-
Argentina’s dollar-denominated debt dropped on speculation the government’s offer to pay defaulted debtholders on similar terms as past restructurings will spur a U.S. court to order the nation to pay in full.
-
The crisis gripping Europe reflects a much larger problem: The world’s policy makers have fundamentally opposing views of how to manage their currencies and economies. Unfortunately, there’s no happy solution.
-
The largest emerging markets, whose economies grew more than four-fold in the past decade, are making losers out of everyone from central bankers to Procter & Gamble Co. as their currencies post the biggest declines since at least 1998.
-
Egypt is riskier than Iraq in the market for credit default swaps for the first time in at least a year after protests denouncing President Hosni Mubarak .
-
Price pressures are pushing emerging-market central banks from Russia to China to raise interest rates this year, tarnishing the appeal of their stocks and increasing investor interest in the U.S.
-
The euro fell to the lowest level in five weeks against the dollar after European Central Bank council member Axel Weber said the region’s economy may need help from the central bank through the end of the year.
-
Europe’s worsening debt crisis is intensifying pressure on policy makers to widen a bailout package beyond Greece after a cut in the nation’s rating to junk drove up borrowing costs from Italy to Portugal and Ireland.
-
The euro rose for a second day against the dollar and the yen after European policy makers announced a loan plan of almost $1 trillion to aid debt-laden governments and shore up the 16-nation currency.
-
Emerging-market stocks fell, dragging a benchmark index to a two-week low. on concern Europe’s debt crisis will curb global economic growth after Fitch Ratings called the U.K.’s fiscal challenge “formidable.”
-
The euro gained for second day against the dollar and yen as stocks and commodities advanced on speculation the European Central Bank may announce plans tomorrow to stabilize the region’s debt markets.
Rate this Page