, IMF split
November 20, 2012 | 09:13
Eurozone finance ministers will try Tuesday to reach a framework agreement on crucial aid to Greece and heal a split with the International Monetary Fund over a key Greek debt reduction target.
France, Spain urge action to curb market rates
August 31, 2012 | 08:38
France and Spain united Thursday in calling for decisive eurozone action to curb crippling borrowing rates, which threaten to push Madrid into seeking a full bailout.
European stocks, euro waver in pre-EU summit trade
June 27, 2012 | 11:13
European stock markets and the euro wavered in cautious trading on Tuesday, a day after sharp losses and ahead of a key EU summit on how best to tackle the eurozone debt contagion.
Spain imposes drastic reform to clean up banks
May 12, 2012 | 08:45
Spain announced Friday drastic reforms forcing banks to set up a new 30-billion-euro ($39 billion) financial cushion and to remove risky property assets from their accounts.
Greece to swap another 20.27 bn euros in bonds
April 05, 2012 | 16:34
Greece said Thursday another 20.27 billion euros ($26.7 billion) in government bonds would be exchanged next week under a landmark bond swap that has already erased nearly a third of its debt.
IMF approves second rescue loan for Greece
March 16, 2012 | 08:23
The International Monetary Fund on Thursday approved a second rescue loan for debt-riddled Greece, joining the European Union again in an attempt to save the country from bankruptcy.
Spain wins big deficit concession from eurozone
March 13, 2012 | 08:42
Spain wrung a major concession from the eurozone Monday, winning leeway in its struggle to tame a runaway public deficit amid rampant unemployment.
European stocks advance, euro drops on Greek debt swap
March 12, 2012 | 08:48
European stock markets rose Friday but the euro flagged after Greece clinced a debt swap that set the stage for a second bailout to avert a new eurozone crisis.
Eurozone ministers to meet on Monday on Greece
March 12, 2012 | 08:44
Eurozone finance ministers meet on Monday in Brussels to give their final approval to the second Greek bailout and discuss tightening measures to prevent a repetition of the crisis.
Confidence on Greek debt swap as deadline passes
March 09, 2012 | 10:43
Stricken eurozone member Greece seems to have clinched a high-stakes debt swap as a deadline for bondholders to accept huge losses on their Greek holdings passed, opening the way for an urgent bailout.
European stocks, euro rally on optimism for Greek debt
March 09, 2012 | 09:10
European stock markets rose robustly on Thursday on optimism that the Greek debt swap would be successful.
EU bids to close book on Greece, re-boot economy
March 02, 2012 | 08:51
EU leaders cleared all but the final hurdles to an unprecedented new Greek bailout Thursday as they began debating ways to turn the page on the debt crisis and inject fresh life into strained economies.
Eurozone delays crucial Greek bailout decision
February 15, 2012 | 08:29
Eurozone finance ministers put a new Greek bailout on hold Tuesday after Athens failed to meet conditions set by lenders in return for a rescue package Athens desperately needs to avoid default.
Asian markets mixed amid hopes of Greek deal
January 28, 2012 | 10:07
Asian markets were mixed Friday as tentative hopes that Greece will be able to agree a deal with creditors on writing down some of its debt were capped by underwhelming US economic figures.
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