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Eurogroup's Juncker warns of possible Greece default (Reuters)

Reuters - 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 Saturday.

Sat, 04 Feb 2012 22:58:58 GMT

Greece says faces 24-hour deadline to clinch rescue (Reuters)

Reuters - Greece has just one day left to strike a deal with impatient lenders and reluctant political party leaders on a 130 billion rescue plan before the country is pushed towards a chaotic default, its finance minister warned on Saturday.

Sat, 04 Feb 2012 20:42:07 GMT

Hungary seeks 15-20 billion euro IMF/EU credit line: official (Reuters)

Reuters - 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 as saying.

Sat, 04 Feb 2012 12:19:26 GMT

Deutsche Boerse board member wants CEO out: paper (Reuters)

Reuters - Deutsche Boerse's (DB1Gn.DE) chief executive Reto Francioni should step down following the collapse of its $7.4 billion plan to merge with NYSE Euronext , a member of the German exchange operator's supervisory board told a newspaper.

Sat, 04 Feb 2012 12:48:27 GMT

Central bank liquidity tap to stay open (Reuters)

Reuters - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money.

Fri, 03 Feb 2012 16:10:09 GMT

Nervous markets eye U.S. jobs report, Greece (Reuters)

Passers-by are reflected in a stock index board outside a brokerage in Tokyo June 17, 2010. Japan's Nikkei average fell 0.7 per cent after five days of gains, coming off one-month highs, though support was expected to hold at the level of the benchmark's 25-day moving average. REUTERS/Issei KatoReuters - Caution ahead of U.S. jobs numbers kept a lid on gains for stock markets on Friday after an optimistic start to the year that has added more than 7 percent to global company values.



Fri, 03 Feb 2012 10:17:40 GMT

Unemployment rate hinges on more than job gains (AP)

AP - For most people, the 8.3 percent unemployment rate is the most visible sign of the economy's health. The rate's every movement is closely watched, especially in an election year.

Fri, 03 Feb 2012 20:50:21 GMT

Aon Q4 profit rises, but margin pressures persist (Reuters)

Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.

Fri, 03 Feb 2012 15:54:58 GMT

Clinton: US, Europe must do more against tyrants (AP)

US Secretary of State Hillary Rodham Clinton arrives at the Security Conference on Saturday, Feb. 4, 2012 in Munich, Germany. Politicians and military representatives will join for the 48. Munich Security conference from Friday, Feb. 3 until Sunday, Feb. 5, 2012.(AP Photo/Frank Augstein)AP - The Obama administration on Saturday called for stepped up U.S.-European cooperation to isolate tyrannies like the Assad regime in Syria, promote democracy in the Arab World and beyond and repair damage from the global financial crisis.



Sat, 04 Feb 2012 15:57:28 GMT

New York sues banks over electronic mortgage system (Reuters)

Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.

Fri, 03 Feb 2012 22:54:10 GMT

Report: Monti says Italy a "safe place" (AP)

US Secretary of State Hillary Rodham Clinton arrives at the Security Conference on Saturday, Feb. 4, 2012 in Munich, Germany. Politicians and military representatives will join for the 48. Munich Security conference from Friday, Feb. 3 until Sunday, Feb. 5, 2012.(AP Photo/Frank Augstein)AP - Italy is now a "safe place" amid market turbulence, Premier Mario Monti said in an interview published Saturday, pressing for Europe to turn its political energy to generating growth rather than further plans to strengthen budget discipline.



Sat, 04 Feb 2012 09:22:48 GMT

Euro zone sales tumble at Christmas, no sign of growth (Reuters)

Reuters - Retail sales in the euro zone tumbled unexpectedly in December, the biggest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut signs of a stabilization in Europe's economy.

Fri, 03 Feb 2012 11:38:05 GMT

Romney focuses on Obama, Gingrich on Romney in NV (AP)

Republican presidential candidate, former House Speaker Newt Gingrich speaks at Stoney's Rockin Country, Friday, Feb. 3, 2012, in Las Vegas, Nev.  (AP Photo/Evan Vucci)AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.



Fri, 03 Feb 2012 23:35:33 GMT

Russia admits brief cut of gas supplies to Europe (AP)

Russian Prime Minister Vladimir Putin chairs a meeting on gas supplies to Europe in Moscow, Saturday, Feb. 4, 2012. Russia's state-controlled Gazprom natural gas giant acknowledged for the first time Saturday that it had briefly reduced gas supplies to Europe amid a spell of extreme cold.  (AP Photo/RIA-Novosti, Alexei Nikolsky, Government Press Service)AP - Russia's state-controlled Gazprom natural gas giant acknowledged for the first time Saturday that it had briefly reduced gas supplies to Europe amid a spell of extreme cold.



Sat, 04 Feb 2012 14:25:38 GMT

Palestinians call for PM's fall over taxes (AP)

German Foreign Minister Guido Westerwelle, left, speaks during a joint news conference with Palestinian Prime Minister Salam Fayyad in the West Bank city of Ramallah, Wednesday, Feb. 1, 2012. (AP Photo/Majdi Mohammed)AP - Hundreds of Palestinian protesters have called for their prime minister's resignation over recent tax and price increases.



Sat, 04 Feb 2012 12:27:10 GMT

GM says most of its US dealers agree to upgrades (AP)

AP - General Motors Co. said Saturday that most of its 4,400 U.S. dealers have agreed to upgrade their showrooms over the next four years.

Sat, 04 Feb 2012 21:56:27 GMT