Greek Considers Legal Action Against US Banks for Role in Debt Crisis
[2010-05-17]
Greece's prime minister says he "wouldn't rule out" taking legal action against U.S. investment banks for their role in creating the Greek debt crisis.
US Wall Street Probes Expanding with New Investigation
[2010-05-14]
U.S. prosecutors are investigating several major banks in Wall Street to determine whether they have misled investors in mortgage bonds.
Full Internet Access Resumed in Xinjiang, New Aid on the Table
[2010-05-14]
Internet services in northwestern China's Xinjiang Urygur Autonomous Region has fully resumed as of Friday and new aid is on the table.
IEA Cuts World Oil Demand Forecast
[2010-05-13]
The International Energy Agency on Wednesday lowered its 2010 world oil demand forecast by 220,000 barrel-a-day to average 86.38 million barrels a day.
US Posts 19th Straight Monthly Budget Deficit
[2010-05-13]
The U.S.government has posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record.
Morgan Stanley Under Probe
[2010-05-13]
U.S. federal investigations are probing whether Morgan Stanley misled investors about mortgage derivative products it helped design and sometimes bet against.
China's Fiscal Revenue Up 34Pct in April, Expenditures Rise 9.8Pct
[2010-05-12]
China's fiscal revenue in April rose 34.4 percent to 792.57 billion yuan from a year earlier.
Japan's Government's Debt Hits Record High in 2009
[2010-05-11]
The outstanding balance of Japan's central government debt hit a record high of 882.92 trillion yen at the end of fiscal 2009 through March 31 as the government issued more bonds amid the economic downturn.
US Stocks Jumps on EU Bailout Plan
[2010-05-11]
U.S. stocks rocked to their biggest gain in a year Monday with Dow index closing up nearly four percent after a massive rescue package for the eurozone eased investors' fear of a sovereign debt crisis.
US Fed Restarts Currency-Swap Tool with Other Central Banks
[2010-05-10]
The U.S. Fed reopened its currency-swap tool with ECB, central banks of Britain and Swiss to provide enough dollars needed to keep the debt crisis from spreading.
IMF Board Approves 40Bln US Dollars Greece Loan
[2010-05-10]
IMF approved some 40 billion U.S. dollars loan for debt-ridden Greece Sunday.
Greece MPs Pass Austerity Measures
[2010-05-07]
Greek parliament has voted in favor of austerity cuts proposed by the government to address the country's financial crisis.
Protest Clashes over Greece Austerity Measures, Killing 3
[2010-05-06]
At least three people have been killed in the Greek capital as protesters set fire to a bank during a general strike over planned austerity measures.
U.S. Gary Locke to Visit China, Pushing Energy Exporting
[2010-05-05]
The U.S. trade delegation will promote exports of leading U.S. technologies related to clean energy, energy efficiency and electric storage, transmission and distribution.
German Cabinet Approves 22.4 Bln Euros Bailout for Greece
[2010-05-04]
German Chancellor Angela Merkel's Cabinet on Monday approved Germany's share of 22.4 billion euros to be paid over three years to Greece.
China to Raise Deposit Reserve Requirement Ratio by 0.5 Pct
[2010-05-04]
China's central bank decided to raise the deposit reserve requirement ratio by 0.5 percentage points to keep the economy from overheating, effective on May 10.
China Pledges Fairness to Foreign Companies
[2010-04-30]
"The policy of encouraging indigenous innovation treats all businesses in China the same. It will not exclude foreign companies."
U.S. Fed Keeps Interest Rates Unchanged
[2010-04-29]
The U.S. Federal Reserve decided to leave its rates unchanged in the range of zero to 0.25 percent, saying the economic conditions were likely to warrant exceptionally low levels for an extended period.
IMF, ECB Call for "Rapid" Greek Decision
[2010-04-29]
IMF and ECB chiefs called on Wednesday for a "rapid" decision on aid for debt-ridden Greece, the level of which, has amounted to 45 billion euros.
S&P Downgrades Greek Credit Rating to Junk Status
[2010-04-28]
S&P on Tuesday downgraded Greece's credit rating to BB+ from BBB+ and assigned a "negative" outlook.
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