Group items tagged

"The US dollar advanced the most against the euro in 10 months as the ECB said that the euro region still faces risks. It is felt that the interest-rate cuts by ECB may not be enough to control the debt crisis in the euro bloc. "

"Euro leaders have agreed to radically restructure Spain's €100bn bank recapitalization plan. EU funds will now be directly injected into staggering Spanish financial institutions, indicating that the Spanish government will be able to avoid the burden of the bailouts from its sovereign books."

"The political leaders of European countries will be approaching the European Central Bank this week to get help for reinforcing gains after their moves to calm markets and accelerate the integration of the euro bloc."

"The Australian dollar reached a level which was just 0.6 percent less than a record high against the euro just before the European Central Bank and Bank of England are scheduled to meet to discuss ways to provide economic stimulus for boosting demand for currencies tied to growth. "

"Euro has fallen to a two-year low versus the dollar and weakened against all of its 16 most-traded peers. It dropped as much as 0.6 percent to $1.2235, the lowest since July 2010, before trading at $1.2250 at 5 pm New York time."

"Wall Street stocks surged on Friday on the strength of an agreement by European leaders to stabilize the euro region's banks, to end a difficult quarter on a high note. S&P 500 had its best day since December 20. "

With well over 600 billion euros worth of trade every year between the UK and EU, the economic case for making rapid progress on a trade agreement is crystal clear.

"Ford Motor expects that it losses for its international operations will increase threefold in the second quarter from the first quarter loss, mainly because of Europe's economic woes."