Financial crisis news and stories by mail.com

Financial crisis

Dow ends above 14,000 for 1st time since Oct. 2007
The Dow closed above 14,000 on Friday for the first time in more than five years. It was just a number on a board, but it was enough to raise the ...
Germany warns euro crisis not over
Europe's efforts to solve its debt troubles won a vote of confidence Friday from the chairman of China's sovereign wealth fund, but Germany's finance ...
Dow hits 14,000 for 1st time since October 2007
The Dow rose higher and briefly topped 14,000 Friday, hitting a milestone not seen since before the financial crisis rocked the world economy. The Dow ...
CEO of scandal-hit Barclays gives up 2012 bonus
The chief executive of Britain's Barclays bank said Friday he is giving up his 2012 bonus amid a string of high-profile scandals over market-fixing, ...
Spanish economy minister to testify in bank probe
Spain's Economy Minister Luis de Guindos has been called by the National Court to testify in a probe into alleged fraud at one of the country's major ...
Latvia takes big step to joining euro
Unemployment, recession, debt, crisis and bailouts: These have been the sort of words that have been associated with the euro currency over the past ...
Greek doctors, public transport workers on strike
Greek doctors, port workers and public transport staff in the country's capital walked off the job Thursday in strikes against deeply unpopular ...
German unemployment sees seasonal rise in January
Germany's unemployment rate increased to 7.4 percent in January as the country was hit by harsh winter weather, but seasonally adjusted jobless ...
Cyprus jobless turn to illegal songbird trapping
It's just before first light and the bird-catcher strings nets among the orange, pomegranate, fig and carob trees in his orchard. The sound of ...
Protesters break into gov't building in Athens
Protesters forced their way into a government building in Greece's latest anti-austerity protests Wednesday, reaching just outside a minister's office ...
Cyprus president: Russia ready to help in bailout
Cyprus' president said Wednesday that Russia is ready to join the European Union in putting together a rescue package for the crisis-hit country.
Israel central bank chief to step down in June
The governor of Israel's central bank, widely credited with steering the nation's economy safely through years of world financial turmoil, resigned ...
Russia likely to contribute to Cyprus bailout
Russia is likely to contribute money to a rescue package that Cyprus is trying to finalize with eurozone partners, the cash-strapped country's finance ...
Lombardy stars as kingmaker in national elections
One region looms large over Italy's upcoming election: Lombardy. The nation's industrial powerhouse and home to its financial capital, Milan, the ...
Trash piles at Madrid airport as cleaners strike
Empty bottles, cans and trash are piling up at Madrid's airport as cleaners enter the fifth day of a strike to protest proposed layoffs. The strike ...
Former trader charged with defrauding bailout fund
A former managing director of an investment bank was arrested Monday on charges he defrauded investment funds the Department of Treasury established ...
Greece grapples with strikes despite mobilization
Striking bus drivers in Athens have defied a court order to return to their jobs, extending last week's protests by subway employees over ...
Italy gets through 2-year bond auction with ease
Italy has easily sold €4 billion ($5.4 billion) in 24-month bonds in an auction that saw the country's borrowing rates fall, in a further sign that ...
Asia stocks up slightly on strong US earnings
Asian stock markets posted slight gains Monday after strong U.S. earnings pushed Wall Street indexes to multi-year highs, though Japan's Nikkei dipped ...
Fragile economy, other global woes dominated Davos
The fragile state of the world economy, along with the relentless turmoil in Syria and the rocky fallout from the Arab Spring, dominated discussions ...
'No budget, no pay' advances despite reservations
In an earlier era, a move like the one engineered by House GOP leaders to pass a "no budget, no pay" measure probably would have been stopped in its ...
Ryan says GOP needs to pick its fights with Obama
Rep. Paul Ryan has a message for fellow Republicans: Let's stick together and carefully pick our fights with President Barack Obama. In a speech ...
Indonesia readies for $1 trillion trade talks
Indonesia may hold the key to a $1 trillion injection into the global economy. That's how much the World Trade Organization believes is riding on ...
Thousands of Portuguese teachers protest big cut
Thousands of teachers from around Portugal are marching in downtown Lisbon to protest proposed spending cuts they say will slash €1 billion ($1.
S&P closes above 1,500 for 1st time since 2007
Passing another milestone on the nation's long journey back from the Great Recession, the Standard and Poor's 500 index closed above 1,500 for the ...