Eurozone Debt Crisis

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  Athens Ready For 'Difficult Compromise' With Creditors, Says Greek Prime Minister Alexis Tsipras

  Greek Prime Minister Alexis Tsipras said Athens was ready for a "difficult compromise" which may eventually involve new concessions, a government source said today.

• Eurozone warned 'severe recession' looming

  The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned

• Weekend Read: Low IIP, anti-Austerity ballot, Apple in Dow and more

  From economic analysis to soft trend stories, here are our top 10 picks.

• Crude oil down in Asia on US inventory gain

  "Oil supplies have remained ample, and US oil inventories increased again," said Sanjeev Gupta, head of the Asia-Pacific Oil and Gas practice at Ernst & Young.

• Gold hits four-month low as crisis hurts Euro

  Gold fell for a third day on Wednesday, touching a four-month low and all but wiping out its gains for 2012

• Oil extends losses as Eurozone voters reject austerity cuts

  Oil has gone down over concerns about whether the Eurozone debt crisis can be beaten. Adding to the gloom in the market is poor US economic data that was released last week.

• More uncertainty seen in wake of EU summit

  The fiscal austerity treaty does little to immediately lower high borrowing costs threatening Italy, Spain.

• Eurozone Crisis: Obama speaks to German Chancellor

  US President Barack Obama had a telephonic talk with the German Chancellor Angela Merkel as to hammer out an agreement to resolve the Eurozone crisis.

• China signals reluctance to rescue EU

  The Chinese government over the weekend sought to tamp down international expectations that Beijing might use its large financial reserves to help ease the European debt crisis.

• China's thin margin for error in property policies

  Fears of euro collapsing to unleash a tsunami of financial and economic disruptions around the globe, have added urgency to concerns that China's campaign to cool overheated housing prices may go too far.

• ECB's Draghi urges closer integration in eurozone

  European Central Bank chief Mario Draghi said Thursday the 17 countries that use the euro must tether their economies more tightly to avoid a repeat of the debt crisis

• Rupee up 13 paise against dollar after initial losses

  The Indian rupee saw initial losses reversed and was being quoted 13 paise higher at Rs 48.94 per US dollar in early trade on Wednesday on fresh selling of the American currency by banks and exporters in view of dollar weakness overseas. The rupee resumed lower at Rs 49.14/15 per dollar on the Interbank Foreign Exchange, as against its previ...

• Europe crisis 'scaring the world': Obama

  President Barack Obama said on Monday that the financial crisis rippling through Europe is "scaring the world" and that steps taken by European nations to stem the eurozone debt problem "haven't been as quick as they need to be." At the town hall hosted by LinkedIn, Obama said Europe never fully healed from the financial crisis in 2007. He s...

• Oil prices fall in Asian trade

  Oil prices fell in Asian trade on Wednesday as fears over the eurozone debt crisis returned to haunt the markets after a rebound the day before. The decline also came as investors anticipated the results of a meeting of the US central bank's top policymakers on further measures to perk up the world's biggest economy. Weakness in the US a...

• Oil down in Asia, New York crude falls below $90

  Oil prices were lower in Asian trade on Wednesday, with investor sentiment weighed down by fears over Greece's deepening debt crisis and a downgrade of global energy demand. New York's main contract, light sweet crude for delivery in October, was down 71 cents to $89.50 a barrel in morning trade, and Brent North Sea crude for October settlem...