Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Europe’s Greek plan gets lukewarm market response (AP) »
LONDON – The euro rebounded from a 10-month low on Friday but European stocks dropped, as markets gave an initially lukewarm response to the eurozone’s bailout program for
, which would extend loans only as a last resort and involve the International Monetary Fund.
Investors’ reaction was mixed because while the program does provide a [...]
Euro up on Greece plan; Nikkei hits 18-month high (Reuters) »
, lifting some pressure on the single currency.
, tempering market reaction.
The deal offers Athens loans and cash but only as a last resort and can only be disbursed with unanimous euro zone approval.
Major European markets (.FTEU3) were expected to open slightly lower, according to financial spreadbetters, with some dealers looking to take [...]
UAE stocks seen surging if Dubai government backs debt plan (Reuters) »
, with markets poised to rally if the deal includes guarantees, analysts said.
's index has been resurgent, gaining 12.8 percent in 12 trading days, as investors bet a restructuring deal would be more favorable to creditors than once thought, but it is down 15.2 percent since November 25, the day
said it would seek [...]
UAE stocks seen surging if Dubai government backs debt plan »
(Reuters) – Dubai’s debt restructuring proposal will determine the fate of UAE equity markets as the ailing emirate seeks support from Abu Dhabi, with markets poised to rally if the deal includes guarantees, analysts said.
Dubai’s index has been resurgent, gaining 12.8 percent in 12 trading days, as investors bet a restructuring deal would be [...]
Euro gains on Greece’s bailout plan »
Tue, Mar 16 2010, 18:57 GMT
The 16-nation currency gained severely against the Dollar as E.U finance ministers drafted a blueprint to aid Greece with its ballooning deficit, in addition news from the Standard & Poor’s of affirming Greece’s credit rating at BBB+ despite its debt issues while downgrading the country from “creditwatch [...]
FCC backs plan to speed up Internet »
(Reuters) – Communications regulators submitted to Congress a national broadband plan that aims to expand access, increase Internet speeds and shift airwaves to mobile services.
The five members of the Federal Communications Commission unanimously approved on Tuesday a summary of the plan that will need action by Congress, the commission and the communications industry to [...]
Euro ministers say have Greek aid plan if needed »
(Reuters) – Finance ministers from the 16-country euro zone agreed on Monday to mobilize financial aid for Greece rapidly if needed but revealed little of how their standby plan for the debt-stricken nation would work.
After talks in Brussels, the ministers published a statement saying they had agreed the technicalities of what would be the [...]
EU executive to put Greek plan to finance ministers »
(Reuters) – The European Union’s executive said on Monday it was ready to propose a framework that could be used to aid Greece, despite signs of continuing reluctance from France and Germany to make concrete commitments.
Ministers were expected to discuss the possibility of providing loan guarantees or bilateral loans to help Athens finance its [...]
Allied Irish sees first FY loss, capital plan vague »
Allied Irish sees first FY loss, capital plan vague
ALBK.I
) posted its first ever full-year net loss, after being burned in a property market crash, and did not offer any exact guidance on when or how it would restore profits and its capital base.
Allied Irish, in which the government last year acquired a [...]
Greek slump threatens debt plan, EU aid elusive »
Greek slump threatens debt plan, EU aid elusive
Greece’s economy shrank more than feared last quarter and the government on Friday sharply revised down its figures for the previous three quarters as well, increasing doubts about its ability to resolve its debt crisis.
Euro zone sources preparing for meetings of the region’s finance ministers [...]