Archive for the ‘Business Section’ Category
Curbing derivatives might hurt, not help, Greece (AP)
AP – Derivatives have become a dirty word.
Call for action on speculation rules (source: Financial Times)
Germany and France are stepping up pressure for urgent EU action to tighten regulation in sovereign debt markets – in particular of credit default swaps – in the wake of the Greek crisis (source: Financial Times) – RSS news feeds and Widgets on Feedzilla.com
Europe cries foul over US defence tender (source: Financial Times)
European countries have accused Washington of foul play after the continent’s largest aerospace and defence company pulled out of a multibillion-dollar race to supply the US military, alleging unfair competition (source: Financial Times) – RSS feeds and Feed widget on Feedzilla.com
EU concern over end of tanker bid (source: BBC)
Brussels says it hopes European aerospace group EADS was not prevented from fairly bidding for a major US defence deal. (source: BBC) – RSS and News widget on Feedzilla.com
BofA ending overdraft fees on debit cards (source: Reuters)
NEW YORK/CHARLOTTE, North Carolina (Reuters) – Bank of America said on Tuesday it will no longer charge overdraft fees on debit card purchases as of this summer, a move that may cost millions in fee income. (source: Reuters) – RSS feeds and Feed widget on Feedzilla.com
New credit crunch risk as banks face funding crisis (source: Telegraph)
Britain is facing a second credit crunch as banks shrink their loan books to avoid a funding crisis, a leading analyst has warned. (source: Telegraph) – RSS and News widget on Feedzilla.com
Private equity lines up for Card Factory (source: Telegraph)
Husband and wife team Dean and Janet Hoyle are set for a £350m windfall after several private equity firms delivered bids for their Card Factory greetings cards retail chain. (source: Telegraph) – RSS feeds and Feed widget on Feedzilla.com
Fitch warns Britain and questions Greek rescue as sovereign risks grow (source: Telegraph)
Fitch Ratings has delivered a serious blow to the credibility of the Government’s budget plans. (source: Telegraph) – News widgets and RSS feeds on Feedzilla.com
Obama: Greece, facing bad days, has US as ally (AP)
AP – President Barack Obama stood with Greek Prime Minister George Papandreou on Tuesday and pledged that the United States would work with its ally, even as Greece’s enormous debts sparked frenzied trading.
Stock investors ask: What’s the next big thing? (AP)
AP – A year after the stock market began its comeback from 12-year lows, investors are looking for the next big thing.