Fiscal cliff setback rattles global shares, euro

LONDON – Global stock markets weakened on Friday and both the euro and gold slipped, as a new setback in talks to avert a U.S. fiscal crisis and evidence of Europe's ongoing economic difficulties stoked investor nerves.

UK retail sales flat in November

UK retail sales failed to grow in November, adding to fears that consumers are reining in spending ahead of Christmas.

Danish Euro Skepticism at Highest Since Currency’s 1999 Debut

Danish voters now regard the euro with more scepticism than at any time since the single currency’s introduction in 1999 as the crisis in southern Europe enters its fourth year.

Standard & Poor's hikes Greek rating by 6 notches

ATHENS: Standard & Poor's ratings agency on Tuesday upgraded Greece's credit grade by 6 notches, yanking the debt-heavy country out of default but still keeping its devalued bonds in junk status.

Merkel Says Euro Crisis Recovery Is Worth Austerity Pain

Chancellor Angela Merkel said the promise of lifting the euro area out of its debt crisis is worth the pain that’s being caused by German-inspired austerity.