Ron Askew
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Greece launches long-awaited debt swap offer
Feb 08, 2012 06:55 EST
ATHENS (Reuters) - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring in the hope of getting its messy finances back on track.
Greece launches long-awaited debt offer
Feb 08, 2012 06:55 EST
ATHENS (Reuters) - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring in the hope of getting its messy finances back on track.
Greece launches long-awaited debt offer
Feb 08, 2012 06:55 EST
ATHENS (Reuters) - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring in the hope of getting its messy finances back on track.
Greece focused on quick debt deal
Jan 25, 2012 07:08 EST
ATHENS (Reuters) - Greece hopes to wrap up tortuous negotiations on a debt swap this week when private creditors return to Athens for a fresh round of talks to avert a chaotic default, it said on Wednesday.
Analysis: Shipping signal gnaws at market optimism
Jan 25, 2012 02:00 EST
LONDON (Reuters) - A nightmare on world freight markets, where shipping prices have been decimated over the past four years, is gnawing at New Year optimism about a stabilizing world economy and shows how adept investors can be at tuning out 'inconvenient' information.
World needs 600 million new jobs in next decade: ILO
Jan 23, 2012 18:01 EST
GENEVA (Reuters) - The International Labour Organization sounded the alarm on the global jobs situation in its annual report on Monday and called for more coordination of fiscal policies, repair and regulation of the financial sector and support for the real economy.
Relief in Spain, tension in Greece for euro zone
Jan 19, 2012 09:35 EST
MADRID/ATHENS (Reuters) - The embattled euro zone cleared a major funding test on Thursday when Spain romped through a key bond sale, while signs pointed to only a mild recession for the 17-nation bloc.
Greece, creditors struggle to breach gap as clock ticks
Jan 18, 2012 14:40 EST
LONDON/ATHENS (Reuters) - Greece and its bondholders struggled to bridge differences in talks on a debt swap, sources close to the talks told Reuters on Thursday, with time to strike a deal and avoid a messy default running out rapidly.
Greece, creditors move to breach gap as clock ticks
Jan 18, 2012 14:40 EST
LONDON/ATHENS (Reuters) - Greece and its private bondholders inched closer on Thursday to a vital debt swap deal needed to avoid a messy default by Athens, with both sides saying progress has been made and negotiations would continue on Friday.
Analysis: Nigeria strife highlights Africa investment risks
Jan 17, 2012 11:38 EST
LONDON (Reuters) - Nigeria's recent explosion of violent political unrest is damaging the economy and forcing investors to reassess their optimism over the short-term returns available there and elsewhere in Africa.
ESRB's warns financial stresses have worsened
Dec 22, 2011 12:50 EST
FRANKFURT (Reuters) - The dangers facing Europe's financial system have continued to worsen, Europe's recently created super-watchdog, the European System Risk Board (ESRB), said on Thursday, as it urged the euro zone to get its new rescue fund up and running.
Banks give Europe shares a lift, U.S. data eyed
Dec 22, 2011 08:20 EST
LONDON (Reuters) - Easier European bank-to-bank lending rates and hopes a batch of U.S. data would confirm an improving economic picture, lifted world stocks and the euro on Thursday, but concerns that Europe's debt crisis could intensify kept a lid on the rises.
Highlights: ECB's Draghi says euro is "irreversible"
Dec 19, 2011 12:31 EST
BRUSSELS (Reuters) - Below are highlights of comments made by ECB President Mario Draghi in testimony to the European Parliament on Monday.
New Spanish leader pledges deep crisis cuts
Dec 19, 2011 11:28 EST
MADRID (Reuters) - Spain's incoming Prime Minister Mariano Rajoy took aim at his country's economic woes Monday, promising deep spending cuts at all levels of government while offering tax breaks for companies.
ECB to cut rates, focus on bond buys
Dec 08, 2011 07:24 EST
FRANKFURT (Reuters) - The European Central Bank is expected to cut rates and unveil a new package of bank aid on Thursday, with markets also watching for any hint it will intensify its bond-buying support for the bloc's struggling members, setting the stage for a critical euro zone summit.
ECB to cut rates as focus on bond buys intensifies
Dec 08, 2011 04:00 EST
FRANKFURT (Reuters) - The ECB is expected to cut rates and unveil a new package of bank aid on Thursday, with markets also watching for any hint it will intensify its bond buying support for the bloc's struggling periphery, setting the stage for a critical euro zone summit.
ECB to cut rates as focus on bond buys intensifies
Dec 07, 2011 19:09 EST
FRANKFURT (Reuters) - The ECB is expected to cut rates and unveil a new package of bank aid on Thursday, with markets also watching for any hint it will intensify its bond buying support for the bloc's struggling periphery, setting the stage for a critical euro zone summit.
ECB's Stark-Crisis cure needed to avoid disaster
Dec 02, 2011 14:03 EST
NEW YORK (Reuters) - An urgent solution to the euro zone debt crisis needs to be found otherwise there will be widespread macroeconomic and financial disaster, one of the European Central Bank's top policymakers Juergen Stark warned on Friday.
Analysis: Central banks buy wiggle room, not solution
Nov 30, 2011 12:10 EST
LONDON (Reuters) - Central bank action on Wednesday to ease severe funding strains for the world's private sector banks may help cushion a brewing global credit crunch but it only buys some wiggle room for governments trying to resolve the euro debt crisis and keep banks lending.
Euro zone crisis biggest threat to global economy: OECD
Nov 28, 2011 09:23 EST
PARIS (Reuters) - The euro zone's debt crisis has become the biggest threat to the global economy and a break up of the currency zone can no longer be ruled out, the OECD said on Monday, slashing its forecasts and urging the ECB to play a bigger role in defusing the crisis.
