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Financial/Business News
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...
Greek shipping chief says firm immune from local woes
  • March 03, 2010
By Polya Lesova ATHENS (MarketWatch) -- The chairman and chief executive of Paragon Shipping, Michael Bodouroglou, spends his days working about a dozen miles from the center of the Greek capital. ...
Oil rises above $80 before inventory report
  • March 03, 2010
LONDON (Reuters) - Oil climbed above $80 a barrel on Wednesday as the dollar weakened and investors looked ahead to a U.S. inventory report expected to show a fall in distillates stocks and higher cru...
Euro rises vs dollar after Greek austerity plans
  • March 03, 2010
NEW YORK (Reuters) - The euro rose against the U.S. dollar on Wednesday after the Greek government endorsed a 4.8 billion euro austerity package, boosting hopes the heavily indebted country would get ...
Euro hits 9 1/2-mth low vs dollar on Greek debt woes
  • March 02, 2010
By Neal Armstrong LONDON, March 2 (Reuters) -The euro dropped to a 9 1/2-month low against the dollar on Tuesday as fresh unrest over anticipated Greek austerity measures heaped further selling pre...
Europe Investment Banks May Gain More on Greece, Bernstein Says
  • March 01, 2010
By Aaron Kirchfeld and Francesca Cinelli March 1 (Bloomberg) -- European investment banks including Barclays Plc and Deutsche Bank AG may benefit more than commercial lenders from Greece’s debt woe...
Strauss-Kahn Says EU to ‘Clean Up’ Greece; IMF to Help If Asked
  • Sandrine Rastello
  •   •  
  • February 27, 2010
Feb. 26 (Bloomberg) -- Dominique Strauss-Kahn, the head of the International Monetary Fund, expressed confidence the European Union will resolve Greece’s fiscal problems without outside aid and said t...
Greek bank deposits stable despite fiscal crisis
  • February 26, 2010
ATHENS/FRANKFURT, Feb 25 (Reuters) - Data published by the European Central Bank on Thursday suggests deposits at Greek commercial banks are remaining broadly stable despite the country's fiscal crisi...
Snow-blind investors and more Greek debt
  • February 26, 2010
LONDON (Reuters) - As an unusually cold winter distorts key data, investors face snow-blindness in the coming week as they try to assess whether improving economic fortunes can get markets out of a ro...
Fitch: Greek access to mkts at bearable rate a worry
  • February 26, 2010
LONDON, Feb 26 (Reuters) - Fitch Ratings' main worry over Greece is whether the highly indebted country will have access to the sovereign debt market at a tolerable rate, a senior Fitch analyst told R...
Fed chief: We're looking into firms betting on Greek default
  • Jeannine Aversa - The Associated Press
  •   •  
  • February 25, 2010
WASHINGTON — Federal Reserve Chairman Ben Bernanke says the central bank is looking into Goldman Sachs and other Wall Street firms' use of a sophisticated investment instrument to make bets that Greec...
Greece crisis may force bank writedowns -Germany
  • February 25, 2010
BERLIN, Feb 25 (Reuters) - The debt crisis in Greece could trigger a need for writedowns at German banks, German Economy Minister Rainer Bruederle said on Thursday. Bruederle was renewing his warni...
Greece to issue 10-year bond next week: report
  • February 25, 2010
By William L. Watts LONDON (MarketWatch) -- The Greek government aims to issue a new 10-year bond next week following the release of new austerity measures designed to save between 2 billion and 2.5 ...
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