 Spanish Minister Urges EU Aid for Banks First PleaBusinessWeek By Emma Ross-Thomas and Charles Penty on June 05, 2012 Spain called for outside funds for the first time to battle the financial crisis as Budget Minister Cristobal Montoro said European institutions should help shore up the nation's lenders. See all stories on this topic » |
| G-7 Leaders Pledge to Cooperate in Tackling Spain, Greece BusinessWeek By Ben Sills and Mayumi Otsuma on June 05, 2012 Finance ministers and central bank governors from the world's leading economies agreed to coordinate their response to Europe's financial crisis on a conference call that dealt with Spain and Greece. See all stories on this topic » |
| Spanish Minister Urges EU Aid for Banks in First Plea for Funds BusinessWeek By Emma Ross-Thomas on June 05, 2012 Spain called for outside funds for the first time to battle its financial crisis as Budget Minister Cristobal Montoro said European “institutions” should help shore up the nation's lenders. Spanish banks don't need ... See all stories on this topic » |
| Chile Peso Rises on Speculation Central Banks Will Spur Growth BusinessWeek By Sebastian Boyd on June 05, 2012 Chile's peso advanced for a second day on speculation central banks will act to stem declines in global assets and restore economic confidence. The peso appreciated 0.6 percent to 512.32 per US dollar after touching a ... See all stories on this topic » |
| EU Seeks Lender Levy, Debt Losses as Step to Banking Union BusinessWeek By Jim Brunsden on June 05, 2012 Failing banks' senior unsecured creditors may be forced to take losses and lenders may be made to pay levies under European Union proposals to deal with crisis-hit banks that will be published tomorrow. See all stories on this topic » |
| Germany Opens to Banking Coordination in Drive for Fiscal Union BusinessWeek By Rainer Buergin and Tony Czuczka on June 05, 2012 Germany is open to closer European coordination to resolve the euro area's banking troubles as the government backs moves to deepen political and economic union,Finance Minister Wolfgang Schaeuble ... See all stories on this topic » |
| Loans See First 2012 Loss as Citigroup Pares: Credit Markets BusinessWeek By Christine Idzelis and Krista Giovacco on June 05, 2012 Leveraged loans are generating their biggest losses of the year as investors pull back from even the safest debt in a company's capital structure on concern that Europe's financial crisis will ... See all stories on this topic » |
| German Bunds Advance as Spanish Minister Urges EU Aid for Banks BusinessWeek By David Goodman and Keith Jenkins on June 05, 2012 German bunds rose, pushing 10-year yields to within five basis points of a record low, as Spanish Budget Minister Cristobal Montoro called for European funds to be used to shore up the nation's ... See all stories on this topic » |
| Ukrainian Stocks Fall to Three-Year Low on Europe's Debt Crisis BusinessWeek By Ksenia Galouchko on June 05, 2012 Ukrainian stocks fell to the lowest in almost three years as Europe's sovereign-debt crisis worsens and global growth slows. The benchmark Ukrainian Equities Index (UX) fell 3.6 percent to 942.77, ... See all stories on this topic » |
| Euro Manufacturing, Services Shrink as Crisis Deepens: Economy BusinessWeek By Jeff Black on June 05, 2012 Euro-area services and manufacturing output contracted at the fastest pace in almost three years in May, adding to signs the economy is suffering under the worsening sovereign-debt crisis. A composite index based on a ... See all stories on this topic » |
| ECB holds off to force politicians' hand in crisis The Olympian By DAVID McHUGH | AP Business Writer • Published June 05, 2012FRANKFURT, Germany – Europe is facing a make-or-break month. Its economy is sinking and the debt crisis that has hit some of its members threatens global economic disaster. See all stories on this topic » |
| BluePhoenix Solutions Reports First Quarter 2012 Results MarketWatch (press release) HERZLIYA, Israel, Jun 05, 2012 (BUSINESS WIRE) -- BluePhoenix Solutions (NASDAQ:BPHX) , the leader in value-driven legacy modernization, today announced financial results for the first quarter of 2012. Revenues for the first quarter of 2012 were $6.8 ... See all stories on this topic » |
| Euro Weakens as Montoro Calls for Aid for Spain BusinessWeek By Keith Jenkins and Monami Yui on June 05, 2012 The euro declined from a one-week high against the dollar as Spanish Budget Minister Cristobal Montoro called for European Union funds to be used to shore up the nation'sbanks. See all stories on this topic » |
| Bank of Canada Says Rates May Still Rise BusinessWeek (blog) By Greg Quinn on June 05, 2012 The Bank of Canada kept its main interest rate unchanged for a 14th time today and said it may raise interest rates with the domestic economic recovery proceeding as forecast, even as global risks have increased. See all stories on this topic » |
| German Stocks Drop to a Five-Month Low; EON Tumbles BusinessWeek By Jonathan Morgan on June 05, 2012 German stocks declined for a fifth day, pushing the benchmark DAX Index (DAX) to a five-month low, as a report showed euro-area services and manufacturing contracted in May at the fastest pace in almost three years. See all stories on this topic » |
| New Study from NYU Stern Reveals That Private Firms Feel More Threatened by ... MarketWatch (press release) NEW YORK, Jun 05, 2012 (BUSINESS WIRE) -- Private firms are disproportionately threatened by competition from government-owned firms -- more than by competition from other private firms -- and will take steps to deter public firms from entering the ... See all stories on this topic » |
| GM Pension Shift Misses Investment-Grade Mark: Corporate Finance BusinessWeek By Matthew Leising and Tim Higgins on June 05, 2012 General Motors Co. (GM) (GM)'s record $26 billion pension (GM) termination falls short of improving the largest US automaker's finances enough to let it join Ford Motor Co. See all stories on this topic » |
| Bank of Ireland Said to Pick Ex-Lloyds Director Kane as Chairman BusinessWeek By Joe Brennan on June 05, 2012 Bank of Ireland Plc, the nation's largest bank, plans to appoint Archie Kane, former insurance director at LloydsBanking Group Plc, as its next chairman, according to people with knowledge of the matter. See all stories on this topic » |
| China's Stocks Decline to Two-Month Low on Economic Concerns BusinessWeek By Weiyi Lim on June 05, 2012 China's stocks fell, dragging the benchmark index down to the lowest level in two months, as materials producers slumped before data this week that will show the economic slowdown is accelerating. Yunnan Aluminium Co. and ... See all stories on this topic » |
| Oil prices rise a second day as European crisis simmers; US services sector... CanadianBusiness.com ... June 05, 2012 Pumpjacks at work pumping crude oil near Stettler, Alta., June 20, 2007. THE CANADIAN PRESS/Larry MacDougal Oil prices rose for a second straight day Tuesday as European leaders tried to find a way to clean up their financial mess. See all stories on this topic » |
| Oil prices little changed as Europe crisis simmers; US service sector shows... CanadianBusiness.com By Sandy Shore, AP | June 05, 2012 The price of oil was little changed as the market waits for Europe's next move to try to clean up its financial mess. Benchmark oil was up 2 cents at $84 per barrel Tuesday in New York. Brent crude, which is used to ... See all stories on this topic » |
| Rand Declines as Euro Weakens, Commodities Fall Ahead of G7 Call BusinessWeek By Robert Brand and Stephen Gunnion on June 05, 2012 The rand declined, reversing an earlier gain, as the dollar strengthened against the euro ahead of a meeting of global policy makers on Europe's debt crisis, weakening the prices for commodities. See all stories on this topic » |
| Euro falls as world finance leaders discuss Europe The Olympian AP • Published June 05, 2012 NEW YORK – The euro fell against the dollar Tuesday as leaders from the world's seven wealthiest nations discussed solutions to Europe's ongoing debt crisis. The euro fell to $1.2446 in late trading Tuesday from $1.2494 ... See all stories on this topic » |
| Central Balkan Countries Must Lower Debt Load: World Bank BusinessWeek By Boris Cerni and Misha Savic on June 05, 2012 Central Balkan governments must consolidate their public finances and reduce debt to avoid funding problems as their economies slow, the World Bank (NKWGRAU) said. The economies of Serbia, Albania, ... See all stories on this topic » |
| Indonesia May Announce More Currency Measures, Setiadi Says BusinessWeek By Shamim Adam and Novrida Manurung on June 05, 2012 Bank Indonesia may unveil further measures to ease volatility in the rupiah and may announce next week new rules on bank ownership, a central bank official said. “In the region, we still suffer from ... See all stories on this topic » |
| Service Industry Index in US Probably Held at Four-Month Low BusinessWeek By Shobhana Chandra on June 05, 2012 Service industries probably grew in May at the same pace as the prior month, a sign the US is failing to gain momentum as employment slows and the European crisis intensifies, economists said before a report today. See all stories on this topic » |
| G-7 finance officials review European developments The Olympian By MARTIN CRUTSINGER | AP Economics Writer • Published June 05, 2012WASHINGTON – The US Treasury Department says finance ministers and central bank presidents of the world's seven wealthiest countries have held an emergency conference call Tuesday to ... See all stories on this topic » |
| Emerging-Market Stocks Surge From Six-Month Low on Stimulus Bets BusinessWeek By Christine Harvey and Berni Moestafa on June 05, 2012 Emerging-market stocks rose from a six-month low, with South Korea and Taiwan leading the gains, on speculation global policy makers will take steps to bolster economicgrowth. See all stories on this topic » |
| Pre-Market Primer: G7 Holds Emergency Conference on Spain Minyanville.com By Vincent Trivett Jun 05, 2012 9:00 am Finance chiefs are fearing a bank run in Spain. The pressure on Germany to ditch the austerity gospel is coming from all sides. MINYANVILLE ORIGINAL Finance heads for the Group of 7 industrialized nations held an ... See all stories on this topic » |
| Spain Bankers Backing EU Aid Highlight Doubts BusinessWeek By Charles Penty on June 05, 2012 Spain should seek European money to rescue its failed lenders, said Banco Santander SA Chairman Emilio Botin, joining a growing number of bankers who question whether the government can manage the task on its own. See all stories on this topic » |
| Rupiah Declines After Overseas Investors Add to Net Stock Sales BusinessWeek By Liau Y-Sing on June 05, 2012 Funds based abroad sold $25 million more of the nation's equities than they bought yesterday, taking net sales this month to $98 million. Finance ministers and central bank governors from the Group of Seven countries ... See all stories on this topic » |
| White House sees 'heightened urgency' in Europe By The Associated Press... Laramie Boomerang The White House says it sees a "heightened sense of urgency" among European leaders as they confront fiscal and banking crises that threaten the US economy and President Barack Obama's re-election. White House spokesman Jay Carney said Tuesday that ... See all stories on this topic » |
| Standard Chartered Sees More Mideast Yuan Debt, Shankar Says BusinessWeek By Alaa Shahine on June 05, 2012 Standard Chartered Plc (STAN), the UK's second-biggest bank by market value, expects more companies in the Middle East to raise funds in yuan, a senior executive said. “Is the trajectory of this going north over the ... See all stories on this topic » |
| Merkel open to idea of European banking union - Home » Other ... German Chancellor Angela Merkel has said she is open to establishing a European banking authority as a long-term solution to the continent's financial crisis. Her support as ... Tue Jun 05, 2012 12:38 PM | Forex: $1: 43.475 | Text size » ... philstar.com - Breaking News |
| Crisis Economic Conditions | Economy In Crisis By Stephen Lendman Crisis Economic Conditions. June 05, 2012 Stephen Lendman No comments. UnsustainableEconomy ... Greek and Spanish banks face panic withdrawals.... A front page Wall Street Journal article headlined “Asia Strains under EuroCrisis. Economy In Crisis |
| Sri Lanka Guardian: Collapse At Hand By Sri Lanka Guardian ( June 05, 2012, Washington DC, Sri Lanka Guardian) Ever since the beginning of the financial crisis and quantitative easing, the question has been before us: How can the Federal Reserve maintain zero interest rates forbanks and negative ... Sri Lanka Guardian |
| Merkel would support banking authority - Business - The Olympian ... German Chancellor Angela Merkel said Monday that she was open to establishing a European banking authority as a long-term solution to the continent's financial crisis. Her support as ... Published June 05, 2012Modified June 04, 2012 ... The Olympian Online -- Business |
| SteveLendmanBlog: Crisis Economic Conditions By Steve Lendman Privatized Banking, Government Collusion and Class War. By Stephen Lendman. This book provides a powerful tool ... Tuesday, June 05, 2012.Crisis Economic Conditions. Crisis Economic Conditions. by Stephen Lendman. Global economic data signal trouble. Headlines reflect worsening conditions. The Financial Times said America's dismal jobs report and worldeconomic weakness raise "fears of a sharp global slowdown" or worse. According to the London Guardian, Britain and ... SteveLendmanBlog |
| Forex - EUR/USD up on talk of European banking union By Forexpros By Forexpros Forexpros - The euro rose against the dollar on Tuesday as hopes the eurozone will weather the debt crisis were revived when a European Central Banker expressed support for a banking union to cushion the continent'sfinancial system. In Asian trading on Tuesday, EUR/USD was trading up 0.02% at 1.2500, up from a session low of ... Mustamar Tamar Jun 05, 201202:09AM GMT. We hope the crisis in Europe will end soon, thank you so much. Reply. Write your thoughts here. Post ... Forex Pros RSS News Feed | Forex News |
| Merkel open to idea of European banking union - Home » Other ... Tue Jun 05, 2012 09:02 AM | Forex: $1: 43.475 | Text size » ... a Europeanbanking authority as a long-term solution to the continent's financial crisis. Her support ... www.philstar.com/article.aspx?articleid=814248...200 |
| G-7 Leaders Discuss Fiscal Union in Europe - adr.com | Markets ... 10:55 AM ET on Tuesday, June 05, 2012 ... industrialized nations Tuesday discussed Europe's financial crisis and potential responses, ... European leaders are trying to rebuild confidence in Europe's battered banking sector, though some in ... https://www.adr.com/Markets/GlobalNewsStory?docID=1... |
| Financial crisis looms, as Zimbabwe banks face closure [501812946 ... Two Zimbabwean commercial banks are reportedly facing closure amid fears of ... Tue,05Jun2012 ... Financial crisis looms, as Zimbabwe banks face closure ... www.theafricareport.com/.../financial-crisis-looms-as-zimbabw... |
| Spain raises red flag as G7 holds emergency meeting - The Globe ... Last updated Tuesday, Jun. 05 2012, 6:23 AM EDT ... borrowing, saying that at current rates, financial markets were effectively shut to Spain. ... amid worries about Spain's banking crisis and fears that a June 17 Greek election could lead to ... m.theglobeandmail.com/report-on.../article4231216/ |
| No place for political stunts in tackling economic crisis 11:37PM Tuesday Jun 05, 2012; 1522 online now; See today's paper ... No place for political stunts in tackling economic crisis .... The problem in Europe is that the banks and some governments need to take money out of the economy to pay ... www.smh.com.au/.../no-place-for-political-stunts-in-tackling-e... |
| Banks must pass on rate cut: ACCI - ninemsn News Banks must pass on rate cut: ACCI. 16:28 AEDT Tue Jun 5 2012 ... since November 2009 when the nation was still being battered by the globalfinancial crisis. news.ninemsn.com.au/article.aspx?id=8478990 |
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