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Debt crisis: live (2/23/2012 12:44:35 AM)
Ratings agency Fitch says Greek debt write-off will constitute a 'rating default', as the country's main unions prepare to hold anti-austerity protests later today.
BUYOUTS-LBO borrowers rush to amend, extend loans (2/22/2012 7:24:02 PM)
NEW YORK, Feb 22 (Reuters-BUYOUTS) - Lower-rated borrowers backed by private equity shops are seizing the opportunity to amend and extend their debt facilities, while lenders are willing to accept...
Indian call centres 'in US fraud' (2/22/2012 6:24:04 PM)
Indian call centres were used to swindle millions of dollars out of Americans in a debt collection fraud, say US federal officials.
Fitch downgrades Greece on debt swap plan (2/22/2012 5:04:05 PM)
ATHENS (Reuters) - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.
Fitch downgrades Greece on debt swap plan (2/22/2012 5:04:05 PM)
ATHENS (Reuters) - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.
Europe's debt crisis set to dominate G20 talks (2/22/2012 7:26:46 AM)
MEXICO CITY (Reuters) - Europe's debt crisis will dominate talks between Group of 20 (G20) policymakers this weekend as the rest of the world looks for pledges that the euro zone will boost its crisis safety net.
Europe's debt crisis set to dominate G20 talks (2/22/2012 7:26:46 AM)
MEXICO CITY (Reuters) - Europe's debt crisis will dominate talks between Group of 20 (G20) policymakers this weekend as the rest of the world looks for pledges that the euro zone will boost its crisis safety net.
Cameron calls for tough action on debt crisis after £110bn Greek bailout agreed (2/22/2012 6:47:54 AM)
DAVID CAMERON called last night for tough action to prevent Greek debt turmoil spreading as City analysts warned that a £110bn bailout does not spell the end of the “crisis marathon”.
Breaking News: PM: Europe must prevent contagion (2/22/2012 2:07:59 AM)
David Cameron has called for tough action to prevent Greek debt turmoil spreading as City analysts warned that the £110 billion bailout does not spell the end of the "crisis marathon".
Breaking news: PM: Europe must prevent contagion (2/22/2012 2:07:55 AM)
David Cameron has called for tough action to prevent Greek debt turmoil spreading as City analysts warned that the £110 billion bailout does not spell the end of the "crisis marathon".
Paradise lust: the man who sexed up America (2/22/2012 1:06:14 AM)
Christopher Columbus didn't know where he was going when he set out and he didn't know where he had been when he got back. But was Amerigo Vespucci, who died 500 years ago today and after whom America was named, any better informed?Related StoriesGreece secures bailout to avoid debt defaultEurope must prevent contagion, says David CameronDominique Strauss-Kahn arrested in prostitution caseDoubts over viability of new Greece rescue dealOn the streets of Athens: 'If things get any worse, I won't be able to survive...'
VIDEO: Cameron: Eurozone needs 'firewall' (2/22/2012 12:24:45 AM)
British Prime Minister David Cameron has said that it is now important to build "a firewall large enough to prevent contagion", after a new deal was agreed to help Greece tackle its debt crisis.
UK & World News: PM: Europe must prevent contagion (2/21/2012 11:48:22 PM)
David Cameron has called for tough action to prevent Greek debt turmoil spreading as City analysts warned that the £110 billion bailout does not spell the end of the "crisis marathon".
Breaking News: PM: Europe must prevent contagion (2/21/2012 10:29:46 PM)
David Cameron has called for tough action to prevent Greek debt turmoil spreading as City analysts warned that the £110 billion bailout does not spell the end of the "crisis marathon".
The €130 billion question: is EU postponing the inevitable? (2/21/2012 7:58:32 PM)
Talking Point Tue 21 Feb, AT 12:14 Euro debt crisisEurope Latest bailout will mean an austerity regime the Greeks will never be able to cope with
Dominique Strauss-Kahn to be questioned in prostitution case (2/21/2012 6:26:26 PM)
Former International Monetary Fund chief Dominique Strauss-Kahn is being questioned today by French police investigating a suspected hotel prostitution ring.Related StoriesEurozone governments agree second Greece bail-outEurozone governments agree second Greece bailoutGreek bailout good for Britain says OsborneGreek bailout good for Britain says George OsborneGreece secures bailout to avoid debt default
Man Utd cut debt and lift revenue (2/21/2012 3:09:26 PM)
Man Utd says revenues for the last six months of 2011 increased by £18.5m on the year before to £175m, while debt was cut.
Greece gears up for tough reforms (2/21/2012 3:09:26 PM)
The Greek cabinet is to meet for talks on launching reforms stipulated by creditors in return for a massive bailout and debt write-down.
Eurozone agrees €130bn bail-out for Greece (2/21/2012 3:09:26 PM)
The eurozone has agreed a second €130bn Greek bailout after asking private investors to take bigger losses on Greece's debt and by further stripping the country of sovereignty over its finances.
Debt crisis and Greek bail-out: live (2/21/2012 3:46:43 AM)
European finance ministers continue talks to decide on Greece's second bail-out, while the Dutch finance minister demands a permanent troika presence in Athens and a report shows that Greece will miss debt reduction targets.
Greek debt nightmare laid bare (2/21/2012 1:25:56 AM)
A "strictly confidential" report on Greece's debt projections prepared for eurozone finance ministers reveals Athens' rescue programme is way off track and suggests the Greek government may need another bail-out after a second rescue.
China to push fixing local government debt, housing loans (2/20/2012 6:48:10 PM)
BEIJING (Reuters) - Defusing questionable local government debt and containing risky real estate loans are priorities at a time when the global financial crisis is deepening, China's banking regulator said on Monday.
Japan and China pledge euro help (2/20/2012 10:24:27 AM)
Leaders in Japan and China say they will help the eurozone solve its debt crisis through the International Monetary Fund (IMF).
Free exchange: Latin lessons (2/20/2012 7:07:39 AM)
EUROPE’S handling of its sovereign-debt crisis has been disastrous. Euro-zone leaders succeeded in turning a manageable economic problem in Greece into a political conundrum that jeopardises the single currency. A premature insistence that private-sector creditors take a hit on Greece has fostered contagion. Massive write-offs are necessary but nobody yet knows what constitutes sustainable debt or what Greece’s “real” GDP is. In Latin America in the 1990s debt relief was granted only when fiscal adjustment and structural reforms were very advanced. This is certainly not the case in Greece. Although the European Central Bank’s three-year liquidity operations and the probable provision of more bail-out money for Athens provide a breathing space for a more comprehensive solution, Greece will remain a source of uncertainty. The country is in a deep recession: its GDP has fallen and unemployment has risen for three consecutive years. More austerity will only increase eco
US hedge funds set to take over at Travelodge (2/20/2012 12:15:02 AM)
Two US hedge funds are poised to wrest control of Travelodge from Dubai's sovereign wealth fund as the UK budget hotel chain struggles beneath a £530m debt pile.
Shares to react to Greek decision (2/19/2012 9:53:45 PM)
STOCK markets should get clarity on the Greek debt crisis this week after months of uncertainty that have caused turbulence for investors.
Four Seasons care homes in talks with new investors (2/19/2012 9:24:47 PM)
Four Seasons, Britain's biggest care homes operator, is in talks with potential new equity investors to help the business grapple with its crippling debt burden.
Germany bows to global pressure and signals Greek rescue deal (2/19/2012 9:05:00 PM)
Europe's key powers are on the brink of a €130bn (£108bn) debt deal to rescue Greece and avert the first sovereign default in Western Europe in over half a century.
Banks push FTSE 100 through 5,900 barrier (2/18/2012 4:04:35 PM)
Banking stocks helped the blue-chip index break through the 5,900 barrier during mid-morning trading as investors waited for news on Greece's debt restructuring deal.
Debt crisis: as it happened February 17, 2012 (2/18/2012 5:44:13 AM)
Bank of England's Adam Posen warns that the UK economy isn't safe from the eurozone debt crisis, as Germany's finance minister seeks to reassure Europe ahead of key Greek bailout talks on Monday.
German president resigns in setback for Merkel (2/17/2012 1:24:03 PM)
BERLIN (Reuters) - Angela Merkel's hand-picked choice for the ceremonial post of president resigned on Friday in a scandal over political favors, dealing a blow to the German chancellor in the midst of the euro zone debt crisis.
Relics of 'incalculable' value stolen from Ancient Olympia (2/17/2012 12:47:54 PM)
LAST UPDATED AT 11:43 ON Fri 17 Feb 2012 Euro debt crisisEurope Tim Edwards Second theft of Greek artefacts in a month as culture ministry struggles with austerity cuts
Moody's threatens 122 banks with credit downgrade (2/17/2012 12:23:53 AM)
Moody's Investors Service sent shockwaves through the global banking system and sparked fury in the City yesterday as the ratings agency threatened to slash the credit scores of more than 100 banks in the wake of Europe's debt crisis.
CFPB targets debt collectors and credit bureaus (2/16/2012 7:44:49 PM)
WASHINGTON (Reuters) - The new U.S. Consumer Financial Protection Bureau released a proposal to regulate about 200 debt collectors and companies that produce credit reports as part of an effort to extend its oversight beyond the banking industry.
Moody's puts 114 European banks on downgrade review (2/16/2012 3:07:20 PM)
Moody's warned last night that it may cut the credit ratings of 17 global and 114 European financial institutions in another sign that the eurozone debt crisis is spreading throughout the global financial system.
FTSE LIVE: Market slides as war of words erupts over Greek bailout (2/16/2012 10:28:43 AM)
Reports are circulating that Greece may be given a 'bridging loan' in order to make a £14.5billion debt repayment on March 20, while a full bailout package is delayed until after an election in April.
Debt crisis and Greek talks: live (2/16/2012 9:04:46 AM)
Markets have fallen in early trading on Moody's warning that it may downgrade 114 European lenders as the eurozone debt crisis spreads throughout the global financial system.
Moody's warns may downgrade 17 global banks, securities firms (2/16/2012 8:25:08 AM)
(Reuters) - Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
I'll put my head, heart and soul into saving the UK, promises David Cameron (2/16/2012 4:44:08 AM)
DAVID CAMERON will today say the "head, heart and soul" of the UK is more important than questions of national debt and North Sea oil.
Greece seeks Monday bailout deal, EU questions remain (2/16/2012 2:04:17 AM)
ATHENS (Reuters) - Greece expressed hope it can secure its second EU/IMF bailout in as many years and a deal on easing its debt burden next week, but its euro zone peers made clear the months of increasingly ill-tempered argument are not quite over yet.
Greece seeks Monday bailout deal, EU questions remain (2/16/2012 2:04:17 AM)
ATHENS (Reuters) - Greece expressed hope it can secure its second EU/IMF bailout in as many years and a deal on easing its debt burden next week, but its euro zone peers made clear the months of increasingly ill-tempered argument are not quite over yet.
TEXT: S&P Places Kellogg Corp. CCR, Rtgs On WatchNeg (2/16/2012 12:44:17 AM)
SAN FRANCISCO (Standard & Poor's) Feb. 15, 2012--Standard & Poor's Ratings Services today placed its 'BBB+' long term corporate credit rating and senior unsecured debt ratings on Battle Creek,...
Greek debt crisis: Lambrousi Harikleia threatens to jump off Athens office building (2/15/2012 8:04:04 PM)
This is the dramatic moment a Greek woman threatened to jump from an Athens building - because she was about to lose her job because of the euro debt crisis.
Analysis: Drugmakers relegate Europe as crisis saps returns (2/15/2012 3:24:20 PM)
LONDON (Reuters) - Europe's debt crisis is not only making its citizens poorer, it is also reducing their access to cutting-edge medicines.
North and south split as euro zone economy shrinks (2/15/2012 2:24:37 PM)
BRUSSELS/PARIS (Reuters) - The euro zone economy shrank at the end of 2011 and will flirt with a mild recession under the weight of the sovereign debt crisis, but strength in France and resilience in Germany may keep it above water.
Greek bailout on hold again – what’s gone wrong this time? (2/15/2012 10:08:22 AM)
Euro debt crisisEurope Summary Wed 15 Feb 2012, AT 07:52 Increasingly bullish European leaders prepare for Greece to default and leave the euro
China to keep investing in euro zone debt: China c.bank (2/15/2012 9:44:13 AM)
BEIJING (Reuters) - China will continue to invest in euro zone government debt and it remains confident in the euro, the country's central bank governor said on Wednesday, while calling on Europeans to produce more attractive investment products for China.
Greece hits BNP Paribas profit (2/15/2012 8:44:49 AM)
BNP Paribas reports a 50% fall in profit for the final three months of 2011, after taking further losses on its Greek debt holdings.
Greece bailout talks called off (2/15/2012 8:44:49 AM)
The frenzied effort to bail out Greece and save it from a potentially devastating debt default has suffered another setback as a crucial meeting of eurozone finance chiefs was called off.
Fears rise as Greece falters (2/15/2012 1:26:22 AM)
NEW doubt was cast last night over a solution to the Greek debt crisis after eurozone ministers cancelled a crunch meeting because Athens had not provided enough information on spending cuts.
Moody's threatens to downgrade UK (2/14/2012 3:25:07 PM)
Moody's put the UK, France and Austria on negative outlook late on Monday night, raising the prospect that the three countries would lose their triple A ratings due to exposure to the eurozone debt crisis.
Moody's warns may cut AAA-rating for UK and France (2/14/2012 2:24:28 PM)
NEW YORK (Reuters) - Rating agency Moody's warned it may cut the triple-A ratings of France, Britain and Austria and it downgraded six other European nations including Italy, Spain and Portugal, citing growing risks from Europe's debt crisis.
Moody's threatens to downgrade UK (2/14/2012 11:03:46 AM)
Moody's put the UK, France and Austria on negative outlook late on Monday night, raising the prospect that the three countries would lose their triple A ratings due to exposure to the eurozone debt crisis.
EU debt crisis tops China agenda (2/14/2012 5:35:03 AM)
Leaders from China and the European Union are holding a summit in Beijing set to focus on Europe's debt crisis, as the EU hopes for Beijing's support.
Moody's warns UK, France, Austria over AAA rating (2/14/2012 2:23:53 AM)
NEW YORK (Reuters) - Rating agency Moody's warned on Monday it may cut the triple-A ratings of France, the United Kingdom and Austria, and it downgraded six other European nations including Italy, Spain and Portugal, citing growing risks from Europe's debt crisis.
Athens becomes a war zone as Greece votes for austerity (2/13/2012 5:27:14 PM)
Euro debt crisisEurozone First Post Mon 13 Feb 2012, AT 08:33 Parliament passes cuts programme by 199-74 votes, but can it enforce €3.3bn savings on rebellious populace?
Chafing at insults, Germany loses patience with Greece (2/13/2012 3:23:47 PM)
BERLIN (Reuters) - Germany is running out of patience with throwing money into the "bottomless pit" of Greece's debt crisis and any lingering sympathy in Berlin is being undermined by anti-German slogans on the lips of politicians and austerity protesters in Athens.
EU aviation carbon tax fuels concerns (2/13/2012 2:03:42 PM)
SINGAPORE (Reuters) - Global planemaker Airbus joined a chorus of concern that a European scheme to charge airlines for carbon emissions risks triggering a full-blown trade war, with implications for plane deals and even Europe's crippling sovereign debt crisis.
SPL: Celtic announce huge drop in profits for second half of 2011 as club reduces bank debt (2/13/2012 12:28:23 PM)
CELTIC reduced their bank debt by £2million during the second half of last year although pre-tax profits fell considerably, their interim financial results show.
Celtic reduce debts (2/13/2012 11:23:44 AM)
Celtic reduced their bank debt by £2million during the second half of last year, their interim financial results show. They made a pre-tax profit of about £180,000.
North Wales News: Wrexham council accused of “bully boy” tactics (2/13/2012 10:26:55 AM)
A COUNCIL has been accused of “bully boy” tactics after sending in debt collectors against pensioners over a disputed drain bill.
North Wales News: Wrexham council accused of being “bully boys” (2/13/2012 8:48:26 AM)
A COUNCIL has been accused of “bully boy” tactics after sending in debt collectors against pensioners over a disputed drain bill.
UK & World News: Athens riots as cuts vote looms (2/13/2012 2:09:22 AM)
Rioting has spread across central Athens and buildings have gone up in flames amid mass protests as MPs prepare to vote on a crucial debt deal needed to prevent bankruptcy.
Breaking News: Athens riots as cuts vote looms (2/12/2012 11:48:10 PM)
Rioting has spread across central Athens and buildings have gone up in flames amid mass protests as MPs prepare to vote on a crucial debt deal needed to prevent bankruptcy.
Breaking News: Athens riots as cuts vote looms (2/12/2012 11:48:10 PM)
Rioting has spread across central Athens and buildings have gone up in flames amid mass protests as MPs prepare to vote on a crucial debt deal needed to prevent bankruptcy.
Breaking news: Athens riots as cuts vote looms (2/12/2012 10:47:53 PM)
Rioting has spread across central Athens and buildings have gone up in flames amid mass protests as MPs prepare to vote on a crucial debt deal needed to prevent bankruptcy.
Athens riots as cuts vote looms (2/12/2012 9:04:15 PM)
Rioting has spread across central Athens and buildings have gone up in flames amid mass protests as MPs prepare to vote on a crucial debt deal needed to prevent bankruptcy.
Northern Ireland Nama suggested (2/12/2012 11:24:02 AM)
A Nama-style bank in Northern Ireland dealing with property debt could local banks may be more willing to lend to businesses.
Italy doesn't need firewalls, Europe does: Monti (2/11/2012 2:43:43 AM)
NEW YORK (Reuters) - Italian Prime Minister Mario Monti said Rome will not need bailout funds to overcome its debt crisis, but he reiterated that Europe should build large financial firewalls to "impress the market and take the perception of risk away."
S&P suffers year's biggest loss as Greek deal falters (2/11/2012 2:43:43 AM)
NEW YORK (Reuters) - The S&P 500 posted its biggest daily percentage decline thus far in 2012 on Friday after an about-face on Greece's long-awaited debt deal ended a five-week streak of gains for equities.
Questions Of Cash: Co-op Bank slashed credit limit after I was fraud victim (2/11/2012 1:43:54 AM)
Q. Someone used my old address to obtain a T-Mobile phone account. I found out because the postman for my old address tipped me off, so I contacted T-Mobile and stopped the account. Then I got a letter from a debt collection agency demanding £400 for cancelling the account.
IMF must help avoid Greek "explosion": Italy's Monti (2/10/2012 3:23:55 AM)
WASHINGTON (Reuters) - Greece's debt crisis on Thursday dominated the first day of Italian Prime Minister Mario Monti's visit to the United States, as he urged the International Monetary Fund to be more lenient with Athens in bailout talks to prevent "a big potential explosion."
FTSE 100: Energy stocks fuel large-cap recovery (2/10/2012 12:44:23 AM)
Consumer goods giant, Reckitt Benckiser, put in a polished performance as the FTSE 100 recovered its poise despite continued uncertainty over a Greek debt deal.
IMF must help avoid Greek "explosion": Italy's Monti (2/10/2012 12:24:05 AM)
WASHINGTON (Reuters) - Greece's debt crisis on Thursday dominated the first day of Italian Prime Minister Mario Monti's visit to the United States, as he urged the International Monetary Fund to be more lenient with Athens in bailout talks to prevent "a big potential explosion."
Credit Suisse cuts bonus pay-outs by 57pc (2/9/2012 9:04:07 PM)
Credit Suisse cut its executive bonus pool by 57pc last year, as the eurozone debt crisis impacted its profitability.
Sovereign bonds: Oat cuisine (2/9/2012 7:48:53 PM)
FIFTEEN years ago Western government bonds were regarded as being like porridge: stodgy but easily digestible. Investors knew returns would be modest but perceived the asset class as risk-free, an important concept in both financial theory and portfolio construction. And bond markets were seen as all-powerful, capable of imposing discipline on governments by pushing up borrowing costs in the face of irresponsible policies. James Carville, an adviser to President Bill Clinton, spoke with awe of their intimidatory power.Things are different now. The bond vigilantes seem less frightening. They were asleep at the wheel as debts mounted in the euro zone, waking up in time to provoke the latest crisis but not avoid it. Private-sector bond investors in Greek sovereign debt face losses of around 70%, making the idea that government bonds are risk-free laughable.The most powerful investors in many government-bond markets are not profit-maximising fund managers but central an
Bank of England pumps more cash into economy to support recovery (2/9/2012 1:44:06 PM)
LONDON (Reuters) - The Bank of England voted to inject more cash into the economy to shore up a fragile recovery and shield the country from fallout from the unresolved euro zone debt crisis.
Deadlock in Greece austerity talks (2/9/2012 10:04:04 AM)
A crucial meeting between Greece's prime minister and debt inspectors on averting the country's bankruptcy has ended with no definite results.Related StoriesDrillers reach hidden Antarctica ice lakeIs this Iceland's Loch Ness monster? Lagarfljot river worm caught on filmThe Netherlands: Freeze offers skaters rare chance of marathon raceHonecker's widow longs for homelandRussian city backs fines for 'promoting gay life'
Deadlock in Greece austerity talks (2/9/2012 9:04:06 AM)
A crucial meeting between Greece's prime minister and debt inspectors on averting the country's bankruptcy has ended with no definite results.
Defence Cuts 'May Leave Britain Ineffective' (2/9/2012 8:28:42 AM)
Britain's parliamentary defence committee is warning that it may no longer be possible to conduct operations such as the intervention in Libya last year after severe cuts imposed by a £39bn debt in the Ministry of Defence.
FTSE 100: Polished performance from Reckitt as blue-chips lose shine (2/9/2012 6:23:54 AM)
Consumer goods giant, Reckitt Benckiser, put in a polished performance as the FTSE 100 recovered its poise despite continued uncertainty over a Greek debt deal.
Debt crisis and Greek debt talks: as it happened, February 8, 2012 (2/9/2012 12:04:29 AM)
Wall Street slips into the red as S&P warns that the US could be downgraded again if it fails to create a "credible" fiscal plan, while Greek debt talks continue in Athens.
FTSE 100: Reckitt puts a shine on benchmark index (2/8/2012 6:44:36 PM)
Consumer goods giant, Reckitt Benckiser, put in a polished performance as the FTSE 100 recovered its poise despite continued uncertainty over a Greek debt deal.
S&P cuts Sony rating, warns of further downgrade (2/8/2012 11:44:26 AM)
TOKYO (Reuters) - Standard and Poor's cut its long-term debt rating on Sony Corp on Wednesday to BBB+, warning it may drop the consumer electronics giant a further notch within a year unless it shows it can achieve a significant turnaround in profitability.
S&P cuts Sony rating, warns of further downgrade (2/8/2012 10:44:11 AM)
TOKYO (Reuters) - Standard and Poor's cut its long-term debt rating on Sony Corp on Wednesday to BBB+, warning it may drop the consumer electronics giant a further notch within a year unless it shows it can achieve a significant turnaround in profitability.
Shire's shot in the arm fails to rouse FTSE (2/7/2012 7:44:50 PM)
While the market retreated to a darkened room as the interminable Greek debt talks dragged on, drug-maker Shire was on perkier form.
Debt crisis and Greek debt talks: live (2/7/2012 5:04:10 PM)
US Federal Reserve chairman repeats his vow to 'take every available step' to shield America from the eurozone debt crisis as Greek political leaders prepare for crucial crunch talks to avoid a debt default.
FTSE LIVE: Greece debt deal delays unsettle investors (2/7/2012 4:24:03 PM)
Greek political leaders face more talks today to clinch an agreement needed to avoid a messy debt default.
Stocks muted amid Greece deadlock (2/7/2012 1:04:13 PM)
Asian stock markets were muted as talks dragged on to resolve a massive debt mess in Greece before it explodes into a wider financial crisis.
Greece cuts jobs in austerity drive (2/7/2012 1:04:13 PM)
Greece's coalition government has caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements.
Unsecured debt falls for third year in a row (2/7/2012 12:44:10 PM)
British families are struggling under £8,000-worth of debt – even after three years’ of paying off loans and plastic cards.
UBS warns of poor Q1 as investment bank struggles (2/7/2012 11:24:04 AM)
ZURICH (Reuters) - Swiss bank UBS predicted further weakness in investment banking after a restructuring of the business failed to prevent an earnings hit from the euro zone debt crisis and worries about the global economy.
Greek leaders face crunch talks as unions strike (2/7/2012 11:24:04 AM)
ATHENS (Reuters) - Greek party leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms now and a national strike against more austerity.
Greek hopes prop up euro, results hit shares (2/7/2012 11:24:04 AM)
LONDON (Reuters) - The euro was underpinned by hopes a way would be found to push through a second bailout deal for Greece, though poor results from some top European firms on Tuesday rekindled unease about the region's debt crisis, sending shares lower.
Greece default: Face up to the debt or face worse disaster (2/7/2012 2:25:23 AM)
RUTH SUNDERLAND: The markets seem still to reckon some sort of deal will be done. It may well be, but it will not deal with the real problem, which is that Greece is hopelessly hobbled by its debt burden.
IMF warns on threat to China's growth (2/7/2012 2:04:23 AM)
China's soaring growth rate could be cut in half this year if Europe's debt crisis worsens significantly, the International Monetary Fund (IMF) warned yesterday.Related StoriesBritons rule in the album chartsWeb craze's toy storyBT in protest at price cutsJanuary hangover signals yet another tough year for high streetS&N pays $22m to settle Greek bribery case
UPDATE 1-CEDC to review Russian Standard's debt relief offer (2/7/2012 1:24:04 AM)
Feb 6 (Reuters) - Central European Distribution Corp said its board is reviewing Russian Standard's offer to help the Polish vodka maker repay its debt in exchange for a bigger stake.
UPDATE 1-TBS International files for pre-packaged bankruptcy (2/7/2012 1:24:04 AM)
Feb 6 (Reuters) - TBS International Plc, which provides shipping services, filed for prepackaged Chapter 11 bankruptcy as part of a debt restructuring agreement with its lenders.
UK Families 'Among World's Most Indebted' (2/6/2012 6:48:54 PM)
The average household in Britain has nearly £8,000 worth of debt from loans, overdrafts and credit cards, despite spending three years trying to pay them down, a study has found.
VIDEO: Greece restarts debt crisis talks (2/6/2012 5:04:13 PM)
The BBC's Aaron Heslehurst on the resumption of Greece's debt crisis talks and China's refusal to pay a new EU airline tax.