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Showing 541 - 550 of 777 results for "Greece"

Market Wrap - Morning

AAP  |  FRIDAY, 29 JUL 2011
... York on Wednesday. The dollar dropped to 77.83 yen from 77.96 yen. The decision by Standard & Poor's to further downgrade Greece's credit rating weighed on sentiment, especially on the foreign exchange market. Italy came under fire amid signs of government ...

Market Wrap - Morning

AAP  |  THURSDAY, 28 JUL 2011
... Germany's finance minister Wolfgang Schauble warned overnight that the Eurozone debt crisis was far from over and said Greece's bail-out was a one-off. The Australian dollar was boosted on Wednesday and posted a fresh post-float record after official ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 27 JUL 2011
... stayed alive with Italy and Spain paying high rates for borrowing in sovereign bond auctions despite the second rescue of Greece last week. In London, the benchmark FTSE 100 index of top shares was up by 0.08 per cent at 5,929.73 points. In Frankfurt ...

No way USA can't repay

BENJAMIN ONG  |  TUESDAY, 26 JUL 2011
... the government unilaterally decides to as they did back in 1933. And while we're still on the topic of debt, Moody's cut Greece's sovereign debt by three notches to just a step away from default. My, oh my, talk about too late the hero. I told you all ...

Market Wrap - Morning

AAP  |  MONDAY, 25 JUL 2011
... points. HONG KONG - Asian shares rose on Friday, led by banks, after eurozone leaders finally struck a bailout deal for Greece that also puts in place steps to avoid contagion in other struggling economies. Relief that the multi-billion-dollar agreement ...

Net-net, it's still good

BENJAMIN ONG  |  MONDAY, 25 JUL 2011
... announced "Eureka!" they've discovered the solution to their crisis. But each time it gets worse. You think that because Greece is saved, that's the end of it? No way Jose! Not by a long shot. Greece is going to get off by paying back only 79% of its ...

Deal or no deal

BENJAMIN ONG  |  FRIDAY, 22 JUL 2011
... deal game. Financial markets were rockin' and a rollin' when they heard the word "deal" thunder out of Brussels. The deal. Greece will receive a second bailout worth 109 billion euros from other Eurozone member countries and the IMF, with banks and private ...

Market Wrap - Midday

AAP  |  THURSDAY, 21 JUL 2011
... reporting that German Chancellor Angela Merkel has reached a last-minute compromise with France over a fresh bail-out for Greece, ahead of crucial summit in Brussels on Thursday night. "That drove the euro a lot higher this morning, with a risk-on type ...

Market Wrap - Morning

AAP  |  THURSDAY, 21 JUL 2011
... recent losses, as investors bet that Italy and Spain will beat the eurozone debt crisis trap which has already dragged down Greece, Ireland and Portugal. Banks led the rally, having suffered badly in recent weeks, with many posting gains of four to five ...

Earnings, debt ceiling and debt

BENJAMIN ONG  |  WEDNESDAY, 20 JUL 2011
... just too great..." A Greek default would be a needle prick compared with a cannon blast if America does. But speaking of Greece - and Euro contagion -positive reports are coming out of there too. Finance ministers are meeting on 21 July - the second ...