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Bill Jamieson: Who wants to have any seat on the euro Titanic?
Published Date: 19 July 2011 OF THE many doom-laden
Gold Rises For 11th Day In Row, But Oil Slips 1%
Oil fell more than 1% on Monday after fears of a sovereign debt default on either side of the Atlantic drove most commodities lower, while gold hit record highs as investors hunted for safe havens. Crude oil closed just below $96 per barrel in New York a
Oil loses about 2 percent on stronger dollar
NEW YORK (AP) — Growing concern about the U.S. and European economies weighed on oil Monday as prices fell nearly 2 percent. Benchmark West Texas Intermediate crude for August delivery gave up $1.31 to settle at $95.93 per barrel on the New York Mercant
Canada’s economy not an island
Michael Lewis Business Reporter Debt woes in Europe and a lurking fiscal crisis in the United States may be keeping a lid on interest rates, but they are also the key threats to sustained recovery in Canada, economists said Monday. “If you look at the fa
Dollar gains against euro amid debt fears
NEW YORK – The dollar gained against the euro on Monday as investors fretted about Europe’s debt crisis and stampeded into safe havens like gold, which hit a new record of more than $1,600 an ounce. The dollar was trading at $1.4117 to the euro in New Yo
The Central Europe and Russia Fund, Inc. Announces Repurchase Authorization Extension
NEW YORK–(BUSINESS WIRE)–The Central Europe and Russia Fund, Inc. (NYSE: CEE) (the “Fund”) announced today that its Board of Directors has authorized an extension of the current repurchase program permitting the Fund to repurchase up to 700,000 s
Greece steps up 50 bn euro state selloff effort
Greece is seeking a new set of advisors to help sell ports, railways and airports in a bid to implement its ambitious 50 billion euro (USD 71 bln) privatisation programme before deadlines under its EU/IMF bailout. While the Athens government has yet to m
Imminent Wedge Breakout Offers GBP/CAD Short Scalp
The GBP/CAD pair presents traders with short scalp opportunities ahead of tomorrow’s Bank of Canada interest rate decision and the Bank of England minutes on Wednesday. Our bias calls for a downside break of the wedge formation that has held the pair sin
Gold Prices Top Record $1,600
…by concerns over mounting debt in the United States and Europe. Gold futures for August delivery settled at a new high of $1,602.40 per ounce. Earlier in the session, gold touched a fresh intraday high of $1,607.90 per ounce.
Banks send Wall St lower on US, Europe debt fears
…more than 1 percent on Monday as concerns the United States and Europe were not coming to grips with their debt problems battered bank shares. U.S. lawmakers scrambled to avoid a government debt default as the Treasury approached the statutory $14.3 trillion…
New oil spill reported in northwestern Montana
…weeks before the spill was discovered. An oil company says 420 to 630 gallons of crude leaked from a flow line at its field in northwestern Montana for up two weeks before the spill was discovered. The leak at the FX Energy Inc.
Euro May Slump More Before Debt Accord on Greece, Komileva Says: Tom Keene
…like there is too much indecision with European policy makers repeatedly missing their self-imposed deadlines to take decisive, fundamental action on Greece.” The 17-nation currency weakened 0.6 percent to $1.4061 against the dollar as Italian and Spanish…
MoneyGram-Canada Post Bond Stronger – Analyst Blog
…and Canada Post dates back to 2002, when Canada Post started offering core MoneyGram services at its post offices and retail locations. The renewal comes with the addition of emergency next day bill payment service. Last month, MoneyGram partnered with Al…
Why Italy and why not Japan (the US or Germany)?
…There is no real difference between the euro zone and the US or Japan except inflation and currency depreciation risk plus interest rate expectations and the ability of government to hand you another paper IOU with the exact same amount printed on it when…
Amid default fears, gold rises to $1600 per ounce
…in Europe on Monday as investors spooked by the euro zone debt crisis and the threat of a U.S. default bought into the metal as a haven from risk. Spot gold rose as high as $1,601.80 an ounce and was up 0.5 percent at $1,601.28 an ounce at 1044 GMT. Gold rose…
$A down after euro banks fail stress tests
…between 105.85 US cents and 106.55 cents. The European Banking Authority said eight banks had flunked the assessments of whether they had sufficient capital to withstand financial disaster scenarios. RBC fixed income and currency strategist Michael Turner…
US STOCKS-Banks send Wall St lower on US, Europe debt fears
…than 1 percent on Monday as concerns the United States and Europe were not coming to grips with their debt problems battered bank shares. U.S. lawmakers scrambled to avoid a government debt default as the Treasury approached the statutory $14.3 trillion limit on…
Euro Stress Tests Tell Only Half the Story
…funding markets. As a result, large parts of Europe face a credit crunch, further undermining economic growth and weakening fiscal positions.Euro-zone policymakers have been slow to appreciate the importance of bank funding in fuelling the sovereign-debt crisis….
RLPC-ProSieben to extend maturity on 3.6 bln euro debt
…on the extended portion of the 3.6 billion euro term loans, the sources said. The company will also pay a fee of 10 bps to lenders agreeing to the amendments and an additional 20 bps for lenders agreeing to roll into the newly extended loans, the sources said. …
Gold rises as Euro falls
…investors are not confident that the 17 memeber euro zone will quickly agree. The French and German plans differ with Germany insisting that private bondholders take a haircut. The ECB agreed with France that the bondholders which include the ECB and French…
