PRECIOUS-Gold steady, euro zone debt fears support | Reuters
... on Wednesday as worries about the euro zone's debt crisis lent support to bullion, ... Europe'stop financial officials broke a taboo on Tuesday and ... AlertNet provides news, images and insightfrom the world's disasters and ...
af.reuters.com/article/idAFL4E7GI01Y20110518
... on Wednesday as worries about the euro zone's debt crisis lent support to bullion, ... Europe'stop financial officials broke a taboo on Tuesday and ... AlertNet provides news, images and insightfrom the world's disasters and ...
af.reuters.com/article/idAFL4E7GI01Y20110518
Eurozone crisis risks 'systemic' fallout: Draghi — EUbusiness ...
You are here: Home → Breaking news → Eurozone crisis risks 'systemic' fallout: Draghi ... "In theeurozone, the sovereign debt crisis in three countries, which together represent six ... EU, IMF experts set to report on Greece this week · Insight Italy ... and EUR 50bn of additional exports from Japan to the EU. ...
www.eubusiness.com/news-eu/italy-ecb-economy.a9z
You are here: Home → Breaking news → Eurozone crisis risks 'systemic' fallout: Draghi ... "In theeurozone, the sovereign debt crisis in three countries, which together represent six ... EU, IMF experts set to report on Greece this week · Insight Italy ... and EUR 50bn of additional exports from Japan to the EU. ...
www.eubusiness.com/news-eu/italy-ecb-economy.a9z
Eurozone debt crisis concerns SA: Fin24: Economy
SA is on track to attain 3.4% growth, but the eurozone debt crisis is still a ... Budget 2011 · Mini Budget 2010 · Investment Series · Top-200 · Collective Insight · Barometer · Featured in Finweek ...EU to draft second Greek bailout: sources ... Are new online methods to submit mining right applications actually ...
www.fin24.tv/.../Eurozone-debt-crisis-concerns-SA-20110531
EU needs to be more constructive with Greek crisis
Kathimerini
By Dimitris Kontogiannis If Greece wants to overcome its economic and public debt crisis it has no time to waste in implementing its ambitious privatization and real estate development program. However, this by itself will have limited success unless ...
See all stories on this topic »
Orderly Greek restructuring a 'fairytale'Financial Times
What rankles at the ECB are claims it has not looked seriously at debt restructuring scenarios and at how the 1980s Latin American debt crisis was navigated – but its economists are doing just that. The Greek situation is “totally different”, he says. ...
See all stories on this topic »
PRECIOUS-Gold steady on Greece debt fear; Shanghai margin weighs
Reuters
By Rujun Shen SINGAPORE, May 30 (Reuters) - Gold held steady on Monday, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains as a hike in margins by the Shanghai Gold Exchange kept sentiment in check. The Shanghai bourse plans ...
See all stories on this topic »
EU Morning Report- Euro remains under pressure weighed by risk aversion
International Business Times
By Markos Solomou | May 30, 2011 1:31 PM GMT The euro weakened against its major counterparts as the euro zone debt crisis deepens. On Friday, credit rating agency Fitch downgraded Greece's debt by three notches knocking it down to B+ from BB+ and ...
See all stories on this topic »
EU racing to draft second Greek bailout: sources
Reuters
The next scheduled meeting of euro zone finance ministers is on June 20 in Luxembourg, having been pushed back a week from its original date. It will be followed three days later by a summit of EUleaders to assess the 18-month-old debt crisis. ...
See all stories on this topic »
Debt Talks Pressure Greek Bonds
Wall Street Journal
By EMESE BARTHA Greek government bonds were under pressure again Monday, with two-year Greek yield spreads over German paper widening as speculation on solutions to Greece's debt crisisintensified. The latest bout of pressure on Greek debt comes after ...
See all stories on this topic »
Euro eases against dollar
AFP
TOKYO — The euro eased against the dollar amid lingering concerns over the European debt crisis, a reversal after weak US economic indicators sent the greenback lower at the end of last week, dealers said. The euro fetched $1.4264 in Tokyo afternoon ...
See all stories on this topic »
AFP
Analysis: Europe misses Strauss-Kahn in its hour of need
Reuters
Meanwhile, some mainly US and British analysts have argued it would be better if the next IMF chief came from outside the euro zone precisely to take a tougher, less indulgent approach to the debt crisis rather than throw more money at the problem. ...
See all stories on this topic »
Reuters
Markets News Monday: Davy says Ireland's debt sustainability achievable ...
FinFacts Ireland
By Finfacts Team A report from Davy Research on the Irish economy and theEurozone debt crisis says a sober assessment of Ireland's debt sustainability prospects suggests that the requisite scale of fiscal adjustment and nominal growth trajectory is ...
See all stories on this topic »
FinFacts Ireland
British stocks likely to focus on eurozone debt crisis this week
Malaysia Star
The pound strengthened against the dollar and the euro amid concern that the euro-region debt crisis may worsen and the US recovery is faltering, boosting the relative appeal of the UK currency. Sterling gained versus all but three of its 16 major ...
See all stories on this topic »
EU Morning Report- The euro remains under pressure on higher risk aversion
International Business Times
By Markos Solomou | May 30, 2011 1:31 PM GMT The euro fell broadly weighed by Greek debt restructuring fears. Uncertainty over Greece's debt crisis deepened after IMF chief Dominique-Strauss Kahn was arrested on sexual assault charges. ...
See all stories on this topic »
Indian Stocks Swing Between Gains, Losses; Tata Motors Retreats
San Francisco Chronicle
AP Interview: Tadic says EU must act 05.30.11 May 30 (Bloomberg) -- India's benchmark stock index swung between gains and losses, as concern over Europe's debt crisis countered speculation that an early arrival of monsoon rains may help raise farm ...
See all stories on this topic »
Europe shares dip; German decision on nuclear weighs
Reuters UK
LONDON May 30 (Reuters) - European shares closed lower on Monday in thin volumes as both the US and UK were closed for a public holiday, with stocks on track to end the month lower as worries over the euro zone debt crisis rattled investors. ...
See all stories on this topic »
Speculative sentiments fall in gold, silver markets
Commodity Online
Greece is just one of the sovereign debt crisis facing the Eurozone. Portugal and Ireland are bracing for debt crisis contagion to reach their shores and in both countries the crisis is deepening. Portuguese bonds have come under heavy selling pressure ...
See all stories on this topic »
Euro's zone debt crisis renews among great pessimism.
Ljbc.net
2011-05-29 Official European data unveiled the renewing of Euro's zone debt crisisafter being reached to its lowest level followed by great pessimism about a drop in credit on Euro's zone economy. Germany news agency stated that the confidence in...
See all stories on this topic »
Ljbc.net
FACTBOX-Greece's key tourism sector in numbers
London South East
as the country struggles with a huge debt crisis that has shaken the euro zone. Industry officials say the sector's revenues could grow by up to 10 percent this year after two years of sharp declines. * Tourism contributes about 16 percent of Greece's ...
See all stories on this topic »
Dollar's movement overseas will set the tone for rupee
Daily News & Analysis
Market participants, who had sought the safe haven of the US dollar earlier in the week following the fallout from the euro zone debt crisis, soon became sellers of the greenback. Rating agency Standard & Poor's warned on Italian debt and concerns ...
See all stories on this topic »
EU Morning Report- The euro slides on Greece's sovereign debt problems
International Business Times
The US dollar strengthened against the high yielding currencies such as the euro and the dollar but fell against the safe haven Swiss franc. Risk aversion continues to support the greenback while theeuro zone sovereign debt crisis deepens. ...
See all stories on this topic »
Berlin's bailout dilemma a defining Merkel moment
Irish Times
“Don't ask Merkel where she sees the EU in five years because she doesn't know, she doesn't think that way,” said one senior government official who asked not to be named. This is crucial because, at the heart of the euro zone crisis, ...
See all stories on this topic »
Irish Times
Number two post at IMF could go to developing countries
Business Day
Apart from this, the urgency of resolving Europe's deepening sovereign debt crisis probably warrants keeping an insider at the helm of the IMF. Europe's plight has worsened amid fear that Greece will default on its debt if it does not get a new tranche ...
See all stories on this topic »
Back to the Drachma
Wall Street Journal
Rather, Greece's debt crisis is rooted in its economic fundamentals, and nothing short of fundamental reform could improve its long-term prospects under the euro. Here are some telling numbers: While unit-labor costs in Greece have shot up 15 ...
See all stories on this topic »
The US dollar rose against most major counterparts Monday
FXstreet.com
Gold futures ended at their highest levels in more than three weeks on Friday, lifted by a weakening dollar and investor demand for a protection from worries about euro-zone government finances. This rally may be extended as Europe's debt crisis and ...
See all stories on this topic »
CANADA STOCKS-TSX may open firmer, helped by steady commodities
Reuters Africa
EU] * Asian markets were largely in red, but bucking the trend was Hang Seng which inched higher, helped by banking shares. * Gold held steady, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains as a hike in margins by the ...
See all stories on this topic »
Weekly Update: Major Equity Averages in Red for Fourth Straight Week
Galaxy Stocks
The market finished last week concerned on the subject of the eurozone debt crisis, and picked up where it left off on Monday. US equity markets dropped sharply after Standard & Poor's downgraded its ratings outlook on Italy from stable to negative and ...
See all stories on this topic »
Analysis: Serb dinar no one-way bet despite Mladic arrest
Reuters
And the yields of Serbian bonds -- the five-year benchmark was at 5.469 on Friday -- have largely converged with debt in the more developed euro zone and do not offer the same kind of gains as the double-digit yields carried by Czech, Slovak, ...
See all stories on this topic »
Reuters
Belgian Central Bank Details Debt Holdings
Wall Street Journal
... affected by the euro-zone sovereign debt crisis, the participation of the International Monetary Fund and the European Commission limits that risk. "We are in no way conducting a bailout," Mr. Coene said. "That's what the EU mechanism is for. ...
See all stories on this topic »
The Irish Times - Monday, May 30, 2011
Irish Times
A number of key euro zone indicators are also due this week, including inflation data for May, although these releases are likely to be overshadowed by the Greek debt crisis. Markets in the US and UK are closed today with some European markets shut on ...
See all stories on this topic »
Beware a manufacturing slowdown
Baltimore Sun
... desperately needs to avoid a debt default. "The stand-off highlights once again the continued lack of a cohesive policy response to the region's crisis," Capital Economics said in a research note. "Meanwhile, the latest batch of euro-zone business ...
See all stories on this topic »
Premarket: Jitters over Greece
Globe and Mail (blog)
Gold held steady, anchored by the ongoing debt crisis in the euro zone, while silver trimmed gains. Gold was nearly flat at $1536. Silver rose 0.6 percent to $38.10. German utilities slid after Berlin's decision to shut all nuclear reactors by 2022 in ...
See all stories on this topic »
Russia Central Bank raises Deposit Rate
FXstreet.com
Any form of restructuring continues to be opposed by both IMF and EU which are yet trying to find solutions to the debt crisis. PM Papandreou also faces political pressures at home after opposition did not support the new austerity measures. ...
See all stories on this topic »
Daily Market Outlook
FXstreet.com
At an emergency meeting, party sources said Greek political leaders failed to reach consensus on new, harsher austerity measures to pull the country out of its debt crisis and convinced skeptical investors could avoid default. ...
See all stories on this topic »
Oil Market Outlook
Bangkok Post
Crude prices seesawed last week, weighed down by euro-zone debt concerns and then rallying on bullish oil outlooks by two major investment banks as well as an unexpected drop in US distillate inventories. West Texas Intermediate closed the week at ...
See all stories on this topic »
Euro Debt Crisis, Greece, Portugal, Spain Debts Are Unpayable
The Market Oracle
That should easily destroy the ECB and the euro zone. We predict that by October changes will have to be made not only in the EU and euro zone, but in the UK and US as well. The battle rages in the euro zone, EU, UK and in the US over overwhelmingdebt ...
See all stories on this topic »
The Market Oracle
Emerging market equity funds witness $1 b outflows last week
Hindu Business Line
PTI Emerging market equity funds continued to see outflows as investors pulled out $1 billion last week on worries over euro zone debt crisis. This was the second straight week of outflows from the emerging market equity funds. ...
See all stories on this topic »
PSG favours higher quality companies where expectations are low
Moneyweb.co.za
In the absence of an economic crisis, and as long as profits are rising, equity markets are likely to keep grinding higher. But, given the current state of affairs, a crisis is well within the realms of possibility and, for the moment, the Euro-zone ...
See all stories on this topic »
UBS: From Discounts to Profits
Wall Street Journal
He expects clients to shake out of the lull and begin trading again when the US settles a political debate over its debt ceiling, which threatens to rock financial markets. Continuing euro-zone debtrestructuring problems are also hitting sentiment. ...
See all stories on this topic »
An Abundance of Advisers May Spoil Some Flotations
Wall Street Journal
Bankers also have attributed the withdrawal of some deals to market volatility and uncertainty overEurope's debt crisis. Investors, however, say some deals sink because they fail to gain support or because the price was too high. ...
See all stories on this topic »
The US Economy — In Lousy Shape And Getting Worse
The Moderate Voice
Energy costs might moderate. Food and health care costs? Not any time soon. The debt troubles of the euro-zone have already had negative consequences on our own banking system. And there's no end in sight to the EU's sovereign debt crisis. ...
See all stories on this topic »
Weak banks weigh early on Australian sharemarket
The Australian
... by the ongoing debt concerns in the euro zone periphery. Underscoring the debt travails in the region, the European Central Bank's executive board member Lorenzo Bini Smaghi said orderly restructuring of Greece's debt crisis was unlikely, ...
See all stories on this topic »
Weekly Economic Trends: 30 May – 3 June 2011
FXstreet.com
Total EUR score this week is +18%. 7 announcements (3 positive, 2 negative) point to moderately positive economic conditions across the eurozone. However, sovereign debt fears continue to plague the EU. Any news concerning the crisis could potentially ...
See all stories on this topic »
EU Racing to Complete Second Greek Bailout to Avoid Collapse of Euro
By admin
The next scheduled meeting of euro zone finance ministers is on June 20 in Luxembourg, having been pushed back a week from its original date. It will be followed three days later by a summit of EUleaders to assess the 18-month-long debt crisis. ... Irish central bank governor Patrick Honohan acknowledged at a news conference on Monday that debt market conditions were worse now than when Ireland took an 85 billion euro bailout last November but said they would improve. ...
Midas Letter - http://www.midasletter.com/
Greek debt default time-bomb bringing trouble to paradise ...
By halthouse1
At the same time that Greece is teetering, other EU countries such as Ireland are facing debt crisesof their own. Is the EU house of cards about to come tumbling down, taking the rest of the world with it? ... The majority of depositors rushed to withdraw for pensioners and small savers and amounts ranging from 2-3000 lifted until 10 -15 000 euros. Motivation in most cases it was the fear that led the country into bankruptcy, deposits frozen even temporarily left without ...
The Economic Spy - http://michaelhaltman.com/
Chinese Gold Reserves Rise 30 Percent -- Morgan Gold
By James O'Dell May 30, 2011, Los Angeles – Gold rallied to near 3 week highs on Friday, gaining 1.17 percent or $17.70 to close at $1536.10 an ounce as worries about Greece's debt crisisencouraged investor's safe-haven buying while . ... “ There are worries about the Eurozone and concerns about China slowing down. Despite the fall to $1480, Gold didn't take the hit that Silver and crude oil did.” Pressure continues to grow on Greece to accelerate its reforms and sale of ...
Gold News from MorganGold.com - http://www.morgangold.com/
EU Debt Contamination Deepens In Greece, Portugal And Ireland ...
By Tyler Durden
Greece is just one of the sovereign debt crisis facing the Eurozone. Portugal and Ireland are bracing for debt crisis contagion to reach their shores and in both countries the crisis is deepening. Portuguese bonds have come under heavy selling pressure ...http://www.bloomberg.com/news/2011-05-30/euro-weakens-on- greece-debt-crisis-concerns-oil-falls-kiwi-strengthens.html. Commentary. ( ZeroHedge) -- The Greek "Ultimatum": Bailout (For The Bankers) And (Loss Of) Sovereignty ...
zero hedge - on a long enough... - http://www.zerohedge.com/fullrss2.xml
Labour considers link with Eurosceptic Tories over eurozone ...
By haaretz
Economic policyEconomicsGlobal economyEuroEuroEuropean UnionEuropeEuropean debtcrisisEuropean commissionLabourPatrick Wintourguardian.co.uk. Posted by haaretz at 4:06 PM. Sorry, the comment form is closed at this time. ...
Haaretz Daily - http://www.haaretzdaily.com/
EU Working On Greek Bailout So Loans Can Be Released Next Month
By The Huffington Post News Editors
HuffPost's QuickRead... Loading... HuffPost's QuickRead... Loading... BIG NEWS: Budget Cuts; |; Deficit; |; Interest Rates; |; Financial Crisis; |. Royal WeddingMore. Log in | Sign Up. Edit Preferences · Logout ... The next scheduled meeting of euro zone finance ministers is on June 20 in Luxembourg, having been pushed back a week from its original date. It will be followed three days later by a summit of EU leaders to assess the 18-month-long debt crisis. MARKETS RATTLED ...
The Full Feed from HuffingtonPost.com - http://www.huffingtonpost.com/raw_feed_index.rdf
EuroTrashed as Debt Crisis Hammers EU - HispanicBusiness.com
The Eurozone debt crisis deepened last night as Greece sank further into the mire and ... Borrowing costs in Europe's weakest economies soared and the euro ...
www.hispanicbusiness.com/.../eurotrashed_as_debt_crisis_ham...
Euro Zone Debt Crisis: Greek Default Could Make Others Junk ...
News. Blog Posts. Videos. Current DateTime: 05:20:31 29 May 2011 ... who have also agreed bailouts with the EU and the IMF. ... It would be expected though that even the slightly stronger euro zone sovereigns would come under ... He declined to say how likely it was that Greece would actually default on its debt . ...
classic.cnbc.com/id/43146400
Euro trashed as debt crisis hammers EU
Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity ... Services via COMTEX) -- The Eurozone debt crisis deepened last night as ...
news.tradingcharts.com/futures/6/1/159117716.html
Euro zone sovereign debt crisis back to the fore - Tradingfloor ...
Euro zone sovereign debt crisis back to the fore ... The Euro tumbled to a two month low against the dollar on news that the Greek economic ... the December 2010 high thereby highlighting the impact on gold from Europe's debt crisis. ...
www.tradingfloor.com/.../euro-zone-sovereign-debt-crisis-bac...
Kathimerini
By Dimitris Kontogiannis If Greece wants to overcome its economic and public debt crisis it has no time to waste in implementing its ambitious privatization and real estate development program. However, this by itself will have limited success unless ...
See all stories on this topic »
Orderly Greek restructuring a 'fairytale'Financial Times
What rankles at the ECB are claims it has not looked seriously at debt restructuring scenarios and at how the 1980s Latin American debt crisis was navigated – but its economists are doing just that. The Greek situation is “totally different”, he says. ...
See all stories on this topic »
PRECIOUS-Gold steady on Greece debt fear; Shanghai margin weighs
Reuters
By Rujun Shen SINGAPORE, May 30 (Reuters) - Gold held steady on Monday, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains as a hike in margins by the Shanghai Gold Exchange kept sentiment in check. The Shanghai bourse plans ...
See all stories on this topic »
EU Morning Report- Euro remains under pressure weighed by risk aversion
International Business Times
By Markos Solomou | May 30, 2011 1:31 PM GMT The euro weakened against its major counterparts as the euro zone debt crisis deepens. On Friday, credit rating agency Fitch downgraded Greece's debt by three notches knocking it down to B+ from BB+ and ...
See all stories on this topic »
EU racing to draft second Greek bailout: sources
Reuters
The next scheduled meeting of euro zone finance ministers is on June 20 in Luxembourg, having been pushed back a week from its original date. It will be followed three days later by a summit of EUleaders to assess the 18-month-old debt crisis. ...
See all stories on this topic »
Debt Talks Pressure Greek Bonds
Wall Street Journal
By EMESE BARTHA Greek government bonds were under pressure again Monday, with two-year Greek yield spreads over German paper widening as speculation on solutions to Greece's debt crisisintensified. The latest bout of pressure on Greek debt comes after ...
See all stories on this topic »
Euro eases against dollar
AFP
TOKYO — The euro eased against the dollar amid lingering concerns over the European debt crisis, a reversal after weak US economic indicators sent the greenback lower at the end of last week, dealers said. The euro fetched $1.4264 in Tokyo afternoon ...
See all stories on this topic »
AFP
Analysis: Europe misses Strauss-Kahn in its hour of need
Reuters
Meanwhile, some mainly US and British analysts have argued it would be better if the next IMF chief came from outside the euro zone precisely to take a tougher, less indulgent approach to the debt crisis rather than throw more money at the problem. ...
See all stories on this topic »
Reuters
Markets News Monday: Davy says Ireland's debt sustainability achievable ...
FinFacts Ireland
By Finfacts Team A report from Davy Research on the Irish economy and theEurozone debt crisis says a sober assessment of Ireland's debt sustainability prospects suggests that the requisite scale of fiscal adjustment and nominal growth trajectory is ...
See all stories on this topic »
FinFacts Ireland
British stocks likely to focus on eurozone debt crisis this week
Malaysia Star
The pound strengthened against the dollar and the euro amid concern that the euro-region debt crisis may worsen and the US recovery is faltering, boosting the relative appeal of the UK currency. Sterling gained versus all but three of its 16 major ...
See all stories on this topic »
EU Morning Report- The euro remains under pressure on higher risk aversion
International Business Times
By Markos Solomou | May 30, 2011 1:31 PM GMT The euro fell broadly weighed by Greek debt restructuring fears. Uncertainty over Greece's debt crisis deepened after IMF chief Dominique-Strauss Kahn was arrested on sexual assault charges. ...
See all stories on this topic »
Indian Stocks Swing Between Gains, Losses; Tata Motors Retreats
San Francisco Chronicle
AP Interview: Tadic says EU must act 05.30.11 May 30 (Bloomberg) -- India's benchmark stock index swung between gains and losses, as concern over Europe's debt crisis countered speculation that an early arrival of monsoon rains may help raise farm ...
See all stories on this topic »
Europe shares dip; German decision on nuclear weighs
Reuters UK
LONDON May 30 (Reuters) - European shares closed lower on Monday in thin volumes as both the US and UK were closed for a public holiday, with stocks on track to end the month lower as worries over the euro zone debt crisis rattled investors. ...
See all stories on this topic »
Speculative sentiments fall in gold, silver markets
Commodity Online
Greece is just one of the sovereign debt crisis facing the Eurozone. Portugal and Ireland are bracing for debt crisis contagion to reach their shores and in both countries the crisis is deepening. Portuguese bonds have come under heavy selling pressure ...
See all stories on this topic »
Euro's zone debt crisis renews among great pessimism.
Ljbc.net
2011-05-29 Official European data unveiled the renewing of Euro's zone debt crisisafter being reached to its lowest level followed by great pessimism about a drop in credit on Euro's zone economy. Germany news agency stated that the confidence in...
See all stories on this topic »
Ljbc.net
FACTBOX-Greece's key tourism sector in numbers
London South East
as the country struggles with a huge debt crisis that has shaken the euro zone. Industry officials say the sector's revenues could grow by up to 10 percent this year after two years of sharp declines. * Tourism contributes about 16 percent of Greece's ...
See all stories on this topic »
Dollar's movement overseas will set the tone for rupee
Daily News & Analysis
Market participants, who had sought the safe haven of the US dollar earlier in the week following the fallout from the euro zone debt crisis, soon became sellers of the greenback. Rating agency Standard & Poor's warned on Italian debt and concerns ...
See all stories on this topic »
EU Morning Report- The euro slides on Greece's sovereign debt problems
International Business Times
The US dollar strengthened against the high yielding currencies such as the euro and the dollar but fell against the safe haven Swiss franc. Risk aversion continues to support the greenback while theeuro zone sovereign debt crisis deepens. ...
See all stories on this topic »
Berlin's bailout dilemma a defining Merkel moment
Irish Times
“Don't ask Merkel where she sees the EU in five years because she doesn't know, she doesn't think that way,” said one senior government official who asked not to be named. This is crucial because, at the heart of the euro zone crisis, ...
See all stories on this topic »
Irish Times
Number two post at IMF could go to developing countries
Business Day
Apart from this, the urgency of resolving Europe's deepening sovereign debt crisis probably warrants keeping an insider at the helm of the IMF. Europe's plight has worsened amid fear that Greece will default on its debt if it does not get a new tranche ...
See all stories on this topic »
Back to the Drachma
Wall Street Journal
Rather, Greece's debt crisis is rooted in its economic fundamentals, and nothing short of fundamental reform could improve its long-term prospects under the euro. Here are some telling numbers: While unit-labor costs in Greece have shot up 15 ...
See all stories on this topic »
The US dollar rose against most major counterparts Monday
FXstreet.com
Gold futures ended at their highest levels in more than three weeks on Friday, lifted by a weakening dollar and investor demand for a protection from worries about euro-zone government finances. This rally may be extended as Europe's debt crisis and ...
See all stories on this topic »
CANADA STOCKS-TSX may open firmer, helped by steady commodities
Reuters Africa
EU] * Asian markets were largely in red, but bucking the trend was Hang Seng which inched higher, helped by banking shares. * Gold held steady, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains as a hike in margins by the ...
See all stories on this topic »
Weekly Update: Major Equity Averages in Red for Fourth Straight Week
Galaxy Stocks
The market finished last week concerned on the subject of the eurozone debt crisis, and picked up where it left off on Monday. US equity markets dropped sharply after Standard & Poor's downgraded its ratings outlook on Italy from stable to negative and ...
See all stories on this topic »
Analysis: Serb dinar no one-way bet despite Mladic arrest
Reuters
And the yields of Serbian bonds -- the five-year benchmark was at 5.469 on Friday -- have largely converged with debt in the more developed euro zone and do not offer the same kind of gains as the double-digit yields carried by Czech, Slovak, ...
See all stories on this topic »
Reuters
Belgian Central Bank Details Debt Holdings
Wall Street Journal
... affected by the euro-zone sovereign debt crisis, the participation of the International Monetary Fund and the European Commission limits that risk. "We are in no way conducting a bailout," Mr. Coene said. "That's what the EU mechanism is for. ...
See all stories on this topic »
The Irish Times - Monday, May 30, 2011
Irish Times
A number of key euro zone indicators are also due this week, including inflation data for May, although these releases are likely to be overshadowed by the Greek debt crisis. Markets in the US and UK are closed today with some European markets shut on ...
See all stories on this topic »
Beware a manufacturing slowdown
Baltimore Sun
... desperately needs to avoid a debt default. "The stand-off highlights once again the continued lack of a cohesive policy response to the region's crisis," Capital Economics said in a research note. "Meanwhile, the latest batch of euro-zone business ...
See all stories on this topic »
Premarket: Jitters over Greece
Globe and Mail (blog)
Gold held steady, anchored by the ongoing debt crisis in the euro zone, while silver trimmed gains. Gold was nearly flat at $1536. Silver rose 0.6 percent to $38.10. German utilities slid after Berlin's decision to shut all nuclear reactors by 2022 in ...
See all stories on this topic »
Russia Central Bank raises Deposit Rate
FXstreet.com
Any form of restructuring continues to be opposed by both IMF and EU which are yet trying to find solutions to the debt crisis. PM Papandreou also faces political pressures at home after opposition did not support the new austerity measures. ...
See all stories on this topic »
Daily Market Outlook
FXstreet.com
At an emergency meeting, party sources said Greek political leaders failed to reach consensus on new, harsher austerity measures to pull the country out of its debt crisis and convinced skeptical investors could avoid default. ...
See all stories on this topic »
Oil Market Outlook
Bangkok Post
Crude prices seesawed last week, weighed down by euro-zone debt concerns and then rallying on bullish oil outlooks by two major investment banks as well as an unexpected drop in US distillate inventories. West Texas Intermediate closed the week at ...
See all stories on this topic »
Euro Debt Crisis, Greece, Portugal, Spain Debts Are Unpayable
The Market Oracle
That should easily destroy the ECB and the euro zone. We predict that by October changes will have to be made not only in the EU and euro zone, but in the UK and US as well. The battle rages in the euro zone, EU, UK and in the US over overwhelmingdebt ...
See all stories on this topic »
The Market Oracle
Emerging market equity funds witness $1 b outflows last week
Hindu Business Line
PTI Emerging market equity funds continued to see outflows as investors pulled out $1 billion last week on worries over euro zone debt crisis. This was the second straight week of outflows from the emerging market equity funds. ...
See all stories on this topic »
PSG favours higher quality companies where expectations are low
Moneyweb.co.za
In the absence of an economic crisis, and as long as profits are rising, equity markets are likely to keep grinding higher. But, given the current state of affairs, a crisis is well within the realms of possibility and, for the moment, the Euro-zone ...
See all stories on this topic »
UBS: From Discounts to Profits
Wall Street Journal
He expects clients to shake out of the lull and begin trading again when the US settles a political debate over its debt ceiling, which threatens to rock financial markets. Continuing euro-zone debtrestructuring problems are also hitting sentiment. ...
See all stories on this topic »
An Abundance of Advisers May Spoil Some Flotations
Wall Street Journal
Bankers also have attributed the withdrawal of some deals to market volatility and uncertainty overEurope's debt crisis. Investors, however, say some deals sink because they fail to gain support or because the price was too high. ...
See all stories on this topic »
The US Economy — In Lousy Shape And Getting Worse
The Moderate Voice
Energy costs might moderate. Food and health care costs? Not any time soon. The debt troubles of the euro-zone have already had negative consequences on our own banking system. And there's no end in sight to the EU's sovereign debt crisis. ...
See all stories on this topic »
Weak banks weigh early on Australian sharemarket
The Australian
... by the ongoing debt concerns in the euro zone periphery. Underscoring the debt travails in the region, the European Central Bank's executive board member Lorenzo Bini Smaghi said orderly restructuring of Greece's debt crisis was unlikely, ...
See all stories on this topic »
Weekly Economic Trends: 30 May – 3 June 2011
FXstreet.com
Total EUR score this week is +18%. 7 announcements (3 positive, 2 negative) point to moderately positive economic conditions across the eurozone. However, sovereign debt fears continue to plague the EU. Any news concerning the crisis could potentially ...
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EU Racing to Complete Second Greek Bailout to Avoid Collapse of Euro
By admin
The next scheduled meeting of euro zone finance ministers is on June 20 in Luxembourg, having been pushed back a week from its original date. It will be followed three days later by a summit of EUleaders to assess the 18-month-long debt crisis. ... Irish central bank governor Patrick Honohan acknowledged at a news conference on Monday that debt market conditions were worse now than when Ireland took an 85 billion euro bailout last November but said they would improve. ...
Midas Letter - http://www.midasletter.com/
Greek debt default time-bomb bringing trouble to paradise ...
By halthouse1
At the same time that Greece is teetering, other EU countries such as Ireland are facing debt crisesof their own. Is the EU house of cards about to come tumbling down, taking the rest of the world with it? ... The majority of depositors rushed to withdraw for pensioners and small savers and amounts ranging from 2-3000 lifted until 10 -15 000 euros. Motivation in most cases it was the fear that led the country into bankruptcy, deposits frozen even temporarily left without ...
The Economic Spy - http://michaelhaltman.com/
Chinese Gold Reserves Rise 30 Percent -- Morgan Gold
By James O'Dell May 30, 2011, Los Angeles – Gold rallied to near 3 week highs on Friday, gaining 1.17 percent or $17.70 to close at $1536.10 an ounce as worries about Greece's debt crisisencouraged investor's safe-haven buying while . ... “ There are worries about the Eurozone and concerns about China slowing down. Despite the fall to $1480, Gold didn't take the hit that Silver and crude oil did.” Pressure continues to grow on Greece to accelerate its reforms and sale of ...
Gold News from MorganGold.com - http://www.morgangold.com/
EU Debt Contamination Deepens In Greece, Portugal And Ireland ...
By Tyler Durden
Greece is just one of the sovereign debt crisis facing the Eurozone. Portugal and Ireland are bracing for debt crisis contagion to reach their shores and in both countries the crisis is deepening. Portuguese bonds have come under heavy selling pressure ...http://www.bloomberg.com/news/2011-05-30/euro-weakens-on- greece-debt-crisis-concerns-oil-falls-kiwi-strengthens.html. Commentary. ( ZeroHedge) -- The Greek "Ultimatum": Bailout (For The Bankers) And (Loss Of) Sovereignty ...
zero hedge - on a long enough... - http://www.zerohedge.com/fullrss2.xml
Labour considers link with Eurosceptic Tories over eurozone ...
By haaretz
Economic policyEconomicsGlobal economyEuroEuroEuropean UnionEuropeEuropean debtcrisisEuropean commissionLabourPatrick Wintourguardian.co.uk. Posted by haaretz at 4:06 PM. Sorry, the comment form is closed at this time. ...
Haaretz Daily - http://www.haaretzdaily.com/
EU Working On Greek Bailout So Loans Can Be Released Next Month
By The Huffington Post News Editors
HuffPost's QuickRead... Loading... HuffPost's QuickRead... Loading... BIG NEWS: Budget Cuts; |; Deficit; |; Interest Rates; |; Financial Crisis; |. Royal WeddingMore. Log in | Sign Up. Edit Preferences · Logout ... The next scheduled meeting of euro zone finance ministers is on June 20 in Luxembourg, having been pushed back a week from its original date. It will be followed three days later by a summit of EU leaders to assess the 18-month-long debt crisis. MARKETS RATTLED ...
The Full Feed from HuffingtonPost.com - http://www.huffingtonpost.com/raw_feed_index.rdf
EuroTrashed as Debt Crisis Hammers EU - HispanicBusiness.com
The Eurozone debt crisis deepened last night as Greece sank further into the mire and ... Borrowing costs in Europe's weakest economies soared and the euro ...
www.hispanicbusiness.com/.../eurotrashed_as_debt_crisis_ham...
Euro Zone Debt Crisis: Greek Default Could Make Others Junk ...
News. Blog Posts. Videos. Current DateTime: 05:20:31 29 May 2011 ... who have also agreed bailouts with the EU and the IMF. ... It would be expected though that even the slightly stronger euro zone sovereigns would come under ... He declined to say how likely it was that Greece would actually default on its debt . ...
classic.cnbc.com/id/43146400
Euro trashed as debt crisis hammers EU
Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity ... Services via COMTEX) -- The Eurozone debt crisis deepened last night as ...
news.tradingcharts.com/futures/6/1/159117716.html
Euro zone sovereign debt crisis back to the fore - Tradingfloor ...
Euro zone sovereign debt crisis back to the fore ... The Euro tumbled to a two month low against the dollar on news that the Greek economic ... the December 2010 high thereby highlighting the impact on gold from Europe's debt crisis. ...
www.tradingfloor.com/.../euro-zone-sovereign-debt-crisis-bac...
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