Archive for the ‘News’ Category
Wall St slides on Greek referendum call
NEW YORK (Reuters) – Stocks tumbled more than 2 percent on Tuesday after a proposed Greek referendum threatened to upend a European bailout plan to contain the sovereign debt crisis.
Wall St down as MF Global falls victim to Europe
NEW YORK (Reuters) – Wall Street closed its best month in 20 years on a down note on Monday as the failure of trading firm MF Global Holdings Ltd and new worries about Europe’s debt crisis hammered financial shares.
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Wall Street loses ground on fading euro zone optimism
NEW YORK (Reuters) – Stocks fell more than 1 percent on Monday as enthusiasm over the agreement to tackle the euro zone debt crisis waned and a spike in the U.S. dollar hurt commodity-related shares.
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Japan intervenes to tame soaring yen ahead of G20
TOKYO (Reuters) – Japan intervened to weaken the yen after the currency hit a record high against the dollar on Monday, saying it acted to counter speculative moves that did not reflect the health of the Japanese economy.
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Commentary says China not a "savior" for Europe
BEIJING (Reuters) – Europe should not expect China to ride to the rescue as its “savior” from the debt crisis, though Beijing will do what it can to help a friend in need, state-run news agency Xinhua said in a commentary on Sunday.
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Portugal, Spain urge G20 members to help ease crisis
ASUNCION (Reuters) – Spain and Portugal said on Saturday the euro zone’s debt crisis is a global problem, calling on the United States and other G20 powers to help contain the fallout.
Have you heard? Buy the dip
NEW YORK (Reuters) – With the S&P 500 about to end its best month in almost 40 years, many would be happy to cash in gains and start packing for the ski slopes.
Wall Street Week Ahead: Have you heard? Buy the dip
NEW YORK (Reuters) – With the S&P 500 about to end its best month in almost 40 years, many would be happy to cash in gains and start packing for the ski slopes.
Egypt’s Unfinished Revolution
How one group of entrepreneurs is trying to get its business off the ground—and why the Arab Spring depends on it
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Wall Street dips after rally, HP shares jump
NEW YORK (Reuters) – Stocks edged lower on Friday as investors paused following a powerful rally that propelled the S&P 500 index almost 20 percent since briefly dipping into bear market territory earlier this month.