Stocks Slide On New Doubts About Greek Aid

Stocks plunged around the world as fears spread that Europe's attempt to contain Greece's debt crisis would fail. The euro fell to its lowest point against the dollar in a year.

EU Leaders To Gather For Crunch Finance Summit

In a move that is likely to worry the financial world, German Chancellor Angel Merkel has said that eurozone finance summit is unlikely to deliver the silver bullet to resolve the debt crisis.

South Sudan Launches New Currency

South Sudan's President Salva Kiir launched the country's new currency and ordered government officials to repatriate funds, amid concerns about rampant corruption in the world's youngest nation.

Protests At RBS AGM

Protesters dressed as oil addicted bankers demonstrate outside the Royal Bank of Scotland AGM in Edinburgh.

Tokyo Stocks Hammered, BoJ Unleashes Record Funds

Japanese stocks tumbled and the central bank poured a record amount of cash in a bid to soothe money markets shaken by Japan's biggest ever earthquake, a devastating tsunami and a nuclear emergency.

Vale De Almeida Says Europe Will 'Safeguard' The Euro

João Vale de Almeida, the European Union's ambassador to the U.S., discusses the European debt crisis and BP Plc's agreement to form a global strategic alliance with Russian state oil producer OAO Rosneft.
BP agreed to swap a $7.8 billion stake in the company for a 9.5 percent share of Rosneft as part of a drive to extract billions of barrels of oil from above the Arctic Circle.
Vale de Almeida talks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart."

Changing Bonus Culture May Kill British Banks

Ralph Silva, strategist at Silva Research Network, talks about the bonus culture in British banking.

Euro Finances Still Talking Point, Target

With demonstrators and activists in the streets, and officials discussing European budget issues in different capitals, the continent's financial crisis remained a focus and a talking point.

Stocks Rise Sharply On Signs Of Economic Growth

Stocks are starting December with a jump. The Dow Jones industrial average rose 249 points, its biggest gain since Sept. 1.

Irish PM Says Bailout 'Best Deal Available'

Irish Prime Minister Brian Cowen insisted that a massive international bailout agreed after weeks of negotiations was "the best deal available" for Ireland and its people.

EU Ministers Back Ireland Bailout

European diplomats Monday applauded Ireland's decision to accept a loan to prop up its ailing banks. But the Irish finance minister warned the country's banks will need to be pruned, merged or sold.

Europe Hurtles Towards Irish Bank Rescue

Europe hurtled towards a second emergency bailout in six months, launching an urgent mission with the IMF to Dublin to shore up Ireland's devastated banks. The arrival of experts from the European Commission, the European Central Bank and the International Monetary Fund represents a crushing blow to Irish hopes that Ireland could ride out its debt crisis alone, although Dublin has yet to accept money.

EU Fighting For 'Survival' Over Eurozone Debts

The head of the European Union, Herman Van Rompuy, warned that the 27-nation bloc will not survive if it fails to overcome a debt crisis plaguing euro currency governments.

Spoils Of Madoff's Lavish Life On Auction Block

Disgraced financier Bernard Madoff's belongings go on sale this week in New York City. Federal marshals gave the media a preview of what buyers can expect at Saturday's auction at a Manhattan hotel.

Pensions Tax Relief Slashed

The amount UK savers can pay tax-free into a pension will plunge from £255,000 to £50,000 from April 2011.

Szymanski Says Liverpool Sale May Have `Happy Ending'

Stefan Szymanski, a professor of economics at London's Cass Business School, talks about the possible sale of Liverpool FC. He speaks with Maryam Nemazee on Bloomberg Television's "Countdown."

Ireland Needs Brutal Budget Cuts To Slash Deficit: Analysts

Ireland, facing a record public deficit, needs to wield the axe this year to reassure financial markets and brush off speculation that the eurozone member could seek outside help, analysts said. The Irish government, led by unpopular Prime Minister Brian Cowen, wants to slash the deficit from a staggering 32 percent of gross domestic product this year to below the EU limit of 3.0 percent by 2014.

Rogue Trader Kerviel Sentenced To Jail, Fined Blns

A Paris court on Tuesday sentenced rogue trader Jerome Kerviel to three years in jail and ordered the 33-year-old to pay back the five billion euros that his market gambles cost Societe Generale bank. The judge said the trader's acts had "damaged the world economic order" and found him guilty of breach of trust, forgery and entering false data into computers.

One Large Trader Led To May 6 'Flash Crash'

A new US government report has determined the so-called "flash crash" was caused by a single trading firm (Wadell & Reed) executing a computerized selling program in an already stressed market.

Millions Of Bank Complaints

Banks across the UK have recieved more than 1.25 million complaints so far this year.

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