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Financial crisis

Greek ferries sail as strikers forced back to work
Ferries set sail for Greek islands for the first time in a week Wednesday after the government invoked emergency powers to force striking seamen back ...
Germany takes steps to curtail risky trading
Germany wants to punish bankers who take excessive risks and require some banks to separate retail activity from riskier proprietary trading, ...
S&P lawsuit: Emails suggest concern about ratings
The government's case against Standard & Poor's points to documents that authorities say support their accusations — namely, that S&P intentionally ...
Q&A: The federal charges against Standard & Poor's
The U.S. government charged Standard & Poor's Ratings Services with misleading investors about the quality of mortgage-backed investments in the ...
Key allegations government is making against S&P
Here is the basis of the case the U.S. government is making against Standard & Poor's Ratings Services in a 128-page lawsuit: — THE CHARGE: The ...
S&P expects US lawsuit over its mortgage ratings
The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it improperly gave high ratings to ...
US stocks close down after Dow's rally to 14,000
Stocks hit a big milestone, then promptly spun off the road. Major indexes dived the most this year Monday, the first trading day after the Dow broke ...
Greece says it met deficit-cutting targets in 2012
The Greek government said Monday its painful austerity drive is paying off, with the budget deficit reduced to the target of 6.6 percent of annual ...
Stocks slide following Dow's rally to 14,000
Stocks are falling on Wall Street after the Dow Jones industrial average hit its highest level since the financial crisis last week. The Dow was off ...
Cairo's musical heart, Mohammed Ali Street, fades
During its heyday, it was famed as the lively and romantic heart of Arabic music — a Cairo street modeled after Paris' boulevards, home to musicians, ...
Cypriot gov't, auditors differ on bank needs
Cyprus' finance minister says the government's estimates of how much the country's ailing banks need in rescue money still "differ greatly" from those ...
Spain's jobless just short of 5 million in January
The number of people registered as unemployed in Spain is bordering on 5 million as the country remains mired in recession. Labor Ministry figures ...
Berlusconi: if I win, Italians get home tax back
Media mogul Silvio Berlusconi on Sunday promised Italians that if they vote him back into office, he will abolish an unpopular tax on primary ...
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 ...
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 ...
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, ...
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.