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Worst of crisis behind us: German finance minister

Last Updated: Friday, December 28, 2012, 17:32

German Finance Minister Wolfgang Schaeuble has said the worst of Europe's debt crisis seemed to be over, showing his optimism about the German economy in the coming year.

Europe determined to overcome crisis: Italian president

Last Updated: Tuesday, November 20, 2012, 12:48

Europe is determined to overcome its current crisis, Italian President Giorgio Napolitano said after meeting his German and Polish counterparts in Italy.

'Europe's debt crisis to be prolonged'

Last Updated: Friday, July 06, 2012, 12:57

Europe's debt crisis has the nature of protracting and consistently existing due to the failure to tackle the region's fundamental structural problems, South Korea's finance minister said Friday.

Gold declines on concern Europe's crisis will boost dollar

Last Updated: Tuesday, June 26, 2012, 18:28

Gold on Tuesday decline for the first time in three days on concern Europe's debt crisis will strengthen the dollar and curb demand for the metal as an alternative investment.

Gold futures weaken on global cues

Last Updated: Friday, May 25, 2012, 11:53

Amid a weakening trend overseas on firming dollar, gold prices fell by Rs 36 to Rs 28,844 per 10 grams in futures trade on Friday.

US crude falls to 5-month low near $94/barrel

Last Updated: Tuesday, May 15, 2012, 10:47

Oil for June delivery was down 44 cents to USD 94.34 a barrel, the lowest since December on the New York Mercantile Exchange.

Angry EU voters, citizens rebel against austerity

Last Updated: Wednesday, April 25, 2012, 10:08

For more than a year, European Union officials have called for austerity, austerity and more austerity as a means to solve Europe's debt crisis. Now people who don't want to pay the price are taking their fight from the streets to the ballot box.

Greece may make an exit from Euro: Bordo

Last Updated: Friday, April 06, 2012, 18:32

Although the debt crisis in Europe is temporarily defused, there is a possibility of Greece making an exit from Euro, a leading economist said here on Friday.

Spain bond auction raises debt concerns

Last Updated: Wednesday, April 04, 2012, 22:44

The higher the yield, the more expensive it is for a country to raise money on the bond markets.

EU approves second bailout package for Greece

Last Updated: Friday, March 02, 2012, 16:19

European Union leaders have cleared the release of long-awaited second bailout package for debt- ridden Greece by the end of the week.

EU's Rehn sees deal on euro zone bailout funds in March

Last Updated: Sunday, February 26, 2012, 16:59

Rehn said especially emerging economies have supported the euro zone's push for more funds for the IMF.

Greece launches long-awaited debt swap offer

Last Updated: Saturday, February 25, 2012, 09:00

The new bonds will carry an average coupon of 3.65 percent over the 30-year period and be governed by English law.