OTC Capital Partners

With sparse data, focus returns to Europe

Reuters: Business News — Sun, 05 Feb 2012 18:50:49 +0000

NEW YORK (Reuters) – Europe will again be at the center of investors’ focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction.

Source >>>

Euro zone insists no Greek rescue without reforms

Reuters: Business News — Sun, 05 Feb 2012 18:50:38 +0000

BRUSSELS (Reuters) – Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from the euro zone and the IMF.

Source >>>

Glencore, Xstrata hammering out final deal details

Reuters: Business News — Sun, 05 Feb 2012 18:50:27 +0000

CAPE TOWN/LONDON (Reuters) – Top executives at trader Glencore and miner Xstrata are hammering out the final details of an $80 billion tie-up to seal the industry’s largest ever takeover, which could be announced as early as Tuesday.

Source >>>

Greece on "knife edge" in push to agree bailout

Reuters: Business News — Sun, 05 Feb 2012 18:50:16 +0000

ATHENS (Reuters) – Greece’s prime minister scrambled Sunday to convince lenders and politicians to sign off on a 130 billion euro rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default.

Source >>>

ET, the new alien scaring global markets

Reuters: Business News — Sun, 05 Feb 2012 18:50:03 +0000

(Reuters) – The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international markets in one swoop.

Source >>>

Central bank liquidity tap to stay open

Reuters: Business News — Sun, 05 Feb 2012 13:50:19 +0000

LONDON (Reuters) – After a blockbuster January for both equities and bonds – rallies that caught many in the market by surprise – investors will be paying keen attention to the world’s central banks in the coming week for signs of continued easy money.

Source >>>

Greece on "knife edge" in last hours to agree bailout

Reuters: Business News — Sun, 05 Feb 2012 13:50:04 +0000

ATHENS (Reuters) – Greece’s prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro ($171 billion) rescue, after his finance minister said just hours remain before the euro zone abandons the country to its fate.

Source >>>

Olympus to hold shareholder meeting on April 20

Reuters: Business News — Sun, 05 Feb 2012 08:50:04 +0000

TOKYO (Reuters) – Japan’s troubled Olympus Corp said on Sunday it will hold an extraordinary shareholders meeting on April 20, when it is expected to seek approval of a new management team.

Source >>>

Wen says China has stake in helping Europe

Reuters: Business News — Sun, 05 Feb 2012 08:29:59 +0000

BEIJING (Reuters) – China has a stake in helping the euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe’s importance as an export market and as a source of technology.

Source >>>

Euro zone loses patience with Greece

Reuters: Business News — Sun, 05 Feb 2012 00:40:15 +0000

BRUSSELS (Reuters) – Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.

Source >>>