News

The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week.

Asian stock markets made little headway Wednesday after a second massive bailout for Greece failed to reassure investors that Europe's debt crisis has been contained.

The Dow crossed 13,000 on Tuesday for the first time since May 2008, but ended at 12,965.69, up by 15.82

Oil prices extended gains in Asian trade today after eurozone finance ministers sealed a deal on Greece bailout

The European Union today shrugged off Iran's threat to cut oil to "hostile" EU nations, saying the bloc was capable of coping with any halt in supplies.

Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports

Asian stock markets were mostly lower Tuesday as talks to prevent Greece from going belly up dragged on.

Eurozone chiefs moved early Tuesday towards closing a deal for a massive new bailout of Greece.

Experts said that the volatile nature of the market and the global economic slowdown have prompted companies to stay away from coming out with new issues.

Italy's central bank chief today predicted that the eurozone's third-largest economy will see a return to growth next year, but he confirmed forecasts that 2012 will be a "year of recession."

Chinese companies' overseas investments slipped to $68 billion last year, slightly down from the previous year, amid a volatile market, according to A Capital's Dragon Index.

British Foreign Secretary William Hague said Sunday that Greece would find it difficult to leave the eurozone, on the eve of a Brussels meeting aimed at securing a new deal to manage the country's debts.

The eurozone finance ministers will take a final decision on the second bailout package for Greece on Feb 20

Asian stock markets were mostly lower Thursday, following Europe and Wall Street down amid growing fears the latest deal to resolve Greece's debts is faltering.

Read why is there so much talk on the Greece crisis and how bad it could get

The dollar rose against the euro Wednesday on fears that Greece won't be able to avoid a default.

European finance ministers insisted on much tighter oversight of Greece's spending and austerity efforts

If you missed our coverage today, here is a quick summary.

Oil rose to near $102 a barrel after Iran announced it would stop crude exports to 6 European countries.