Articles By J.J. McGrath
With the call for a fresh round of snap elections to the Hellenic Parliament appearing closer by the hour, European central bankers are getting ready for the possibility Greece may depart the euro zone.
Euro-zone paymaster Germany may be willing to consider additional measures to promote growth in Greece, but the Hellenic Republic must still carry out its previously agreed reforms, German Finance Minister Wolfgang Schaeuble said in an interview with Welt am Sonntag this weekend.
Ballots continue to be counted in France and Greece -- where the architects of the austerity solution to Europe's sovereign-debt problem have been advised to turn over their drafting supplies -- but investors are still voting, with their feet, as they appear to be moving out of higher-risk asset classes into lower-risk ones.
Both the center-right New Democracy and the center-left Pasok parties could be in for beatings on Sunday as Greece conducts its first general parliamentary elections since the country's sovereign-debt crisis mushroomed in late 2009.
Facebook Inc. will conduct its initial public offering on May 18, according to sources cited by the Wall Street Journal on Tuesday. The IPO road show will get under way on May 7, MarketWatch reported in its account of the story, which was broken by its News Corp. sibling.
Shukri Ghanem, a former prime minister and oil minister who served in Libya's government under the late Moammar Gadhafi, was discovered dead in the Danube River on Sunday, Austrian police told BBC News.
Cracking down on dietary supplements containing a substance popularly known as DMAA, the U.S. Food and Drug Administration on Friday issued warning letters to 10 distributors and manufacturers, citing the companies for marketing the products without submitting evidence of their safety to the agency.
U.S. Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner are not planning to postpone their visit to China next week because of the reported American protection of a Chinese civil-rights activist who recently escaped house arrest, a State Department official said Saturday.
Chinese activist Chen Guangcheng made his way to the U.S. embassy in Beijing from his home in Linyi village in Shandong province after his escape from house arrest on Sunday, fellow dissident Hu Jia told BBC News.
Notice of the termination of a natural-gas purchase agreement between companies in Israel (the buyers) and companies in Egypt (the sellers) was confirmed Sunday by those on both sides of the contentious issue.