Category Archives: Europe
Stage set for Hollande-Merkel showdown at EU summit
(Reuters) – European leaders will try to breathe life into their stricken economies at a summit over dinner on Wednesday, but disagreement over a plan for mutual bond issuance and other measures to alleviate two … continue…
Comments Off on Stage set for Hollande-Merkel showdown at EU summit
Morgan Stanley cut Facebook estimates just before IPO
(Reuters) – In the run-up to Facebook’s $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank’s consumer Internet analyst, Scott Devitt, was reducing … continue…
Comments Off on Morgan Stanley cut Facebook estimates just before IPO
The landmine that could explode BP’s $7.8 billion deal
(Reuters) – BP Plc (BP.L) appears to be well on its way to concluding an estimated $7.8 billion settlement to resolve most of its civil liability from the Gulf of Mexico oil spill. But a … continue…
Comments Off on The landmine that could explode BP’s $7.8 billion deal
China eschews fiscal fanfare for supportive spending
(Reuters) – China’s focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of … continue…
G8 growth talk leaves wary markets awaiting action
(Reuters) – A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. … continue…
Comments Off on G8 growth talk leaves wary markets awaiting action
China’s Wen urges more support for
(Reuters) – China’s premier called for additional efforts to support growth on Sunday, signaling Beijing’s willingness to take action after a recent series of economic indicators suggested that the world’s second-biggest economy will slow further … continue…
Comments Off on China’s Wen urges more support for
Historic Facebook debut falls flat
(Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering … continue…
EU, ECB working on Greece exit contingency
(Reuters) – The European Commission and the European Central Bank are working on an emergency scenario in case Greece has to leave the euro zone, EU trade commissioner Karel De Gucht said in an interview … continue…
Comments Off on EU, ECB working on Greece exit contingency
Investors brace for Facebook debut on Wall Street
(Reuters) – Investors are bracing for Facebook’s Wall Street debut on Friday after the world’s No.1 online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history. Valued … continue…
Comments Off on Investors brace for Facebook debut on Wall Street
Exclusive: ECB stops operations with some Greek banks
(Reuters) – The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming news earlier reported exclusively by Reuters. The news … continue…
Comments Off on Exclusive: ECB stops operations with some Greek banks
