IIF says Greek debt buyback must be 'voluntary' A powerful international bank lobby warned Thursday that the outcome of Greece's looming debt buyback program remains uncertain and warned that it must be "purely voluntary."
01 December 2012
Clinton urges Europe to do more on economy US Secretary of State Hillary Clinton urged Europe Thursday to resolve the eurocrisis and seek ways to promote growth and jobs as she praised America's "revitalized relationship" with the region.
01 December 2012
Strauss-Kahn settles with sex 'assault' maid: reports Disgraced former IMF chief and would-be French president Dominique Strauss-Kahn will settle out of court with a Manhattan maid who accused him of sexual assault, ending a sordid 18-month legal saga.
30 November 2012
Spain banks cut thousands of jobs in shakeup Crippled Spanish banks said they would cut thousands of jobs after Brussels on Wednesday gave a green light for a big slice of aid to rescue them with tough conditions.
30 November 2012
Police bust Australia's biggest credit card scam Australian police said Thursday they had uncovered the country's biggest ever credit card data theft and smashed a Romanian syndicate allegedly behind the scam.
30 November 2012
BP banned from US government contracts British oil giant BP was temporarily banned from winning new US government contracts Wednesday after agreeing to plead guilty to criminal charges in the deadly 2010 Gulf of Mexico oil spill disaster.
30 November 2012
French court to deliver final ruling on Concorde crash A French court will Thursday deliver a final verdict on who was to blame for the July, 2000 crash of an Air France Concorde that left 113 people dead and led to the supersonic jet being taken out of service.
Euro slips after buying on Greek rescue fizzles The euro slipped in Asian trade on Wednesday after a buying spree sparked by Greece's bailout deal fizzled owing to lingering concerns over Europe's sovereign debt problems.
29 November 2012
French court to rule on Strauss-Kahn pimping probe A French court will Wednesday rule on whether to drop pimping charges against former IMF chief Dominique Strauss-Kahn in the last sex crime case against him in France.
29 November 2012
Euro crisis cements Merkel support for election duel Germany swings into election countdown next week when Chancellor Angela Merkel and her chief challenger rally their party faithful for a campaign likely shaped by how hard the euro crisis hits German wallets.
EU ministers agree significant debt relief deal for Greece Greece won breathing space Tuesday with long-frozen eurozone loans to restart from December and a first clear admission that a chunk of the country's debt burden will need to be written off down the line.
27 November 2012
French right close to collapse after talks fail France's main right-wing opposition party was close to collapse on Monday after talks failed to resolve a bitter leadership dispute and an ex-prime minister vowed to take the battle to the courts.
27 November 2012
Hobbit was almost filmed in Britain, director reveals "The Hobbit" director Peter Jackson on Tuesday said the low point making his Tolkien epic was when the production almost moved from his native New Zealand to Britain because of a union dispute.
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