Spain’s troubled bank, Bankia, asked the government for a 19-billion euro bailout on Friday, just hours after credit rating agency Standard & Poor’s downgraded Bankia and four other banks to junk status.
European Central Bank President Mario Draghi warned Thursday that Europe was at a “crucial moment” if it wanted to save the euro as fears over the eurozone debt crisis mounted upon news that businesses had hit a near three-year low.
Facebook’s IPO has become the subject of two congressional inquiries and a growing number of lawsuits as the social networking website entered its fifth day of public trading on Thursday.
An experimental jumbo-jet sized plane powered by solar energy left Switzerland Thursday for its first transcontinental flight. After stopping in Spain, the pilot hopes to arrive in Morocco next week.
A French judge has called for a mediator to resolve a dispute between Google and French anti-racism groups over the search engine's feature whereby the word "Jew" is automatically suggested with certain name searches.
The OECD said Tuesday that the fragile developed world recovery led by the US and Japan could be stifled if Europe fails to contain the crises of the debtor states.
SpaceX company's Falcon 9 rocket blasted off towards the International Space Station on Tuesday in the first ever commercial space flight of its kind. The rocket carried a capsule named Dragon that is packed with 1,000 pounds of provisions.
Facebook shares dropped below their IPO price in early trading Monday, just a day after the first full trading day of the US' second-largest public offering of all time. The tumble followed a turbulent trading session Friday.
A private company that was set to launch a rocket loaded with supplies to the International Space Station aborted the launch at the last minute on Saturday. It would have been the first commercial flight to the ISS.
Spain's Repsol oil giant and US firm Texas Yale Capital filed a class action lawsuit against the Argentinean state in New York on Tuesday for "compensatory damages" over the country's May 4 nationalisation of the firm's YPF division.
International Monetary Fund chief Christine Lagarde told FRANCE 24 on Tuesday that even an "orderly" Greek exit from the eurozone would pose great risks but remains an option if the country's "budgetary commitments are not honoured".
Three senior executives at US banking giant JPMorgan Chase are set to resign this week following a trading blunder that resulted in a shocking $2 billion loss, which could extend to $3 billion through the end of June, US media has reported.
US tech giant Yahoo! announced Sunday that Ross Levinsohn will temporarily replace chief executive Scott Thompson, who has resigned following controversy about his allegedly inflated resume.
French President-elect François Hollande said Friday he would stick to his optimistic deficit-reduction targets, despite the European Commission saying it only forecast 1.3 percent growth for France next year versus Hollande's aim of 1.7 percent.
The French economy will post zero growth in the second quarter of 2012, its second consecutive quarter of stagnation, the Bank of France predicted on Thursday. The French economy grew by 1.7% in 2011, with growth slowing to 0.2% in the last quarter.
In a sign of strong recovery, Toyota has announced a $1.5 billion profit for the first quarter of 2012, more than quadruple those of the same quarter in 2011, which was a disastrous year, marred by Japan’s tsunami damage.
Facebook, Inc. plans to raise as much as $12 billion in Silicon Valley's largest-ever initial public offering on Thursday, with shares going for $28 to $35 and investors expected to turn out en masse.
The European Union published figures on Wednesday showing unemployment in the eurozone rose to 10.9 percent in March. Spain remained the nation with the highest jobless rate, at 24.1 percent.
Standard & Poor's agency raised Greece's credit rating out of default territory on Wednesday, following structural changes by which nation slashed its debt by one-third. The country remains in the junk category with a CCC rating.
US-based Delta Air Lines is to become the first ever to buy an oil refinery to fuel its own fleet, a plan the company says will bring annual savings of $300 million. It plans to purchase a refinery from ConocoPhillips, with BP to supply crude.
A British court published a report Tuesday saying media tycoon Rupert Murdoch was "not a fit person" to run his company and guilty of "willful blindness" in a phone-hacking scandal that brought down his News of the World tabloid.
