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ECB declines comment on bank bond losses report
Jul 16th, 2012
FRANKFURT (Reuters) - The European Central Bank declined to comment on Monday on a report its president advocated imposing losses on holders of senior bonds issued by the most severely damaged Spanish savings banks in what would be a change to the ECB's previous stance. The Wall Street Journal said ECB President Mario Draghi presented the new stance - which contrasts with a position it took in 2010 that senior bondholders in bailed-out Irish banks should not suffer losses - on Monday last week at a meeting of euro zone finance officials. ... (Source: Reuters) -
By Sudip Kar-Gupta LONDON (Reuters) - The FTSE 100, which had raced to its highest level in nearly 13 years this week, fell sharply for the second straight session on Friday as a decline at major bank HSBC hit the market. Some traders felt the pull-back could accelerate in June although many still believed the stock market's longer-term rising... [Full Article]
By Ryan Vlastelica NEW YORK (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive bond-buying program would remain in place for now, even as the bank considers cutting back stimulus in coming months. Wall Street stocks jumped as much as 1 percent,... [Full Article]
WASHINGTON (Reuters) - An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel , warning it could expose the United States to Chinese cyber attacks. "I have real concerns that this deal, if approved, could make American industry and government agencies ... [Full Article]
MUMBAI (Reuters) - The government doesn't think the central bank has slowed the pace of its bond purchase programme, economic affairs secretary Arvind Mayaram said on Friday. Commercial banks operating in the bond market say cash conditions remain tight and they are disappointed that the Reserve Bank of India has not announced an open market o... [Full Article]
BANGKOK (AP) - Asian stocks continued to retreat Friday after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. (Source: Associated Press)... [Full Article]
(Reuters) - Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported, citing people familiar with the matter. Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, said Bloomberg, citing a source. O... [Full Article]
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