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American Airlines files for bankruptcy
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Obtain unemployment mortgage protection insurance: Know how
Almost all individuals in the nation obtain mortgage while buying a new house, but unfortunately in the recent economic turmoil, they are unable to pay their monthly mortgage payments. In this situation, it is recommended to obtain unemployment mortgage protection insurance which will help you to be current on your mortgage payments. Unemployment mortgage protection insurance is a type of insurance that provides financial compensation to cover the cost of your mortgage in the event of your unemployment or any other financial hardships. So let us now discuss on how to obtain mortgage protection insurance. There are a few ...
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Greece still to convince Europe over rescue deal
ATHENS/BRUSSELS - Europe gave Greece until Wednesday to convince sceptical international creditors that it would stick to the punishing terms of a multi-billion-euro rescue package, endorsed by parliament as rioters torched downtown Athens. Related S
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Markets dip as Moody’s takes shine off Greek relief
TOKYO - Shares and the euro fell on Tuesday after Moody's warned it could downgrade top-rated sovereigns including Britain, reminding investors that Europe is still deeply mired in a debt crisis despite Athens' steps to avoid a disorderly default. Re
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British police arrest 5 at Murdoch’s Sun newspaper
LONDON - British police threw Rupert Murdoch's scandal-hit News Corporation into fresh turmoil Saturday by arresting five senior staff at the top-selling daily The Sun in a probe into journalists paying police for tip-offs. Related Stories Greece war
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It’s bailout or chaos, PM Papademos tells Greece
ATHENS - Greek Prime Minister Lucas Papademos has told lawmakers to back a deeply unpopular international financial rescue in a vote Sunday or condemn the country to "uncontrolled economic chaos and social explosion." Related Stories Greece warns bai
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Eurogroup’s Juncker warns of possible Greece default
BERLIN - The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday. Related Stories Petroplus Coryton pla
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Greece on "knife edge" in last hours to agree bailout
ATHENS - Greece's prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro rescue, after his finance minister said just hours remain before the euro zone abandons the country to its fate. Related Storie
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Recession risk eases as service sector grows
LONDON - Britain's dominant services sector grew at the fastest pace in 10 months in January and firms became much more optimistic, a survey showed on Friday, crowning a raft of upbeat economic news this week that raised hopes Britain may avoid reces
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Euro under systemic risk, but can’t fail – ECB Costa
LISBON - Failure of the euro is not an option but the euro zone needs to implement new measures decisively to reassure financial markets, ECB Governing Council member Carlos Costa said on Friday. Related Stories Ryanair to open 26 Hungary routes afte
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Recession risk eases as manufacturing rebounds
LONDON - Britain's manufacturing sector unexpectedly returned to growth in January as orders rose for the first time in six months, indicating the UK could skirt recession if the sector continues to recover in coming months. Related Stories Tesco mov
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Markets warm to European debt, Portugal pressure eases
LONDON/ATHENS - Cautious optimism that the euro zone crisis may be turning a corner fuelled demand for European government debt on Wednesday, easing pressure on Portugal, seen as the most vulnerable country after Greece. Related Stories Standard Life
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