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World stocks sink on worries over US recovery, stability of euro common currency
BANGKOK - World stocks fell Friday after credit downgrades slapped on Spanish banks unnerved investors already worried about the stability of the 17-country euro currency union. The fall in European shares followed a sharp downturn in Asia where markets were also rattled by weak U.S. manufacturing f
Read more...Rupee at 'attractive' levels: C. Agricole
Reuters Market Eye - Rupee is trading at "attractive fundamental levels," says Credit Agricole, in rare positive call amid a recent slew of analyst warnings about the currency. Rupee has seen ...
Read more...US Dollar Makes a Break to 16-Month Highs as Fear Creeps In
US Dollar Makes a Break to 16-Month Highs as Fear Creeps In
Read more...World stock markets sink on US, Europe worries
World stocks fell Friday after credit downgrades slapped on Spanish banks unnerved investors already worried about the stability of the 17-country euro currency union.
Read more...Wall Street banks facing second-quarter slowdown: analyst
(Reuters) - Wall Street banks will report sharp declines in trading and investment banking revenues in the second quarter because of weaker client activity, JPMorgan analyst Kian Abouhossein said in a report on Friday. Fixed income, currency and commodities trading revenue is likely to be particularly challenged for a group of banks including Goldman Sachs Group Inc and Morgan Stanley , dropping ...
Read more...East Europe wary of fresh euro bank crunch
LONDON (Reuters) - A new banking crunch in the euro zone risks another sharp retreat by western parent banks from vulnerable economies in central and eastern Europe, a process that must be slowed to preserve growth, officials from the region said on Friday. Rising speculation that Greece will leave the single currency and a mass downgrade of Spanish banks' credit ratings late on Thursday have ...
Read more...Euro Drops against Dollar and Yen: What would be the Future of Single Currency after G8?
Euro is treading in negative territory due to concerns of Greece crisis contagion.
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