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European Central Bank
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Stocks in Europe and the U.S. remained firm Friday after better than expected U.S. retail sales data helped ease concerns that the world's largest economy is heading back into recession, while a ban on short-selling in several eurozone countries lifted bank shares.
With markets tumbling on both sides of the Atlantic, French President Nicolas Sarkozy interrupted his summer vacation to hold an emergency meeting about the crisis.
Wall Street stocks took another tumble Wednesday after a brief recovery as worries widened over the health of U.S. and European banks hit hard by debt crises on both sides of the Atlantic.
The debt crisis is likely to be with us for quite a while. And since the TV talking heads speak in gobbledygook, what could be more useful right now than a layman's glossary?
A unit of Warren Buffett's Berkshire Hathaway Inc. has bid $3.25 billion for insurer Transatlantic Holdings.
Greek Finance Minister Evangelos Venizelos on Monday asked U.S. policymakers and business leaders for support as his country finalizes another rescue package to avoid a second default in recent years.
Stronger than expected U.S. jobs figures helped stocks rally Thursday and helped investors brush off interest rate increases in China and Europe.
Greece's new finance minister was negotiating with the country's international creditors Thursday over the finishing touches of a €28 billion ($41.6 billion) austerity package that must be passed by Parliament next week if the country is to receive crucial bailout funds.
Sour reports Thursday on the number of people who sought unemployment benefits and buyers of new homes illustrate what Federal Reserve Chairman Ben S. Bernanke acknowledged Wednesday: Many factors weighing on the economy are proving to be more chronic than first imagined.