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Friday 16th of April 2010

News Tag: nervous

April 9, 2010

Greece credit rating downgraded by Fitch

by Kay Murchie
Greece credit rating downgraded by Fitch
Greece’s woes intensified today after ratings agency Fitch downgraded the country’s credit rating amid fears over its rescue plan. Fitch downgraded Greece's rating by two notches, from BBB+ to BBB-, as the cost of Greek borrowing continues to soar. The BBB- rating is significant since it is the lowest rating that qualifies as an investment grade bond. Last month a deal was ...



Bond markets hit by ongoing Greek debt fears

by Kay Murchie
Bond markets hit by ongoing Greek debt fears
There are renewed fears over the Greek debt crisis after a hammering of bond prices by investors took the yield on short-term Greek debt up to 8% yesterday - almost 3% higher than in October 2009. There is now speculation that Greece will be seeking a bailout sooner rather than later with one analyst suggesting that Greece will ...



March 25, 2010

Uncertainty in Greece pushes euro to 10-month low against dollar

by Kay Murchie
Uncertainty in Greece pushes euro to 10-month low against dollar
The ongoing uncertainty in Greece has pushed the euro to a 10-month low against the dollar as European Union leaders prepare for a two-day summit in Brussels today. The currency fell to $1.333 - its lowest level since May last year, while it also lost 0.3% against the pound to 89.338 pence. As well as the debt crisis ...



March 24, 2010

Euro continues to lose value amid Greek debt crisis

by Kay Murchie
Euro continues to lose value amid Greek debt crisis
The euro continues to lose value as investors remain concerned about a solution for Greece’s fiscal problems. The currency fell to a record low of 1.4232 francs on trading platform EBS, while falling to an all-time low against the Australian dollar to $1.4654. Against the US dollar, it fell to $1.3459 - close to a ten-month low of $1.3432. Greece currently ...



October 9, 2008

Stock markets fall, Iceland suspends trading

by Kay Murchie
”Stock
Despite shares recovering in early trading today as investors absorbed the news of a half a point percentage cut in interest rates, stock markets this afternoon have fallen as investors fear a world recession. On Wall Street, shares dipped despite opening 1.63% higher and this resulted in its counterparts losing ground. In London, the FTSE 100 was down 2.34%, France's Cac 40 ...