Greek debt negotiations move closer to an end

Note: This section contains information in English only.
Source: BBC
Greece is likely to agree on a debt swap deal with private bondholders over this weekend, said Olli Rehn, the EU's Economic Commissioner. The deal is expected to be closed by  EU summit due on Monday, he added. However, Greece still needs a bailout to repay its USD 19 billion worth of bonds that are due March 20.
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Fri, 27 Jan 2012 15:10:08 GMT

S&P 500 drops on housing data

US S&P 500 Index fell on Thursday, weighted down by an unexpected drop in new home sales. US benchmark declined 0.57% or 7.62 points and closed at 1,318.43 with nine out of ten industries posting losses as home sales decelerated 2.2% in December. Main losers were energy and telecommunication shares with E Trade Financial dropping 14.6% and Range resources giving

Fri, 27 Jan 2012 16:57:14 GMT

Expansion of European loans slowed down by crisis

The growth of the European loans owed by businesses and households decreased in December amid worsening economic outlook in the region and credit tightening measures of banks. Private sector loans showed a 1% increase on an annual rate, reported the ECB. Moreover, the pace of growth in M3 money supply tumbled to 1.6% from 2%.

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