Euro Area officials call for additional IMF financing

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Source: Bloomberg
Euro Area officials are going to Washington this week in order to demand larger war chest from overseas partners to prevent debt crisis as Spanish government struggles with surging borrowing costs. US though insists Europe can tackle crisis by its own financial firewall while Euro Zone representatives claim they already have done enough and deserve global help. 
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Mon, 16 Apr 2012 12:36:39 GMT

Dow Jones Industrial Average gives up 1% on Friday

Dow Jones Industrial Average index traded lower on Friday as data showed US consumer confidence weakened in the beginning of April amid surging Spanish bond yields. 28 out of 30 stocks ended up in the negative territory. Blue chip index fell 1.05% or 136.99 points and closed at 12,849.59 led by banking shares. Bank of America plunged 5.3% while JP

Mon, 16 Apr 2012 11:57:07 GMT

US shares experienced a worst week in 2012

US shares fell on Friday after China posted disappointing GDP growth data and US consumer sentiment gauge unexpectedly declined. S&P 500 index lost 1.25% or 17.31 points and finished at 1,370.26, Dow Jones Industrial Average shed 1.05% or 136.99 points to 12,849.59 while Nasdaq Composite index tumbled 1.45% or 44.22 points to 3,011.33.

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