Greece Drops 1-Year T-Bill Auction; to Sell 6-Month Bills
High borrowing costs forced Greece to scrap plans to auction one-year paper next week to roll over maturities but the overborrowed country will go ahead and sell six-month T-bills, its debt agency said on Friday. Click here to read the full story
Read more..Europe Markets: French banks snap Europe stocks’ winning run
European shares declined Tuesday, ending a nine-session winning streak, with concerns about the exposure of French banks to Greece and other troubled euro-zone nations weighing on a day the U.K. took action to get its own budget deficit under control. Click here to read the full story
Read more..Greece Austerity Reforms Are on Track: IMF
The Balkan country is on track with economic reforms demanded as part of a giant bailout to help rescue the debt-laden nation from bankruptcy, a team from the European Union, IMF and European Central Bank said on Thursday. Click here to read the full story
Read more..NZ dollar continues to slide
The New Zealand dollar continued its gradual descent from last night’s four-month highs against the US dollar, as a credit downgrade on Greece weighed on equity markets and currencies around the world.By 5pm, the kiwi was at US69.30c,… Click here to read the full story
Read more..NZ dollar continues to slide
The New Zealand dollar continued its gradual descent from last night’s four-month highs against the US dollar, as a credit downgrade on Greece weighed on equity markets and currencies around the world.By 5pm, the kiwi was at US69.30c,… Click here to read the full story
Read more..Currencies: Dollar slips, euro shrugs off Greek downgrade
The U.S. dollar was mostly lower versus major rivals Tuesday, with the euro largely shrugging off early weakness tied to Moody’s downgrade of Greece to junk status late the previous day. Click here to read the full story
Read more..Wall St gains after European data
NEW YORK (Reuters) - Stocks rose on Monday as European industrial data eased concerns about a slowdown in global growth, but a debt downgrade of Greece limited gains. Click here to read the full story
Read more..EU Banks Pass Moody’s Debt ‘Stress Test’
Many of the European Union’s biggest banks passed Moody’s ’stress test’ designed to gauge exposure to debt in Greece, Portugal, Spain and Ireland, the rating agency said in a statement Friday. Click here to read the full story
Read more..Spain Small Lenders Struggling for Funding
Smaller Spanish banks are losing access to the European repo market due to concerns Spain could be heading for a debt crisis along the lines of EU partner Greece, a top financial source in Spain said on Wednesday. Click here to read the full story
Read more..Is the euro entering its final phase?
The euro is in a mess. Even some of its stoutest defenders now agree that its survival is threatened. But the problem is being misdiagnosed. Although the catalyst was Greece and southern Europe, the underlying cause lies to the… Click here to read the full story
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