Eurogroup approves next financial package to Greece

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Source: RTT News
© Scanpix/
Finance ministers of the Eurozone approved a second bailout installment to the debt-burden Greek economy as the country completed its debt buyback plan in Brussels meeting on Thursday. The European Financial Stability Facility is to release the aid of 49.1 billion euro in several tranches, when the first one of 34.3 billion euro is to be sent in the next few days, while the rest will be delivered in the Q1 of 2013.
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Thu, 13 Dec 2012 16:38:57 GMT

Stagnation in the U.S. budget talks leads German stocks to a decline

The German shares erased their earlier gains after the Chairman of Federal Reserve said the approved plan to purchase $45 billion a month Treasury securities will not resolve the "fiscal cliff ", as no progress has been made in reaching the U.S. budget deal.The German DAX index lost 0.27%, or 20.25 points, to 7,594.26 by 15:25 GMT. The index has

Thu, 13 Dec 2012 15:32:58 GMT

Hong Shares inch lower as no budget deal reached in Washington

Hong Kong shares slightly decreased, halting a further rally on rising concerns over the so called "fiscal cliff". However, foreign investors are showing more interest into Hong Kong's stocks amid speculation Chinese economy is recovering, as recent data show positive signs. The Hang Seng index fell 0.26%, or 57.77 points, to  22,445.58, even though  shares listed in China outperformed the

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