European markets close modestly higher on Wednesday

Note: This section contains information in English only.
Source: Marketwatch
Most European stocks ended slightly up on Wednesday trade as Greece kept working on deal with creditors and Germany sold bonds at record low borrowing costs. Stoxx Europe 600 climbed 0.08% to 253.48 and UK's FTSE 100 closed 0.15% up at 5,702.37. French CAC 40 dropped 0.15% to 3,264.93 while German DAX added 0.3%, finishing at 6,354.57.
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Thu, 19 Jan 2012 10:27:23 GMT

Kodak Company faced bankruptcy in New York

Kodak announced that the company and its subsidies located in the US filed for chapter 11 in the US Bankruptcy Court. The chapter 11 stipulates business reorganization intended to boost liquidity and to provide the company with a possibility to concentrate on the most viable business lines. Kodak has got $950 million credit facility that will enable company to operate

Thu, 19 Jan 2012 09:28:38 GMT

Greece failed to agree with private lenders on debt cut

Greece failed to find a consensus with its creditors during lengthy talks resumed on Wednesday, reported IIF. The contrary is under pressure as it has to agree with private bondholders, who hold large amount of Greek bonds, on voluntary cut of the debt by 50%. Officials from troika also support the reduction of Greek's bonds. In case the agreement is

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