Europe must tighten fiscal rules: Merkel

BERLIN – German Chancellor Angela Merkel said the ratings downgrade in the Euro zone was a reminder to “pick up the pace” on the “long road” of reform that Europe has ahead of it and More...

US stocks fall owing to bleak earnings

US stocks closed lower Friday as JP Morgan Chase reported worse-than-expected fourth-quarter earnings, while downgrades of several European countries spurred new concerns over the region’s debt crisis. Investors More...

Credit ratings of nine European nations downgraded by Standard & Poor

Credit rating firm Standard and Poor’s has downgraded the ratings of eight European countries, indicating that the eurozone crisis has entered a dangerous phase. The firm slashed France’s AAA rating More...