Posted by Reuters: Business News on November 3, 2011
FRANKFURT (Reuters) – The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move on Thursday and President Mario Draghi said the euro zone could subside into a “mild recession” in the latter part of 2011.
Posted by Reuters: Business News on September 20, 2011
ROME/ATHENS (Reuters) – Standard & Poor’s cut Italy’s credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone, and the International Monetary Fund said Europe’s leaders were failing to act decisively enough to resolve the crisis.
Posted by Reuters: Business News on
ROME/ATHENS (Reuters) – Standard & Poor’s cut Italy’s credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone, and the International Monetary Fund said Europe’s leaders were failing to act decisively enough to resolve the crisis.
Posted by Reuters: Business News on September 12, 2011
PARIS (Reuters) – Societe Generale said it would cut costs and sell assets to free up 4 billion euros in fresh capital on Monday, although the surprise move failed to stem a sell-off in French bank shares, driven by fears of a Greek debt default.
Posted by Reuters: Business News on September 1, 2011
BOSTON/NEW YORK (Reuters) – Bank of New York Mellon’s Chief Executive Robert Kelly stepped down in a surprise move, because of what the company said was “differences in approach to managing the company.”
Posted by Reuters: Business News on October 5, 2010
TOKYO (Reuters) – The Bank of Japan on Tuesday effectively reverted to zero interest rates on growing signs the strong yen is hurting a fragile economy, surprising markets and preceding the Federal…
Posted by Reuters: Business News on August 24, 2010
NEW YORK (Reuters) – Hewlett-Packard Co offered to pay $1.6 billion for 3PAR Inc, topping rival Dell Inc’s bid by a third in a surprise move that could spark a bidding war for the data storage company.
Posted by Reuters: Business News on June 21, 2010
SHANGHAI (Reuters) – China’s surprise move to relax currency controls ahead of this weekend’s G20 summit buoyed global markets and sent the yuan to a five-year peak on Monday, as analysts questioned how far Beijing’s new currency flexibility would go.
Posted by Reuters: Business News on February 12, 2010
NEW YORK (Reuters) – The Dow and S&P edged lower on Friday after a surprise move by China to restrict bank lending, while the Nasdaq was little changed as strength in technology shares offset other losses.
Posted by Reuters: Business News on
NEW YORK (Reuters) – U.S. stocks fell on Friday after a surprise move by China to restrict bank lending to cool its surging economy weighed on commodity prices and resource shares.
