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Updated: 47 min 21 sec ago

Greece's problems: Too big to fix?

Mon, 01/30/2012 12:28PM -0500
German leaders are furious with Greece. Yet again they have to go back to their electorates asking for more billions to throw down the black hole that is the Hellenic Republic. They have now become so angry that they are even openly proposing that Greece's fiscal affairs be deferred to some European Commissioner, preferably one of a Teutonic disposition.

Trader accused of fraud pleads not guilty

Mon, 01/30/2012 08:59AM -0500
A trader accused of fraud over a $2.3 billion loss in unauthorized trading reported by Swiss banking giant UBS pleads not guilty in a London court. The trial of the trader, Kwaku Adoboli, is due to begin September 3.

Ex-ECB head: EU part of 'global crisis'

Mon, 01/30/2012 07:50AM -0500
The former head of the European Central Bank says the eurozone's woes must not be taken in isolation, but viewed as part of a global crisis.

RBS chief bows over bonus

Mon, 01/30/2012 12:58AM -0500
There was a whiff of inevitability about the decision by Stephen Hester, the Royal Bank of Scotland chief executive, to waive his £1M ($1.57M) bonus late last night, as the political and media furor mounted.

Iran to halt oil to 'some countries'

Sun, 01/29/2012 09:13PM -0500
Iran's oil minister said on Sunday that oil sales to "some countries" would be halted soon, amid pressure from the parliament that the government should pre-empt a looming European embargo.

100+ arrests in Occupy Oakland

Sun, 01/29/2012 08:51PM -0500
Municipal employees in Oakland worked Sunday to clean up damage they said was caused hours earlier by Occupy protesters, "possibly 400" of whom were arrested for breaking into a YMCA and City Hall and challenging police.

Greek fury at plan for EU budget control

Sun, 01/29/2012 07:15PM -0500
Greece's finance minister angrily rejected a German plan for the eurozone to impose a budget overseer onto Athens in return for a new ?130bn bail-out, saying it would improperly force his country to choose between "financial assistance" and "national dignity".

Police make arrests, raid offices of News International

Sat, 01/28/2012 07:57PM -0500
Four current and former employees of Britain's Sun newspaper were arrested by authorities investigating claims of inappropriate payments to police, News Corp. and police said Saturday.

Passengers stranded as Spanair goes bust

Sat, 01/28/2012 11:15AM -0500
Spanish airline Spanair went bust early Saturday, forcing many passengers to find seats on flights with other airlines at short notice.

IMF head: No country safe

Sat, 01/28/2012 09:46AM -0500
IMF head Christine Lagarde says no country will be safe from the eurozone crisis if action is not taken soon.

Call for EU to control Greek budget

Sat, 01/28/2012 04:29AM -0500
The German government wants Greece to cede sovereignty over tax and spending decisions to a eurozone "budget commissioner", according to a copy of the proposal obtained by the Financial Times.

Twitter to delete posts if countries request it

Fri, 01/27/2012 05:37PM -0500
Online social networking site Twitter said Thursday it will begin deleting users' tweets in countries that require it -- but it will still keep those deleted tweets visible to the rest of the world.

JPMorgan chief: Wall Street a 'disgrace'

Fri, 01/27/2012 03:23PM -0500
The chief executive of JPMorgan says he can understand some of the grievances of the Occupy movement, describing some of Wall Street's actions as "a total disgrace."

Spanish unemployment hits almost 23%

Fri, 01/27/2012 11:22AM -0500
The number of Spaniards without jobs rose by more than half a million last year to reach 5.27m, or 22.85 per cent of the workforce, in the final quarter, according to the National Statistics Institute (INE).

Diageo CEO stands by tax warning

Fri, 01/27/2012 06:57AM -0500
The CEO of drinks giant Diageo, Paul Walsh, says he does not regret his controversial comments over the UK's tax rate for higher earners.

Bidding for troubled L.A. Dodgers may top $1 billion

Fri, 01/27/2012 05:37AM -0500
The troubled Los Angeles Dodgers, one of baseball's most storied franchises, began receiving bids from potential buyers this week in a sale that's expected to set a Major League record at more than $1 billion.

UK PM urges action on eurozone

Thu, 01/26/2012 10:47PM -0500
British Prime Minister David Cameron urges EU leaders to make bold decisions to pull Europe back from the financial brink, and says the UK is no closer to joining the fiscal treaty.

Judge: Transocean not liable for some spill damages

Thu, 01/26/2012 09:46PM -0500
A judge ruled Thursday that Transocean is not liable for some damages in the Deepwater Horizon oil spill, the worst in U.S. history.

Gates donates $750M to fight disease

Thu, 01/26/2012 02:35PM -0500
The Bill & Melinda Gates Foundation will inject $750 million into the Global Fund to Fight AIDS, Tuberculosis and Malaria, Microsoft co-founder Bill Gates announced Thursday at the World Economic Forum.

World Bank boss: Emerging markets at risk

Thu, 01/26/2012 01:42PM -0500
World Bank President Robert Zoellick has warned that the eurozone crisis could have a dire effect on emerging markets if it continues in 2012.

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