Euro Zone
JGBs lifted by Europe woes, 40-yr sale pressures long end
…investors have to buy more,” said a fixed-income fund manager at a European asset management firm in Tokyo. * Longer tenors underperformed as investors made room in their portfolios ahead of the Ministry of Finance’s offering of 400 billion yen of 40-year…
Oil Falls to Five-Month Low on European Economy, U.S. Stockpiles
…at the lowest level since Feb. 2. Oil also slid on concern Europe’s recovery has stalled amid a debt crisis. The region’s economy shrank 0.2 percent in the three months to the end of March, according to the median estimate of 25 economists surveyed by Bloomberg…
Nikkei drops as Europe worries rough up exporters
…of another election and the country’s rejection of a 130-billion euro EU/IMF bailout. Talks will continue on Tuesday. “A resolution and the formation of a cabinet would make Japanese markets bounce right back up, but for the moment everything’s being sold…
Key regional markets fall on concerns Greece may leave EU
…regional markets fell on Tuesday on concerns that Greece may leave the euro union and news that Moody’s Investors Service had cut the credit ratings of 26 Italian banks. At 9.15am, the FBM KLCI fell 9.33 points to 1,565.75. Turnover was 55.04 million shares…
Asian Shares Fall on Europe Worries; Commodities Decline
…markets fell Tuesday on renewed fears that Greece could leave the euro zone, while a drop in the price of commodities pulled down miners in Australia. read full article… This article is available to Nikkei.com subscribers only. Please log in to read the…
Greece Turns Balkan, Serbia Joins Europe in Key Votes
…in The Hague. But Nikolic split away in 2008, and now says he stands for European values and joining the EU. Ivica Dacic, the leader of the Socialist Party and possible next prime minister, was former President Slobodan Milosevic’s wartime spokesman. Dacic…
Greek, European woe could cause problems for US
…people. Here’s what a Greek debt default and exit from the 17-nation eurozone might mean for people in the United States: ___ BANKS: The short-term financial consequences of Greece defaulting may be limited across the Atlantic. American banks already have…
EU Backs Aid Through Budget Support
…funding according to their own needs. This way it helps countries to finance vital and recurrent costs,” Catherine Olier told IPS. “It allows them to pay teachers and doctors over the course of several years.
EU attempts to break deadlock on bank rules
…isolated ahead of meeting of EU finance ministers BRUSSELS, May 15 (Reuters) – European Union finance ministers will try on Tuesday to break a deadlock on new capital rules aiming to cover banks’ risks, a reform intended to prevent another financial crisis…
Rendition victim takes his case to European court
…the hearing. Since 2004 there have since been several other European government investigations, but lawyers for Mr Masri, who was never charged with a crime, said their client still wanted answers to basic questions and an apology. Lawyers and human rights…
Moody’s downgrades 26 Italian banks; ratings now among the lowest in Western Europe
…and weaker profits. Moody’s noted, however, that support from the European Central Bank lowered the default risk of many of the banks. The firm lowered its long-term debt and deposit ratings by one notch each for 10 banks, by two notches for eight banks, by…
European Union: Israeli West Bank Settlements ‘Threaten To Make The Two-State Solution Impossible’
…European Union’s foreign ministers harshly denounced Israeli policies in the occupied Palestinian West Bank, writing that settlement expansion is threatening a potential two-state deal between the Israelis and the Palestinians. The statement comes as some…
EU Bank-Liquidity Bill Proceeds; U.K. May Protest
…the real economy, The main challenge is to find … BRUSSELS—The European Parliament voted through Monday its version of legislation transposing Basel III banking capital and liquidity requirements into law. “The outcome of the vote is a very strong statement…
Europe’s Financial Upheaval Hits Aerospace
…when Spain’s real estate boom of the past decade collapsed. Banks were left with piles of bad loans that have drawn scrutiny from authorities and financial markets.Last week, the government ordered all banks in Spain to raise their provisions against potential…
The European Union Is One Big Fairy Tale
…cultures, which is in itself one of the basic reasons why the euro experiment is failing. (Vincent Cignarella is a currency strategist/columnist for DJ FX Trader. His 30 years in currency markets include working as a bank dealer at major money-center commercial…
Greece Euro Exit: Free Will Or Fate, The European Way?
…has given the country billions in rescue loans. Withdrawal from the European Union is a right of each member: however, there is no way to push a state out of the EU – unless, of course, existing members put in place such actions that make the decision to exit…
European Officials Warn Greece
…way into the finance-minister meeting. “Greece can’t [simply] leave the euro zone.” “We have a contract and that means its conditions are to be met and only then will the money flow,” she said. Dutch Finance Minister Jan Kees De Jager said the contagion caused…
Ed Balls echoes call for EU referendum
…for growth and jobs in our economy,” Balls told the seminar. “The eurozone is incredibly important to us, in or out.” Balls and Mandelson are calling for a more interventionist European Central Bank, a willingness by Germany to tolerate higher inflation, and…
Merkel says "painful" vote defeat won’t affect Europe policy
…meeting will likely be dominated by clear differences on the eurozone crisis with Merkel insisting on debt reduction and the new French leader calling for spending to boost growth. The SPD has echoed calls by Hollande to place more emphasis on growth in the…
EU slams Israel over settlements, Palestinians
…or political activities.” Turning to the so-called Area C zone of the occupied West Bank, where Israel has full civil and security control, the statement noted “the worsening living conditions” of the Palestinian population in general. The ministers’ stand…
