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Eurosceptic Feldstein believes in the survival of the zone without Greece
Harvard University professor Martin Feldstein who in 1998 predicted that the euro would be "economic liability" said the single currency will survive for now, even as he bets Greece quits within a year., writes Bloomberg.
“With the exc... Read more ››
European stocks fell on European debt fears
Stocks in Europe fell in today's session, despite better than expected U.S. economic data that supported early trading on Wall Street, as though briefly overshadowed concerns about Europe's debt crisis, transmits Reuters
The index of leading compani... Read more ››
U.S. markets are looking for direction at the beginning of the session
The major U.S. indexes have fluctuated between gains and losses at the beginning of today's session, as the best moment of U.S. economic data fail to overcome concerns about developments in the euro zone, told CNBC.
Dow Jones fell by 0.1... Read more ››
German investor confidence dropped to 3-year low
In November, the German investor confidence dropped to 3-year low, amid fears that the debt crisis could drag Europe's largest economy back into the swamp of recession.
Centre for European Economic Research in Mannheim - ZEW, said its in... Read more ››
For France, the raising of capital is now twice as expensive than as in Germany
Markets continue upward pressure on France and today, this translates into a further increase in the yield on ten-year government bonds in the country. Yield was increased significantly in early trading today in Europe and reached 3.5 per cent.
&... Read more ››
Cameron: We must look skeptical of grand plans and utopian ideas
British Prime Minister David Cameron rejected the call by German Chancellor Angela Merkel for political union in Europe, underlining the increasing distancing of Britain from the euro zone, which is struggling with the debt crisis, reports Bloomberg.... Read more ››
Pimco: Home prices in the U.S. will probably fall by another 6-8%
Home prices in the U.S. will probably decline an another 6-8% before reaching the bottom, said Scott Simon of Pacific Investment Management Co., Quoted by Bloomberg.
Potential buyers are being kept by tight rules for obtaining government... Read more ››
European stocks retreat in the beginning of the week
The main indices of European markets fell early in the new week, while the Italy's cost of borrowing money rose at the highest yield, told Bloomberg.
Pan-European Stoxx Europe 600 index fell 1% to 238.47 points, with all 19 industry grou... Read more ››
Buffett’s company bought IBM shares worth 10.7 billion dollars
Company of billionaire Warren Buffett's Berkshire Hathaway has acquired a significant amount of shares of U.S. technology company IBM. This happened through a series of transactions carried out mainly in the third quarter of 2011, reports CNBC.
&n... Read more ››