Behind Cyprus' Plan to Seize Bank Deposits
A plan to seize up to 10 percent of Cypriot's savings has been met with fury and raised concern, if not panic, in the rest of Europe about the security of bank deposits.
eurozone indebtedness
US Stocks Mixed as European Debt Crisis Festers
Crisis-weary investors scoffed Monday at what had appeared to be a hopeful turn in the European debt crisis: a victory for pro-Europe parties in a Greek election. U.S. stocks were little changed, and borrowing costs for Spain surged to alarming levels.
Dow Logs Worst One-Day Drop Since 2008
A bruising session on Wall Street Thursday wiped more than 500 points off the Dow - its worst drop since October 2008. Driving the fear is growing concern about the possibility of another recession. Will the selloff continue Friday? It all depends on the Labor Department's employment report.
The Big, Continuing Stories That Could Derail 2011
Major news stories ebb and flow, rising to the headlines and then slipping out of the spotlight. But even if they fade from attention, keep an eye on this handful of long-term issues, such as North Korea, which have the potential to disrupt the U.S. economy and global recovery.
Best and Worst Global Stock Markets of 2010
The big winners of 2010 scored returns far above those of U.S. markets by piggybacking on China's ferocious growth. But rebounding American equities look mighty impressive next to the year's real losers: the victims of the eurozone debt crisis.
The E-Bond Is a Bold Idea, but the EU Is Too Timid
The notion that the EU could issue a eurozone-wide bond is probably the most sweeping proposal yet to relieve country debt problems. But the ad hoc measures Europe has been taking to put out fires are likely to remain the status quo. One big reason: Germany.
Spain to Sell Stake in State Lottery as Debt Crisis Looms
With the fears of a European sovereign debt crisis growing worse, the Spanish government said Wednesday that it's taking several measures to stop the fiscal contagion from reaching its shores, including selling a 30% stake in its national lottery business, Bloomberg reported.
Is the Global Economy
Rolling Over?
The recent tremors in the markets may have deep roots. As investors are becoming aware, there is growing evidence that the economy is slowing down in Europe, Asia and the U.S. Here's a look at some of the key data.
Eurozone Growth Slows as Austerity Takes Its Toll
Economic performance among EU nations is getting more divergent. While Germany and France continue to modestly expand, debt-plagued countries like Greece are shrinking. That makes it tough for the European Central Bank to set its monetary policy.
Gold Prices Keep Climbing to
New Records
The price of the precious metal jumped above $1,420 Tuesday on eurozone debt and inflation concerns. Meanwhile, World Bank President Robert Zoellick said that the world's largest economies should consider adopting a new gold standard.
Ireland and Greece in Deep Trouble Again
The capital markets have begun to believe the deficit and debt problems in Ireland and Greece may overwhelm political efforts to balance national budgets.
Europe's Debt Crisis:
Fixed, or Just Papered Over?
Officially, Europe's fiscal health is on the mend, but each time the Continent's debt crisis is declared history, some ugly financial news quickly emerges to undercut those claims. Indeed, the real eurozone meltdown may still lurking beyond the horizon.
Safe Haven No More: Swiss Franc Headed for Trouble
The Swiss franc has been a top currency over the past six months, outpacing the dollar by 8.9% and the euro by 7.8%, thanks to shaky conditions in Europe. But some signs suggest the Swiss currency is due for a correction.
Reading the VIX: What the 'Fear Index' Is Saying Now
After spiking in May on dismay over Eurozone debt anxiety, the VIX has been trending generally downward, with any jumps being only short-lived. Another spike just occurred. The thing to watch now is if the VIX follows this recent pattern -- or not.