The Eurozone debt crisis may have some adverse short-term impact on Indian exports to the European Union, said Finance Secretary, Ashok Chawla on Monday.
European Union finance ministers on Friday pledged for tougher sanctions against EU budget rule breakers, a move to contain the debt crisis in the eurozone and calm down financial markets.
European Union finance ministers have agreed on a bailout package of nearly USD 1 trillion (750 billion euro) for Greece, as part of their concentrated efforts to prevent the debt crisis contagion from spreading to other nations.
Rebound is a response to stronger than expected U.S. economic data. European Uncertainties need clarification. Resistance starts DJIA 11,960 (S&P 500: 1226).
A potential resolution to the debt crisis in the eurozone helped to push shares of banks and credit card companies higher today. Optimism surrounding the situation and revised outlooks on Q3 expectations factored into gains in the sector.
India Inc. has hailed the better-than-expected 7.5 percent GDP growth during 2009-10, but it is still jittery about numerous challenges, including poor credit availability to the industry, particularly the small and medium enterprise (SME) sector, and the Eurozone sovereign debt crisis which could draw down exports to the region in the coming days.
Greek Prime Minister Lucas Papademos is negotiating with other Greek politicians to accept a draft deal that could restructure Greek debt and stave off default.
Without Europe's sovereign debt and banking woes this market would fly. Economic reports dispute argumant for recession. Traders' opportunity on weakness today.
EU leaders have been in heavy talks with Greece officials on accepting deeper austerity cuts and providing more assurances before receiving more aid. But is it too little, too late?
Shares in European financial institutions took another major hit as concerns over the Italian government caused the yields on their treasury bonds to move past 7 percent.
Benchmark indices for Indian equities lost more than 3 percent this week on negative sentiment due to concerns that the European debt crisis could derail world economic recovery and foreign fund outflows.
Citigroup and Wells Fargo moved opposite directions after contrasting earnings reports released today. Here's what drove two of the largest banks on Wall Street.
A rebound in U.S. markets helped China and Hong Kong bounce back from huge losses Thursday. Chinese banks rebounded after a surge in lending lifted loan values for the month.
While eyes are mostly on Greece and Iran, someone is in there buying stock. At some point , sideline-sitters will start buying, and that's when this market will hum.