EFSF Attracts €4.5B in Orders for New 3-Year Bonds
The euro zone’s temporary rescue fund received a decent level of demand for its inaugural three-year bond on Thursday, but the costs reflect the increasing wariness of investors concerned about the...
View ArticleMarket Recap: Stocks Close Mixed as Jobs Recovery Counters Debt Crisis
Markets closed mixed on Wall Street today: Dow -0.02%, S&P +0.29%, Nasdaq +0.81%, Oil -1.45%, Gold +0.68%. On the commodities front, Oil (NYSE:USO) fell to $101.72 a barrel. Precious metals were...
View ArticleLagarde, Merkel Meet to Move Forward Greek Debt Restructuring
International Monetary Fund Managing Director Christine Lagarde will meet with German Chancellor Angela Merkel in Berlin tonight to discuss the restructuring of Greek debt, which must take place before...
View ArticleEuro Leaders Push for €1 Trillion Permanent Rescue Fund
Euro-zone finance ministers meeting in Brussels on Monday made progress toward establishing a permanent rescue fund, the European Stability Mechanism, which will have an effective lending capacity of...
View ArticleEU Summit to Focus on Growth and Job Creation
European leaders are expected to focus mainly on growth and job creation at a summit on Monday where they are due to approve a permanent rescue fund for the euro zone and put the finishing touches on a...
View ArticleEurope Agrees to Fiscal Compact
Twenty-five out of 27 states in the European Union agreed to Germany’s “fiscal compact” on Monday, with only Britain and the Czech Republic refusing to sign the pact for stricter budget discipline. Hot...
View ArticleMoody’s Cuts Spain and Italy, Puts France and U.K. on Negative Outlook
Moody’s Investors Service downgraded the credit ratings of six European nations overnight and warned it may soon cut the triple-A credit ratings of France, Britain, and Austria as well. Hot Feature:...
View ArticleMarket Recap: Stocks Slip as Greek Bailout Decision Postponed
Markets closed down on Wall Street today: Dow -0.76%, S&P -0.54%, Nasdaq -0.55%, Oil +1.27%, Gold +0.72%. On the commodities front, Oil (NYSE:USO) rose to $102.02 a barrel. Precious metals were...
View ArticleGreece Gets Its Bailout
The euro zone formally approved Greece’s bailout on Wednesday, a 130 billion-euro financing package that will keep Athens funded until 2014, the chairman of the euro zone finance ministers Jean-Claude...
View Article
