Standard and Poor's upgraded Greece's credit rating to "B-" from "CCC+" with a stable outlook, citing its reform progress.» Read More
Once passed, the bill will be signed into law and then presented to the Euro Zone meeting on Friday night. There is likely to be a constitutional challenge to the agreement, but this will not impede the flow of money to Greece.
The US stock market could be in for another rough day as investors grew nervous over uncertainty in the European debt crisis.
The European Union and the I.M.F. have yet to show the flexibility, political courage and teamwork needed to solve its debt crisis, the New York Times reports.
U.S. markets will more likely heed the words of European Central Bank President Jean-Claude Trichet than Fed head Ben Bernanke Thursday.
He thinks they’re close. Read on for his two favorites in the group.
The U.S. economic recovery "will be hampered" by the continuing European debt crisis, chief economist John Silva of Wells Fargo told CNBC Wednesday.
Investments in debt-stricken Europe are “undervalued,” “unloved” and “now oversold,” Barton Biggs, the managing partner at Traxis Partners hedge fund, told CNBC Wednesday.
The acceleration of the European debt crisis was as good a reason as any for a stock market selloff that analysts say was long overdue anyway.
The European debt crisis likely will not end until the euro collapses as a currency and takes the entire European Union with it, said hedge fund manager Dennis Gartman.
The ink was barely dry on the $150 billion EU/IMF bailout of Greece when world stock markets tanked on two major fears.
Last Friday, I stated that the vote this week on Friday in Germany was analogous to what occurred in the US Congress leading up to the TARP vote. The uncertainty would drive down the Euro and raise questions over the viability of the union. Now, we’re seeing another aspect arise: attempting to scare the German politicians into voting yes.
The big rating agencies are no longer very useful to investment companies such as the world's biggest bond fund manager PIMCO, which can be quicker to anticipate shifts in credit quality of debt, the company said on Wednesday.
Three people have been killed in a petrol bomb attack on a bank in central Athens, as protests in the capital over the government's spending cuts turned violent.
The market is already beginning to ask if the German public and the EU have the stomach for a rescue package for Portugal, Spain, Ireland and even for Italy.
This regional bank said as much on its latest conference call. Check out Cramer’s interview with the CEO for the full story.
Greece is unlikely to return to the international capital markets before next year and will use funds from its international emergency rescue package to finance its debt in the meantime, its finance minister told the Financial Times.
There's a whiff of volatility back in the markets, and that could mean a choppier trading environment for now.
And they’ll protect you from a slew of other negatives the bears are throwing around, too.
The spike in volatility could be a warning sign that stock investors will have to change their strategies as global risk intensifies.
The entire premise of the EMU is in question and must be resolved. Either the EU integrates further or dissolves.