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Business - Page 721

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Greek PM rebuffs austerity opponents, vows June vote

The Greek government defended its new austerity package from attacks in parliament on Friday, saying it was the only way to stave off bankruptcy, and made a new call for opposition parties

11th June 2011
Business

Will eating more broccoli help you live longer?

To the likely delight of nagging parents, a new study shows that people who eat more fruit and veggies tend to live longer. Plants from the mustard family — including broccoli, cabbage,

10th June 2011
Business

Cyprus could become next euro zone trouble spot

– 10-year bond yield rises sharply to 7 pct area – Cyprus fairly well placed to absorb Greek impact on banks  – But markets also worry about delays to fiscal reforms – Can

10th June 2011
Business

ECB opposing almost any form of Greek debt restructuring

– Trichet may want to shape fiscal reform of euro zone  – But ECB made U-turn over bond buying last year  – Carrying out threat would be politically difficult  – Compromise might be

10th June 2011
Business

Disorderly default of Greece disastrous Germany says

German Finance Minister Wolfgang Schaeuble appealed in parliament on Friday for support for a new rescue package for Greece involving private creditors, saying a disorderly default could have a disastrous impact on

10th June 2011
Business

Euro at one-week low vs USD despite hawkish ECB talk

Asian stocks fell for a seventh consecutive day on Friday, led by selling in technology counters on wariness about the broader economic outlook, while the euro held above one-week lows as worries

10th June 2011
Business

Stocks dip, led by tech; euro at 1-week low

Asian stocks slipped on Friday, at risk of a seventh straight day of losses, led by selling in the technology sector, though cheap valuations kept Japan's market in the black. Markets from

10th June 2011
Business

Australian banks replace electronic keys in wake of cyber attacks

Two top Australian banks are replacing the "SecurID" electronic keys of customers as banks beef up security after a string of cyber attacks on high-profile global companies. Citigroup Inc became the latest

10th June 2011
Business

Fitch likely to view Greek debt swap as default

A Greek debt swap or rollover would probably be considered a default and prompt a cut in its sovereign rating to C, while Ireland and Portugal's ratings would immediately be subject to

10th June 2011
Business

ECB takes hard line on Greece in rebuff to Berlin

The European Central Bank said on Thursday it opposed forcing private creditors to take part in debt relief for Greece, pushing back against Germany, which has demanded a bond swap to lengthen

10th June 2011
Business
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