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Financial/Business News
Strauss-Kahn Says EU Needs to Do More on Managing Bank Crises
  • Simon Kennedy
  •   •  
  • March 19, 2010
March 19 (Bloomberg) -- International Monetary Fund Managing Director Dominique Strauss-Kahn said European Union policy makers are not doing enough to introduce measures to manage and resolve future f...
Speculators seen increasing Greek borrowing costs
  • Laurence Fletcher
  •   •  
  • March 19, 2010
LONDON, March 18 (Reuters) - Hedge fund speculators have cost debt-laden Greece at least an extra 2.5 percentage points to borrow money, said one European politician who is pushing for a clampdown on ...
Portugal to Sell Bonds in Dollars to Fund Budget Gap
  • March 18, 2010
By Sonja Cheung March 18 (Bloomberg) -- Portugal is selling bonds in dollars for the first time since November as part of a plan to issue 25 percent more debt this year to fund its budget deficit. ...
‘Sinister’ German Plan Aimed at Funds, Analysts Say
  • Andrew MacAskill and Tony Czuczka
  •   •  
  • March 18, 2010
March 18 (Bloomberg) -- Germany’s suggestion that it may order spies to track speculators targeting currencies is “sinister and silly,” according to analysts, who said hedge funds in London and New Yo...
US warns EU derivatives ban won't work
  • Leslie Patton - The Associated Press
  •   •  
  • March 16, 2010
BRUSSELS — Europe's threat to ban the sort of financial derivatives trading that some blame for worsening Greece's debt crisis wouldn't work, a senior U.S. official told EU lawmakers Tuesday. Germ...
Scenarios: What will the EU do about CDS trading?
  • March 16, 2010
European Union finance ministers discuss on Tuesday whether regulators should curb the sovereign credit default swaps (CDS) market after Greece accused speculators of amplifying its debt woes. Jose...
Gold rises on lingering Greece debt woes
  • XINHUA
  •   •  
  • March 16, 2010
CHICAGO, March 15 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange closed higher on Monday as investors continued to worry about seeking a concrete solution for debt-...
Mobile Calling Fees Under Pressure With Rollout of New Networks
  • Kevin J. O'Brien - The New York Times
  •   •  
  • March 15, 2010
BERLIN — The next generation of faster mobile networks is poised to lower costs for operators and potentially unleash a new price war in the industry in Europe. As European operators prepare to ins...
Dollar higher; euro slips as hopes for Greek aid details fade
  • William L. Watts
  •   •  
  • March 15, 2010
LONDON (MarketWatch) -- The U.S. dollar was higher versus most major rivals Monday, gaining ground on the European single currency after euro-zone finance ministers downplayed expectations for a detai...
Dollar slides as concern about Greek debt subsides
  • The Associated Press
  •   •  
  • March 13, 2010
NEW YORK — The dollar weakened slightly Friday as concerns about Greek debt woes subsided. Economic reports were mixed in the U.S. ...
Greece will be saved, but what about other debtors?
  • Adrian Michaels - The Telegraph
  •   •  
  • March 12, 2010
Greece is being pieced back together, financially at least. Next week, plans to slash its budget deficit are likely to be approved by fellow Europeans, and in return it will receive implied aid throug...
Greece Denies Speculation of 3-Year Debt Sale Plan
  • Anchalee Worrachate
  •   •  
  • March 12, 2010
March 11 (Bloomberg) -- Greece has no plan to sell three- year bonds, the head of the nation’s debt agency said. Speculation about Greece planning to sell such securities is “unfounded,” Petros Chr...
Dollar dips as Greece announces new spending cuts
  • Erin Conroy - The Associated Press
  •   •  
  • March 12, 2010
NEW YORK — The dollar eased against the euro and the pound Thursday as Greece announced additional salary cuts and tax hikes to deal with its ballooning deficit, while China reported a jump in inflati...
OPAP sees licence wins as Greece taps gaming cash
  • March 11, 2010
ATHENS, March 11 (Reuters) - Greek gaming firm OPAP believes it can win a licence to operate low price slot machines and gain an extension to its current betting monopoly as the government seeks ways ...
Portugal sells $1.34 billion worth of bonds
  • March 10, 2010
By BARRY HATTON LISBON, Portugal (AP) — Financially troubled Portugal raised euro990 million ($1.34 billion) Wednesday in a key bond auction that had more bids than bonds available, suggesting the...
Greece not eyeing new bond issue, dollar gains on European fears
  • March 09, 2010
ATHENS, March 9 (Reuters/AP) - Greece has not made any decision on its next borrowing move yet but is not planning to tap markets soon with a new issue, the head of the country's debt agency said on T...
‘Dead Cat’ Euro to Slide to $1.25, Standard Bank’s Barrow Says
  • March 08, 2010
By Matthew Brown March 8 (Bloomberg) -- The euro’s weak response to a “resolution” of the Greek crisis heralds further weakness for the European currency against the dollar, according to Standard B...
JPMorgan Says Buy Greek Bonds After Austerity Package, Debt Sale
  • March 08, 2010
By Paul Dobson March 8 (Bloomberg) -- JPMorgan Chase & Co. recommended buying five-year Greek government bonds and selling equivalent- maturity German securities, betting the yield premium, or spread...
EU Top Fiscal Performer Faces Greek-Led Bank Decline
  • March 08, 2010
By Agnes Lovasz March 8 (Bloomberg) -- Bulgaria, the European Union member boasting the bloc’s smallest budget deficit, risks seeing its banks sucked under by the fiscal sins of neighboring Greece,...
Markets react well to Greece's key new bond issue
  • The Associated Press
  •   •  
  • March 04, 2010
ATHENS, Greece (AP) — Greece launched a critical 10-year bond issue on Thursday, a day after winning approval from markets and the European Union for painful austerity measures designed to lift the de...
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