Markets Shrug Off Cyprus Rejection of Bailout Plan
Financial markets on Tuesday shrugged off the Cypriot parliament's rejection of a plan to confiscate part of people's bank deposits in order to qualify for an international bailout loan.
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World Markets Still Feeling Good About ECB's Bond-Buying Plan
A unlimited bond-buying plan from the European Central Bank continued to buoy financial markets on Friday while worse-than-expected U.S. jobs data lifted expectations that the Federal Reserve will back another monetary stimulus.
Stocks Soar After ECB Unveils Bond Buying Effort
The last time the stock market was this high, the Great Recession was turning a month old, and stocks were pointed toward a headlong descent. But on Thursday, the market moved swiftly in the other direction.
Markets Hold Their Breath In Fear of Disappointment from Draghi
Longer-dated Spanish government bond yields fell and German debt sold off on Thursday with expectations high that the European Central Bank will detail plans to buy struggling eurozone countries' debt to curb the bloc's long-running debt crisis.
Greek Debt Crisis Fix May Cost Central Banks up to 100 Billion Euros
European policymakers are working on "last chance" options to bring Greece's debts down and keep it in the euro zone, with the ECB and national central banks looking at taking significant losses on the value of their bond holdings, officials said.
European Central Bank Cuts Rates to New Low to Help Economy
The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75% to boost a eurozone economy weighed down by the continent's crisis over too much government debt.
The Financial Landscape: SEC Fines JPM Over CDOs
The news across the financial world is good for unions, which will find organizing a bit easier; adequate for Greece, which will find getting bailed out a bit easier, and bitter for JPMorgan which had to accept a $153.6 million SEC fine for misleading investors about a mortgage securities transaction.
The E-Bond Is a Bold Idea, but the EU Is Too Timid
The notion that the EU could issue a eurozone-wide bond is probably the most sweeping proposal yet to relieve country debt problems. But the ad hoc measures Europe has been taking to put out fires are likely to remain the status quo. One big reason: Germany.
Stocks Vault on Job Gains and Global Data
The Dow jumped skyward on Wednesday as stocks rallied around the globe on a stream of strong economic news, both abroad and in the U.S. A less anxious outlook for European sovereign debt also helped.
Buffett Warns That Euro Faces a 'Real Challenge'
The euro has posted its biggest quarterly gain in eight years, but billionaire investment guru Warren Buffett is worried about Europe's common currency. Despite the E.U.'s trillion-dollar bailout fund, he's not sure the Continent will be able to avert a sovereign debt meltdown.
European Central Bank Keeps Rates Low
It may be because of the slowing European economy, the drive for austerity by the continent's national governments, or planned tax increases. But whatever the reasons, the European Central Bank said Thursday it would hold its benchmark interest rate steady at 1%.
Rising Stress Over European Bank Stress Tests
Ever since the Greek debt crisis began worrying investors last month, many European banks are being stress tested. Now, there is growing pressure to release the results.
Europe to Set Up Fund Stopping Greek Crisis' Spread
Eurozone leaders plan to create a financial facility to defend the euro and lower the interest rates its weaker economies pay for sovereign debt. As turmoil grips world markets, the politicians pledge to set up the firewall against contagion before Asian markets reopen on Monday.
The Greek Rescue Plan Isn't Likely to Save the EU From More Turmoil
The European Union's agreement to support debt-ridden Greece was achieved after long wrangling. But the eurozone has more trouble spots that could threaten the group.
