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Market Drivers - Currencies 30 May 2012 | 09:15 pm
Today's Comment The big market driver this week is still whether or rather to which extent the Spanish banks need extraordinary capital injections. Now and then new rumours surface and investors trad...
Spain to put the euro under further pressure today 30 May 2012 | 09:13 pm
Markets: −Over the weekend Spain came up with the rather unorthodox idea of recapitalizing the troubled lender Bankia by injecting EUR19bn of sovereign bonds into its parent company, which could then...
Spain Credit-Default Swaps Surge To Record On Bank Bailout Woes 30 May 2012 | 09:07 pm
The cost of insuring against default on Spanish sovereign bonds rose to a record as the nation’s debt crisis deepened amid concern over bank bailouts. Credit-default swaps linked to the nation’s debt...
Euro Approaches Two-Year Low On Spanish Banks Concern 30 May 2012 | 09:05 pm
The euro fell to the lowest in almost two years against the dollar as the nation struggled to rescue its troubled banks, fueling concern the European debt crisis is spreading to the region’s larger ec...
Greek Opinion Poll Shows Majority Want Revised Terms 30 May 2012 | 09:02 pm
Most Greeks want to see the terms of an international financial rescue revised even as they acknowledge that not abiding by austerity measures required for the funds may lead to the country leaving th...
China Has No Plan For Large Stimulus To Counter Slowdown 30 May 2012 | 08:59 pm
China has no plan to introduce stimulus measures to support growth on the scale unleashed during the depths of the global credit crisis in 2008, according to the nation’s state-run Xinhua News Agency.
Bank Of Spain Governor Ordonez Quits As Debt Crisis Deepens 30 May 2012 | 08:57 pm
Bank of Spain Governor Miguel Angel Fernandez Ordonez resigned a month early, handing to a successor the task of convincing investors that Spanish banks won’t need an international rescue.
Forex Technical Update 30 May 2012 | 08:54 pm
EURUSD: The EUR/USD is currently trading at 1.2468s levels. The Euro continues to come under pressure on account of the poor fundamentals and negative outlook on the European countries. The rating age...
Asian Stocks Drop On China Growth, Europe Crisis Concern 30 May 2012 | 08:51 pm
Asian stocks fell, with the regional benchmark index headed for its biggest monthly drop since the 2008 financial crisis, as China damped optimism for large-scale stimulus, adding to global growth con...
Oil Declines A Second Day As U.S. Supplies Seen At 22-Year High 30 May 2012 | 08:50 pm
Oil fell for a second day, heading for the biggest monthly drop in more than three years, before a report that may show stockpiles climbed to the highest level since 1990 in the U.S., the world’s bigg...
