Restructuring, Loans to Greece Cost Dexia $8.7 Billion
- Gabrielle Steinhauser - The Associated Press
- •
- November 09, 2011
BRUSSELS (AP) — Dexia, the Franco-Belgian lender that had to be bailed out last month, said Wednesday the firesale of its Belgian retail business and losses on Greek government bonds cost it almost €6...
European Markets Tank on Greek Referendum Pledge
- Pan Pylas - The Associated Press
- •
- November 01, 2011
LONDON (AP) — Markets plunged Tuesday on fears that Europe's plan to save the euro was already unraveling after the shock decision by Greece's leader to call a referendum on the country's latest rescu...
European Debt Deal Lifts Dow by Almost 340 Points
- The Associated Press
- •
- October 28, 2011
NEW YORK (AP) — An agreement to contain the European debt crisis electrified the stock market Thursday, driving the Dow Jones Industrial average up nearly 340 points and putting the Standard & Poor's ...
World Stocks Rise After Europe Deal on Greece Debt
- The Associated Press
- •
- October 27, 2011
BANGKOK (AP) — World stock markets shot higher Thursday as investors waded into riskier assets, emboldened by European leaders agreeing on a plan to reduce Greece's massive debts.
Oil prices rose abo...
A Year-end Stock Comeback? It's Happened Before
- David K. Randall - The Associated Press
- •
- October 17, 2011
NEW YORK (AP) — 2011 was shaping up to be a washout for the stock market just two weeks ago. Now, it's within shouting distance of its biggest comeback in nearly three decades.
The Standard and Poo...
Stocks Tank as Greece Admits It Won't Hit Targets
- Pan Pylas - The Associated Press
- •
- October 03, 2011
LONDON (AP) — Stocks took another hit Monday after Greece admitted it won't meet its deficit reduction targets, raising renewed fears that the country will not get crucial bailout loans it needs to av...
World's Central Banks Flood Market with Dollars
- Carlo Piovano - The Associated Press
- •
- September 15, 2011
LONDON (AP) — Five of the world's top central banks acted jointly Thursday to provide unlimited dollar loans to banks, a move aimed at easing the growing tensions in the eurozone's financial sector an...
Moody's Downgrades SocGen, Credit Agricole
- Sarah DiLorenzo - The Associated Press
- •
- September 14, 2011
PARIS (AP) — Moody's downgraded the credit ratings of French banks Societe Generale and Credit Agricole on Wednesday following a period of huge volatility in the markets as investors fretted about the...
Greece's Eurobank in Talks to Sell Turkish Unit
ATHENS, July 14 (Reuters) - Greece's second-largest lender EFG Eurobank is in initial talks to sell a majority stake in its Turkish unit Eurobank Tekfen as it seeks to safeguard its balance sheet agai...
Greek NBG to Sell Finansbank Stake When Time is Right
- George Georgiopoulos
- •
- June 23, 2011
ATHENS, June 23 (Reuters) - Greece's largest lender National Bank expects non-performing loans to peak this year and will sell a 20 percent stake in its Turkish unit Finansbank as soon as market condi...
How the Greek Debt Crisis Could Slam U.S. Savers
- Jon Markman - MarketWatch
- •
- June 20, 2011
SEATTLE (MarketWatch) — Rioters demanding an end to Greek budget austerity programs pushed global financial markets to the brink of disaster last week — but only the brink.
European leaders found a...
Euro Falls Broadly on Greece, Contagion Fears
NEW YORK, June 16 (Reuters) - The euro tumbled on Thursday, hitting a record low against the Swiss franc and a three week low against the dollar as investors sought safe-haven assets on mounting conce...
French Banks in Firing Line over Greek Debt Crisis
- Greg Keller - The Associated Press
- •
- June 15, 2011
Contagion from the Greek financial crisis was felt in France on Wednesday, when credit ratings agency Moody's said it may downgrade its ratings of the country's three largest banks over their exposure...
German Bank Resigned to Greek Debt Loss
- The Associated Press
- •
- June 02, 2011
BERLIN -- A German bank says it has made provisions for losses on Greek sovereign debt, citing the likelihood that the country will not fully repay its bonds.
The publicly owned regional Nord/LB ba...
Hellenic Seeks Fuel Imports as Strikes Loom
LONDON, May 4 (Reuters) - Greece's biggest refiner Hellenic Petroleum is being forced to import fuel as further strikes over wages loom this month, according to documents obtained by Reuters on Wednes...
MISTRAS Services Receives Safety Award
- TNH staff
- •
- April 07, 2011
PRINCETON JUNCTION, N.J. - MISTRAS Group, Inc. announces the receiving of the Division Manager’s Contractor Safety Excellence Award from Marathon Oil Corporation in Robinson, Illinois. The award was g...
Euro Strikes 15-month High Against Dollar
- Pan Pylas - The Associated Press
- •
- April 06, 2011
LONDON -- Stocks made gains Wednesday despite nagging worries over Japan's damaged nuclear reactor and Libya's violent conflict, while the euro hit a 15-month high against the dollar on expectations t...
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