Tag Archive for Hellip

Merkel set for two-speed Europe, if necessary – Full story

Merkel set for two-speed Europe, if necessary (via AFP) German Chancellor Angela Merkel said Thursday that she would work towards a reinforced political union in Europe with willing partner countries even if that meant a two-speed approach. “We need more Europe… a budget union… and we need a political union first and foremost,” Merkel told…

Moody’s downgrades Commerzbank, other German banks – Full story

Moody’s downgrades Commerzbank, other German banks (via AFP) Credit rating agency Moody’s on Wednesday lowered its ratings for six German banks pointing to “the increased risk of further shocks emanating from the euro area debt crisis.” Moody’s said in a statement it was downgrading by one notch the long-term credit ratings of Commerzbank, DekaBank, DZ…

Crude Oil Inventories Report Today

– 16/05 (via ForexPromos) Gold entered a so-called bear market, dropping for a fourth day, after Greek leaders failed to form a government, increasing speculation that the country may quit the euro. The Dollar Index (DXY) was driven to a record advance. The Dow Jones Industrial Average (INDU) fell to an almost four-month low…