The MSCI Asia Pacific index, Hong Kong's Hang Seng and China's Shanghai Composite index all witnessed rises. full story ![]()
The euro bounced against the dollar as calm returned to currency markets after the previous night's rejection by the Cypriot parliament of its bank bailout deal.
wsj.com (2 months and 7 days ago)
Via Pater Tenebrarum of Acting-Man blog, A Record Amount of Bad Loans A recent study by Ernst & Young has revealed that euro-land banks in the aggregate now hold € 918 billion ($1.23 trn.) in non-performing loans (7.6% of all loans outstanding). E&Y sees about 15.5% of all loans in Spain and 10.2% of all loans in Italy as likely to be in NPL status (this exceeds the...
zerohedge.com (3 months and 9 days ago)
The executive director of the euro zone's largest bank sees green shoots appearing in Spain's economy.
cnbc.com (8 days ago)
The euro was at the epicenter of a selloff for financial markets on Monday as investors sought safety in the dollar after Cyprus announces plans to impose a one-time levy on bank deposits as part of a sovereign bailout deal.
marketwatch.com (2 months and 9 days ago)
The European Central Bank has lowered borrowing costs in an attempt to stimulate the economies using the euro, but what impact might this have in Spain?
palmbeachpost.com (23 days ago)
March 18 - The surprise decision by euro zone leaders to part-fund a rescue of Cyprus by taxing bank deposits sends shockwaves through financial markets, with shares, the euro and the bonds of its southern members all tumbling. Joel Flynn reports
reuters.com (2 months and 9 days ago)

The European Central Bank has lowered borrowing costs in an attempt to stimulate the economies using the euro, but what impact might this have in Spain?
bbci.co.uk (23 days ago)
A controversial bailout plan for Cyprus, one of the euro zone's smallest economies, raised concerns that bank runs could be set off elsewhere in the region.
nytimes.com (2 months and 9 days ago)
Banco Santander, the euro zone's largest bank by market value, said net profit dropped 26% in the first quarter as margins narrowed in several of its key markets, especially Spain and the U.K.
wsj.com (30 days ago)
Following the dismal PMIs this morning, most EU equity indices were declining. From around the open of US equity markets, EURUSD began to levitate as the 'bad' news hit Cyprus Popular Bank being 'restructured', no deal with Russia, and ATM lines mounting. Of course, the machines interpreted EURUSD's rise as a positive and European equities (and US equities) got a lift into...
zerohedge.com (2 months and 6 days ago)
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