News
Germany Votes to Approve 22.4 Billion Euro Bail-out Plan for Greece
08:20 07.05.2010 |
World
Germany 's lower house of parliament has voted to approve a 22.4bn euro (£19bn) bail-out plan for debt-ridden Greece, despite widespread public opposition.
Newsweek To Be Sold for Losing Money
07:23 06.05.2010 |
Business
Washington Post Co. is exploring a sale of Newsweek magazine, the money-losing publication it has owned since 1961, as readers defect to Internet competitors.
Euro Climbs Against US Dollar After Record Lows
03:42 06.05.2010 |
Business
The euro edged up against the dollar on short-covering on Thursday, after sliding to a fresh 14-month low earlier, and as investors shifted focus to a European Central Bank meeting later in the day.
German Chancellor Angela Merkel Warns of Financial Contagion in Euro Zone
07:56 05.05.2010 |
Business
German Chancellor Angela Merkel and the head of the IMF warned of financial contagion on Wednesday unless a euro zone debt crisis is stopped in Greece, while investors fled to the safe havens of the dollar and gold.
Currency Traders Unimpressed with Greece's 110 Billion Euro Bailout
09:49 04.05.2010 |
Business
Currency traders remained less than impressed Tuesday by the 110 billion euro ($145 billion) bailout of Greece finalized over the weekend with the European Union and the International Monetary Fund, with the single currency slipping to a fresh one-year low versus the U.S. dollar.
The euro halted its fall against the dollar
04:26 29.04.2010 |
Business
The euro inched higher against the U.S. dollar Thursday in Asian trade, but remained close to recent lows amid concerns about a worsening sovereign debt crisis in the euro zone. The euro rallied back above $1.3200 after it fell below the key psychological level early in the session. Analysts said there's still a significant chance that the single...
