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PTI
New Delhi, January 16, 2012
The national carrier, which is facing financial crunch, has pending bills of 12 special flights for the President, the Vice-President and the Prime Minister which amount to over Rs 110 crore


Associated Press
Paris, January 14, 2012
S&P lowers the ratings of nine countries, complicating Europe's efforts to find a way out of a debt crisis that still threatens to cause worldwide economic harm. It stripped France of its coveted AAA status and dropped Italy even lower. Austria also lost its AAA status, while Spain fell by two notches.


Associated Press
Frankfurt, December 30, 2011
After a turbulent 2011, the 17 countries that use the euro will be quickly confronted in the new year with major hurdles to solving their government debt crisis, just as the eurozone economy is expected to sink back into recession.


Associated Press
Brussels, December 9, 2011
While the EU fiscal deal reached on Friday may help save the euro, the political consequences of the rift with Britain could be enormous. It also remains to be seen whether the European Central Bank will take more aggressive action to buy the bonds of heavily indebted countries.


Associated Press
New York, December 9, 2011
The Dow and S&P 500 both had their second straight week of gains. The yield on the 10-year Treasury note rose back above 2 per cent as investors shed low-risk investments.


Associated Press
Brussels, December 9, 2011
The 17 countries that use the euro, plus six of their European Union partners, agreed on Friday to an ambitious treaty tying their finances together in the hopes of solving Europe's debt crisis. At the same time, opposition led by Britain created a deep rift in the union.


Associated Press
Frankfurt, December 8, 2011
The European Central Bank took modest steps Thursday to help revive Europe's economy and financial system, including cutting a key interest rate. But President Mario Draghi said there is no existing plan for large-scale government bond purchases, as markets had been hoping.


Associated Press
Bangkok, December 8, 2011
Japan's Nikkei 225 fell 0.7 per cent to 8,664.58, dragged down by weaker-than-expected machinery orders. South Korea's Kospi lost 0.4 per cent to 1,912.39.


PTI
Washington DC, December 8, 2011
Obama and Merkel spoke Wednesday afternoon, continuing their ongoing consultations on the financial situation in the Eurozone, the White House said in a statement.


Associated Press
London, December 5, 2011
Markets rallied further on Monday on hopes that Europe's leaders will agree on a plan to restore long-term confidence in the euro, saving it from collapse and averting global economic chaos.


Associated Press
Paris, December 5, 2011
The leaders of France and Germany have called for a new European Union treaty that would automatically punish countries that use the euro if they violate existing limits on overspending. Their proposals will be sent to the other EU leaders ahead of a summit in Brussels on Friday.


Associated Press
Berlin, December 2, 2011
The German chancellor flatly rejected any quick-fix ideas to try and resolve the European financial crisis, telling lawmakers that treaty changes and stricter controls were the only path forward.


Associated Press
Washington, December 1, 2011
European leaders are trying to save their common currency and prevent a meltdown that could tip the global economy into recession. The debt crisis that began in Greece is threatening to overwhelm much bigger economies in Spain, Italy and even France. Here are the most frequently asked questions about the crisis.


Associated Press
Brussels, November 30, 2011
Stock markets around the world rose earlier in the day, hoping that intense pressure from the bond markets would finally force the 17-nation euro zone into quicker and more robust action.


Associated Press
Brussels, November 29, 2011
As German Chancellor Angela Merkel and others have said, if the euro fails, so does the 27-nation European Union, a rousing diplomatic success that united a continent ripped apart by two World Wars.


www.businesstoday.in
December 7, 2011
Starring: Manisha Girotra, Neelam Chhiber, Ashish Joshi, DR Arunachalam Murugiah Arun


Anamika Butalia
December 7, 2011
Debailleul isn't the first Belgian patisserie to hit Indian shores, but it certainly sets the bar high with its superlative spread.


IANS
Rome, November 10, 2011
The amount Italy must pay on the world's fourth-highest debt rose to a record level raising concern that Rome may have to turn to Brussels for help.


IANS
Brussels, October 29, 2011
European leaders agree to increase the eurozone's main bailout fund to one trillion euros as part of a package of measures to stave off Europe's spiralling debt crisis.


PTI
Berlin, October 29, 2011
Europe's new debt crisis strategy suffered a setback when Germany's highest court ordered a stay on the setting up of a special parliamentary fast-track committee to take speedy decisions on the allocation of funds from the eurozone's emergency bailout fund.


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