Posts Tagged ‘rescue’

Eurozone leaders to lend Spain up to $125 billion

Eurozone finance ministers came to Spain’s rescue Saturday, agreeing to lend the ailing nation as much as $ 125 billion to bolster its banks hinging on collapse. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Questions loom as Europe inks new Greek bailout

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Eurozone finance ministers agreed to a €130 billion rescue for Greece on Tuesday, averting a messy default, by forcing Athens to commit to unpopular cuts and private bondholders to take big losses. The complex deal was inked in lengthy overnight agreements. It […]

U.S. stocks down as Germany rejects merge of rescue funds

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks fell Wednesday after Germany rejected combining current and permanent euro-area rescue funds, and expressed pessimism over the outcome of a European Union Summit in Brussels that starts Thursday. Shorty after the market open, the Dow Jones Industrial Average fell 80 […]

Sprinklers save apartment residents from serious fire damage

Las Vegas Fire and Rescue credits an apartment sprinkler with containing a fire and sparing the residents from being displaced for the holidays. View full post on Business Stories

Merkel rejects debt crisis proposals

German chancellor says EU’s €440bn rescue fund is big enough and that the bloc’s treaties does not allow for the creation of a Europe-wide bond View full post on UK Business Stories

Ireland in debt crisis talks with EU

Officials of debt-burdened Ireland’s government are in talks with other European Union governments about how to handle its troubled finances, but denied they needed a bailout from an EU rescue fund. View full post on Canada Business Stories