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ECB cuts rates to support flagging euro zone economy
BRATISLAVA (Reuters) – The European Central Bank cut interest rates for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.
Weak German and China PMI knock euro, Bunds gain
LONDON (Reuters) – The euro fell and German bonds rose on Tuesday after data revealed a slowdown in business activity in Germany and China in April, heightening concerns over the global growth outlook.
Asian shares fall, euro faint on euro zone worries
TOKYO (Reuters) – Asian shares fell and the euro remained under pressure on Thursday as weak euro zone data, a sluggish debt auction in Italy and fears of a potential run on Cyprus’s banks stoked investors’ concerns about instability in … Continue reading
Australian shares edge up, miners lead, Euro worries cap gains
SYDNEY, March 27 (Reuters) – Australian shares rose 0.3 percent on Wednesday led by blue chip miners on strong resource prices and after the Dow Jones Industrial Average posted a record high buoyed…
GLOBAL MARKETS-Asian shares, euro spooked by Cyprus bailout details
* MSCI Asia ex-Japan down 0.1 pct, Southeast Asia outperforms
Posted in Info
Tagged bailout, Cyprus, details, euro, global, MARKETSAsian, shares, spooked
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Recap: Could Cyprus trigger the next euro crisis?
Freddie Mac has sued 15 big banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant. The suit names the banks that set the … Continue reading
GLOBAL MARKETS-Asian shares, euro on defensive on growth, Cyprus worries
* MSCI Asia ex-Japan pressured by weak euro zone data, Cyprus
Posted in Info
Tagged Cyprus, Defensive, euro, global, growth, MARKETSAsian, shares, worries
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EU gives Cyprus bailout ultimatum, risks euro exit
NICOSIA (Reuters) – The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro currency … Continue reading
Cyprus jitters keep euro, Asian stocks subdued
SYDNEY (Reuters) – Asian shares and the euro struggled on Wednesday after a bailout plan for Cyprus fell into disarray, but losses were limited on investors’ hopes that a last minute deal was still within reach.