Today: Friday, November 04, 2011

Nov 4, 2011

LATEST World News, Nov 04, 2011


Greece aims for crisis coalition
The Australian
For much of Thursday night and early yesterday (AEST), Greeks and world leaders struggled to keep up with changes in Athens. Reports said Mr Papandreou had resigned, then he was staying on, or calling an election, or forming a new coalition. ...
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GLOBAL MARKETS-Stocks, euro slide on EU bailout doubts
Reuters
By Herbert Lash NEW YORK, Nov 4 (Reuters) - Global stocks and the euro fell on Friday as new doubts about Europe's bailout package and worries over the outcome of a key vote in Greece overshadowed signs of an improving US labor market. ...
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G20 agree to 'action plan' for global economy
CNN
Meanwhile, the action plan is made up of broad policy prescriptions for the globaleconomy, many of which have already been discussed by G20 members. It starts with Europe implementing the Oct. 27 plan, including debt relief for Greece, new capital ...
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Obama Says Progress Made in Stabilizing World Economy
Voice of America
Earlier this week, Papandreou caused global financial panic by announcing a nation-wide vote on the bailout plan. He backed off his call for the vote after Greek opposition parties finally agreed to back the rescue package. ...
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GLOBAL MARKETS-Stocks, euro lose ground on bailout fund unease
Reuters
Financial markets were rocked earlier this week when Papandreou announced Greecewould hold a referendum on whether to accept the new bailout plan. After a tumultuous day in Greek politics on Thursday, the chances of the referendum being held looked ...
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Why Greece's Debt Shouldn't Be the G20's Biggest Economic Issue
Huffington Post (blog)
As the G20 leaders meet in Cannes, the entire meeting is being consumed by the current debt crisis in Europe and its potential impact on the global economy. On one level, that is completely understandable. The world's economy is precariously balanced...
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The world economy is adrift
Washington Post
There was something fitting about Greek Prime Minister George Papandreou's reckless call for a referendum on the latest rescue package for his country. World leaders gathering in Cannes for a Group of 20 summit face stark realities. The global economy...
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Emerging Stocks Rise Most in Week on Greece Bailout Speculation
BusinessWeek
2, Citigroup Inc. analyst Markus Rosgen wrote in a report today, citing figures compiled by EPFR Global. World leaders failed to agree on a new International Monetary Fund commitment today as they await more details of a week-old rescue package. Greek ...
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Politicians take lead in investors' world
Financial Times
This is political risk writ global. This week's extraordinary turn of events in Greece was a good example. As a referendum was on, then off and a prime minister was poised to resign, then staying, markets yo-yoed. In the 24 hours from Wednesday to ...
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Gyrations on policy leave Greeks dizzy
Los Angeles Times
As a result, Greeks went to bed Thursday night numbed by their country's nearly surreal instability that has also sent shock waves through the rest of the world, overshadowing a crucial gathering of global leaders on the French Riviera. ...
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Los Angeles Times
What's Important in the Financial World (11/4/2011) MF Global Scandal, Groupon ...
24/7 Wall St. (blog)
Greece also would become isolated as a trade partner, which would push it into a multiyear recession. So far, global stock markets have had only modest reactions to the turmoil. That could change radically if a bailout unwinds. AMD layoffs. ...
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After Greece, Italy Could Be Next Focus For Markets
CNBC.com
The eyes of the world have been trained on Greece for most of this week, but, as the Hellenic crisis approached breaking point, signs are that Italy will be the next focus. Prime Minister Silvio Berlusconi's √©lan was dented Thursday after he was forced ...
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Gates urges G20 to continue aid for world's poor
CattleNetwork.com
Much of the world's focus prior to the summit has been on the debt crisis in Europe, and especially Greece's recent financial turmoil. Greek officials have raised the possibility that the nation may vote to leave the euro currency union as part of a ...
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Oil Caps Longest Streak of Weekly Gains Since 2009 on US Jobs
BusinessWeek
The European Union accounted for 16 percent of world oil demand in 2010, according to BP Plc's annual Statistical Review of World Energy. The US is the world's biggest oil consumer, using 19.1 million barrels a day, or 22 percent of global consumption. ...
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The great shake-down in Cannes
BBC News
It's a bit rich for France and Germany to talk about Greece holding the rest of Europe to ransom, when the eurozone is in the process of doing the same to the global economy. And with the rest of the G20 not in a position to play the kind of hard ball ...
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BBC News
NYMEX-US crude edges up ahead of payrolls data
Reuters
MARKETS NEWS * World stocks rose and the euro was boosted by expectations thatGreece will avoid a referendum on a new bailout package, easing concerns about the future of the euro zone. * Gold pulled back, but prices held near their highest in six ...
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US Treasurys Regain Fans After Bruising October
Wall Street Journal
But Treasury bulls scooped up bonds at cheaper levels after global policy makers failed to produce any bold measures to fund the euro zone. Anxiety also permeated the financial markets as Greek Prime Minister George Papandreou faces a confidence vote...
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Is Europe Warming Gold Up for its Final Act?
International Business Times
It was the latest drop in the roller coaster ride that's called Europe. Concerns continue to mount on how Europe to fix Greece, and after that Italy. Unfortunately, between all the headlines and rumors concerning Europe, nothing has really changed. ...
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TSX heads lower amid weak jobs data
CTV.ca
Papandreou backed off on the referendum plans Thursday however uncertainties over Greece remain as his government faces a confidence vote in Parliament later in the day. Meanwhile, leaders of the world's 20 most powerful economies wrapped up a two-day ...
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CTV.ca
Wild, little changed wheat week
Agriculture.com
As if the MF Global debacle wasn't enough for the market to absorb, this week brought more volatility to the financial markets as the ongoingGreek debt fiasco became more mired. The announcement that the people of Greece would vote on a referendum to ...
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Agriculture.com
The curse of austerity
Toronto Star
By David Olive Business Columnist Architects of the current global austerity were present in Cannes for the latest G20 summit. But they chose not to account for an economic nostrum that is becoming more discredited by the hour. A conspicuous feature of ...
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Oil prices steady ahed of Greek confidence vote
International Business Times
Greece will remain the focal point today for the G20 and the global investing and trading world as the Greek Prime Minister faces a confidence vote in Parliament. In addition to the evolving situation in Greece the widely watched US non-farm payroll ...
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Greeks confront the tyranny of distance as professionals seek escape from debt ...
Sydney Morning Herald
As the Greek debt crisis worsens and unemployment rises, some of the most skilled professionals are seeking to join one of the biggest expatriate communities in the world, based largely in Melbourne and Sydney. A recent ''skills expo'' in Athens, ...
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Sydney Morning Herald
Indian shares drop 1.4 pct on the week; outlook hazy
Reuters
World stocks rose on Friday, boosted by expectations that Greece will avoid a referendum on a new bailout package, easing imminent concerns of a Greek default and its potential shockwaves through the euro zone. News from Greece will again dominate next ...
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Faith in government doomed Corzine
New York Post
As the latest Greek deal began collapsing, traders started looking for which firms were most exposed. Not long after that, Jon Corzine's MFGlobal became the Wall Street equivalent of Greece. Corzine isn't saying much now that the messy details of MF ...
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New York Post
Africa: The Human Capital Telescope - First Global Economic Crisis
AllAfrica.com
The world's earliest recorded global economic crisis is captured in the Bible's very first pages. Genesis chapters 41 to 47 chronicle the event. The global economic crisis was triggered by a failure in the agricultural system, the key driver of ancient ...
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World leaders must be confident - Hoban
NW Evening Mail
With the G20 summit taking place in Cannes and political uncertainty continuing inGreece, Mr Hoban said it was vital world leaders “commit to increased confidence in the global economy” and agree a detailed euro rescue. The finance secretary said ...
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Ridi, Pagliaccio!
Resource Investor
One day after dropping the controversial call for a popular vote on Greece's future within the EU, Mr. Papandreou still faces the ire of his own Socialist Party and that of theGreek government's opposition leaders. Conclusions from this week's Greek ...
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CP World Report: In God We Trust Reaffirmed, Greece, Unicef, Justin Bieber
Christian Post
Says Greece's Foreign Minister…… A "no" vote could theoretically forceGreece to crash out of the euro and send shock waves through theglobal financial system. A new ranking system at Canadian universities will determine the threat to free speech. ...
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Christian Post
Greek prime minister faces survival vote, bailout in balance
PakistanToday.com.pk
However, in the fractured world of Greek politics this does not ensure the package will win rapid parliamentary approval. Samaras made Papandreou's stepping down a condition for forming a coalition to pass the bailout quickly through parliament and ...
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Greek referendum plan causes global stock market panic | World ...
The Guardian, UK and World news, User comments, Web ... worldwide on Tuesday as investors worried that political turmoil in Greece posed a new threat to ...
www.guardian.co.uk/.../greek-referendum-global-stockmarket...
Global News | World stocks rise after Greece drops plan to hold vote ...
BANGKOK - World stock markets rose Friday amid relief Greece's prime minister had abandoned a referendum on the country's bailout but gains in Europe were ...
www.globalnews.ca/world/money/.../story.html
World stocks mixed as Greece uncertainty swirls - World - CBC News
Skip to main content; Skip to World stocks mixed as Greece uncertainty swirls; Skip to supplementary story content; Skip ... CBC Global Header Navigation ... 3 mobile phone maker was seeking to issue new shares, Yonhap News Agency said. ...
www.cbc.ca/news/world/story/.../world-stock-market-113.html
As threat of new global recession looms, world leaders tell Greece ...
WORLD leaders yesterday told Greece to accept a bailout package or face bankruptcy.
www.dailyrecord.co.uk/.../world-leaders-tell-greece-accept-de...
New episode in euro Greek drama rattles world markets
The market's violent reaction to the news is based on "legitimate concerns," ... On Monday, MF Global, run by former New Jersey governor and senator Jon ...
www.usatoday.com/money/markets/story/2011-11-01/.../1
WORLD FOREX: Euro Gains Amid ... - Latest News | Global Finance
Latest News | Global Finance. WORLD FOREX: Euro Gains Amid Greek Turmoil As ECB Looms. --Euro, pound gain ground ahead of ECB statement --All eyes ...
www.gfmag.com/latestnews/latest-news-old.html?newsid=1...
Referendum in Greece has Eurozone members reaching for panic ...
Referendum to be called in Greece: Prime Minister George Papandreou called ...Latest News Wires ... words from Greece's prime minister to upend Europe's efforts to convince the world that its grand plan to save the euro would mark a turning point in the continent's debt crisis and keep it from hurting the global economy. ...
www.csmonitor.com/.../Referendum-in-Greece-has-Eurozone-...
DJIA: Stocks Plummet on MF Global News, Greece Cries for a New ...
DJIA: Stocks Plummet on MF Global News, Greece Cries for a New Prime Minister,... Mario Batali Squares Off With World-Famous Chefs to Celebrate Authentic ...
tv.ibtimes.com/djia-stocks-plummet...-/2383.html
World stocks plunge on new Greek worries - Related news - 11/2 ...
World stocks plunge on new Greek worries. Read the original news ... that Greekvoters will reject the latest EU bailout plan sent global markets sinking again on ...
en.baomoi.com/Info/World-stocks-plunge-on.../198987.epi
A Greek tragedy: timeline of the debt crisis - GlobalNews.com
Global News takes a look at key developments in the Greek debt crisis. ... debt deal, unleashing political and market turmoil around Europe and the world. ... Mar 3, 2010: Under new pressure from the EU and financial markets, and in the ...
www.globaltoronto.com/a+greek+tragedy.../story.html
BBC News - ILO: World economy on verge of new jobs recession
The global economy is on the verge of a new and deeper jobs recession that may ...After Greece controversially announced it will put its latest European bail-out ...
www.bbc.co.uk/news/business-15519699
Global markets plunge on Greek referendum - Business Today ...
BT Online Bureau New Delhi November 1, 2011 ... Greek prime minister's surprise move to call a referendum on Greece's latest rescue ... MORE FROM World ...
businesstoday.intoday.in/story/wall-street-greece.../19738.html
Debt crisis: live - Telegraph
A poster depicting Greek PM George Papandreou and finance minister Evangelos ...No Cannes do: world leaders meet at the G20 summit in the French resort, ... resort, but had little real prospect of achieving global agreement Photo: EPA .... what he failed to do in 2007 and become PASOK's new leader and prime minister, ...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
Greek govt insists it won't fall, refuses to back ... - GlobalNews.com
ATHENS, Greece - The Greek government teetered and markets around the world ...new recessions in the developed world and see Greece leave the common ...
www.globaltvbc.com/world/...it.../story.html
Global financial turmoil follows call for Greek debt referendum ...
Global stocks skidded Tuesday after a stunning about-face by Greece on a deal agreed ... Music news Dance/Karaoke listings Daily Sudoku Crossword Puzzle ...Analysts struggled to make sense of what a Greek government collapse, newelections or ... Greece was in turmoil and the world economy in limbo Thursday as a...
www.tri-cityherald.com/.../global-financial-turmoil-follows.ht...
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