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By Joseph Ciolli, Bloomberg |
March 18, 2013
The euro slid the most in 14 months against the dollar after a proposed levy on bank deposits in Cyprus threatened to worsen the European debt crisis.
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By Marc Nemenoff |
March 18, 2013
The imposition of a levy on Cypriot bank deposits has sent the market once again in “risk-off” mode as participants headed for safety in U.S. Treasuries.
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By Stephen Kirkland and Jason Clenfield, Bloomberg |
March 18, 2013
The euro weakened to its lowest level this year, while stocks and commodities slumped, as an unprecedented levy on Cyprus’s bank savings threatened to throw Europe back into crisis.
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By Phil Flynn |
March 18, 2013
Crude oil fell as fears mount that Europe will fall into turmoil. Cyprus, the IMF and the European Central Bank hatched a plan to raise €5.8 billion from taxes on depositors by raiding their accounts to save Cyprus' failing banks.
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By Jonathan Stearns, Bloomberg |
March 12, 2013
The European Union completed a framework for tougher controls on spending by euro-area governments in a German-led bid to prevent a repeat of the debt crisis that has threatened to break apart the single currency.
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By Michael Shanahan and Rita Nazareth, Bloomberg |
February 27, 2013
Stocks rallied, sending the Dow Jones Industrial Average to the highest since October 2007, as Italy sold debt amid political turmoil and U.S. data bolstered confidence in the world’s largest economy.
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By Anthony Lazzara |
February 26, 2013
The euro has sold off sharply recently, likely based on concerns over Italy’s fiscal future with the election uncertainty.
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By Rainer Buergin and Joseph de Weck, Bloomberg |
February 20, 2013
German Chancellor Angela Merkel dismissed attempts to manipulate exchange rates, saying the present value of the euro against the dollar is within the currency’s normal range.
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By Stefan Riecher, Bloomberg |
February 7, 2013
The European Central Bank left interest rates unchanged even as a stronger currency threatens the euro area’s recovery from recession.
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By John Detrixhe and Joseph Ciolli, Bloomberg |
February 6, 2013
The euro fell toward a one-week low versus the dollar as European Central Bank policy makers prepared to meet tomorrow amid political and banking turmoil that threatens to renew the region’s sovereign-debt crisis.
