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Italy's debt woes worsen despite Berlusconi pledge to step down
World NowItaly’s debt problems worsened Wednesday as the nation’s borrowing costs soared to a new record. The unexpectedly sharp jump in the Italian 10-year bond yield came despite Prime Minister Silvio Berlusconi’s pledge Tuesday that he would... -
Portugal refuses to extradite American fugitive George Wright
World NowAmerican fugitive George Wright has been freed by a Portugese court after it refused a U.S. request to extradite the convicted murderer to complete his 15- to 30-year sentence for the shooting death of a gas station employee during a robbery the day after... -
Spain's center-right party defeats ruling Socialists in election
World NowSpain's ruling Socialists were ousted from power in elections Sunday. With 90% of the votes counted, the Popular Party had won 186 seats, a majority in the 350-member lower chamber of parliament, assuring that the center-right group will return to power... -
Portugal, Belgium hit by rating cuts; Eurozone yields jump again
Money & CompanyWith European government bond markets already in severe distress, the credit-rating companies keep delivering their equivalent of a blast of pepper spray. Bond yields surged again across Europe on Friday, one day after Fitch Ratings cut Portugal’s... -
Moody's: Every European nation now at risk on debt
Money & CompanyThrowing more logs on the Eurozone fire, Moody's Investors Service said Europe's debt crisis now is "threatening the credit standing of all European sovereigns."... -
Fed worries about spillover from Europe's debt crisis to U.S. financial system
Money & CompanySo let’s say Greece or one of the other financially weakest countries in Europe were to default on its bonds. Would that hit the U.S. banking system? Federal Reserve Chairman Ben S. Bernanke was asked that question at his news...... -
Portugal debt cut to junk rating by Moody's on fears another bailout looms
Money & CompanyPortugal's government debt was downgraded to junk status Tuesday, another reminder that the European debt crisis is far from over. Moody's Investors Service slashed Portugal's rating to Ba2 from Baa1 and said the outlook remained negative. Any rating... -
Bond yields surge in Europe as 'contagion' fears spread
Money & CompanyEurope's debt crisis is going from bad to worse -- again. Investors dumped government bonds of Portugal, Ireland, Italy and Spain on Wednesday, driving market yields up sharply, after Moody’s Investors Service late Tuesday slashed Portugal’s... -
Italy and Spain rocked by fears of spreading debt 'contagion'
Money & CompanyThe dismal U.S. jobs report for June is getting most of the attention on Wall Street Friday, but the greater risk to the global economy may be the spreading debt crisis in Europe. The “contagion” that has forced Greece, Ireland...... -
European markets plunge as debt crisis worsens; gold jumps [Updated]
Money & CompanyEuropean financial markets crumbled Monday as government bond yields surged again in Spain and Italy, deepening fears that the continent's debt crisis had entered a far more dangerous phase. U.S. stocks also were broadly lower. Gold hit a record high........ -
Bank of America, Morgan Stanley shares hit 2-year lows as Europe adds to banks' woes
Money & CompanyU.S. big-bank stocks, already outcasts on Wall Street this year, now are being tainted by Europe's debt woes. The U.S. market’s decline on Monday was led by the financial sector, which tumbled in sympathy with the steep sell-off in many...... -
European debt fears ease as bond yields pull back
Money & CompanyInvestors hit the pause button on Europe’s debt crisis Tuesday: Yields on Italian and Spanish government bonds fell after surging the previous six sessions. Traders said the mood was helped by rumors that the European Central Bank was buying bonds.....
Nov 9, 2011
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Nov 17, 2011
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Nov 20, 2011
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Nov 25, 2011
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Nov 28, 2011
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Jun 22, 2011
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Jul 5, 2011
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Jul 6, 2011
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Jul 8, 2011
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Jul 11, 2011
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Jul 11, 2011
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Jul 12, 2011
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