Business Braces for Europe's Worst
Thu, 31 May 2012 17:02:52 -0700

By vanessa fuhrmans and dana cimilluca as European officials race to quell fears that Greece may exit the euro, many companies doing business in the troubled country are preparing for the worst. Most executives, analysts and others agree on one thing: ...

Greek conservatives promise lower taxes
Thu, 31 May 2012 21:39:20 -0700

Greece's conservatives on Thursday promised voters tax relief if they win a crucial general election, insisting that existing austerity measures can be made fairer, despite growing concern over the country's future in the euro.

Europe Fears Bailout of Spain Would Strain Its Resources
Wed, 30 May 2012 12:46:37 -0700

London the urgent question of who will provide the money that Madrid needs to stay in business has become the latest challenge for European policy makers, as Spain fast eclipses Greece as the focus of the euro zone debt crisis.

As fears about Europe's future worsen, the Dow closes down
Wed, 30 May 2012 15:04:36 -0700

By Daniel Wagner, AP Business writer / May 30, 2012 A contractor firefighter stands outside Greece's top court during a protest in central Athens on May 30, 2012. The European Union turned up pressure on Greece , warning it must step up reforms to keep ...

Turmoil in Greece : Could Entrepreneurs Save Europe's Economy?
Fri, 01 Jun 2012 02:46:40 -0700

By Small Business News Ongoing problems in Greece , including a growing movement to reject massive spending cuts some see as forced upon the country in return for international aid, could further threaten economic recovery for the European Union.

Top insurer pulls cover for exports to Greece
Wed, 30 May 2012 09:34:28 -0700

"Euler Hermes has decided no longer to cover deliveries to Greece for the foreseeable future," a Euler Hermes spokesman told Reuters on Wednesday. Existing contracts will be honored, but Euler Hermes will not underwrite any new Greek business , ...

S&P 500 trims decline on Greece , report on IMF talks on Spain
Thu, 31 May 2012 12:24:23 -0700

US stocks trimmed losses as a Greek opinion poll showed support for the largest pro-bailout party and a report indicated the International Monetary Fund has started discussing contingency plans for a rescue of Spain. Joy Global Inc. sank 6.3 percent as ...

Why Greece matters to NZ
Thu, 31 May 2012 10:01:39 -0700

OPINION: This month's National Bank business outlook showed business confidence has fallen - the first drop in 7 months. A net 27 per cent of respondents, down from 35.8 per cent the previous month, expected business conditions to improve over the ...

Debt Strains Hit Big Greek Lenders
Thu, 31 May 2012 18:54:59 -0700

By stelios bouras, alkman granitsas and nektaria stamouli athens greece's deepening crisis has dealt a further blow to the country's four largest lenders, as bad debts ballooned and they struggled to hold onto nervous savers worried over the country's ...

European Stocks Fall as U.S. Jobless Claims Rise, Business Slows
Thu, 31 May 2012 09:15:12 -0700

May 31 (Bloomberg) -- European stocks fell, with the Stoxx Europe 600 Index posting its biggest monthly drop since August, as reports showed the number of Americans applying for unemployment insurance payments rose last week, and US business activity ...

India Policy Freeze Saps Funds as Greek Fallout Threatens Growth
Wed, 30 May 2012 14:19:47 -0700

A Greek exit from the euro could see growth in Asia's third-largest economy careen to a rate unseen in a decade, according to Bank of America Merrill Lynch. Morgan Stanley sees 59 percent odds that the rupee, already Asia's worst performer in the past ...

Greece ETF Was The Biggest Decliner In A Rough May
Thu, 31 May 2012 15:55:09 -0700

By TRANG HO, INVESTOR'S business daily greece led a global sell-off in May in the face of the eurozone debt crisis and doubts over China's growth. Performance for the month was in stark contrast to April, when ETFs tracking Vietnam, natural gas and ...

Greece's Fight Against Late Night Literacy
Thu, 31 May 2012 08:12:00 -0700

Perhaps part of Greece's problem is it's illegal to sell books after 6 PM. That's not the only problem, but it's possibly emblematic of deeper issues. No, not debt issues. Yes, Greece has a lot of debt relative to GDP and its interest rates made it ...

Greeks would lose half income with euro exit, bank warns
Tue, 29 May 2012 10:22:14 -0700

By AP business staff View full size Associated Press A woman walks outside a branch of Eurobank in Athens on Tuesday. The four biggest Greek banks received 18 billion euros (US$22.6 billion) in rescue funds on May 28 to help reinforce their capital ...

Greek caretaker PM: Business should keep deposits, investments in Greece
Thu, 31 May 2012 09:39:30 -0700

Business should be a pillar of stability Fiscal stability must be paired with Growth Euro area must take brace steps toward real unity Be calm and carry on... The opinions and analysis offered on Forexlive are for educational purposes only and clients ...

Europe worries stalk Wall Street; Dow loses 161
Wed, 30 May 2012 14:17:32 -0700

With Spain's banking system teetering and Greece's political future unclear ahead of crucial elections next month, European stocks lost even more. The euro dropped below $1.24, to its lowest point since the summer of 2010. "Everyone's just afraid that ...

Greek caretaker PM: Business should keep deposits, investments in Greece
Thu, 31 May 2012 09:39:30 -0700

Business should be a pillar of stability Fiscal stability must be paired with Growth Euro area must take brace steps toward real unity Be calm and carry on... The opinions and analysis offered on Forexlive are for educational purposes only and clients ...

Europe worries stalk Wall Street; Dow loses 161
Wed, 30 May 2012 14:17:32 -0700

With Spain's banking system teetering and Greece's political future unclear ahead of crucial elections next month, European stocks lost even more. The euro dropped below $1.24, to its lowest point since the summer of 2010. "Everyone's just afraid that ...

Greece Finding Crude Oil Increasingly Hard to Come By
Thu, 31 May 2012 02:31:04 -0700

By Sarah Kent and Jenny Gross Greek refiners are finding fewer willing sellers of crude oil as suppliers wary of the country's economic situation avoid doing business there, people familiar with the situation said. The issue extends beyond the supply ...

World stocks inch higher on Greek vote hopes
Mon, 28 May 2012 21:38:40 -0700

"The response has so far been very muted because these things could easily wax and wane over the course of the next two weeks," said Spooner. "One of the key drivers for investors will be trying to assess what the outcome of Greek election may be.