25 Nov '11, 10pm

Euro sinks on Italy debt auction

Euro sinks on Italy debt auction

NEW YORK: The euro fell beneath the $1.33 level on Friday, as debt troubles continued to roil markets with little end in sight to the eurozone crisis. Amid mounting concerns that the bloc's political leaders cannot produce a solution to the eurozone debt crisis, the European single currency at one stage plunged to $1.3212, its lowest point since October 4. It reached $1.3240 by 2200 GMT versus $1.3347 the day before. Dealers said investors appeared to have lost confidence that European leaders can tame the crisis snapping at their heels, with the euro slumping as Italy's debt problems came to the fore. News that Rome had to pay record and dangerously high rates to raise fresh funds was unnerving when coupled with a French and German warning that if Italy were to collapse, it would take the euro with it. "As confidence that a solution to this crisis might be forthcoming and...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Euro, stocks fall after Merkel restated her res...

todayonline.com 24 Nov '11, 11pm

STRASBOURG - An inaugural meeting between newly-installed Italian Premier Mario Monti and the leaders of France and German...

Euro sinks on near-recession level growth

channelnewsasia.com 16 Nov '11, 12am

NEW YORK: Poor growth data in Europe and positive retails sales statistics on the US economy gave the dollar a solid boost...

Brazil 'risks loss of forest area equal to Germany, Italy and Austria'

Brazil 'risks loss of forest area equal to Germ...

care2.com 26 Nov '11, 7am

Brazil 'Risks Loss of Forest Area Equal to Germany, Italy and Austria' Brazil 'Risks Loss of Forest Area Equal to Germany,...

Despite debt deal failure, US ratings stay inta...

todayonline.com 22 Nov '11, 11pm

NEW YORK - Standard & Poor's and Moody's have no immediate plans to downgrade their credit ratings for the United States a...

Euro Q-School heats up

Euro Q-School heats up

pga.org.au 04 Dec '11, 1am

Graeme A Clark The second stage of Qualifying School for the European Tour has seen a run of quality scoring across four d...

Time Runs Short for Europe to Resolve Debt Cris...

blog.limkitsiang.com 28 Nov '11, 2am

By LANDON THOMAS Jr. November 27, 2011 | The New York Times LONDON — Eighteen months into a sovereign debt crisis — and af...

All euro zone states need to set up a special n...

todayonline.com 03 Dec '11, 2pm

BERLIN - Every country in the euro zone needs to set up a special national fund for sovereign debt that is more than 60 pe...

Germany, France leaders considering new stability treaty exclusive to only a few countries in the euro zone

Germany, France leaders considering new stabili...

straitstimes.com 27 Nov '11, 12am

Chancellor Angela Merkel (R) and French President Nicolas Sarkozy are considering a new stability treaty that would be lim...

Will Demise of Euro Kill EU Climate Plans?

Will Demise of Euro Kill EU Climate Plans?

cleantechnica.com 29 Nov '11, 10pm

According to Environmental Finance , the Commission proposed that the EU budget for the next seven-year period which start...

Charged Off As Bad Debt – In Your Business

jennyhow.com 23 Nov '11, 4pm

Charged off as bad debt refers to a kind of loss. It is not exactly a loss but it is the fact when someone owes you a cert...