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FILE - In this Jan. 11, 2012 file photo containers are piling at the harbor in Duisburg, Germany. The German economy shrank by a larger-than-expected 0.6 percent in the final quarter in 2012, official figures showed Thursday, Feb. 14, 2013, in a clear sign that the European financial crisis took its toll on the continent's largest economy. The quarterly decline was primarily due to a drop in exports as demand weakened from other European nations, many of which are in recession, the Federal Statistical Office said. (AP Photo/Frank Augstein, File)

Eurozone recession deepens as Germany falters

David Rising, Pan Pylas -
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Fitch cautiously optimistic over euro debt crisis
Business

Fitch cautiously optimistic over euro debt crisis

Pan Pylas -
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Eurozone industrial output down for 3rd month
Business

Eurozone industrial output down for 3rd month

Pan Pylas -
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Markets steady amid Xmas exodus, US budget doubts
Business

Markets steady amid Xmas exodus, US budget doubts

Pan Pylas -
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A man checks the electronic stock board of a securities firm in Tokyo, Tuesday, Dec. 18, 2012. Asian stock markets were mostly higher Tuesday, boosted by signs China's recovery is gaining traction and hopes for a new stimulus in Japan. (AP Photo/Itsuo Inouye)
Business

US budget remains key driver in markets

Pan Pylas -
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People walk by an electronic stock board of a securities firm in Tokyo, Thursday, Dec. 13, 2012. Asian stock markets rose Thursday with the help of Japan's Nikkei 225, which was propelled higher by a weakening yen. (AP Photo/Koji Sasahara)
News

Market enthusiasm over Fed stimulus fades

Pan Pylas -
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Portuguese carpenter Arturo Ventura closes the door of the carpenter's workshop where he works in Lisbon, Tuesday, Dec. 11, 2012. Ventura's employer Felipe Valentim, whose carpenter's workshop supplies wood materials to construction companies and had around fifty employees, is now trying to sell his company due to a drop in orders over the past two years. The Portuguese Federation of Construction Companies says bankruptcies of building companies increased 43.7 percent between January and October amid the bailed-out country's economic recession, with more than 85.000 jobs lost so far this year. The board on the left reads in Portuguese:
Business

Eurozone industrial output in surprise slump

Pan Pylas -
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In this Friday, Jan. 27, 2012 photo, a sign of RBS, Royal Bank of Scotland, is seen at its office in the City of London. The value of global mergers and acquisitions deals in 2012 was nearly half the amount made five years ago, when the global financial crisis was first baring its teeth, a leading accounting and consulting firm said Wednesday, Dec. 12, 2012. There were a little under 37,000 deals worldwide, around 9,000 less than in 2007, when many companies indulged in a feverish bout of deal-making, many of which led to their financial ruin. Much of the blame for Royal Bank of Scotland PLC’s near-collapse in 2008, which eventually required a government bailout, was due to its over-priced purchase of a large chunk of Dutch bank ABN Amro the year before. (AP Photo/Sang Tan)
Business

Global corporate deals nearly halved in 5 years

Pan Pylas -
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A man inspects inside a food bank full of cardboard boxes with more than 70 tons of foods to distribute to people left needy by Spain's critical economic crisis, in Pamplona, northern Spain, Tuesday Dec. 4, 2012. The number of people officially registered as unemployed in Spain has edged up toward 5 million as the country's recession shows few signs of abating and its struggling banks await crucial bailout cash, Spain's Labor Ministry said Tuesday. (AP Photo/Alvaro Barrientos)
Business

Eurozone retail sales slump in October

Pan Pylas -
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Greece considered more risky to invest than Syria
Business

Greece considered more risky to invest than Syria

Pan Pylas -
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