France, Spain In Mutual Support On Liquidity,Banks,Growth Ahead Of EU Summit - Wall Street Journal


Globe and Mail
France, Spain In Mutual Support On Liquidity,Banks,Growth Ahead Of EU Summit
Wall Street Journal
"We have convergent positions on two priorities, the first one is to inject liquidity in the European financial system, and make sure that all European banks can be strengthened...Also, we are aware that growth must be on our agenda," Hollande said at ...
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Spain to Recapitalize BFA-Bankia as Lender Needs $11 Billion - Bloomberg

Spain to Recapitalize BFA-Bankia as Lender Needs $11 Billion
Bloomberg
Spain will recapitalize BFA-Bankia (BKIA) with as much public money as necessary, as the nationalized group needs at least 9 billion euros ($11 billion) to comply with banking rules, Economy Minister Luis de Guindos said. Two decrees passed this year ...

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NetApp's Europe Exposure Leads To Warning, Stock Selloff - Wall Street Journal

NetApp's Europe Exposure Leads To Warning, Stock Selloff
Wall Street Journal
NEW YORK -(Dow Jones)- NetApp Inc. (NTAP) on Wednesday joined a growing list of technology companies issuing bleak financial guidance, citing ongoing economic uncertainty--especially in Europe--for a disappointing current-quarter outlook.

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TEXT-Fitch: Japan's Major Banks on RWN on Sovereign Downgrade - Reuters

TEXT-Fitch: Japan's Major Banks on RWN on Sovereign Downgrade
Reuters
A full list of rating actions is provided below. The Long-term IDRs of Japan's major banks are currently support-driven and at their Support Rating Floors of 'A'. The RWN on the Support Rating Floor reflects the government's reduced flexibility to ...

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European Stocks Decline Amid Greek Concern; LSE, Burberry Tumble - San Francisco Chronicle

European Stocks Decline Amid Greek Concern; LSE, Burberry Tumble
San Francisco Chronicle
German Chancellor Angela Merkel has been unable to stifle calls for measures she opposes, including euro bonds, the use of European money to recapitalize banks, a bigger rescue fund and extra time for debt-swamped countries to cut spending.

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Poland, Turkey offer higher risk, more reward - MarketWatch

Poland, Turkey offer higher risk, more reward
MarketWatch
Analysts are still calculating potential fallout for developed Europe of a breakup of the euro zone, but Poland especially is vulnerable, as European banks will pull capital from the area, said Lasov. WIG 20 index screen at the Warsaw Stock Exchange.

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MARKET COMMENT: Banks, Drug Makers Lift European Stocks, Spain Off - Wall Street Journal


New York Times
MARKET COMMENT: Banks, Drug Makers Lift European Stocks, Spain Off
Wall Street Journal
By Barbara Kollmeyer and Sara Sjolin LONDON (Dow Jones)--Most European stock markets inched higher in Monday's choppy session, partly recovering from the prior week's steep losses, though Spanish markets were under pressure as investors continued to ...
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TEXT-S&P cuts Tunisia's rating to 'BB/B' - Reuters

TEXT-S&P cuts Tunisia's rating to 'BB/B'
Reuters
We assign a recovery rating of '3' on the Central Bank of Tunisia, indicating a "meaningful" (50%-70%) recovery range in case of default. -- The stable outlook reflects our expectation that, despite uncertainties, the ongoing transition to the 2013 ...

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Raiffeisen Quarterly Net Probably Rose on One-Time Gain - Bloomberg

Raiffeisen Quarterly Net Probably Rose on One-Time Gain
Bloomberg
Sales of financial investments led to a 150 million-euro gain, it said in the same list. Raiffeisen and its parent Raiffeisen Zentralbank Oesterreich AG have narrowed a 2.1 billion-euro capital shortfall determined by the European Banking Authority by ...

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For Europe's Banks, Pinch of Debt Crisis Intensifies - New York Times


New York Times
For Europe's Banks, Pinch of Debt Crisis Intensifies
New York Times
By MARK SCOTT After a strong rally in Europe's stock and bond markets in the first three months of the year, financial institutions are again gearing up for fallout from the economic instability caused by the sovereign debt crisis. Top of the list is ...
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