The euro inched higher in Asian trade on Wednesday after hitting new multi-year lows against the dollar and yen amid worries over the European debt crisis.
The world market panic that started the week looked all too familiar: an alarming reminder of last summer's financial storm brought on by the eurozone debt crisis.
Moody's took the first step toward stripping Germany of its coveted AAA credit rating on Monday, cutting the outlook for Europe's largest and most pivotal economy to "negative."
The euro tumbled below 95 yen for the first time in almost 12 years on Monday as dealers rushed to the safe-haven Japanese unit owing to growing fears about Spain's debt crisis.
Police fire rubber bullets after huge Madrid crisis protest
Spanish police fired rubber bullets and charged protestors in central Madrid early Friday at the end of a huge demonstration against economic crisis measures.
Greece's coalition government breezed through a largely symbolic confidence vote late Sunday, winning the tough mandate of tackling a two-year-old crisis and keeping the country safely in the eurozone.
Furious pensioners who lost savings through investments in ruined lender Bankia booed its managers Friday, branding them thieves, at the first shareholders' meeting since the bank's huge rescue.
Kazakhstan has enough funds to withstand a financial crisis: National Bank Governor
According to him, the major issue how to manage the funds. The management, in its turn, will depend on possible manifestations of the anticipated crisis.
