Bailouts
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DETROIT, May 20- The launch of General Motors Co's redesigned Chevrolet Silverado, the most important since the automaker's bankruptcy and $50 billion taxpayer-funded bailout in 2009, is on track and advertising for its full-size trucks should begin in a few weeks, a top GM executive said on Monday.
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DETROIT, May 20- The launch of General Motors Co's redesigned Chevrolet Silverado, the most important since the automaker's bankruptcy and $50 billion taxpayer-funded bailout in 2009, is on track and advertising for its full-size trucks should begin in a few weeks, a top GM executive said on Monday.
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ATHENS, Greece-- Greece has raised 1.3 billion euros in a treasury bill auction held after the country's bailout lenders approved the payment of a new batch of rescue loans. Eurozone finance ministers in Brussels late Monday approved the next batch of 7.5 billion euros in loans to Greece, citing progress in the country's deficit cutting program.
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Harris Georgiades, Cyprus finance minister, comments on Cypriot reforms, discussions with Russia, capital controls and why he expects the first installment of the bailout shortly.
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Postmaster General Patrick Donahoe said the Postal Service would require a taxpayer bailout in excess of $47 billion by 2017, unless Congress acted. The Postal Service needed to save $20 billion annually by 2016, he said.
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ISLAMABAD, May 9- Whoever wins Pakistan's elections has a fight on their hands- not just against the Taliban, but negotiating with international backers to provide a multi-billion-dollar bailout for a country that has habitually used aid as a crutch to avoid reform.
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Bundesbank chief Jens Weidmann said the ECB is still able to take policy action to address the euro zone crisis, a German newspaper reported on Thursday.
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CNBC's Rick Santelli offers insight on the 10-year notes up for auction.
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*Local govt in Hubei pays off debt for steel company. Dealing with the systemic risk posed by local government debt is seen as one of the key priorities for the administration of China's new president, Xi Jinping.
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*MSCI share index at highest since 2008; DAX at record high. NEW YORK, May 7- Major stock indexes in Germany and the United States hit all-time highs on Tuesday after data bolstered expectations that Germany has returned to growth, while a successful bond sale in Portugal indicated the country is on track to exit its bailout.
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*Slovenia trying to show it has strategy to raise funds. LJUBLJANA, May 6- Slovenia is looking to sell its largest telecoms operator and second largest bank, sources said, as it steps up efforts to shore up its finances and avoid an international bailout.
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WASHINGTON, May 6- The Treasury Department said on Monday it will begin another round of sales of the General Motors Co stock it acquired during the government's bailout of the U.S. auto sector. GM executives have chafed under the tag of " Government Motors" since its 2009 government-sponsored bailout and bankruptcy that left the U.S.
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LJUBLJANA, May 6- Slovenia is looking to sell its largest telecommunications operator and second largest bank, sources said, as its steps up efforts to shore up its finances and avoid a bailout. The Bank of Slovenia on Monday urged the government to speed up privatisations in sectors where "the market is more effective than state ownership" but gave no details.
