Nathan Andrada – Fourth Estate Cooperative Contributor Brussels, Belgium (4E) – European Central Bank (ECB) president Mario Draghi has once again made remarks that support a move by the bank to help struggling euro zone countries through purchase of government bonds that have maturity of three years or less. Several European MPs have revealed that [...]
Posts Tagged ‘debt’
ECB president Mario Draghi raises possibility of 3-year government bond purchases
September 4th, 2012 
admin 
Posted in Bonds 
Tags: Central, Cooperative, debt, ecb president, government bonds, mario draghi, monetary policy instruments, President, support 
No Comments »Manchester United has tepid NY stock market debut
August 11th, 2012 admin Fitzgerald Cecilio – 4E Sports Reporter New York, NY, United States (4E Sports) – Manchester United did not perform as expected during its much-anticipated stock market debut Friday, raising just $ 234 million from 16.7 million shares to finance the debt-riddled team. The team (MANU.N) opened at $ 14.05 per share on the New York [...]
Posted in Stock Market Tags: debt, ed woodward, half, IPO, london stock exchange, los angeles dodgers, number, stock market debut, team No Comments »Emails Give Glimpse Into Deals That Fueled Financial Meltdown
August 6th, 2012 admin ProPublica Staff NY, NY, United States (ProPublica) – by Jesse Eisinger and Jake Bernstein As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the hedge fund also bet against. The more than $ 40 billion of deals helped fuel the crash [...]
Posted in Bonds Tags: bank intesa, debt, executive, Intesa, intesa san paolo, jesse eisinger, Lawsuit, mdash, wall street banks No Comments »AT&T bolsters mobile Internet service with purchase of NextWave Wireless Inc.
August 5th, 2012 admin Telecommunications company AT&T acquired NextWave Wireless Inc. for $ 600 million in cash. The deal expects AT&T to improve its mobile Internet service. The amount reached $ 600 million because AT&T also took on NextWave’s debt of $ 550 million. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
European Central Bank (ECB) president Draghi readies bond buying plan but offers no specifics
August 3rd, 2012 admin Nathan Andrada – Fourth Estate Cooperative Contributor Frankfurt, Germany (4E) – European Central Bank (ECB) president Mario Draghi on Thursday revealed the possibility of the ECB intervening in the bond market to battle the crisis, although he never offered any concrete action. People expecting for a grand solution were left disappointed by Draghi’s statement in [...]
Posted in Bonds Tags: announcement, bank, Central, debt, ecb president, european stock markets, governing council meeting, mario draghi, President No Comments »South Korea’s central bank cuts policy rate to 3%
July 13th, 2012 admin Nathan Andrada – Fourth Estate Cooperative Contributor Seoul, South Korea (4E) – The South Korean central bank surprised the markets on Thursday by lowering its key benchmark interest rate by 25 basis points citing worsening economic conditions in the U.S. and Europe, along with softening demand for local goods in emerging markets. Economists see this [...]
Posted in Stock Market Tags: cent, Cooperative, debt, global economic uncertainty, hang seng index, index, major stock indexes, news, south korean economy No Comments »Fitch downgrades Japan’s credit rateing
May 23rd, 2012 admin Linda Young – Fourth Estate Cooperative Writer Tokyo, Japan (4E) – Ratings agency Fitch downgraded Japan’s sovereign credit rating Tuesday from an AA to A+ and warned that further downgrades might be necessary. That is still an investment grade rating, but it is just above the ratings of troubled Italy and Spain. It was the [...]
Posted in Stock Market Tags: addition, agency, Cooperative, credit rateing, debt, economy, germany news, target, tokyo japan No Comments »OECD says Europe’s debt crisis could hamper global economic recovery
May 23rd, 2012 admin The biggest threat to recovery for the global economy is Europe’s sovereign debt, the Organization for Economic Cooperation and Development warned Tuesday. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
Posted in Business World Tags: 'threat', business, Cooperation, debt, debt crisis, economic cooperation, economy business, global economy, rights No Comments »Fitch downgrades Greek sovereign debt
May 18th, 2012 admin Linda Young – Fourth Estate Cooperative Writer Athens, Greece (4E) – Fitch Ratings downgraded the credit rating of Greece’s government again on Thursday. Greece’s credit rating dropped from a B- to a CCC, which puts it deeper into junk bond territory. That means many investors cannot buy Greek debt even if they thought it was [...]
Posted in Bonds Tags: athens greece, cannot, caretaker government, CCC, Cooperative, debt, economic and monetary union, junk bond, Territory No Comments »European Commission sees contraction in eurozone
May 12th, 2012 admin The European Commission predicts the eurozone economy will shrink this year as the region’s debt crisis continues to take its toll. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
Posted in Business World Tags: business, contraction, debt, debt crisis, economy business, european commission, finance, region, rights No Comments »