Business
Reuters – Greece has just one day left to strike a deal with impatient lenders and reluctant political party leaders on a 130 billion rescue plan before the country is pushed towards a chaotic default, its finance minister warned on Saturday.
Continue reading about Greece says faces 24-hour deadline to clinch rescue (Reuters)
AP – Greek finance minister: Debt talks held up by labor reforms.
AP – Italy is now a “safe place” amid market turbulence, Premier Mario Monti said in an interview published Saturday, pressing for Europe to turn its political energy to generating growth rather than further plans to strengthen budget discipline.
Continue reading about Report: Monti says Italy a "safe place" (AP)
AP – “Crucial” issues remain to be resolved in Greece’s critical negotiations over a second multibillion euro international bailout, and talks would continue into the weekend, the country’s Finance Minister said early Saturday.
Continue reading about Greek debt talks to stretch into weekend (AP)
AP – Hackers have attacked the Greek Justice Ministry website to protest the government’s signing of a global copyright treaty and its handling of the financial crisis.
Continue reading about Hackers attack Greek Justice Ministry website (AP)
AP – Retail sales in the 17 countries that use the euro unexpectedly fell during the crucial month of December, official figures showed Friday, raising fears of a looming recession in the single currency bloc.
Continue reading about Eurozone retail sales in surprise December fall (AP)
Reuters – Retail sales in the euro zone tumbled unexpectedly in December, the biggest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut signs of a stabilization in Europe’s economy.
Continue reading about Euro zone sales tumble at Christmas, no sign of growth (Reuters)
AP – Hungary’s Malev airline says its has ceased operations and grounded all its flights to “minimize damage” after its financial situation became unsustainable.
Continue reading about Hungary’s Malev airline ceases operations (AP)
AP – The Dow Chemical Co. is feeling the impact of the slowing European economy, and seeing some weakness in North America as well.
Continue reading about Dow Chemical posts 4Q loss on charge (AP)
AP – Investors coasted on Thursday, leaving stocks unchanged while they looked ahead to Friday for a major jobs report. U.S. government bonds hardly moved, and neither did European stocks.
Continue reading about US stocks flat ahead of unemployment report (AP)
