U.S. and European stock markets dropped sharply Monday on fears of a Greek debt default. U.S. stocks opened lowered, with the Dow Jones Industrial Average, the S&P 500 and the NASDAQ all down about 2 percent. In afternoon trading in Europe, London’s Financial Times 100 index is down 2.1 percent. The CAC-40 in Paris is […]
IMF Pressures Greece on Budget Austerity
Posted September 19th, 2011 at 10:01 am (UTC-5)
The International Monetary Fund is increasing pressure on Greece to carry out its budget austerity measures if it hopes to receive more financial assistance to avoid defaulting on its loans next month. The IMF’s representative in Greece, Bob Traa, said Monday that the Athens government must quickly sell some state-owned operations to private ventures and […]
IMF Pressures Greece on Budget Austerity
Posted September 19th, 2011 at 9:00 am (UTC-5)
The International Monetary Fund is turning up the pressure on Greece to carry out its budget austerity measures if it hopes to receive more financial assistance to avoid defaulting on its loans next month. The IMF’s representative in Greece, Bob Traa, said Monday that the Athens government must quickly sell some state-owned operations to private […]
US, Europe Stock Markets Advance in Wednesday Trading
Posted September 14th, 2011 at 4:25 pm (UTC-5)
Major U.S. and European stock indexes advanced on Wednesday. The Dow Jones Industrial Average ended up 1.3 percent to close at 11,247. The broader S&P 500 index closed up 1.4 percent to finish at 1,189. The technology-laden NASDAQ advanced 1.6 percent to end at 2,573. European stocks also closed higher. London’s Financial Times index ended […]
US, Europe Stock Markets Advance in Wednesday Trading
Posted September 14th, 2011 at 12:45 pm (UTC-5)
Major U.S. stock indexes advanced in midday trading Wednesday. The Dow Jones Industrial Average is up three-tenths of one percent, while the broader S&P 500 index is ahead four-tenths of a percent. The NASDAQ is up three-quarters of a percent. European stocks closed higher. London’s Financial Times index ended one percent higher at 5,227. The […]
US Stocks Mixed in Midday Trading Tuesday
Posted September 13th, 2011 at 12:55 pm (UTC-5)
U.S. stock indexes are mixed in midday trading Tuesday. The Dow Jones Industrial Average is off one-tenth of a percent, while the S&P 500 is up three-tenths of one percent. The NASDAQ is ahead seven-tenths of a percent. European stocks closed higher. London’s Financial Times index finished ahead nine-tenths of one percent to end at […]
Merkel: Europe Must Avoid ‘Uncontrolled’ Greek Default
Posted September 13th, 2011 at 11:35 am (UTC-5)
German Chancellor Angela Merkel says the 17-nation bloc that uses the euro currency must do everything it can to avoid an “uncontrolled insolvency” by Greece. The German leader said Tuesday that the effects would be far-reaching if Athens defaults on payments for its international bailout loans. She said the danger is “very big” that with […]
US Stocks Mixed in Early Trading Tuesday
Posted September 13th, 2011 at 10:20 am (UTC-5)
U.S. stock indexes are mixed in early trading Tuesday. The Dow Jones Industrial Average is off four-tenths of a percent, and the S&P 500 is down two-tenths of one percent. The NASDAQ is up two-tenths of a percent. European stock prices are advancing in afternoon trading. London’s Financial Times index is ahead six-tenths of one […]
US Stocks Fall in Midday Trading Monday
Posted September 12th, 2011 at 1:00 pm (UTC-5)
U.S. stock indexes slid in midday trading Monday, following bigger losses on key exchanges in Europe and Asia. The Dow Jones Industrial Average of 30 key stocks is off nine-tenths of one percent, while the broader S&P 500 is down eight-tenths of one percent. The technology-laden NASDAQ is down three-tenths of a percent. European stock […]
World Markets Tumble on Greek Default Fears
Posted September 12th, 2011 at 11:02 am (UTC-5)
World stock markets and the value of the euro plunged Monday as investors worried that Greece would not be able to pay back its bailout loans. European shares hit their lowest point in more than two years, with exchanges in London, Paris and Frankfurt all falling sharply. German Economy Minister Philipp Roesler said Europe could […]
