 Wall Street Journal As Moody's Investors Service Inc.'s slashing of Portugal's credit rating underlines, Greece's problems are part of a wider euro-zone debt crisis. But it is Greece that is closest to the brink of default. After two successful parliamentary votes that ... See all stories on this topic » | ||
| Europe shares snap winning streak on Portugal woes Reuters By Simon Jessop LONDON, July 6 (Reuters) - European shares snapped a seven-session winning streak on Wednesday after a Moody's downgrade of Portugal's sovereign credit to "junk" status fanned the flames of the euro zone debt crisis ahead of a regional ... See all stories on this topic » | ||
| Secondary Sources: Europe's Debt Crisis, China and Fuel, Business and Debt Wall Street Journal (blog) By Phil Izzo –Europe's Debt Crisis: Ryan Avent sees a worrying pattern in Greek debt. “There's a spike, followed by a decline, followed by a higher spike, followed by a decline to a higher trough, and so on. European leaders keep taking steps to avert ... See all stories on this topic » | ||
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| Espionage can help UK economic security-ex-spy chief Reuters Richard Dearlove, chief of the Secret Intelligence Service from 1999 to 2004, said in a rare public speech that the Euro zone debt crisis and the possible harm it might do to Britain's economy could be a subject for espionage, along with other emerging ... See all stories on this topic » | ||
| US stock index futures point to falls for Wall St Reuters In Europe, the FTSEurofirst 300 index of top shares was lower in early trade, ending a seven-day winning steak on concerns about the euro zone debt crisis and the possibility of contagion after Moody's cut Portugal's credit rating. ... See all stories on this topic » | ||
| Sovereign debt challenge broader than in euro area: IMF chief Xinhua "The issue is broader than in euro zone," Lagarde said at her first press conference as the new head of the 187-member international financial institution, citing that the debt crisis in Europe, particular in Greece is "immediate" and "pressing". ... See all stories on this topic » | ||
| Equities are set for a volatile summer as European concerns flare-up yet again FXstreet.com Since the Eurozone debt crisis is having such a profound impact on investor sentiment it is no surprise that the euro is leading other risky assets lower. In fact, the correlation between the euroand the SPX 500 has increased dramatically over the ... See all stories on this topic » | ||
| Gold Extends Gains Amid Fresh Euro Zone Debt Concerns RTT News Concerns about the ability or willingness of the euro-zone to manage the finances of some member nations facing massive debt crisis also bolstered the yellow metal. Gold prices also gained ground after the Institute for Supply Management said its US ... See all stories on this topic » | ||
| European crisis lurches as with Portuguese downgrade FXstreet.com However, the risk-off tone clouded by the omnipotent European debt crisis scarred the Aussie sending it to $1.0657 US cents at its worst point of the morning. British pound – The pound swung to a loss after a fairly positive start as troubles continued ... See all stories on this topic » | ||
| European Stocks Drop On Lingering Sovereign Debt Woes RTT News (RTTNews) - European stocks fell sharply on Wednesday, giving back a portion of last week's gains amid renewed concerns about the region's sovereign debt crisis. Moody's Investors Service cut Portugal's government bond rating to junk, while private ... See all stories on this topic » | ||
| Swiss Stocks Drop 1% On Debt, Economic Concerns RTT News Further reminders of the euro-zone debt crisis combined with news out of China and the US to push stocks lower. Close on the heels of an aid package to debt-laden Greece, another country moved into the financial-crisis headlines. Portugal had its debt ... See all stories on this topic » | ||
| European debt woes, Chinese rate hike boost dollar Sacramento Bee "The move is a stark reminder that problems in the periphery of the eurozone are not solely in Greece," said Capital Economics analyst Emilie Gay. Greece's debt crisis and worries about a possible debt default has made euro trading very volatile since ... See all stories on this topic » | ||
| RATE FUTURES REPORT: Euro Zone Debt Fears Far From Fading Wall Street Journal By Howard Packowitz Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)--Frayed nerves aboutEurope's debt problems were on full display Tuesday in US interest rate futures markets, only a week after investors expressed optimism that the crisis might not ... See all stories on this topic » | ||
| Italy Moves to Reignite Economy Wall Street Journal The government's three-year austerity plan is aimed at meeting European Union deficit rules, but more importantly at dispelling concerns about Italy's solvency, which have increased amid Europe'scontinuing sovereign-debt crisis. Europe's third-largest ... See all stories on this topic » | ||
| EU Morning Report- Euro rebounds ahead of the Greek confidence vote International Business Times By Markos Solomou | July 6, 2011 3:31 AM GMT The euro rebounded yesterday after comments from the Eurogroup Chairman Jean-Claude Juncker eased concerns about the eurozone debt crisis.Eurozone policymakers gave Greece two weeks to accept a new ... See all stories on this topic » | ||
| SocGen tops June Reuters FX poll with euro call Reuters The euro has strengthened almost 9 percent this year and despite an intensifying Greek debt crisis, hawkish rhetoric from the European Central Bank has kept the common currency strong. The ECB was the first among the "big four" central banks -- the US ... See all stories on this topic » | ||
| Italy--Still Part of the Periphery Business Insider Portugal's sovereign debt was not a problem until the financial crisis hit. The real problem in Portugal is not the sovereign but the private sector. And while so many are focused on the debt-centric narrative, one theme we return to from time to time, ... See all stories on this topic » | ||
| Canadian Stocks Retreat as U.S. Service-Sector Index Declines San Francisco Chronicle Barrick Gold Corp., the world's biggest gold producer, gained 1.2 percent as investors sought a haven from the European debt crisis. The Standard & Poor's/TSX Composite Index slipped 31.44 points, or 0.2 percent, to 13393.86 at 11:15 am in Toronto ... See all stories on this topic » | ||
| No eurobonds possible without stronger budget rules, EU's Rehn says Monsters and Critics.com Strasbourg, France - The European Union needs to adopt tougher budget discipline rules before thinking about issuing joint euro area sovereign bonds as a way out of its debt crisis, the bloc's top economic official said on Wednesday. EU lawmakers have ... See all stories on this topic » | ||
| Now Japan may run out of money FX-MM It appears that the sovereign debt crisis disease is spreading. Europe is still very much in intensive care despite last week’s vote by the Greek Parliament to accept strict fiscal medicine. In the United States, policy sclerosis in Washington on ... See all stories on this topic » | ||
| CANADA STOCKS-TSX may open lower after Chinese rate hike Reuters [ID:nB9E7EM01R] And caution over the euro zone debt crisis resurfaced after Moody's cut the credit rating for Portugal by four notches to non-investment grade, warning the country may need a second round of rescue funds before it can return to capital ... See all stories on this topic » | ||
| ICI's Reid Writes Dispelling Misinformation on Money Market Funds Crane Data LLC Finally, ICI writes, "No one can say with certainty how a European financial crisis would play out. But the Eurozone has been experiencing debt and financial concerns for more than a year now. Throughout this period, prime money market funds and other ... See all stories on this topic » | ||
| Debt Raters Miss Iceland Rebound Bloomberg The rating companies have been criticized by European officials for exacerbating market turmoil by announcing downgrades as policy makers struggle to end the debt crisis. European Central Bank Governing council member Yves Mersch said in March he's ... See all stories on this topic » | ||
| Debt crises Europe and America, increasingly alike The Economist (blog) GIDEON RACHMAN had a good thumb-sucker in yesterday's Financial Times arguing that the current political-economic crises in America and Europe are basically two sides of the same crisis. "In Washington they are arguing about a debt ceiling; ... See all stories on this topic » | ||
| Moody's says 26 banks may need stress test support Reuters The health check, aimed at restoring investor confidence in a sector hit by the euro zone debt crisis, weaker returns for investors and regulatory uncertainties, should have positive effects for banks, Moody's said. The test has already prompted ... See all stories on this topic » | ||
| Global economy may slow in Q3 on Greek tragedy Middle East North Africa Financial Network We expect deteriorating domestic data for almost all of EU. The [Eurozone] debt crisis continues to be unresolved and as such, constitute the biggest single event for Middle East growth and export," Jakobsen explained. Weighed down by a mountain of ... See all stories on this topic » | ||
| Non-US Banks Stock Update - July 2011 InvestorIdeas.com (press release) In early 2010, the debt crisis originating in the Greek economy shook the stability of the European Union's (EU) monetary policies. Starting as a solvency crisis in a single country, the turmoil threatened the entire Euro-zone. ... See all stories on this topic » | ||
| US dollar closes higher on Taipei forex Focus Taiwan News Channel Taipei, July 6 (CNA) The US dollar rose against the Taiwan dollar Wednesday, gaining NT$0.05 to close at NT$28.851 on renewed concerns over the debt crisis in Europe after Moody's Investor Service downgraded Portugal's credit rating to below the ... See all stories on this topic » | ||
| In Europe, an 'Argentinean Re-Run': Fund Manager CNBC.com Argentina, together with the region's largest country Brazil and with Uruguay, suffered a sustained economic crisis last decade after building up a huge debt pile. Argentina in particular continued to borrow heavily from the International Monetary Fund ... See all stories on this topic » | ||
| Hungary Strains With EU Ease Wall Street Journal (blog) That paved the way for a presidency that, while far from spectacular, did not descend into an acrimonious failure either: despite the Euro-zone debt crisis spreading and deepening, Budapest helped wrap up accession negotiations with Croatia, ... See all stories on this topic » | ||
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| Montenegro - Euro will survive debt turmoil, PM Igor Lukšić told Bloomberg ISRIA (registration) The euro, which helped Montenegro lower its bond yields this year, will survive its sovereign debt crisis, said Igor Luksic, the prime minister of the former Yugoslav nation that unilaterally adopted the currency. “I don't understand what anybody could ... See all stories on this topic » | ||
| Base metals to log tepid growth in June quarter too Economic Times KOLKATA: The Europe debt crisis and a production slowdown in China are affecting prices of base metals. The volatility in metal prices is likely to continue in this quarter as well. Analysts and industry officials apprehend that there may be a further ... See all stories on this topic » | ||
| LME MORNING - Base metals mixed; rallies stall on eurozone woes ahead of key data FXstreet.com The latest chapter of the sovereign debt crisis in Europe also continues to worry investors. Ratings agency Moody's cut Portugal's debt rating to junk status and also placed the country on negative watch today. Elsewhere, the cost of insuring against ... See all stories on this topic » | ||
| That the Greek Plan Is Default by Another Name Seeking Alpha Armageddon had been avoided again.The IMF welcomed the move to extend the resolution of the Greek debt crisis as a move that would allow for creation of conditions for sustained growth and employment. The default of debt coming due and the imposition ... See all stories on this topic » | ||
| One of the Saddest Stories in the World: A Lesson We Can All Learn From DailyWealth My trip to Ireland was my first exposure to a European casualty of the debt crisis. The other euro-zone nations I've seen, Germany and France, are thankfully strong economies that are riding out the storm successfully. But Ireland is not. ... See all stories on this topic » | ||
| Bond yields inch up tracking oil; US cues aid Economic Times New worries that the most severe elements of Europe's debt crisis are in danger of spreading, including Portugal's first ratings downgrade to junk, rekindled US Treasuries' safe-haven appeal on Tuesday and ended a five-day selloff. ... See all stories on this topic » | ||
| AP Business NewsBrief at 6:30 am EDT TMC Net World stocks lower as investors focus on EuropeHONG KONG (AP) _ Global stock markets were mostly lower Wednesday as investors focused attention on Europe's debt crisis as bankers worked out how they would contribute to a rescue for debt-riddled Greece. ... See all stories on this topic » |
| NewsDaily: EU slams ratings agencies after Portugal downgraded By Kirsten Donovan and Paul Taylor European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody's downgrade of Portugal's debt to "junk" cast new doubt on EU efforts to rescue distressedeuro zone states without debt ... Moody's thumbs- down, coming so soon after a new center-right Lisbon government announced austerity plans going beyond international lenders' demands, called into question the EU strategy for dealing with the euro zone sovereign debt crisis. ... NewsDaily: Top Headlines |
| Portuguese Downgrade Hits Euro, Risk Appetite | Commonwealth ... By omere The U.S. dollar firmed against most of its major rivals overnight after Moody's slashed Portugal's bond rating to junk status yesterday, reviving concerns about contagion of the euro zone's debt crisis. The downgrade quickly saw euro zone credit spreads ... about the 17-member bloc's debt crisis. Moody's warned that prohibitively high borrowing costs would likely keep Lisbon from tapping into credit markets and likely result in the need for another massive EU/IMF bailout. ... Commonwealth Foreign Exchange Inc. |
| EU slams ratings agencies after Portugal downgraded (Reuters ... By Editor - Business News ... coming so soon after a new center-right Lisbon government announced austerity plans going beyond international lenders' demands, called into question the EU strategy for dealing with the euro zone sovereign debt crisis. ... Rocket News |
| The Greek Crisis and The Euro – A Tipping Point? - Securities Law ... By Kara OBrien The debt crisis in Greece has dominated the global news over the past weeks and months but, if you're like most Americans, you're wondering why you should care about the financial troubles of a tiny Mediterranean country. ... Predictably, the failure to conclude this deal and the resultant uncertainty puts the Euro under immediate pressure on the foreign exchange markets, and yields on bonds issued by the Eurozone's peripheral governments widened against German Bunds. ... Securities Law Practice Center |
| Exiting the euro is the best strategy for ordinary Greeks ... By Jérôme E. Roos What began, in the autumn of 2008, as a debt crisis for banks has now mutated into a debt crisis of states. The financial press is buzzing about the impending “Lehman's moment” for Greece and theeurozone. The second emergency package ... ROAR |
| Sovereign Debt to Drive Gold Prices | Live Stock Trading News ... By Shayne Heffernan “The issue is broader than in euro zone,” Lagarde said at her first press conference as the new head of the 187-member international financial institution, citing that the debt crisis in Europe, particular in Greece is “immediate” and ... Live Trading News |
| The markets… they say 'no!'. « The Cedar Lounge Revolution By WorldbyStorm The euro and European shares fell on the news, ending a seven-day stocks rally, and Portugal had to pay more to sell three-month T-bills today. The thumbs-down, coming so soon after a new centre-right Lisbon government announced austerity ... Louise Cooper, markets analyst at BGC Partners, warned that the banking industry faces major losses as the eurozone crisis plays out. “Economists at Citigroup have calculated the sustainable and appropriate national debt levels for ... The Cedar Lounge Revolution |
| Wall Street slips on global growth worry - Economy News By Economy News The S&P 500 has been fluctuating in a range from about 1250 to 1350 for the last several months, with flare-ups in the euro zone debt crisis often serving as a catalyst for profit-taking. “It's kind of a cumulative effect. You don't have good economic data coming out here, you don't have the earnings reports flowing and all of a sudden bad news comes from Europe. It all kind of brings the market down,” said Jankovskis. The Dow Jones industrial average (DJI:^DJI – News) ... Economy News |
| Will the ECB surprise the markets on Thursday? | easy-forex Blog By easy-forex team The Greek Parliament approved a five year 78 billion euro new austerity plan, an unpopular plan with further tax hikes and deep spending cuts that caused protests from Greek citizens. Focus now shifts from the eurozone's debt crisis and ... easy-forex Blog |
| Eurozone debt most dangerous crisis, EU - Silobreaker Eurozone debt most dangerous crisis, EU - [20 mins ago - BigPond News]. Debt crisis big danger to EU: Polish minister - [3 hours ago - West Australian] ... www.silobreaker.com/eurozone-debt-most-dangerous-crisis-eu... |
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