 Plug pulled on Iranian oil exportsIran will stop its oil exports to Europe, Oil Minister Rostam Qasemi said Saturday.
The development comes after the European Union endorsed the measures adopted by the foreign ministers of the... | |
| Euro zone loses patience with Greece 11:39pm GMT By BRUSSELS (Reuters) - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would... |
| Crude Oil Prices: Traders and Investors Turn To The Dollar and Euro (USO, DBO, COP, Sara Nunnally: There are a host of factors affecting crude oil prices. Lately, though, it boils down to the value of the dollar. The way things are going? that??s not good news.(...)Read the rest... |
| The Euro Zone and the Crisis of Sovereign Debt The creation of the euro zone may have given participants one currency, but it created other problems as well. One interest rate was supposed to fit all. Those sovereigns on the financial periphery... |
| Bets on Raw Materials Expanding Fastest Since 2006: Commodities Feb. 3 (Bloomberg) -- Investments in commodities are expanding at the quickest pace in six years on signs of rising economic growth, even as JPMorgan Chase & Co. and Goldman Sachs Group Inc. warn... |
| Greek Bailout Hangs on ‘Razor’s Edge’ as Reforms, Cuts Sought Feb. 5 (Bloomberg) -- Greece’s efforts to win a second bailout from international creditors teetered in the balance as negotiations in Athens failed to clinch an... |
| Hamish McRae: We can survive a eurozone slowdown, but only if the Chancellor gets radical One of the country's most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006... |
| Eurogroup's Juncker Warns of Possible Greek Default The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on... |
| Hungary seeks 15-20 billion euro IMF/EU credit line: official Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday... |
| European Stocks Post Biggest Weekly Rally of 2012; Xstrata Gains Feb. 4 (Bloomberg) -- European stocks posted the biggest weekly gain this year, sending the Stoxx Europe 600 Index to its highest level in six months, as manufacturing increased globally and the U.S.... |
| Russia, China Veto UN Security Council Resolution on Syria Feb. 4 (Bloomberg) -- Russia and China vetoed a United Nations Security Council resolution that backed an Arab League plan to "facilitate" a political transition in... |
| Greedy Matron Frolics, Cavalier Swaggers, Mozart: London Stage Topping the list of cheer-uppers in London is a new National Theatre production of "She Stoops to Conquer," Oliver Goldsmith’s mistaken-identity romp of 1773. Sophie Thompson, playing... |
| Italy Crippled by Winter Storm With Snow as Far South as Naples Feb. 4 (Bloomberg) -- A winter storm battered much of Italy, bringing arctic temperatures to the north and snow as far south as Naples, disrupting transport and commerce across the... |
| Ex-Credit Suisse CDO Chief Surprised Charges, His Lawyer Says Feb. 3 (Bloomberg) -- Kareem Serageldin, the ex-global head of Credit Suisse Group AG’s CDO business charged in a bonus- boosting fraud tied to a $5.35 billion trading book, was surprised by... |
| 24 hours to clinch Greek bankruptcy-saving deal: minister (ATHENS) - Greece has one day left to clinch a eurozone bailout and a bond swap with creditors to manage its crushing debt repayments, the finance minister said Saturday, warning that talks were... |
| Iran on Saturday called on the European Union to review its decision on sanctioning TEHRAN, Feb. 4 (Xinhua) -- Iran's Oil Minister Rostam Qasemi on Saturday called on the EU states to review their decision on the oil embargo on Iran. He made the remarks referring to the recent... |
| Spain Coaxes Banks to Merge, Purge Losses Feb. 3 (Bloomberg) -- Spain’s new government gave banks an extra year to recognize losses if they agree to merge, as it tries to overhaul the financial industry crippled by the collapse of the... |
| Hungary’s Malev Folds Amid Euro Crisis Feb. 3 (Bloomberg) -- Malev Zrt., the state-owned Hungarian airline founded in 1946, ceased flying after the government withdrew financing, becoming the second victim of European austerity measures... |
| Volvo Holds Steady Course as Earnings Rise Feb. 3 (Bloomberg) -- Volvo AB, the world’s second-largest truckmaker, stuck to its estimates for the North American and European heavy-vehicle markets this year as sales growth helped... |
| Russia, China Vetoes UN Security Council Resolution on Syria Feb. 4 (Bloomberg) -- Russia and China vetoed a United Nations Security Council draft resolution that backed an Arab League plan to "facilitate" a political transition in... |
| Putin, Opponents Gather 175,000 in Subzero Weather as Vote Nears A pro-government rally held near a World War II memorial park mustered 138,000 people, Moscow police said. Opponents of the Russian leader say they gathered at least 120,000 in subzero temperatures... |
| Venizelos Says Greece on Razor’s Edge as Second Bailout at Stake Feb. 4 (Bloomberg) -- Greece’s seven-month effort to win a second bailout from international creditors teetered in the balance as negotiations in Athens failed to clinch an... |
| Euro zone crisis: Monti says Italy a 'safe place' Premier Mario Monti said in an interview published on Saturday, pressing for Europe to turn its political energy to generating growth rather than further plans to strengthen budget... |
| Jelavic targeting Euro football Everton signing Nikica Jelavic believes his new club could qualify for Europe this season. Everton signing Nikica Jelavic believes his new club could qualify for Europe this season.The Merseyside... |
| Greek debt negotiations 'on a knife edge': finance minister (ATHENS) - Negotiations with the EU and the IMF on a critical new bailout for Greece were "on a knife edge," the Greek finance minister said on Saturday, adding that the marathon talks had... |
| Italian PM says euro crisis nearing end, has raised tensions (MUNICH) - Italian Prime Minister Mario Monti said on Saturday the eurozone crisis had reopened old European wounds and tensions, although he saw a light at the end of the tunnel of the financial... |
| EU foreign policy chief seeks Brazilian support on Syria (BRASILIA) - EU foreign affairs chief Catherine Ashton urged Brazil to support a draft UN resolution condemning the violence in Syria, casting it as a choice between the people or Bashar... |
| Greece says bank recapitalization agreed, but issues remain ATHENS (Reuters) – Greece has agreed with euro zone partners on how to recapitalize Greek banks after a planned bond swap, but has yet to resolve issues related to labor reform and spending... |
| Reed: Gerrard must lead England at Euro 2012 They couldn't wait to swing the axe. The canvassing of board members was swift and decisive. As a result England will need a new captain to lead it into battle at Euro 2012. Capello will... |
| Higuain targeting Euro glory Real Madrid striker Gonzalo Higuain has told his agent he will not leave the Spanish giants until he wins the Champions League. Real Madrid striker Gonzalo Higuain has told his agent he will not... |
| Merkel wraps up China trip with euro reassurance This photo, released by German government, shows German Chancellor Angela Merkel (L) and Chinese Premier Wen Jiabao (C) listening to Martin Herrenknecht, Chairman and Managing Director of... |
| The European Union has decided to impose new sanctions on Iran designed to force the country to curtail its nuclear program. The most painful point is the rejection of the supply of Iranian oil, which will result in irreparable damage to oil exports, as i The list of sanctions consists of twenty items, the most painful of which will be the rejection of the supply of Iranian oil. According to the authors of the sanctions, it will force the regime of... |
| US, EU must deepen economic ties to fight crisis: Clinton (MUNICH) - US Secretary of State Hillary Clinton called on Saturday for Europe and the United States to trade more and urged them to "work harder" together to battle economic crises.In a... |
| Crisis could push Europe to 'early grave': Australia (MUNICH) - Australia's foreign minister launched a fierce broadside at Europe Saturday, saying the financial crisis has caused it to turn in on itself and warning it risked an "early... |
| Pressure mounts on Greece as marathon rescue talks resume (ATHENS) - Greece is to resume marathon talks with European and IMF officials on Saturday as negotiations to produce a bailout deal for its crisis-hit economy by next week reached a climax.Finance... |
| Iran asks OPEC states not to raise oil output (TEHRAN) - Iran has asked OPEC members not to raise oil production to compensate for a European Union embargo against the Islamic republic, Oil Minister Rostam Qasemi said on Saturday.Qasemi said the... |
| Eurozone ministers to continue 'tough' Greece talks Eurozone finance ministers were to confer by telephone on Saturday after 12 hours of talks in Athens failed to produce a breakthrough on a Greek bailout deal, the Greek finance minister said.... |
| Iran: 'Some' European Countries to Lose Oil Imports A series of tit-for-tat statements between Iran and the West showed no signs of abating on Saturday, with Iranian Oil Minister Rostam Qasemi telling a news conference that oil exports "will... |
| Eurozone retail sales in surprise December fall Retail sales in the 17 countries that use the euro unexpectedly fell during the crucial month of December, official figures showed Friday, raising fears of a looming recession in the single currency... |
| Russia’s football boss aims to win Euro 2012 and 2018 World Cup UEFA boss Michel Platini and FIFA head Sepp Blatter have arrived in St Petersburg to take part in the opening of the CIS Cup, and to celebrate the 100th anniversary of the Russian Football... |
| Ackermann Shunned ECB Loans for Reputation Feb. 3 (Bloomberg) -- Deutsche Bank AG shunned the three- year loans the European Central Bank offered to banks in December on concern taking the funds could damage its reputation with customers,... |
| Greece Talks Enter ‘Final Phase’ With Second Bailout at Stake Feb. 4 (Bloomberg) -- Greek talks with international creditors in a seven-month effort to wrap up a second bailout will continue today after negotiations overnight failed to clinch an agreement, with... |
| Xstrata CEO Unlikely to Give Up Helm of Mine Giant He Built Feb. 3 (Bloomberg) -- For Mick Davis, the 53-year-old South African who runs Xstrata Plc, the approach from commodities trader Glencore International Plc is unlikely to prompt him to surrender the... |
| Ex-UBS Trader Adoboli Denied Bail as Trades Prompt Enforcement Feb. 3 (Bloomberg) -- Kweku Adoboli, a former UBS AG trader, was denied bail at a London criminal court on the same day U.K. regulators formalized their enforcement action of the unauthorized trading... |
| Egypt Lawmakers Criticize Police After Deadly Soccer Riot Feb. 2 (Bloomberg) -- Egypt’s premier said he accepted the resignation of the governor of Port Said where soccer clashes left more than 70 dead, falling short of lawmakers’ calls for... |
