World financial markets took a dive Wednesday into early Thursday despite Italy’s and Greece’s attempts to contain fears fueled by their continued political crises. Stocks were sharply lower in Asian markets Thursday, after a down day in Europe and United States on Wednesday. Italian President Giorgio Napolitano named former European Commissioner Mario Monti a senator […]
Debt Crisis Hits Global Markets
Posted November 9th, 2011 at 8:05 pm (UTC-5)
World financial markets took a dive Wednesday into early Thursday despite Italy’s and Greece’s attempts to contain fears fueled by their continued political crises. Stocks were sharply lower in Asian markets Thursday, after a down day in Europe and United States on Wednesday. Italian President Giorgio Napolitano named former European Commissioner Mario Monti a senator […]
Debt Crisis Hits Markets in Europe, US
Posted November 9th, 2011 at 3:20 pm (UTC-5)
Major U.S. and European stock exchanges plunged Wednesday and Italy’s borrowing costs jumped, as the long shadow of the continent’s debt crisis consumed the Greek and Italian governments. Key stock markets in New York, London, Paris and Frankfurt all slid about two percent, in part due to the political uncertainty in Athens and Rome. Late […]
Debt Crisis Hits Markets in Europe, US
Posted November 9th, 2011 at 2:55 pm (UTC-5)
Major U.S. and European stock exchanges plunged Wednesday and Italy’s borrowing costs jumped, as the long shadow of the continent’s debt crisis consumed the Greek and Italian governments. Key stock markets in New York, London, Paris and Frankfurt all slid about two percent, in part due to the political uncertainty in Athens and Rome. Late […]
Debt Crisis: US, Europe Stocks Plunge, Borrowing Costs Rise
Posted November 9th, 2011 at 12:55 pm (UTC-5)
Major U.S. and European stock exchanges plunged Wednesday and Italy’s borrowing costs jumped, as the long shadow of the continent’s debt crisis consumed the Greek and Italian governments. Key stock markets in New York, London, Paris and Frankfurt all slid more than two percent, in part due to the political uncertainty in Athens and Rome. […]
Debt Crisis: European Stocks Plunge, Borrowing Costs Rise
Posted November 9th, 2011 at 10:50 am (UTC-5)
Major European stock exchanges plunged Wednesday and Italy’s borrowing costs jumped, as the long shadow of the continent’s debt crisis consumed the Greek and Italian governments. Key stock markets in London, Paris and Frankfurt all slid more than two percent, in part due to the political uncertainty in Athens and Rome. Greek officials struggled for […]
Debate Over Greek Interim Government Enters 3rd Day
Posted November 9th, 2011 at 6:25 am (UTC-5)
Greek party leaders halted debate on the formation of a new coalition government early Wednesday without reaching consensus, but were set to resume talks later in the day. Outgoing Prime Minister George Papandreou and main opposition leader Antonis Samaras have been locked in talks since Monday on who will lead a power-sharing government until early […]
IMF Chief Lauds Asia’s Economic Role, Cites Dangers Ahead
Posted November 9th, 2011 at 2:50 am (UTC-5)
The head of the International Monetary Fund is promoting the important role of Asia in the recovery of the global economy and urging the region to be ready in the event of another worldwide recession. In a speech Wednesday at the International Finance Forum in Beijing, Christine Lagarde said the economic rise of Asia is […]
Debate Over Greek Interim Government Enters 3rd Day
Posted November 9th, 2011 at 1:10 am (UTC-5)
Greek party leaders halted debate on the formation of a new coalition government early Wednesday without reaching consensus, but were set to resume talks later in the day. Outgoing Prime Minister George Papandreou and main opposition leader Antonis Samaras have been locked in talks since Monday on who will lead a power-sharing government until early […]
Greek Parties Postpone Agreement on Interim Government
Posted November 8th, 2011 at 8:05 pm (UTC-5)
Greek party leaders stopped a winding debate on the new coalition government early Wednesday without reaching consensus and will resume talks later in the day. Outgoing Prime Minister George Papandreou and main opposition leader Antonis Samaras have been locked in talks since Monday on who will lead a power-sharing government until early elections in February. […]
