EUROPEAN CENTRAL BANK

Traders work on the floor of the New York Stock Exchange at the end of the trading day in New York

Stock Futures Mixed; JPMorgan Earnings Eyed

Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 down 0.05 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures up 0.16 percent at 1039 GMT.

Italy 3-Year Debt Costs Fall at Bond Auction

An Italian flag waves in front of the Montecitorio palace before the start of a finances vote in downtown Rome
Italy's three-year debt costs fell below 5 percent at the first bond auction of the year spurring hopes the troubled borrower would be able to make it through a refinancing hump in the first months of the year.

Gold Prices up for 3rd Day, Hit 1-Month High

Molten gold
Gold rose to a one-month high on Thursday, as comments by the president of the European Central Bank on cheap money stabilizing the region's banking system extended the metal's gain to a third consecutive day.
Mario Monti

Fitch Continues Warnings of Italy Downgrade, Catching Up to Competition

Fitch Ratings analysts continued their saber-rattling over Italy on Thursday, making remarks observers fear signal a coming downgrade of that country's sovereign credit rating. The comments carry an element of the ratings agency playing catch-up to its two main competitors: New York-based Moody's Investor's Services and Standard & Poor's. Fitch currently holds a rating of A+ on Italian government debt, a notch above the ratings assigned by those competitors
More news
IBTimes Logo

ECB holds rates at 1 percent

The European Central Bank held its main interest rate at 1.0 percent on Thursday as the common currency area's economy showed tenuous signs of stabilization after the debt crisis has stormed through, wreaking havoc in its path.
ECB President Mario Draghi leaves the European Council headquarters after a night of negotiations at a European Union summit in Brussels

ECB Holds Rates While Policy Package Takes Effect

The European Central Bank left interest rates on hold on Thursday, pausing to assess the impact of back-to-back cuts and a slew of other measures it unleashed late last year that are showing some signs of helping fight the euro zone debt crisis.
IBTimes Logo

Yields Fall Sharply at Spanish, Italian Debt Sales

Spain and Italy spread cheer through euro zone markets on Thursday with successful debt auctions at sharply lower borrowing costs in 2012's first real test of appetite for debt from the Eurozone's bruised periphery.
Avion Gold mine blasting

Gold Climbs to Highest in a Month on Chinese Demand

Gold rose for a second day on Wednesday, hitting its highest in a month, as evidence of strong demand from major consumerChina helped boost the price above a key technical level, and offset the impact of a softer euro.
An NYSE is seen over the trading floor of the New York Stock Exchange

Wall Street off 5-month high as energy drags

Stocks pulled back from five-month highs in early trading on Wednesday, with pressure on the euro testing the view that U.S. equities were decoupling from the single currency.
Gold

Gold Hits 4-week High, India Buying Active

Gold hit a four-week high and broke above a key resistance on Wednesday, defying a stronger dollar, as the festering euro zone debt crisis lured investors to its safety and signs of strong demand from the world's top two consumers also supported.
Asia's Markets

Nikkei, Asia Markets Close Higher Tuesday on Alcoa Earnings

The Nikkei share average edged up on Tuesday after revenue at U.S. aluminum giant Alcoa beat expectations, while Olympus jumped 20 percent on reports it would remain listed, but the benchmark remained stuck below key resistance ahead of events in Europe.
French President Sarkozy arrives to visit German Chancellor Merkel at the Chancellery in Berlin

Merkel, Sarkozy Press for Quick Greek Solution

Germany and France warned Greece on Monday it will get no more bailout funds until it agrees with creditor banks on a bond swap and pressed for an early deal to avert a potential default in the Eurozone's most debt-stricken nation.
Angela Merkel

Merkel Tells Greece to Hasten Debt Deal

German Chancellor Angela Merkel warned Greece on Monday it would not be possible to give further aid without rapid progress on its second rescue package, including a voluntary write-down on Greek debt held by private creditors.
Italy's Industry Minister Corrado Passera attends the 4th annual New World conference in Paris

Italy Plans Gradual Liberalizations to Boost Its Economy

Italy plans gradual liberalizations in sectors ranging from energy to professional services to revive its ailing economy, the country's industry minister said on Sunday, ahead of meetings with European partners to discuss ways to stem the debt crisis.
Five U.S. Stocks

Five U.S. Stocks for the Long Haul

Has the U.S. stock market's gyrations left you feeling a little perplexed? Then consider the stocks of large-capitalization companies with demonstrated business models. And here are five.
France's President Sarkozy talks with Germany's Chancellor Merkel at a European Union summit in Brussels

Sarkozy and Monti Urge Unity in Euro Crisis

Italian Prime Minister Mario Monti warned the European Union on Friday not to let divisions over managing its debt crisis blow up into serious splits, and President Nicolas Sarkozy warned that a euro collapse could trigger instability.
European Central Bank governing council member and Cyprus Central Bank Governor Athanasios Orphanides addresses parliament in Nicosia

ECB's Orphanides Wants to Stop Making Banks Pay for Greece

European Central Bank policymaker Athanasios Orphanides called for Eurozone leaders to abandon plans to make private sector investors help reduce Greece's debts - a move likely to get little traction with the currency bloc's paymaster, Germany.

Pages

  • MOST READ

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.