Hungary’s debt downgraded by Moody’s to junk status Moody’s has cut its rating of Hungarian government debt to junk status. The ratings agency blamed Hungary’s high levels of debt and weak prospects for growth, as well as uncertainty about whether … Continue reading
Hong Kong (CNN) – China’s mighty industrial machine is stalling. New figures today show something that will be worrying authorities. First the broad numbers: An index put together by HSBC – with no government input – shows a reading in November of 48. Anything over 50 shows that factories … Continue reading
Athens, Greece (CNN) — Greek Prime Minister George Papandreou won a confidence vote in Parliament early Saturday by a narrow margin, giving his country’s stricken economy some breathing room, but no panacea. The 153-145 vote victory came minutes after Papandreou … Continue reading
Athens, Greece (CNN) — Greece’s cabinet voted Wednesday to support Prime Minister George Papandreou’s call to hold a referendum as soon as possible about the latest bailout plan, ministers coming out of the meeting told a CNN affiliate. The vote … Continue reading
CNN European leaders have thrashed out a deal they hope will resolve the problems that threaten the stability of world markets and the very existence of the euro currency. Marathon negotiations at EU headquarters in Brussels resulted in a deal … Continue reading
(CNN) — The “Occupy Wall Street” movement went global Saturday, crossing the Atlantic to many European cities, where protesters turned out by the thousands for largely peaceful demonstrations. In many cities, handfuls of protesters donned masks portraying a sinister, smiling … Continue reading
London (CNN) — On the steps of St Paul’s Cathedral, tourists gaze out over a tent city within the City, an impromptu encampment in the shadow of one of London’s most enduring landmarks. Below, the colorful canvas of more than … Continue reading
Las Vegas (CNN) — Two-time Indianapolis 500 winner Dan Wheldon died Sunday of “unsurvivable injuries” sustained during a multi-car wreck at the Las Vegas Indy 300. He was 33. The rest of the race — the marquee event of the … Continue reading