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European shares are seen opening lower Friday as weak data from the U.S. tempers sentiment despite strong corporate earnings this week. The FTSE 100 [.FTSE 5744.55 -0.74 (-0.01%) ] is seen opening lower by 14 points, the DAX [.GDAXI 6671.22 --- UNCH ] is called lower by 17 points and the CAC [.FCHI 3174.02 --- [...]

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Stocks (SXXP) fell, U.S. index futures reversed earlier gains and the yen strengthened as earnings missed estimates and Standard & Poor’s said Greece may have to restructure its debt again. Spanish and Italian bonds dropped. The Stoxx Europe 600 Index (SXXP) lost 0.8 percent at 7:25 a.m. in New York. S&P 500 Index futures slipped [...]

A eurozone recession could almost halve Chinese growth this year, according to the International Monetary Fund (IMF). The IMF forecasts China’s economy will grow by 8.2% this year – but warns that a recession in the eurozone could cut this to 4.2%. It said Beijing should get ready to inject billions of dollars into the [...]

China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday. But Wen did not made any explicit financial commitments for the European Financial Stability Facility (EFSF) or the upcoming European Stability Mechanism (ESM). At a joint media briefing in Beijing [...]

The accord was eagerly greeted by the European Central Bank which has long pressed euro zone governments to put their houses in order. “It is the first step toward a fiscal union. It certainly will strengthen confidence in the euro area,” ECB President Mario Draghi said. Officially, the half-day summit focused on a strategy to [...]

Euro bears are on the prowl. Here’s how to sell the single currency and get a bigger bang. The euro [EUR=X 1.3066 0.0016 (+0.12%) ] is up and down today, but bearish investors are expecting worse. “What we’d expect to see is an implosion in the euro, and that’s not happening,” says Todd Gordon, co-head [...]

A bill passed in the US Senate on Tuesday attempting to make it easier for the United States to impose tariffs on goods from countries which are believed to undervalue their currencies is unlikely to be signed into law by President Obama or supported by Republicans in the House of Representatives, Frank Lavin, Chairman at [...]

The ongoing financial turmoil has sparked debate over whether investors are in for a repeat of the global financial crisis that started in 2008. While skeptics have largely doused the concerns, citing reasons from how the macro environment has changed since 2008 to the financial safeguards that governments have put in place, HSBC says the [...]