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AP - Greek party leaders on Tuesday will meet to seek a long-delayed agreement on harsh cutbacks demanded to avoid looming bankruptcy, amid intense pressure from its bailout creditors to reach a deal, a general strike disrupting public services and thousands of protesters taking to the streets of Athens. Read More.....
AP - Steel maker ArcelorMittal was cautiously optimistic about its near-term prospects even after it reported a heavy fourth quarter loss generated by a deteriorating European economy and big tax and restructuring charges. Read More.....
AP - Parties backing Greece's coalition government will hold a second day of emergency talks Monday on a vital austerity deal with rescue creditors, after an intense weekend of negotiations failed to produce a breakthrough needed to avert bankruptcy in March. Read More.....
Reuters - Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding political leaders. Read More.....
AP - Greek finance minister: Debt talks held up by labor reforms. Read More.....
Reuters - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF. Read More.....
AP - U.S. Secretary of State Hillary Rodham Clinton is calling on Europe and the United States to do more together to defeat tyrannies, promote democracy and repair the damage from the global financial crisis. Read More.....
Reuters - Greece expects its 2011 budget deficit will be smaller than expected at between 9.1 and 9.4 percent of GDP, thanks to an emergency property tax, a finance ministry official said on Friday, a development that could help Athens in its bailout talks with the EU and IMF. Read More.....
AP - Unions and employers' associations in Greece have rejected demands for private-sector wage cuts, despite pressure for the country to introduce strict austerity measures if it is to receive a crucial bailout package. Read More.....
AP - Unions and employers are to resume talks in Greece as the country scrambles to push through more cost-cutting reforms and conclude massive debt deals with private and rescue creditors. Read More.....
Reuters - China is considering providing greater involvement in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday. Read More.....
AP - British Sky Broadcasting PLC unveiled Tuesday a new venture in video on demand to compete with industry leaders Netflix and Lovefilm as it reported a solid 8 percent increase in first-half profits. Read More.....
AP - Unemployment in the 17-nation eurozone ended 2011 at 10.4 percent, a new record high for the single currency since its launch at the start of 1999, official figures showed Tuesday. Read More.....
Reuters - Euro zone unemployment has risen to its highest level since the euro single currency was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe's floundering economy. Read More.....
Reuters - Toshiba Corp, Japan's biggest chip maker, booked a 72 percent fall in quarterly operating profit on Tuesday and slashed its annual profit forecast as a strong yen and the euro-zone debt crisis hit profits. Read More.....
AP - European leaders will try to come up with ways to boost growth despite steep budget cuts across the continent when they meet in Brussels on Monday. Read More.....
AP - Greek lenders Eurobank and Alpha Bank say a planned merger to create the country's largest bank by assets could be put on hold because of debt-relief negotiations between the crisis-hit country and private creditors. Read More.....
