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Wen says China has stake in helping Europe (Reuters)

5 Feb 2012 at 2:44am
Reuters - China has a stake in helping euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as a market and hinting at more possible support for beleaguered exporters.

Olympus to hold shareholder meeting on April 20 (Reuters)

5 Feb 2012 at 2:05am
Reuters - Japan's troubled Olympus Corp said on Sunday it will hold an extraordinary shareholders meeting on April 20, when it is expected to seek approval of a new management team.

Euro zone loses patience with Greece (Reuters)

4 Feb 2012 at 5:38pm
Reuters - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.

Eurogroup's Juncker warns of possible Greece default (Reuters)

4 Feb 2012 at 4:58pm
Reuters - The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday.

Clock ticks on Greece's bailout deadline (Reuters)

4 Feb 2012 at 6:56pm
Reuters - Greek Prime Minister Lucas Papademos faces a critical task of convincing international lenders and political party leaders on Sunday to agree to the stringent terms of a 130 billion euro ($171 billion) rescue plan to stave off looming default.

Markets rally after forecast-busting US jobs data (AP)

3 Feb 2012 at 8:42am

AP - Stocks spiked sharply higher on Friday after forecast-busting U.S. jobs figures reinforced hopes that the recovery in the world's largest economy is gathering pace at a time when other regions, notably Europe, may be heading back into recession.

Unemployment rate hinges on more than job gains (AP)

3 Feb 2012 at 2:50pm
AP - For most people, the 8.3 percent unemployment rate is the most visible sign of the economy's health. The rate's every movement is closely watched, especially in an election year.

Aon Q4 profit rises, but margin pressures persist (Reuters)

3 Feb 2012 at 9:54am
Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.

Clinton: US, Europe must do more against tyrants (AP)

4 Feb 2012 at 9:57am

AP - The Obama administration on Saturday called for stepped up U.S.-European cooperation to isolate tyrannies like the Assad regime in Syria, promote democracy in the Arab World and beyond and repair damage from the global financial crisis.

New York sues banks over electronic mortgage system (Reuters)

3 Feb 2012 at 4:54pm
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.

Hungary seeks 15-20 billion euro IMF/EU credit line: official (Reuters)

4 Feb 2012 at 6:19am
Reuters - Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying.

Euro zone sales tumble at Christmas, no sign of growth (Reuters)

3 Feb 2012 at 5:38am
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.

Romney focuses on Obama, Gingrich on Romney in NV (AP)

3 Feb 2012 at 5:35pm

AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.

Attackers blow up gas pipeline in Egypt's Sinai (AP)

5 Feb 2012 at 1:23am
AP - An Egyptian security official says attackers have set off explosives along a gas pipeline in the country's Sinai peninsula, halting exports to neighboring Israel and Jordan.

Palestinians call for PM's fall over taxes (AP)

4 Feb 2012 at 6:27am

AP - Hundreds of Palestinian protesters have called for their prime minister's resignation over recent tax and price increases.

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