Hedge Fund Dromeus Turns Greek Tragedy to Triumph With 160% Gain

Dromeus Capital Management SA is turning Greek tragedy into triumph.

Puerto Rico’s Second Cut to Junk Debt

Moody’s Investors Service downgraded Puerto Rico’s general-obligation debt to junk status on Friday, intensifying a cash squeeze on the island and prompting some residents to blame hard-nosed creditors for their mounting troubles.

Experts offer Angela Merkel tips on how to cheer up the Germans

BERLIN: "Happiness experts" from all over the world offered Germany's Angela Merkel tips on Wednesday on how to cheer up her citizens, often stereotyped as prosperous worriers who view their glasses as half empty rather than half full.

Q&A: Why investors are wary of Italy's elections

FRANKFURT, Germany (AP) — Investors are keeping a wary eye on Italy as the country heads to the polls Sunday and Monday to elect a new parliament.

Republicans, Barack Obama far apart on 'fiscal cliff'

WASHINGTON: Both President Barack Obama and Republicans in Congress now have laid out some specifics of their vision for stepping back from the " fiscal cliff" budget crisis, but the plans are vastly different and leave politicians far from agreement with a deadline less than a month away.

Germany sees no quick deal on Greek aid: Wolfgang Schaeuble

HAMBURG: German Finance Minister Wolfgang Schaeuble said Thursday he did not expect any quick deal on aid to debt-mired Greece with its international creditors.

Canada may need to raise rates this year: OECD

OTTAWA (Reuters) - Canada should be ready to hike interest rates later this year if the economy doesn't turn sour, but may need to slow down budget tightening if the economy does deteriorate, the Organization for Economic Cooperation and Development said on Wednesday.