Eurozone
  • Roubini's Gloomy 2013 Outlook Gains Traction

    By Edward Krudy, Reuters

    Economist Nouriel Roubini is standing by his prediction for a global "perfect storm" next year as economies the world over slow down or shudder to a complete halt, geopolitical risk grows and the...

  • Greek leaders push back decision on austerity cuts

    Greek leaders push back decision on austerity cuts

    By Harry Papachristou and Lefteris Papadimas, Reuters

    ATHENS (Reuters) - Greek coalition leaders agreed to meet next week to hammer out almost 12 billion euros worth of austerity cuts demanded by the near-bankrupt country's lenders after a deal proved...

  • Spain debt costs fall, key bond test awaits

    Spain debt costs fall, key bond test awaits

    By Nigel Davies and Carlos Ruano, Reuters

    MADRID (Reuters) - Spain's borrowing costs fell on Tuesday, at the first sale of debt since the government announced a new austerity package, but not enough to suggest markets believe the country's...

  • Indian fishermen say U.S. boat fired without warning

    Indian fishermen say U.S. boat fired without warning

    By Amena Bakr, Reuters

    DUBAI (Reuters) - Indian fishermen who survived a hail of gunfire from a U.S. navy boat off the coast of the United Arab Emirates disputed U.S. claims that their boat drew fire after ignoring...

  • Iran renews Hormuz closure threats

    Iran renews Hormuz closure threats

    By Reuters

    DUBAI (Reuters) - Iran renewed threats on Sunday to close the Strait of Hormuz unless sanctions against it were revoked, though it remains unclear how Tehran could shut down the vital oil shipping...