Tuesday, May 29, 2012

Spain Prime minister defiant over €19bn Bankia rescue, Athens leaving single currency ???

Daily economic news and latest update from Eurozone we reporting from Madrid, Spain says help not needed to save banks, Prime minister defiant over €19bn Bankia rescue, sending the country's borrowing costs over Germany's to the highest level since start of the euro

Stocks steady as Grexit fears diminish
Growth-focused assets find their feet after polls showing Greece's pro-bailout parties gaining support ease fears about Athens leaving single currency, some hectic news from Athens

Another hot news, Cyberwar fears after bug targets Tehran, The Flame spying virus collects sensitive information and is the most sophisticated yet seen, leading experts to believe it was made by a nation state

Meanwhile, Annan calls for 'bold steps' from Assad, As attacks by regime forces were reported in Hama, Kofi Annan said he had been 'shocked and horrified' by the Friday massacre in Houla

Latest news from Eurozone Crisis, Euro slide could bring timely fillip
On a rough rule-of-thumb, a 10 per cent fall in the euro's trade-weighted value should boost economic growth by about 0.5 percentage points or more

Hot news from Japan's fourth-largest bank, Sumitomo Mitsui in insider trading probe, Japan's fourth-largest bank by market capitalisation says it is co-operating with a probe into allegations of insider trading by an employee

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