From Wall Street Journal Greece and its private sector creditors said Saturday they were on the verge of a deal to write off €100 billion ($132 billion) worth of the country’s debt, pending the outcome of separate talks on a new, multi-billion euro bailout for Athens. In separate statements, Greece and the creditors [...]
Greek Debt Deal to be Completed this Week
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Global miner BHP take a 58% price cut in coal
BHP Billiton has agreed to a 58% price cut for the coal it sells to major steel makers. This is pretty much in line with the expected cut of 60% analysts had forecast. The deal signals a looming price cut in other main steel making ingredient, Iron ore. The 58% cut in price equates to a benchmark...
Susquehanna Says Buy Walgreen April $33 Calls On Potential Volatility
Susquehanna released a note to clients advising to buy Walgreen (NYSE:WAG) April $33 calls as the stock may rise in the wake of an FTC...
Canada’s GDP falls 5.4% in 1st Quarter, most since 1991. CAD falls in Currency Trading
Monday, June 1st - The Canadian Gross Domestic Product decreased in the first quarter of 2009 by the most since...
JPY, USD firmer in Asian trade
The JPY and USD have firmed in overnight Asian trade, with risk aversion slightly heightened, and with Asian stocks posting losses. EUR/USD is down at 1.3865 from a North American close Monday around 1.3900, while EUR/JPY is down at 136.10 from around 136.95. Asian market seems to have picked up...
Dollar Up Against the Pound as Business Lobby Cuts Growth Forecast for UK
By TraderVox.com The dollar increased against the sterling pound after the British Chamber of commerce cut its growth forecast for the UK...