Today: EUROZONE Crisis News, Nov 28, 2011

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Nov 28, 2011

EUROZONE Crisis News, Nov 28, 2011

Euro zone crisis threatens all EU government bond ratings: Moody's
Economic Times
Moody's Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all European government bond ratings. "While Moody's central scenario remains that the euro area will be ...
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Eurozone crisis puts US on edge of recession; China growth to slow: OECD
Economic Times
So far, analysts and some Federal Reserve officials have played down concerns that the euro zonedebt crisis, which has roiled financial markets, will hit the broader economy hard. One reason they cite is that US exports to the euro zone account for ...
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Rio Tinto: Euro-Zone Crisis Could Harm Global Growth
Wall Street Journal
SYDNEY (Dow Jones)--The crisis in the euro zone could have knock-on effects around the world, including a slowdown in China and in commodity exporter Australia, Rio Tinto Chief Executive Tom Albanese said Monday. "It is a tough market out there now," ...
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Debt crisis: live
Telegraph.co.uk
"The euro area crisis represents the key risk to the world economy at present. A large negative event would... most likely send the OECD area as a whole into recession." A significant worsening of the eurozone debt crisis would push the single currency ...
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Telegraph.co.uk
Germany, France examine radical push for eurozone integration
Reuters
The ECB has bought the bonds of euro zone strugglers in intermittent fashion when they have reached crisis point. Economists say it has to act much more radically to turn the market tide but the central bank, and Germany, has opposed any such move. ...
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Eurozone Crisis: The View From Singapore
Forbes
So its warning of an imminent slowdown amid a protracted Eurozone crisis tells you that trouble may be afoot. Singapore's government predicted last week that growth would slow to 1-3% in 2012, compared to an estimated 5% uptick this year and a dramatic ...
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Euro crisis 'ticking bomb' for Turkey
Hurriyet Daily News
DAILY NEWS photo, Emrah GÜREL The eurozone debt crisis has turned theEuropean economy into “a ticking time bomb” that lies at Turkey's door, according to a top economist who has been ranked among the most influential thinkers of our time....
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Hurriyet Daily News
China eyeing mass purchase of EU factories, railways
EUobserver.com
"The euro zone crisis has not entirely played out and asset prices are very volatile. They haven't found their floor ... Europe is not a resources player, but its manufacturers are what would most interest us, with their market, their technology, ...
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Street signs:GDP growth nos, unfolding Eurozone Crisis to drive Nifty
Economic Times
MUMBAI: Investors and punters will track two big stories that can swing the market this week: will the Euro crisis engulf France and Germany? Will there be a dip in India's GDP for the second quarter? The lack of buyers and firming yields of European ...
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Schaeuble Says Euro Fund Needs More Work to Spur Confidence
Bloomberg
Pecresse, who is also a spokeswoman for the French government, said that fellow administrations are working on “re-making the European treaties,” with the aim of creating “new governance for the euro zone, a real regulator and real sanctions to bolster ...
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Bloomberg
Extreme Eurozone Disruption? Peril Threatens Financial Globalisation?
The Market Oracle
The capacity to resolve this crisis easily existed but the amount of funds now required are no longer going to be a few trillion euros but actually much more because the crisis has been left too late; 5. The crisis has now spread to the 3rd and 4th ...
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EUROPEAN OPENING NEWS INCLUDING: The Eurozone really has only days to avoid ...
Proactive Investors UK
Moody's said that the rising severity of the Euro area sovereign crisis threatens EU sovereign ratings and central scenario carries very negative rating implications for Euro-zone in the interim. Moody's said the launch of IMF new credit line is ...
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Our banks may feel their mortality if euro zone binge clogs up credit lines
Sydney Morning Herald
Photo: Reuters AS THE euro zone teeters on the brink of crisis and panic grips the credit, equity and currency markets, the global banking system has checked itself back into the emergency ward. On a superficial level, for Australia, it means bank ...
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Sydney Morning Herald
FTSE 100 rises on progress on EU crisis
MarketWatch
By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) — London stocks rose sharply on Monday, in step with Europe and global markets, amid optimism that European officials were increasing efforts to keep the euro-zone debt crisis from worsening. ...
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Merkel, Sarkozy Plan Fast-Track EU Stability Pact, WamS Reports
Bloomberg
Germany and France would start a coalition of euro zone members that would commit to greater fiscal discipline without waiting to change European Union treaties, the newspaper said. The project, similar in form to the Schengen agreement that regulates ...
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Precious metals may fall further due to Euro crisis
Malaysia Star
Eurozone crisis is still the spotlight of media news since Germany strongly opposes the creation ofEuro bonds. Portugal and Hungary are both downgraded in credit ratings and plummets investors' confidence. This week, we reckon that market will ...
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Oil, copper, gold climb on euro zone optimism
Reuters
The euro zone debt crisis and a struggling US economy had deterred appetite for riskier assets over the past months because they dented the outlook for raw material demand. For the year, the Reuters Jefferies CRB index . ...
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FTSE gains on hopes of radical action by EU leaders
Reuters
By David Brett LONDON, Nov 28 (Reuters) - Britain's top share index climbed higher on Monday, extending the previous session's gains on hopes European leaders were exploring more drastic methods to bring Europe's debt crisis under control. ...
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Copper futures soar 3% on fresh euro zone crisis hopes
Forex Pros
Tom Albanese, chief executive of global mining giant Rio Tinto said earlier that “continuing stresses in the euro zone and a weaker outlook for the US economy are inevitably affecting customer sentiment, which has become more negative in recent months. ...
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Ten-yr JGB yield hits 3-mth high as Europe crisis deepens
Reuters
"A poor German bond auction last week fuelled fears that the euro-zone debt crisis could get out of control, and this is still weighing on JGBs, but investors are just adjusting positions ... I don't think their selling is based on a perception that ...
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European cash crisis slices $7 billion from tax revenue
Sydney Morning Herald
British Finance Minister George Osborne declares that the euro zone is in a very dangerous and difficult situation. THIS week's budget update will show the government still on track for a 2012-13 surplus, despite the euro crisis wiping a whopping $7 ...
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EuroBond Rates 'Explode'
Markets
Italy's borrowing costs soared to their highest levels since Rome joined the euro on Friday, extending pressure on the newly installed government of Mario Monti at the end of a week in which the Eurozone crisis tainted even safe haven Germany. ...
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Law Of Unintended Consequences: European Defaults, Failed Western Ideologies ...
Eurasia Review
At the height of the slow motion car crash which is often referred to as the Eurozone crisis, Euroleaders championed the proposed agreement with Greece to slash (haircut) their private sovereign debt by 50%, allied with some 'chicanery' (my word not ...
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Mission impossible: finding good interest rates on currency accounts
Telegraph.co.uk
But with the eurozone crisis continuing to keep the future of the euro in doubt, and the United States, among others, trying to devalue its currency to help boost its economy, it is increasingly hard to decide which currency to hold. ...
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Telegraph.co.uk
Germany mulls "elite bonds" with 5 nations: report
Reuters
BERLIN (Reuters) - The German government is considering the possibility of issuing joint bonds with five fellow triple A euro zone countries that are being referred to as "elite bonds" or "AAA bonds," newspaper Die Welt reported on Monday. ...
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BCC Cuts UK Growth Forecasts On Eurozone Crisis
NASDAQ
(RTTNews) - The British Chambers of Commerce (BCC) on Monday trimmed the growth outlook for the UK economy and said the impacts of the Eurozone debt crisis have been more serious than previously predicted. The industry group now expects the economy to ...
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S Korea Won Up Late On Euro-Zone Hopes, Stronger Stocks; Bonds Lower
Wall Street Journal
Positive sentiment in early Asian trade dissipated after people familiar with international discussions on the euro-zone debt crisis told Dow Jones Newswires that the report on IMF's aid package for Italy was "not credible." The euro gave up much of ...
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Thailand - Market factors to watch - Nov 28
Reuters
But I think the ongoing worry about the Euro zone crisis could still weigh," said Therdsak Taveeteeratham, senior analyst at broker Asia Plus Securities. US stock futures jumped in early electronic trading on Sunday on the latest round of proposals out ...
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To end crisis, leaders told: Get behind euro
China Daily
There's no Chinese action that can substitute European action," said Blair, who was visiting Beijing to meet with Vice-Premier Wang Qishan to discuss global economics,eurozone debt and the Middle East crisis. To preserve the euro, he said leaders must...
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China Daily
Economic lessons for the politicians
Sydney Morning Herald
Recovery, goes the refrain, has been ''derailed'' by the euro zone crisis. But this is to turn the matter on its head. The euro zone crisis did not derail recovery; it is the result of a lack of recovery. It is the natural, predictable, and (by many) ...
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Sydney Morning Herald
Asian Markets Rally On Eurozone Recovery Hopes
RTT News
(RTTNews) - Asian stock markets are mostly trading notably higher on Monday with investors picking up stocks, betting on hopes that the European debt crisis will be resolved soon on the back of reports that the International Monetary Fund is likely to ...
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Emerging markets' prospects brighten amid Euro-zone concerns
Economic Times
The contagion fears of the credit crisis and Europe heading for a recession have intensified with the surge in borrowing costs of other Eurozone countries. A Bank of America-Merrill Lynch survey of 258 fund managers globally found that 72% of the ...
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Forex - GBP/USD rises on euro zone crisis action hopes By Forexpros
By Forexpros
Forex - GBP/USD rises on euro zone crisis action hopes.
Forex Pros RSS News Feed | Forex News
NewsDaily: Insight: Euro zone staring into the abyss, waiting for ECB
By Paul Taylor
NewsDaily: Your best source for breaking news ... President Nicolas Sarkozy, whose hopes of re-election next year effectively hinge on the euro zone crisis, has little to show so far in return for his concessions to Berlin. Merkel last week ...
NewsDaily: Top Headlines
Euro bonds: to yeild or not yeild — RT
By RT
... the European bond market. Belgium, Italy, Spain and France all have auctions, which will give a good indication on how the Euro zone crisis is progressing. ... Go to main page Business News Eurobonds: to yeild or not yeild. MORE ON THE ...
News RSS : Today
Euro area crisis threatens EU sovereign ratings ... - Rocket News
By Editor - Business News
Mon Nov 28, 2011 12:23am EST (Reuters) - Moody's Investors Service warned on Monday the rapid escalation of the euro zone.
Rocket News
Volatile Week for Stocks as Euro Zone Debt Crisis Worsens | Stock ...
By edliston
Global equity markets tumbled for the week ended November 25 as the debt crisis in the euro zoneworsened. Investors' sentiment was also weighed down by.
Stock Market News
Euro Zone Debt Crisis - Italy's PM in Austerity Race; IMF Denies In ...
News. Blog Posts. Videos. Current DateTime: 12:27:58 28 Nov 2011 LinksList Documentid: 39635451. Expiration DateTime: 11/28/2011 12:30:51 AM. Moody's: Mounting Pressure on All EUSovereign Ratings 27 Nov 2011 · Asia Stocks Rise on ... Adding to international pressure on euro zone leaders to stem the debt crisis, U.S. President Barack Obama will press senior EuropeanUnion officials in Washington on Monday to reach a solution to the emergency that Moody's said now...
CNBC Top News and Analysis
Berlin faces isolation on ECB euro rescue role - The Local
Germany faced mounting pressure Sunday to let the European Central Bank (ECB) save the crisis-hiteurozone, as reports surfaced of IMF contingency bailout planning for a re-modelled Italy. ... The Local: Germany's news in English. “Merkel's ...
The Local - Germany's news in English
XE.com - Euribor rates rise on money market tensions
Key euro-priced. ... Search for a news provider, date, or keywords. News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd ... each other grew due to theeuro zone's intensifying debt crisis. Spiralling ...
XE Forex News
Moody's continues fanning the Eurozone debt crisis flames | End the ...
By Madison Ruppert
Moody's continues fanning the Eurozone debt crisis flames. By Madison Ruppert. Editor of End the Lie. The Moody's Investor Service said that the “rapid escalation” of the European sovereign debtcrisis is now threatening the stability of every ...
End the Lie - Independent News
Euro Extends Slide As Eurozone Crisis Cripples Markets
The euro extended its recent slide against major rivals on Friday as European equities fell across the board on irresolute European debt crisis. The recent run of ...
www.rttnews.com/Content/CurrencyMarket.aspx?Id...SM...
Eurozone crisis: live blog | Brussels blog | News on the European ...
Welcome to our continuing coverage of the eurozone crisis. All times are London time. By Tom Burgis and John Aglionby on the news desk in London, with ...
blogs.ft.com/brusselsblog/2011/11/17/
Corn, wheat slip as euro zone crisis weighs on mar... - Silobreaker
Corn, wheat slip as euro zone crisis weighs on market. ... NEWS SEARCH ANALYSIS INSIGHT. 360° SearchNetworkHot SpotsTrends ...
www.silobreaker.com/corn-wheat-slip-as-euro-zone-crisis-wei...
Euro zone crisis, slowdown in China to fuel negative sentiments
Although there was a technical bounce-back due to short covering on a couple of days the investor sentiment remained weak, driven by global uncertainty.
www.allvoices.com/.../10966716-euro-zone-crisis-slowdown-i...

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