Center-right parties maintain dominant position in European Parliament

Conservative parties have scored victories in most of Europe’s largest economies as socialist parties in Germany, France, Italy and Spain all failed to capitalize on the global financial crisis. READ MORE

Soros positive on the euro

Billionaire investor George Soros gave high marks to the euro on Monday and speculated the U.S. dollar may eventually be replaced as world reserve currency while U.S. stocks lost ground on failure of the merger between Sun Microsystems and IBM Corp. READ MORE