Eurozone

Budget Battles

  • Iran Nuclear Deal Fades as Tensions Mount

    By ALISTAIR LYON, Reuters

    s tensions over Iran's nuclear program ratchet higher once again, Supreme Leader Ayatollah Ali Khamenei's aversion for the West remains a formidable barrier to any diplomatic solution.

  • Merkel Softens...Cameron Hardens...Spain Punts

    By CARLOS RUANO and ANDREAS RINKE, Reuters

    Chancellor Angela Merkel underlined Germany's readiness to use all instruments to maintain stability in the eurozone on Thursday, fueling expectations that Spain may soon decide to seek help for its...

  • China Cuts Interest Rate on Growth Worries

    By KEVIN YAO and NICK EDWARDS, Reuters

    China delivered a surprise interest rate cut on Thursday to combat faltering growth, underlining concern among policymakers worldwide that the euro area’s deepening crisis is threatening the health...

  • Fitch slashes Spain rating by three notches to "BBB"

    Fitch slashes Spain rating by three notches to "BBB"

    By Reuters

    NEW YORK/MADRID (Reuters) - Spain's credit rating was slashed by three notches on Thursday by Fitch, which signaled it could make further cuts as the cost of restructuring the country's troubled...

  • Lawmakers seek to bolster investment share

    By Doug Palmer, Reuters

    WASHINGTON (Reuters) - A bipartisan group of lawmakers on Thursday are calling for action to boost the U.S. share of global foreign investment, which has fallen 50 percent over the past decade as...