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
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
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...
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...
Oil rises above $80 before inventory report
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
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 ...
Greek bank deposits stable despite fiscal crisis
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
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...
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
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
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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