European stocks decline

Note: This section contains information in English only.
Source: Bloomberg
Stoxx Europe 600 Index (SXXP) had declined almost 1% by 9:00 a.m. GMT. Credit Suisse plummeted by 7.2% after Swiss central bank stated the bank needed capital increase. British Sky Broadcasting Group lost 6% and  BT Group lost 4% after winning bidding to show English premiere league in 2013-14 season. Nokia retired almost 6% of its value after decreasing its predictions for the second quarter.  
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Thu, 14 Jun 2012 13:10:45 GMT

European officials understand they have to ensure further actions: Geithner

Timothy F. Geithner, the U.S. Treasury Secretary, said that the European officials understand that they have to invest more effort in order to control the debt crisis in Europe.  Geithner said that the Spanish bailout is a solid indication that Europe is engaged in developing a larger banking union. The Treasury Secretary also added that such a system is vital due to the growing tension,

Thu, 14 Jun 2012 12:48:45 GMT

Asian stocks decline

The MSCI Asia Pacific Index (MXAP) lost 0.5 % and declined to 112.9 by 8:30 a.m. GMT. The index has fallen 12% this year after reaching its peek in the end of February. Hutchison Whampoa, carrying port operations in Spain and Germany, fell 1.4%. Esprit Holdings sank 12% after both the CEO and the Chairman of the board quit withing 24

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