Jul 4, 2011
FINANCIAL News, Money, Banks, Stock, Economic and Financial Crisis, Jul 04, 2011
 Business News Network (blog) Those are bound to have a greater impact on investment decisions over the coming months than the fumbling, crisis-driven efforts by the European Union (EU) to prevent the larger French and German banks from taking a “haircut” on Greek debt. ... See all stories on this topic » |
| Age of Greed: The '90s and "Finance is Always Good" Real News Network Really fast again, for people that don't know, quick, Glass-Steagall was [crosstalk] MADRICK: Well, the main part of Glass-Steagall separated investment banks who raised money through the stock markets through stocks, and regular banks that took yours ... See all stories on this topic » |
| International Forecaster July 2011 (#1) - Gold, Silver, Economy + More Gold Seek Little has been done to repair the damage done by the credit crisis, which began in 2008. The financial sector and government has temporarily been kept from failure, but little else has been done. The situations in Europe and the UK are no better. ... See all stories on this topic » |
| Big Rally in the Books, What's Next? Seeking Alpha My suspicion is that the receding threat of Greek default triggered global financial crisis, signaled by the trading action in a number of large bank stocks, may be the better explanation. In any event, as I noted in last week's article, ... See all stories on this topic » |
| Views from the top: Commodities chiefs Financial News I would expect a positive decision on QE3 in the US; a fight with deflation and economic stimuli in Japan; and the solution of the European debt crisis. All these measures will keep supporting high commodities prices and strong stock markets in the mid ... See all stories on this topic » |
| Dodd-Frank shows teeth on first birthday Financial News Together, the top five European banks may also be facing another several billion dollars of US legal exposures pertaining to crisis-related charges. The first quarter of 2011 ended with the top 10 global investment banks continuing to average share ... See all stories on this topic » |
| On Independence Day 2011, we're more dependent than ever The Seattle Times In an increasingly interdependent world economy, shocks spread quickly. The US financial system has limited exposure to the Greek bonds at the center of the European financial crisis. But US banks and money-market funds are invested in European banks, ... See all stories on this topic » |
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EUROZONE Debt Crisis News, Jul 04, 2011 (2)
Quick Guide to the Greek crisisReuters
July 4 (Reuters) - A debt crisis in Europe's single currency zone has entered a critical phase with fears Greece could default and spark a global financial disaster like the one that followed US investment bank Lehman Brothers' collapse in 2008. ...
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Ireland's Gilmore Looking To EU To Do More To Solve Crisis
Wall Street Journal
DUBLIN (Dow Jones)--Ireland is on track to meeting its commitments to its bailout lenders but now needs the European Union to do more to settle the wider debt crisis engulfing the euro zone, Irish deputy prime minister Eamon Gilmore said Monday. ...
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German privatisation agency poor model for Greece
Reuters
There are key differences between the situation of East Germany as communism imploded across Eastern Europe and the debt crisis plaguing Greece. Economists agree, however, that Germany's experience offers cautionary tales. "It might not serve as the ...
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Rostowski criticizes Europe's management of the Greek crisis
Warsaw Business Journal
Mr Rostowski was allowed to take part in a teleconference of the Eurogroup (a grouping of euro-zone finance ministers) about the Greek debt crisis on Saturday. But according to an EU diplomatic source quoted by the Euobserver.com, he was kept out ...
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| Europe's bigger crisis waiting to happen Reuters UK (blog) As mentioned above the problem with a sovereign debt crisis is that once it takes hold it's hard to reverse. They also tend to have a snowballing effect, but Europe's demographic crisis is more like an avalanche. It won't be long before investors start ... See all stories on this topic » |  Reuters UK (blog) |
| Red Line: Nagorno-Karabakh, Greek debt crisis and Yulia Tymoshenko Russia Beyond The Headlines And their point is that to save the whole of the euro-zone from another financial crisis, the Greek government was made to act against the will of its own people. Which is not exactly a democratic procedure. Let me quote the paper: “What the socialist ... See all stories on this topic » |  Russia Beyond The Headlines |
| Oil market mixed Independent Online World oil prices were mixed on Monday in light deals amid the Independence Day holiday in the United States, as traders kept one eye on fast-moving eurozone debt crisis. Brent North Sea crude for delivery in August shed 15 cents to $111.62 a barrel in ... See all stories on this topic » |  Independent Online |
Greece avoids bankruptcy as Eurozone finance ministers approve bailout payment
Herald Sun
By Laurent Thomet EUROPE bought time to avoid a Greek bankruptcy, but tough negotiations lie ahead to save Athens and prevent the eurozone debt crisis from descending into global drama. Eurozone finance ministers cleared the way for the next €12 ...
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| The reality of China's helping hand to eurozone PublicServiceEurope.com Bilateral trade volume topped $360bn in 2010, and exports to the EU are more than twice as big as China's imports. If the sovereign debt crisis were to end up in a disorderly Greek default, a banking crisis, contagion to other eurozone countries ... See all stories on this topic » |  PublicServiceEurope.com |
Central bankers' euro bashing
Money Supply (blog)
Sir Mervyn King has twice of late attacked eurozone officials' line on the region's sovereign debt crisis, first at the inaugural Financial Policy Committee press briefing, then to parliament last Tuesday. On both occasions he trashed the view that the ...
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Euro-Zone Data Provide Rate-Rise Fuel
Wall Street Journal
Germany's economic strength, in defiance of the bloc's worsening debt crisis, is driving euro-zone growth. Mr. Trichet reiterated Thursday that he sees a "positive underlying momentum of economic activity in the euro area," and sees "the continued ...
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Hedge Funds Seeking Gains in Greek Crisis
New York Times
Some investors said that many hedge funds appeared to have sat out much of the euro zone crisis, particularly in bets involving Greek sovereign debt, concluding it was a “no-win situation,” said Gerlof de Vrij, the head of the global asset allocation ...
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| FTSE closes up 0.46% after strong gains in Asia AFP LONDON — Stock markets closed up on Monday, after bumper gains in Asia, though banks were hit once again by concerns of exposure to the Greek debt crisis. London's benchmark FTSE 100 index of top shares closed up 0.46 percent to 6017.54 points. ... See all stories on this topic » |  AFP |
| 'We Can't Allow a Second Lehman Brothers' Spiegel Online SPIEGEL spoke with German Finance Minister Wolfgang Schäuble about what happens next, whether a Greek default is inevitable and how dangerous the debt crisis is for democracy. SPIEGEL: Minister Schäuble, 15 years ago, a leading German politician wrote ... See all stories on this topic » |  Spiegel Online |
ETF Insider: Will The Market's Fireworks Continue?
Business Insider
PowerShares DB USD Index Bullish Fund (UUP): Thanks to a short-term resolution to the Greek debt crisis as well as strong equity performances, demand for safe havens such as the US dollar has been slumping. It also hasn't helped that the debt ceiling ...
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PRECIOUS-Gold rises as drop to 6-week lows sparks buying
Reuters
"The debt crisis in Greece has eased somewhat for the time being, but that does not mean it is solved, " said Commerzbank analyst Daniel Briesemann. "The problem is still there -- the EU and Greece have only gained some time." The euro is expected to ...
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Partying on the Edge of the Eurozone Volcano
EconoMonitor (blog)
A revenge fantasy invented by the most Europhobic UK Conservative MP could not equal the damage done to the European Union's reputation by its leadership during the Greek crisis…. Instead, the record of the euro area's leadership is a sort of ...
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EMERGING MARKETS-Stocks hit 1-mth high, Thailand jumps
Reuters Africa
Romania has been seen as more exposed to the Greek debt crisis than other central European economies, due to Greek banking penetration in Romania. The Hungarian forint hit a six-week high against the euro and Swiss franc , rowing back from recent ...
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Stephen King: The eurozone must replace its blank cheques with some real ...
The Independent
The UK, of course, headed in the opposite direction. Today's crisis could be the opportunity to impose a similar choice. As things stand, the euro is failing. Its failure stems from a debt crisis for which no one is prepared to take responsibility. ...
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Stock Market
BusinessWorld Online
STOCKS SURGED to a fresh all-time high yesterday, with resolution of the Greek debt crisis and the Sy family's purchase of more shares in a mining firm making investors bullish. The Philippine Stock Exchange index (PSEi) rose by 1.61% or 69.93 points ...
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Euro Rally Finally Finds Some Resistance After S&P Issues Warning on Greece
DailyFX
A temporary resolution to the Greek debt crisis and some encouraging data out of the US have been helping to bolster risk related assets, with currencies like the Canadian and Australian Dollars outperforming. The Canadian Dollar has been a real ...
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OIL FUTURES: Crude Rises Amid Progress on Greece
Wall Street Journal
... (Dow Jones)--Crude-oil futures rose in Asia Monday, with prices likely to move in a relatively narrower range this week amid progress in resolving Greece's debt crisis, which could reduce volatility for both the euro-dollar exchange rate and crude. ...
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Ldn FX: Strong Construction Survey Gives Sterling New Boost
IMarketnews.com
UK PRESS: The City has started hiring on the same scale as before the financial crisis despite growing concerns over British banks' exposure to the eurozone debt crisis and the weakness of the economic recovery, the Times says. ...
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Agricultural Policy Key to EU Inflation
Wall Street Journal
While the recent surge in oil prices added an estimated quarter of a percentage point to euro-zone inflation, experts are warning that the agricultural crisis threatens to increase overall inflation levels in Europe by another half a percentage point. ...
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Post-QE2 yield rise may not help US dollar
MarketWatch
The euro /quotes/zigman/4867933/sampled EURUSD -0.0206% found support in the low $1.40s despite weeks of uncertainty surrounding Greece's debt crisis. And the dollar never managed a big breakout, with the dollar index /quotes/zigman/1652083 DXY ...
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Kenyan flower earnings below target
CTV.ca
Kenya's flower earnings for this year will fall short of the projected target due to a weak shilling and the prevailing euro zone crisis, the chief executive of the Kenya Flower Council (KFC) said on Monday. Flower exports account for more than half of ...
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Lewandowski scolds 'arrogant' countries on EU budget
EurActiv
Lewandowski raised concerns that negotiations over the 2014-2020 budget will be difficult due to the "unfavourable conditions" created by the euro zone's debt crisis and the bailouts of the peripheral economies of Greece, Ireland and Portugal. ...
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Global demand hopes drive equities
Moneycontrol.com
<>But bears who contend that the rally was little more than end-of-quarter window dressing based on false hopes for the eurozone debt crisis, may point to a startling chart. The Citigroup Economic Surprise Index measures the relationship between ...
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Mary Ann Sieghart: Where have all the europhiles gone?
The Independent
What this has done is spread the contagion of the sovereign debt crisis well beyond the borders of the more irresponsible countries. The other "success" was that the euro boosted trade and growth within the eurozone, but in an illusory and ultimately ...
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new fiscal year opens with slight fluctuations
Business Recorder
At the week-end, which was a banner week for euro, Greece evaded a near term default and investors embraced risk, but did not expect a repeat performance given investors' belief that the country's debt crisis is far from over and concerns about the ...
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Warnings grow over buyout bounce
Financial News
Bain said the sovereign debt crisis was one of the biggest macroeconomic risks in Europe, while strained household income in the US and concerns surrounding inflation and asset bubbles in Asia also threatened to hobble private equity investment. ...
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Euro Falls Versus Yen After S&P Says Greece May Be In 'Selective Default'
Bloomberg
... amid the euro-area debt crisis. “There is a response to domestic data, undoubtedly,” said Steve Barrow, London-based head of research for Group-of-10 currencies at Standard Bank Plc in London. “The backdrop is not just the euro zone issue and risk, ...
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Forex: Euro retreats sharply on S&P headline; Risk takers go hiding
NASDAQ
... avoid a credit event in the whole Greek crisis story. In breaking news, Standard and Poor's rating agency just released a headline stating: "EU Debt rollover plan may put Greece in selective default." The news shook out those long the Euro in Asia, ...
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French and Benelux stocks-Factors to watch on July 4
Reuters
[ID:nN1E761042] Europe's second-largest insurer is not looking for acquisitions in Italy, CEO Henri de Castries said in an interview in Italian daily La Repubblica, adding that he was optimistic about the impact of the euro zone's debt crisis on the ...
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India Forex Advisors / Market Commentary /4_July_2011
IBTimes Hong Kong
Oil rose after Europe authorized a loan payout for Greece, easing speculation the country's debt crisis will slowdown the Euro zone economic recovery. Support is seen at 94.86 levels (100 days 4hrly EMA) while resistance is seen at 95.69 levels (200 ...
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| Italy calls in S&P over austerity statement AFP ... market amid fears that the Greek debt crisis could drag down other weaker eurozone states. The regulator has also asked ESMA, the independent EU authority that contributes to safeguarding the stability of the European Union's financial system, ... See all stories on this topic » |  AFP |
Europe's High-Yield Investment Opportunities
CNBC.com
With the euro zone region still grappling with the sovereign debt crisis enveloping the periphery, European companies are in a treacherous economic environment and inflation and rising interest rates remain an issue for this asset class. ...
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| A Farewell to the Aegean ISN By Iannis Carras for openDemocracy Much of the debate around the economic, political and societal crisis gripping Greece has overlooked the role of the European Union in fueling the crisis. Quite apart from the distortionary effects on the ... See all stories on this topic » |  ISN |
Spain - Press conference by the President of the Government following the ...
ISRIA (registration)
The reflection is clear: in a crisis situation, and there is a situation of crisis being experienced by many Eurozone countries, some in a situation of extreme crisis such as Ireland, Portugal and Greece, which have been forced to resort to external ...
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Hungary EU Presidency - Martonyi: Presidency had to face extraordinary challenges
ISRIA (registration)
Among the number of extraordinary challenges, Mr Martonyi mentioned the public debt crisis, the weakening euro zone, the nuclear disaster in Fukushima and the Arab spring. The Minister for Foreign Affairs reminded the journalists that “the Hungarian ...
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Risk Sentiment Improving as Economic Data Releases Take Center Stage
Forexyard
... has been the most hurt versus the euro with the EUR/CHF coming off of its all-time low by a whopping 4%. More gains could be in store for the pair should the “risk-on” environment continue combined with a quiet front in the European debt crisis. ...
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BNZ Daily Markets Wrap
guide2.co.nz
For now we around the Greek debt crisis have eased. Expect ongoing expect dips in the cross to be shallow. The NZD was headlines from EU political leaders as the second bailout slightly lower against the GBP and EUR at 0.5150 and for Greece is ...
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Stocks jump on upbeat data
Sydney Morning Herald
But overall, the S&P 500 fell 1.8 per cent in June, spurring the first quarterly loss in a year, on concern about Europe's debt crisis and weaker-than-expected economic data. The index was still up 5 per cent in 2011 through yesterday as government ...
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| Beetle juice Fundweb It has been pointed out that Germany is benefiting from the eurozone crisis given that it has helped depress the exchange rate of the euro. Enhanced German competitiveness can be seen in relation to Japan, with the latter estimated to have lost 30% ... See all stories on this topic » |  Fundweb |
| Systemic flaws of the Euro are the root of the debt crisis ... By Protesilaos Stavrou ... point erupt with unpleasant consequences for the EU architecture. For as long as the systemic flaws of the single currency are not touched upon, there will be no viable solution to the eurozone's debt crisis. Licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License. ... MONTHLY NEWSLETTER. Offer your email address to subscribe to my monthly newsletter containing only the most important information published within the past month. ... Protesilaos Stavrou |
| Key upcoming dates in the Greek debt crisis — EUbusiness - legal ... Key upcoming dates in the Greek debt crisis and negotiations to resolve it: ... EU Law, Agriculture, Airlines, Chemicals, Company News, Competition ... The eurozone's share totals 8.7 billion, while the IMF will release its part, ... www.eubusiness.com/news-eu/eurozone-finance.b2m |
| PIIGS battle debt crisis under global scrutiny - Business ... Despite a relatively low debt level compared to its Euro-zone neighbours, ... the close linkages between Europe's major banks mean that a crisis in any one Euro ... reacting daily to news about Greece's progress toward a second bailout. ... www.jamaicaobserver.com/.../PIIGS-battle-debt-crisis-under-g... |
SPACE, Astronomy News, Jul 04, 2011
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| A Vast Nebula Surrounds the Red Supergiant Betelgeuse AccuWeather.com (blog) ... and expels material into space at a tremendous rate. An image of Betelgeuse from the Hubble Telescope. If this star was located where our Sun is, it would extend past Jupiter. Please join the AccuWeather.com Astronomy fanpage by clicking here. ... See all stories on this topic » | ||
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| Silence is golden in Australia's bid for super telescope Sydney Morning Herald ... environment in regions of Western Australia,'' said the academy's national committee for astronomy chairwoman, Elaine Sadler. Radio signals from human activity can drown radio-wave signals from space, making them hard for scientists to detect. ... See all stories on this topic » | ||
| NASA'S Spitzer Finds Distant Galaxies Grazed On Gas IEWY News Galaxies once thought of as voracious tigers are more like grazing cows, according to a new study using NASA's Spitzer Space Telescope. Astronomers have discovered that galaxies in the distant universe continuously ingested their star-making fuel over ... See all stories on this topic » | ||
| NASA's shuttle era comes to an end ScrippsNews Among the bigger feats were six missions to launch, then repair and service the Hubble Space Telescope, one of most prolific astronomy tools in history; 37 missions to the space station, all vital to building and keeping the space outpost staffed ... See all stories on this topic » |
| Million-dollar boost for Aussie telescope : Space and Astronomy ... By Jonathan Nally Space and Astronomy news daily. ... “The proposed refurbishment will address these issues and will ensure that the 2.3 metre telescope functions well as a remotely controlled observing facility for all Australian astronomers.” ... Space and Astronomy news daily... |
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