U.S. Shares Slight Gains On ISM Services Index
U.S. shares tallied slight gains Tuesday, with the Dow industrials set to break a four-day losing streak, after a…
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European Central Bank
German Merkel Rejects Joint Debt Sharing
German Chancellor Angela Merkel hardened her opposition to joint debt sharing in the euro region as President…
Spain Calls For A New Fiscal Authority
Spain on Saturday proposed the set up of a new fiscal authority in the euro zone which would control and harmonize…
EU Banks Need Credible Refunding Mechanism: ECB’s Draghi
A credible mechanism is needed for recapitalizing euro zone banks and improving oversight in order to address the…
Europe Shares Sharply Lower Amid Spain Downgrade
European stock markets were sharply lower on Wednesday, as Spanish shares tumbled and bond yields surged after the…
Euro Zone Banks In Need For A Robust Shield
As the euro zone ponders a possible Greek exit, policymakers have not yet built a shield robust enough to prevent a…
Top Greek Banks Received €18 Bln Support
Greece handed 18 billion euros (14.39 billion pounds) to its four biggest banks on Monday, the finance ministry…
Spain’s Bankia May Be Recapitalized By Govt. Bonds
Spain may recapitalize Bankia (BKIA.MC) with Spanish government bonds in return for shares in the bank which last…
Italy’s Monti Suggests Bank Guarantee Plan
Italian Prime Minister Mario Monti took a plan to create a European system to guarantee bank deposits to the G8…
ECB Stops Loans To Some Greek Banks
The European Central Bank said it will temporarily stop lending to some Greek banks to limit its risk as President…
