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| | | ... Because there was no other negative news last night, financial markets latched onto another slashing by Standard & Poor's of Greece's debt rating - from B to CCC. Like I said in previous commentaries, enough with the "death by a thousand cuts." Just ... |
| | | | ... on Friday after the European Union said it was studying a possible Greek debt "rescheduling" to ward off the threat of Greece defaulting on its massive debts. Elsewhere in Europe, stocks were more mixed. Lisbon closed down 0.15 percent at 7,279.96 points. ... |
| | | | ... mostly eased and the euro ran out of steam as investors appeared unconvinced by news of another bailout for cash-strapped Greece and after sharp losses in Tokyo. London's benchmark FTSE 100 index of top shares scraped out a 0.14 per cent gain to 5,863.16 ... |
| | | | ... June share price index futures contract was 15 points lower at 4565, with 10,012 contracts traded. A positive review of Greece's public finances from the International Monetary Fund and the European Union, along with approval for the fifth instalment ... |
| | | | ... then there's Moody's. It appears to be on a roll since last month - downgrading here, warning there. Moody's downgraded Greece's debt rating from B1 to Caa1 with a negative outlook yesterday - noting that 50% of Caa1-rated government debts default within ... |
| | | | ... today that Bloomberg decided to interview and print his words because it justifies last night's price action. Similarly, Greece appears no longer seems to be Greek to most investors. Salvation is coming. Have you seen the euro? It rose to a three-week ... |
| | | | Australian wealth managers believe that the worsening European debt crisis, with Greece seemingly on the brink of default, will have no major long-term impact on the global financial recovery. Greece is estimated to have unsustainable debt of $456 billion ... |
| | | | ... that the International Monetary Fund (IMF) may not release its portion of a 12 billion-euro (US$17 billion) aid payment to Greece next month. Bloomberg explains Wall Street performance with the headline, "U.S. Stocks Rise as Higher-Than-Forecast Profits ... |
| | | | ... urope's main stock markets were mostly lower on Thursday after disappointing US economic news and continued concern over Greece, though London, the biggest, bucked the trend and made slim gains. London's FTSE 100 index of leading shares ended the day ... |
| | | | ... mode." On second thought, don't delete "because" because Fitch also thinks that the risks to German bank's exposure to Greece's debts are "manageable." As for the footsie - the FTSE-100 - well, we can use "because" or "despite," take your pick, when ... |
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