Congress Bailouts

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  • *Irish economy outperforms euro zone peers, France lags. LONDON, Jan 13- Ireland's remarkable economic recovery following a 2010 bailout may soon push its borrowing costs below those of France but its less liquid debt means it is unlikely ever to become a "core" euro zone credit. Irish growth, budget deficit and borrowing figures all look better than those of France,...

  • *Reform is a condition for Greece to conclude bailout review. ATHENS, Jan 9- Greece's leftist government will be able to push through a crucial pension reform in parliament, part of measures the country has agreed to under its international bailout, the deputy prime minister said in a newspaper interview released on Saturday. Greece has drafted a proposal to...

  • ATHENS, Jan 9- Greece's leftist government will be able to push through a crucial pension reform in parliament, part of measures the country has agreed to under its international bailout, the deputy prime minister said in a newspaper interview released on Saturday. Hundreds of Greek pensioners and workers marched in central Athens on Friday to protest against...

  • BRASILIA, Dec 22- Brazil's new finance minister, Nelson Barbosa, said on Tuesday that he sees no need to inject capital into debt-laden Petroleo Brasileiro SA as new management of the state-run oil company seeks to revive its finances. His position on Petrobras, as the company is known, echoed that of his predecessor, Joaquim Levy. Since being appointed on Friday...

  • FRANKFURT/ BRUSSELS, Dec 22- New European Union rules on bank rescues, aimed at ending spectacular bailouts with public money, are already facing a political backlash on worries they may end up hurting small, unsophisticated investors. The directive was a central part of Europe's response to the global financial crisis, which saw hundreds of billions of euros of...

  • KIEV, Dec 18- The International Monetary Fund said on Friday it was concerned by signs Ukraine's parliament might reject a proposed tax code and budget for 2016, warning that this could further disrupt its $17.5 billion bailout programme. Vice President Joe Biden last week, who in a speech to parliament urged lawmakers to put aside political differences and...

  • ATHENS, Dec 11- Greece and its international lenders have agreed on a set of reforms needed for Athens to receive 1 billion euros in fresh loans under its bailout, Greek Finance Minister Euclid Tsakalotos told reporters on Friday. The reforms relate to the structure of a new privatization fund whose revenues will be used to boost investment and pay down the...

  • LONDON, Dec 10- Greece was the best government bond investment in the euro zone this year despite almost leaving the currency bloc in a dispute over its third financial rescue while Finland, a champion of fiscal responsibility, lost the most money for investors. Meanwhile Finland, which threatened to stay out of Greece's third bailout, has lost its allure as an...

  • Greek banks could get ECB cash before bailout review Thursday, 3 Dec 2015 | 12:57 PM ET

    FRANKFURT/ ATHENS, Dec 3- Greek banks could return to normal European Central Bank funding before international lenders conclude a first review of the country's new bailout programme early next year, the euro zone's central bank said on Thursday. Asked when the ECB would restore a waiver to let Greek banks participate in its liquidity tenders, ECB...

  • RIGA/ PARIS, Dec 2- Sleek in blue and white livery under a hangar spotlight at Riga airport, a single Bombardier CSeries jet symbolizes a rebirth for both the Latvian flag carrier and the planemaker. But the airline's growth hangs in the balance as Latvia's parliament prepares to vote on an 80- million-euro lifeline needed to pay for the jets, with implications for...

  • DUBLIN, Dec 1- Ireland slashed its year-end budget deficit forecast on Tuesday to 1.7 percent of gross domestic product from 2.1 percent, as the tax take in Europe's fastest growing economy far exceeded expectations in November. That would leave Ireland with a deficit close to half the 3 percent target set under its EU-IMF bailout in 2010, which rescued the...

  • WASHINGTON, Nov 30- The Federal Reserve Board on Monday adopted a rule that stops it from bailing out individual companies, a change that Congress demanded after the central bank's controversial decision to help rescue American International Group and others during the financial crisis. Fed Governor Daniel Tarullo said during the meeting that the...

  • MOSCOW, Nov 30- The head of Russian state development bank VEB, Vladimir Dmitriev, may be removed from his post after the lender asked the government for a $20 billion bailout to fill gaps in its balance sheet, a source at the bank and Russian media said. Russia's Vedomosti newspaper cited unnamed sources in the banking sector and the government as saying planning...

  • The Fed set to adopt new rules Monday, 30 Nov 2015 | 10:00 AM ET
    The Fed set to adopt new rules

    New regulations would not allow emergency loans to be given to individual companies.

  • *Opposition parties reject call for broader consensus. ATHENS, Nov 28- Prime Minister Alexis Tsipras failed to secure the backing of Greek opposition parties on Saturday for tough pension reforms the country has promised to submit by December under its international bailout. But Athens needs to introduce deeper reforms by the end of the year to make its ailing...

  • *Also faces heavy losses from Ukraine investments. MOSCOW, Nov 27- A $20 billion bailout request from Russia's state development bank is raising questions about the running of a lender which helped fund the Sochi Olympics in 2014.. The descendent of a Soviet foreign trade bank, Vnesheconombank or VEB assumed a bigger role in 2007 when Russia designated it as the...

  • HONG KONG, Nov 27- China's state stockpiler is considering buying more than 1 million tonnes of aluminum from local smelters, sources said on Friday, an initial sign that Beijing could agree to the first major bailout in its embattled metals industry since 2009.. The potential purchase, worth over $1.5 billion at current prices, would be part of a broader plea for...

  • $400 billion ripoff threatens Greek bailout Tuesday, 24 Nov 2015 | 9:00 AM ET
    $400 billion ripoff threatens Greek bailout

    Foreign investment funds took control of four of the country's largest banks, diluting state-owned ownership.

  • NEW YORK, Nov 23- A mountain of peanuts is piling up in the U.S. south, threatening to hand American taxpayers a near $2- billion bailout bill over the next three years, and leaving the government with a big chunk of the crop on its books. First, the U.S. Department of Agriculture is paying farmers most of the difference between the "reference price" of $535 per ton and...

  • AMSTERDAM, Nov 20- ABN Amro share rose as the Dutch bank returned to the Amsterdam stock exchange on Friday, valuing the state-owned lender at 3.3 billion euros in the largest European bank listing since the financial crisis of 2007-2009.. ABN was a much larger bank in 2007, when it was carved up in a 71 billion euro hostile acquisition by Royal Bank of Scotland,...