BERLIN — Greece made little immediate progress in its quest for more time to carry out painful cuts during talks between its Prime Minister Antonis Samaras and Germany’s Chancellor Angela Merkel on Friday.
BERLIN — Greece made little immediate progress in its quest for more time to carry out painful cuts during talks between its Prime Minister Antonis Samaras and Germany’s Chancellor Angela Merkel on Friday.
PARIS — France, following Germany’s lead, insisted on Saturday that Greece must stay in the eurozone but sidestepped its request for more time to implement the harsh austerity measures its creditors insist upon.
The Greek prime minister headed to Paris Saturday on the second leg of a trip to try and win more time for his country to meet a deadline to slash billions of euros (dollars) from its budget.
Facebook Inc on Friday unveiled plans for a massive new campus annex in Menlo Park to be designed by Frank Gehry, the renowned architect who has won plaudits for metal-sheathed works like the Guggenheim Museum in Bilbao, Spain, and the Walt Disney Concert Hall in Los Angeles.
US prosecutors are looking into whether British bank HSBC was involved in laundering money for Mexican drug cartels and moving cash for Saudi Arabian banks with ties to terrorists.
Confidence-building moves by India and Pakistan have received a major boost as the central banks of the two neighbours cleared the way to set up bank branches across the border, media reports said on Wednesday.
The eurozone now looks destined for its second recession in three years, according to business surveys that showed the economic rot is even spreading through Germany, the region’s largest and strongest economy.
Qatar has paid Egypt $500 million, the Egyptian finance minister announced on Thursday, in the first instalment of $2 billion of financial support it had promised to Cairo.
Greece’s prime minister has warned those politicians in Europe who are happy to see the country leave the euro that such an event could trigger a domino effect throughout the 17-nation bloc using the euro currency.
beijing/shanghai — China’s manufacturing sector contracted at its sharpest pace in nine months in August, according to a survey showing falling export orders and rising inventories, a signal that more policy stimulus may be needed to engineer a second half pick-up in growth.