Posted by Reuters: Business News on February 7, 2012
ZURICH (Reuters) – Swiss bank UBS posted a loss at its investment bank and warned that the unit’s poor performance would also affect first-quarter results as the euro zone debt crisis and worries about the health of the U.S. economy hurt business.
Posted by Reuters: Business News on February 6, 2012
ATHENS (Reuters) – Greece’s coalition parties must tell the European Union on Monday whether they accept the painful terms of a new bailout deal to avoid a messy default that could threaten the country’s future in the euro zone.
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TOKYO (Reuters) – Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investors’ risk appetite, but the euro sagged on worries over a lack of progress in Greek debt restructuring talks which are vital to containing the euro zone crisis.
Posted by Reuters: Business News on February 5, 2012
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.
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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.
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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.
Posted by Reuters: Business News on February 4, 2012
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.
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ATHENS (Reuters) – Greece has agreed with euro zone partners on how to recapitalize Greek banks after a planned bond swap, but has yet to resolve issues related to labor reform and spending cuts in talks with lenders, the country’s finance minister said on Saturday.
Posted by Reuters: Business News on February 1, 2012
LONDON/ATHENS (Reuters) – Cautious optimism that the euro zone crisis may be turning a corner fuelled demand for European government debt on Wednesday, easing pressure on Portugal, seen as the most vulnerable country after Greece.
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TOKYO (Reuters) – Asian stock markets struggled on Wednesday as weaker U.S. data damped down recent optimism that the world’s largest economy may escape the gloom from the euro zone debt crisis, while Chinese manufacturing surveys failed to break the cautious mood.
