Posts Tagged ‘business’

Greece backs austerity plan but euro, US stocks fall

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Reuters TOPWRAP 8-Greece backs austerity plan but euro, US stocks fall Reuters ATHENS/NEW YORK, May 6 (Reuters) – The Greek parliament backed an austerity plan on Thursday despite violent unrest, as European Central Bank inaction on the nation's debt crisis helped to trigger major falls in …

Euro climbs for second day on Greek rescue optimism

Globe and Mail FOREX-Euro climbs for second day on Greek rescue optimism Reuters NEW YORK, April 29 (Reuters) – The euro rose for a second straight day on Thursday, rebounding from a one-year low in the prior session, bolstered by hopes a bailout plan for Greece will be larger than previously thought and allow it to avoid a debt … Greek aid hopes boost European shares; BP slips Reuters German FinMin sees no alternative to Greece aid Reuters Euro Advances From Near One-Year Low on Outlook for Greece Aid BusinessWeek Wall Street Journal

Suit: Goldman Didn’t Disclose SEC Probe

Washington Post Suit: Goldman Didn't Disclose SEC Probe Wall Street Journal By VANESSA O'CONNELL NEW YORK—A Goldman Sachs Group Inc. shareholder filed a lawsuit Monday against the bank, accusing the firm of failing to disclose a Securities and Exchange Commission investigation.

Greek uncertainty hurts euro; Fed meeting in focus

The Hindu FOREX-Greek uncertainty hurts euro; Fed meeting in focus Reuters NEW YORK, April 26 (Reuters) – Confusion about the timing and amount of emergency aid for Greece prompted investors to sell the euro on Monday as markets worried whether the euro zone country will manage to avert a debt default. …

Treasury Gives OK to Sell Some Citi Shares

Financial Post Treasury Gives OK to Sell Some Citi Shares Wall Street Journal WASHINGTON—The US Treasury Department approved a sale of 1.5 billion shares of Citigroup Inc. common stock in a step toward reducing its 27% stake in the Wall Street firm. Treasury hired Morgan Stanley to manage its Citi holdings

CORRECT: Euro Stumbles, Greek Bonds Strained After Aid Request

Globe and Mail CORRECT: Euro Stumbles, Greek Bonds Strained After Aid Request Wall Street Journal (“=2nd UPDATE: Euro Stumbles, Greek Bonds Strained After Aid Request,” at 0950 GMT, misstated the level hit by the euro against the pound in the first paragraph.

Greece aid hope helps euro, stocks rise

BBC News Greece aid hope helps euro, stocks rise Reuters TOKYO (Reuters) – The euro stabilized on Monday and Asian share markets rose after Greece requested emergency aid and as a raft of US data showed its economic recovery was gathering strength. Greece's finance minister said on Sunday aid from the EU and …

Goldman emails show need for bank reform

Washington Post Goldman emails show need for bank reform: Dodd MarketWatch NEW YORK (MarketWatch) — Emails at Goldman Sachs Group Inc. released by a Senate subcommittee show just how much financial reform is needed, two leading senators said on Sunday. It's another full week of earnings plus a ..

Greek minister says IMF debt talks are ‘going well’

BBC News Greek minister says IMF debt talks are 'going well' BBC News Greece's talks with the IMF on emergency loans to finance its debt are going well, its finance minister says.

Goldman Sachs e-mails suggest firm profited from mortgage mess, Senate panel says

MiamiHerald.com Goldman Sachs e-mails suggest firm profited from mortgage mess, Senate panel says Los Angeles Times E-mail exchanges in 2007 among top executives contradict the investment bank's claims that it did not aggressively bet against the housing market, panel chairman Sen. Carl Levin says. Goldman denies the allegations.

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