Italian Prime Minister Mario Monti has taken the gloves off in his fight to save Italy from disaster in the euro zone debt crisis, daring to stand up to European paymaster Germany in a way unthinkable a few months back. His change of attitude is driven b
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US jobs, housing data push dollar higher vs euro
NEW YORK — Strong U.S. jobs and housing data pushed the dollar higher against the euro Thursday. Traders also sold the euro on weak economic data from Europe and fears that Cyprus won't be able to come up with a new bailout plan by next week's deadline.
UPDATE 1-Euro zone urges Cyprus to propose how to reach bailout
BRUSSELS, March 21 (Reuters) - Euro zone finance ministers urged Cyprus on Thursday to say how it could reach a deal with international lenders that would save it from bankruptcy after the Cypriot parliament rejected the conditions of a bailout offer. Si
Euro zone in reverse as China and US perk up
Euro zone recession ... 'If the situation surrounding Cyprus spirals out of control, the onset of recovery might well be delayed.' Photo: Reuters Flash euro zone PMIs post unexpected declines in March Most survey responses came before Cyprus bailout deal
The close: S&P 500 falls to two-week low
Stocks fell on Thursday, following a global selloff inspired by weak German economic data and ongoing uncertainty in Cyprus. The S&P 500 closed at 1,545.80, down 12.91 points or 0.8 per cent – the setback coming just a day after the broad index came with
GLOBAL MARKETS-Cyprus, European data rattle shares, oil and euro
* European shares, crude oil slide on weak manufacturing data * Euro struggles on weak euro zone data, Cyprus uncertainty * Treasury prices gain on safety bid as Cyprus in focus NEW YORK, March 21 (Reuters) - Global equity markets, crude oil and the euro
Cyprus given deadline as ECB flexes its muscle in the euro zone
BERLIN — The euro currency union, a centerpiece European policy for a generation, edged toward a rupture on Thursday when the region’s central bank said it was ready to pull the plug on Cyprus. The stark ultimatum came in a terse statement from the Europ
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