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May 17, 2012

GREECE News, May 17, 2012

Europe Stocks Drop as ECB Pauses Greek Loans
BusinessWeek
By Tom Stoukas on May 17, 2012 European stocks dropped for a fourth day after the region's central bank paused lending to some Greek banks and the Federal Reserve signaled the American economy may need further stimulus. US index futures and Asian ...
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Weber Says Greece Should Stay Euro Member While Fixing Problems
BusinessWeek
By Jana Randow on May 17, 2012 UBS AG (UBSN) Chairman and former European Central Bank Governing Council member Axel Weber said Greeceshould solve its fiscal problems within the borders of the euro region. “If I look at the euro, it's a one-way system ...
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Russia Stocks Fall on Concern Greek Financial Crisis Worsening
BusinessWeek
By Ksenia Galouchko on May 17, 2012 Russian stocks headed for the lowest since October amid concern that Greece's financial crisis is worsening as the region's central bank paused lending to some of the country's banks. OAO Sberbank, Russia's biggest ...
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Asian Stocks, Oil Gain on Fed Easing Signal; Europe Shares Fall
BusinessWeek
By Sungwoo Park and Kana Nishizawa on May 17, 2012 Asian stocks rose after Federal Reserve policy makers said more monetary easing may be needed and economic growth in Japan exceeded estimates. Oil rebounded from a six-month low, while European shares ...
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German Bund Yield Approaches Record Low as Spain Auctions Debt
BusinessWeek
By Lukanyo Mnyanda and Keith Jenkins on May 17, 2012 German 10-year bond yields were three basis points from an all-time low before Spain sells notes, a day after the Iberian nation's prime minister said the country risked losing access to funding.
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Zeti: Greek Euro Exit Risks Asia Crisis-Style Rout
BusinessWeek
By Haslinda Amin and Elffie Chew on May 17, 2012 A Greek exit from the euro could cause contagion comparable to the Asian financial crisis, according to Malaysia's central bank Governor Zeti Akhtar Aziz, who had first-hand experience of that turmoil.
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China May Surpass India as Biggest Gold Market, WGC Says
BusinessWeek
By Chanyaporn Chanjaroen and Madelene Pearson on May 17, 2012 Gold demand in China may surge as much as 30 percent this year as rising incomes boost consumption, helping the country topple India as the world's largest bullion market on an annual basis, ...
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Rato Says Europe Is Not Prepared for Consequences of Greek Exit
BusinessWeek
By Jana Randow on May 17, 2012 Rodrigo Rato, the former International Monetary Fund managing director who resigned as executive chairman of Bankia SA (BKIA) last week, said Europe is not prepared to stem the consequences of Greece exiting the single ...
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How to Trade Forex as Euro Reaches Four-Month Low
MarketWatch (press release)
LONDON, May 17, 2012 /PRNewswire via COMTEX/ -- How are you planning to trade forex as the euro reaches its four-month low following the ongoing political instability in Greece? Through forex trading provider City Index, we look at the recent news out ...
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'Dire Consequences' If Greece Exits Euro
KQED
by John Ydstie | May 17, 2012 — 12:33 AM Euros are being drained out ofGreek banks at the rate of up to $1 billion a day this week. In the wake of the country's election turmoil, depositors are nervous about the heightened possibility of a Greek exit ...
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China Slowdown to End in Third Quarter, Survey Shows
BusinessWeek
By Bloomberg News on May 17, 2012 China's economic growth is likely to accelerate for the first time in seven quarters after banks' reserve requirements were cut, buoying global expansion threatened by Greece's possible exit from the euro.
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Treasuries Fall Before TIPS Sale, Auction Announcements
BusinessWeek
By Wes Goodman on May 17, 2012 Treasuries fell on concern record-low yields will curb demand when investors bid at a sale of 10-year inflation-protected notes today and three auctions of coupon- bearing debt next week. The Treasury Inflation Protected ...
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Euro Strains Overshadow Obama Hosting G-8, NATO Meetings
BusinessWeek
By Margaret Talev and Roxana Tiron on May 17, 2012 Europe's financial crisis and its political fallout are shaping back-to-back international summits hosted by President Barack Obama on the global economy and military cooperation, including funding for ...
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Asian Stocks Rise on Japan Growth, Fed Stimulus Optimism
BusinessWeek
By Kana Nishizawa on May 17, 2012 Asian stocks rose, with the regional gauge poised to end a six-day losing streak, as faster-than- estimated economic growth in Japan and optimism the Federal Reserve will do more to stimulate the US economy outweighed ...
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Spain's Economy Contracts on Spending Slump, Exports
BusinessWeek
By Angeline Benoit on May 17, 2012 Spain's economy shrank in the first three months of 2012 as exports slowed and household spending fell amid the harshest austerity measures in more than three decades aimed at taming the euro area's third-largest ...
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Greece's 'minefield' election set for June 17
The Daily Star
The election “will test the patience of Greece's partners on whether the country will stay in the eurozone,” financial daily Naftemoporiki said. A version of this article appeared in the print edition of The Daily Star on May 17, 2012, on page 10.
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The Daily Star
Eurozone crisis live: Cameron to warn of huge risk from euro breakup
The Guardian
9.49am: More developments in Greece - Antonis Samaras, the conservative New Democracy party leader, has addressed his parliamentary group this morning saying "we are the front of resistance against catastrophe." From Helena Smith in Athens: 9.30am: ...
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The Guardian
Euro Within a Cent of Four-Month Low Before Spanish Sales
BusinessWeek
By Emma Charlton and Mariko Ishikawa on May 17, 2012 The euro was within one cent of a four-month low as Spain prepared to sell debt amid concern that contagion from Greece is spreading and pushing up borrowing costs across the region.
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Aviva plc Interim Management Statement for the three months to 31 March 2012
MarketWatch (press release)
LONDON, May 17, 2012 (BUSINESS WIRE) -- Aviva plc (NYSE:AV) todayannounced its Q1 2012 Interim Management Statement. In a challenging economic environment, operating profit for the quarter is marginally down compared to the same period last year due ...
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Japan GDP Grows More-Than-Estimated 4.1%
BusinessWeek
By Keiko Ujikane and Shamim Adam on May 17, 2012 Japan's economy expanded faster than estimated in the first quarter, boosted by reconstruction spending that's poised to fade just as a worsening in Europe's crisis threatens to curtail export demand.
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Judge to lead Greece to fateful June 17 election
Regina Leader-Post
By Harry Papachristou And Lefteris Papadimas, Reuters May 17, 2012 2:02 AMGreece's newly appointed caretaker Prime Minister Panagiotis Pikrammenos, right, is welcomed by outgoing Prime Minister Lucas Papademos in Athens,Greece, on Wednesday.
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The Hayek Effect: The Political Consequences of Planned Austerity
The American
By Lee Harris Thursday, May 17, 2012 Why the political revolt in Greece may not be a fluke, but a harbinger of more revolts to come. In 2010, Merriam-Webster's Dictionary named “austerity” as its “Word of the Year,” noting that it had been the subject ...
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Caretaker Greek cabinet to be sworn in
The Olympian
AP • Published May 17, 2012 ATHENS, Greece – Greece is swearing in the caretaker cabinet that will lead the country into repeat elections next month, after a deadlocked vote sparked more political turmoil and brought the country's euro membership into ...
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Buy Asian Equities If Signs of Progress in Europe, Says Resona
BusinessWeek
By Kana Nishizawa on May 17, 2012 Koji Toda, chief fund manager at Resona Bank Ltd. in Tokyo, which oversees about $68 billion, comments on Asian stocks. Asia's regional equity gauge swung between gains and losses as stronger economic growth in Japan ...
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Emerging Stocks Rebound From 4-Month Low on Fed Comment, China
BusinessWeek
By Saeromi Shin on May 17, 2012 Emerging-market stocks rose from a four-month low on speculation China will boost consumer spending to stem an economic slowdown and on optimism the Federal Reserve will do more to stimulate the US economy.
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Stock Alert Preview for Thursday, May 17, 2012 « Stock House Group
By stockhousegroup
Stock Alert Preview for Thursday, May 172012. Stock Alert Preview for ...Tomorrow's Share Structure is in good shape for a nice move… and today'sClose was below .02…. so we should see lots of traders on the Stock tomorrow with some nice positions. Let's take a look at the ... Accum/Dist - This Indicator cant go any lower, so we'll see very little resistance, and it's touching the Signal Line and about to cross, which is good news as it's another bullish signal. So get ready for our next ...
Stock House Group
Greece gets caretaker PM until next vote in June | ieyenews
By IEye News
May 172012 By IEye News Leave a Comment. Newly appointed caretaker Prime Minister Panagiotis Pikramenos. (AP) — A senior judge was sworn in Wednesday to head Greece's caretaker government for a month as the debt-crippled country lurches through a political crisis that threatens its membership in the 17-nation eurozone. .... Join Today! Receive email notifications of upcoming events. Email Address: *required. iNews will never sell your information without your permission.
ieyenews
Free to be wrong: European elections spell economic doom — RT
By RT
Go to main page News Free to be wrong: European elections spell economic doom. Follow RT on ... The hard-right Golden Dawn party, which harkens back to an idyllic age of an immigrant-free pure Greece and wants to return to it by putting minefields around the borders, received 7 per cent of the votes, up from less than one per cent. What followed .... Bashar Assad spoke with Rossiya-24 TV channel Today: 01:03 40 comments ... Noneyabiz (unregistered) May 17,2012, 12:00. 0 ...
News RSS : Today
'Vulture funds' circle as Greece fears grow
By wmw_admin
Stephen Foley & Natalie Savaricos – The Independent May 172012. An American tax exile living in the Cayman Islands has emerged as a winner from the chaos engulfing Greece, even as the political and economic turmoil in the ...
The Truthseeker
War News Updates: Governments Prepare For The Worse If Greece ...
By War News Updates Editor
More News On The Euro-Greek Crisis. Eurozone crisis live: Greek elections called for 17 June -- The Guardian Debt crisis: as it happened - May 16, 2012 -- The Telegraph It's make or break time for the euro says Cameron in chilling warning ...
War News Updates
Asia stocks rise after Greece sets election date | Washington Examiner
By The Associated Press
Asia stocks rise after Greece sets election date. May 172012 -- 1:14 AM. Comments. The Associated Press ... "So it is bargain-hunting that helps stabilize the market today." Positive news on the U.S. economy also underpinned sentiment in Asia . Construction of homes in April rose 2.6 percent from March, and U.S. factory production increased 0.6 percent in April, helped by a gain in auto production. Some Japanese stocks saw big gains amid newsthat the country's economy grew at ...
Examiner This is a gallery for...
Europe Markets: Europe stocks struggle, overshadowed by Greece
By MarketWatch
Europe Markets: Europe stocks struggle, overshadowed by Greece. ... Posted on May 172012 at 3:09 am by MarketWatch in .... FuelFix.com is your daily must-read source for news and analysis on the energy business. Anchored by business ...
Fuel Fix
Study suggests Southwest fires driven by year-to-year weather ...
By Bob Berwyn
Greek Stimulus Is an Option, Merkel Says May 172012 ... Current Events &News Blogs - Blog Rankings ... New study offers more evidence that historical fire suppression is the main contributing factor in today's big southwestern fires...
Summit County Citizens Voice
News of the Tautological
By StudentNewsDaily.com
News of the Tautological. May 172012 — Daily Best of the Web. The following is an excerpt from OpinionJournal.com's “Best of the Web” written by the editor, James Taranto. Out on a Limb. “National Mood a Drag on Obama's Re-Election ... News of the Tautological “Clowns Plan to Protest During NATO Summit”–headline, WBBM-TV website (Chicago), May 16. Breaking NewsFrom 480 B.C. “Greece on Brink of Collapse”–headline, Daily Telegraph (London), May 15. Bottom Stories ...
Student News Daily
Huge finds make East Africa the next big gas source - Stabroek News
By Stabroek staff
Stabroek News - Daily Guyana News. Thursday 17th May 2012 ... NewsArchive(1986-2007) powered by Google(TM). Search Help Archives ... the next big gas source. By Stabroek staff | 0 Comments | World News | Thursday, May 172012 ...
Stabroek News
Europe Factors to Watch-Shares set to bounce, Greece eyed
PARIS, May 17 (Reuters) - European stock index futures pointed to a slightrebound on Thursday ... Thu May 17, 2012 2:28am EDT ... Brent trades near 4-mth low on Greece, possible oil release COMPANY NEWS: HSBC Europe's biggest bank ...
www.reuters.com/.../markets-europe-factors-idUSL5E8GH0A...
VEGOILS-Palm oil recovers after sell-off; Greece jitters weigh
Palm oil rebounds after steep losses the previous session * Fears of Greekexit from euro zone weigh on sentiment * Palm oil ... Thu May 17, 20122:15am EDT ...
www.reuters.com/.../markets-vegoils-idUSL4E8GH33S20120...
JGBs slip; curve flattens as Greece worries persist
Reuters TV · Reuters News ... Thu May 17, 2012 3:12am EDT ... over how policymakers will manage Greece's debt crisis after a fresh election set for June 17.
www.reuters.com/.../markets-japan-jgb-idUSL4E8GH4YI2012...
Greek fears weigh on shares - The Irish Times - Thu, May 17, 2012
Asian shares recovered some ground today from the previous day's sell-off, but investors ... irishtimes.com - Last Updated: Thursday, May 17, 2012, 08:22... News yesterday that some Greek banks face emergency funding needs dealt a further ...
www.irishtimes.com/newspaper/breaking/2012/.../breaking8.ht...
In brief: Judge temporary Greek government head - Spokesman.com ...
Athens, Greece – A senior judge was sworn in Wednesday to head Greece's... Today in print » ... Spokane · Voices: Neighborhood news ... May 17, 2012...
www.spokesman.com/.../in-brief-judge-temporary-greek-gove...
ECB halts lending to some Greek banks - WA Today
Please enable JavaScript to use My News, My Clippings, My Comments and user ... Thursday May 17, 2012; Send your news tips/photos tonews@watoday.com. au ... Greece faces a fresh election on June 17 that may boost parties opposed to ...
www.watoday.com.au/.../ecb-halts-lending-to-some-greek-ban...
'Real News From The Blaze:' What Will Happen If Greece Leaves ...
Politics 'Real News From The Blaze:' What Will Happen If Greece Leaves the Eurozone? Posted on May 17, 2012 at 12:49am by Christopher Santarelli; Print...
www.theblaze.com/.../real-news-from-the-blaze-what-will-hap...
Caretaker Greek cabinet to be sworn in - Thursday, May 17, 2012 ...
Thursday, May 17, 2012 | 12:24 a.m.. Greece is swearing in the caretaker cabinet that will lead the country into repeat elections next month, after a deadlocked ...
www.lasvegassun.com/news/2012/may/17/eu-greece/
ECB Stops Loans to 4 Greek Banks - Arirang News
... Center Site Map. Date Thursday, May 17, 2012, (KST) zoom in zoom out ...Today's Top News Stories ... Greece Appoints Interim PM, Sets Election Date...
www.arirang.co.kr/News/News_View.asp?nseq=129978...
TODAYonline | Hot News | Greece prepares for mid-June ... - TODAY
ATHENS - A day after Greece's President warned about the possibility of bank runs, ... Today Online Logo. Thursday, May 17, 2012. Weather 31 / 24 °C.TODAY ...
www.todayonline.com/.../Greece-prepares-for-mid-June-electi...

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