RiM Overhauls Management, Fifth Quarterly Sales Decline
Research in Motion announced more executive changes and vowed to focus on its core smartphone products as quarterly sales declined for the fifth quarter in a row.
India Proposes Higher Spending, Borrowing and Taxes in Union Budget
Finance Minister Pranab Mukherjee unveiled central government budget for the next fiscal year that will increase government spending by 18%, raise government borrowings by 7% and proposes to retroactively tax overseas mergers that involve Indian assets.
Spain Lifts Estimates of Deficit, Unemployment; Greek CDS Trigger in Limbo
European markets fell after Spain said it will miss its deficit target and European leaders reiterated the March deadline to finalize the size of the rescue fund. Spain estimated higher than expected economic decline of 1.7% and larger than expected de...
European Banks Bid €530 Billion for ECB Loans, Yields Fall
European Central Bank second liquidity operation attracted €530 billion loan demand from 800 banks increasing the total liquidity in the financial system by more than €1 trillion. Stocks traded higher and the euro edged lower. Yields on Italian and...
Italian Yields Fall to 9-month Low; Greek Initiates Debt Swap
European markets closed mixed and Greece kicked off its debt swap program with private holders. Portugal said it passed third check from troika and is not looking for more debt or more time to pay the current debt. Italian debt yields dropped to a 9-mn...
European Markets Advance 1%; Aegon, Fraport, Lafarge in Focus
European markets gained on the optimism that ministers will approve the entire bailout at the next meeting. Indexes in Germany, France and Italy led the region and gained for the third week in a row. Aegon earnings plunged on restructuring charges. Fra...
Banks Lead European Indexes Lower; ABB Falls on Earnings
European markets eased on the renewed worries linked to Greek bailout and fresh downward view on European banks from a credit opinion firm. Fraport AG, the operator of Frankfurt airport faces a union strike that may cancel 10% of flights as early as to...
European Markets Await Greek Decision; Heineken Net Falls
European markets traded sideways as Greek bailout decision got delayed one more time. European leaders urged China to participate in the euro zone bailout funds along with Russia and other oil rich nations. Heineken 2011 earnings fall.
European Bond Yields Ease; L’Oreal, Deutsche Boerse Up
European markets turned higher after successful bond auctions from Greece, Spain, Italy and Belgium and German bund futures reversed earlier losses to turn positive. German economic sentiment improved in February but Greek economy shrank at annual rate...
Greek Parliament Approves Additional Austerity; Italian Yields Fall
European markets advanced after Greek lawmakers approved deeply unpopular economic measures as people rioted on the streets of Athens. Italy completed the short term debt sale of €12 billion at a lower yield as demand falters. Vodafone evaluates Cabl...
European Markets Slide; Barclays Rise, Total and Saab Fall
European markets traded lower after the euro zone finance ministers set more conditions for Greece before releasing the next bailout funds. Saab declined 9% after quarterly orders were below expectations. Barclays accelerated plans to cut expenses and ...
European Markets Slide; Barclays Rise, Total and Saab Fall
European markets traded lower after the euro zone finance ministers set more conditions for Greece before releasing the next bailout funds. Saab declined 9% after quarterly orders were below expectations. Barclays accelerated plans to cut expenses and ...
