March 23, 2013
Euro-area finance chiefs, pressuring Cyprus to shrink its banking system as the condition for a bailout, are reviving demands they jettisoned last week as too extreme, four European officials said.
Finance ministers for the 17 euro countries are considering a plan to shutter the two biggest banks in Cyprus and freeze the assets of uninsured […]
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Australia, term
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March 15, 2013
The world’s largest cruise line has suffered through a series of high-profile mishaps. Yet passengers continue to book vacations thanks to discounts, albeit at a slower pace.
The company offered more sales to help attract passengers after an engine fire last month crippled the Carnival Triumph, leaving 4,200 people stranded for five days without working toilets […]
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money, term
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March 7, 2013
France’s toughest unions are protesting a potentially landmark plan to loosen the country’s famously rigid labor rules, calling it a betrayal by Socialist President Francois Hollande and a gift to capitalist bosses.
Multinationals are shutting factories around France amid Europe’s economic slowdown, with many complaining about the high cost of employing French workers. The French government […]
loans, term
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September 24, 2012
Jessica Mellow waited in line for more than 180 hours — that’s eight straight days — for an iPhone 5. She was woken up by cops, “showered” in a torrential downpour, and watched two taxis collide right in front of the growing crowd outside Apple’s gleaming retail cube on Manhattan’s Fifth Avenue.
On […]
loans, term
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June 21, 2012
European Union President Herman Van Rompuy
news, term
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June 9, 2012
World markets surged on international optimism that governments are leaning toward stimulus to boost the economy.
This sentiment is largely speculative, given the lack of action this week from the European Central Bank.
"Although the ECB somewhat predictably held off further action yesterday, hopes have risen that EU leaders are appreciating the urgency of the […]
Australia, term
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June 1, 2012
Former Premier Silvio Berlusconi said Italy should say
Uncategorized, term
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May 22, 2012
Asian companies and sovereigns sold no dollar-denominated bonds last week for the first time since January after yields surged on the deepening debt crisis in Europe and slowing industrial output in China.
China Petrochemical Corp., the refiner known as Sinopec Group, sold the last securities in the U.S. currency on May 10, before the slowest […]
lenders, term
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May 16, 2012
President Bill Clinton on Tuesday said those running for office should make reaching a debt deal the top campaign issue in the fall’s elections.
"I think this budget issue should become front and center in this election, Clinton said on Tuesday at a fiscal summit sponsored by the Peter G. Peterson Foundation.
"As soon as this […]
mortgage, term
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April 30, 2012
Chesapeake Energy’s CEO is about to lose a controversial perk that allowed him to take personal stakes in wells drilled by the company.
Chesapeake’s board said Thursday Aubrey McClendon agreed to negotiate an early termination of the program, which was overwhelmingly approved by shareholders in 2005 for a 10-year term.
The board is also reviewing […]
marketing, term
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