Spanish banks, Greek debt ratings cut as investor concern about Europe's future intensifies

The full text of prime minister's speech in Manchester

The U.S. dollar’s status as a safe-haven currency in risk aversion mode gains momentum again, as investors avoid risky assets amid intensifying concerns over the euroarea crisis. Besides, other safe-haven currencies such as Japanese yen (JPY) and Swiss franc (CHF), which also attract investors’ attention in risk-off environment, seems to be out of favor as their respective central banks doesn’t intend to see them appreciate.

France's new Socialist President Francois Hollande met the German Chancellor Angela Merkel in Berlin and both leaders promised to work together to bring back growth in the recession-hit eurozone.

Political developments across the region look set to dictate critical week for future of the eurozone.

The Greek president Karolas Papoulias has resumed urgent talks today.

Credit Suisse raised IHG's full-year 2013 profit earnings per share by 7 percent and observes scope for 32 percent improvement to 2014 consensus estimates, provided sustained trading momentum.

Germany and France, the two biggest economies in the eurozone, have been hit by rapidly worsening retail sales in the single currency area.

The economic confidence in the eurozone fell more-than-expected in April, showing evidence of region’s recovery in the early part of this year is temporary and raising concerns that the economy is heading towards deepening recession.

Huge construction sector slump plunges UK into "double-dip" territory as the UK economy contracts for the second consecutive quarter.

French voters went to the polls Sunday in the first round of a presidential election that many expect President Nicolas Sarkozy to lose, the first incumbent to be voted out in 31 years.

Gold prices may hit record highs later this year due to volatility in the Middle East and persistent sovereign debt problems.

Grim data from the Eurozone Monday suggests the overhang from the region’s sovereign debt crisis â€" and the austerity measures it’s created â€" will have a deeper impact on the economy than first anticipated.

Single-currency zone gauge indicates contraction, European shares fall

New Delhi gathering offers glimpse of economic, political potential of emerging markets - without the West.

Growth remains the focus in Europe: supply concerns help boost oil prices

J Sainsbury, the retailing and financial services and property investment group, expects customers to spend cautiously in 2012, particularly in first half of the year. Although the short term remains challenging, key events later in the year, such as the Queen's Diamond Jubilee and London 2012 Olympic and Paralympic Games provide opportunities for growth.

Though the economic performance of Europe continues to weigh on the prospects of global growth, emerging markets and the United States are giving a glimmer hope to the world economy, analysts believe.

UK's AAA credit rating in danger after Moody’s puts country on negative watch along with France and Austria.

In the final quarter of 2011, when many world leaders were battling crisis in the euro zone to prevent another global recession, the cash counters at Apple Inc were adding $1,670 to its profits every second.

Euro ends year on weak note with slumps against major currencies as debt crisis goes on.

Mario Draghi warns MEPs that debt contagion could spread worldwide as banks face major funding constraint in new year with €750bn in eurobonds called in.

The eurozone rescue deal briefly outlined Friday by the German chancellor and French president hasn't gone down well with Standard & Poor's, but the "Big Bazooka" Summit? Not if Bundeskanzlerin Merkel has her way.

Live coverage of what's billed as the last chance to save the eurozone at the EU Summit in Brussels.

Almost all the countries in the eurozone face the risk of a credit downgrade.

With the US hit by the global economic crisis and the Eurozone still fighting to save the common currency, Zimbabwe's Reserve Bank Governor has decided to turn to the East and considers using the Chinese Yuan as the country's main currency.

Italy's Prime Minister-designate Mario Monti is still struggling to form a Cabinet as Italian 10-year bonds yields rose back over seven per cent on Tuesday morning.

In an interview with International Business Times, Tory Peer and former shadow treasury secretary Lord Flight described the current EU model as corrupt. He offered three possible scenarios for a New Order.

Former prime minister Tony Blair has urged eurozone leaders to rally round to arrest the collapse of euro which, he said, would have a catastrophic impact on the EU.

European countries must take concerted action to deal with the current sovereign debt crisis, according to Jose Manuel Barroso, president of the European Commission.