Latest news on ‘Global Markets’
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Under increasing pressure, Europe’s banks take center stage in continent’s debt crisis
PARIS — A slew of bad news on European banks has fueled fears about their ability to survive the debt crisis, highlighting their central role in the region’s financial mess [...]
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Wall Street Still Thinks Germany Is Bluffing
Forbes – The current bond market havoc in Mediterranean countries is only compatible with S&P at 1,250 if you believe that the European debt market is simply wrong about Italy [...]
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Greece Under Pressure To Hold Referendum As Soon As Possible
CANNES (Dow Jones)–Greece is under intense pressure to call a controversial referendum on its bailout package as soon as possible and possible dates include Dec. 4 and Dec. 11, senior [...]
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Markets reveal limits to Fed’s $400bn ‘twist’
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Asia Stocks Climb for Third Day as Bernanke Says U.S. Economy Recovering
Bloomberg – Asian stocks advanced for a third day after Federal Reserve Chairman Ben S. Bernanke said the U.S. economic recovery will accelerate and the central bank has more means [...]
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Economists: Fed should stay put, at least for now
CNN Money – Economists aren’t looking for Federal Reserve Chairman Ben Bernanke to announce some new plan to rescue the struggling U.S. economy in a much-anticipated speech this Friday.
In fact, [...] -
U.S. debt to exceed size of economy this year
CNN – A recent Treasury report noted that national debt will exceed the size of the economy this year — a first since World War II. A year ago, the [...]
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U.S. economic recovery is faltering
Bloomberg – Companies in the U.S. added fewer workers than forecast in May, a sign that job growth is struggling to gain momentum, data from a private report based on [...]
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A look at economic developments around the globe
AP – LONDON — European authorities conceded they may need to do more to help Greece with its massive debts more than a year after it was first bailed out, [...]
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European markets reclaim some lost ground
SMH.com.au – European stock markets gained some of the ground lost a day earlier after Standard & Poor’s shocked investors with an US debt outlook downgrade some dealers saw as [...]
