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French President Nicolas Sarkozy will hold emergency talks Wednesday with European leaders in a last-ditch bid to salvage his Group of 20 meeting of world leaders this week after the shock decision by Greece’s prime minister to put his country’s financial rescue to a popular vote.
Sarkozy’s summit in the sun on the Cote d’Azur now […]
Stocks shifted between small gains and losses Wednesday morning as traders tried to anticipate what steps the Federal Reserve might take to stimulate the U.S. economy.
Concerns that Greece could fail to qualify for fresh bailout funds kept gains muted.
The Federal Reserve expects to announce the results of the central bank’s two-day policy meeting Wednesday afternoon.
Some […]
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One of the myths surrounding the 33 miners who were so dramatically rescued after being trapped for 69 days deep inside a Chilean copper mine is that they’re all millionaires and no longer need to work.
The truth: nearly half the men have been unemployed since their mine collapsed one year ago Friday, and just one, […]
Egypt’s government, meeting a key demand by protesters, fired nearly 700 top police officers on Wednesday to cleanse the discredited and widely unpopular force, state television reported.
In another nod to demands by activists, Egypt’s military is delaying parliamentary elections initially expected to take place in September, Egypt’s state news agency said. The vote is now […]
European Union finance ministers cleared the way for Portugal to receive 78 billion euros ($110.8 billion) in aid, making it the third euro-area country to fall back on official loans.
The EU’s two bailout funds, the European Financial Stability Facility and European Financial Stabilization Mechanism, will each provide one-third of the assistance, while the International […]
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Samsung Electronics has suffered a sharp fall in first quarter earnings as competition in the tablet computer market and weakness in its liquid crystal display business offset strength in semiconductors.
The manufacturer of the Galaxy S smartphone and Galaxy Tab tablet said Thursday operating profit for the first three months of 2011 will fall to between […]
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Stocks are headed for a lower opening as investors assess the economic fallout of a massive earthquake in Japan.
The devastating earthquake and tsunami along Japan’s northeast coast killed thousands of people and led to what is expected to be billions in dollars of damage. That raised fears of an economic slowdown in the world’s third-largest […]
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