Moody's Investors Service has changed its outlook on the Aaa rating of the European Union to “negative,” warning it might downgrade the bloc if it decides to cut the ratings on the EU's 4 biggest budget backers: Germany, France, the U.K., and the Net
Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has moved his family near Cambridge, England, where he will take the reins at a company, and transferred his savings from Spanish banks to British banks.
Brent futures rose for a fourth day to around $116 per barrel, helped by persistent hopes for stimulus measures from central banks in the United States and Europe, with key policy meetings scheduled for this week and next.
Prices were also underpi
Germany's Constitutional Court holds the fate of the euro in its hands when it rules next week on whether a crucial euro zone financial rescue fund can go ahead.
The last decade saw the end of cheap oil, the magic growth ingredient for the global economy after the second world war. This summer’s increase in maize, wheat and soya bean prices
Tucked away in this Tuscan city, the oldest bank in the world has survived the Borgias, pestilence and too many wars to count. Now, a mundane foe has proved far more dangerous: Italian government debt.
Web designer Apostolos Sianos and three friends startled Greek villagers when they quit well-paid jobs in Athens to set up a self-sufficient commune that lives in yurts and grows its own vegetables.
The official reading of manufacturing output in China unexpectedly contracted for the first time in nine months, new data from the National Bureau of Statistics and China Federation of Logistics and Purchasing shows.
The Revolution Is Over, Long live the revolution! by Bretigne Shaffer. / That 'Fiscal Cliff' Ahead by Charles Goyette / I Was Booed in Tampa by Walter Block / The RNC Proves One Thing, It's impossible to take over or reform the GOP, by Joel Skousen.
China’s top banks are stepping up their lending activities in the US as large US companies diversify their funding sources and seek to penetrate more deeply into the world’s second-largest economy.
German Chancellor Angela Merkel has arrived in Beijing for talks with Chinese leaders on expanding trade and solving Europe's debt problems They are to sign a series of business agreements and German officials say Merkel will brief Chinese leaders
Chinese non-performing loans (NPL) reached 456.4 billion yuan at the end of the second quarter, but the non-performing loan ratio held steady at 0.9 percent.
Nowadays the energy picture is confusing at best as the more information we are shown the murkier the picture seems to become. Mixed messages, poor reporting and a media hungry to sensationalize anything it thinks can grab a headline have led to many
• www.reuters.com, By Luke Baker and Deepa Babington
The euro zone debt crisis was born in Greece. Nearly three years and two bailouts on, Europe must decide whether to give the country yet more help or cut it loose.