Topic: Central Banking
EU executive mulls ban on naked CDS selling
Reuters US Online Report Business News
STRASBOURG, France/WASHINGTON (Reuters) - The European Commission said on Tuesday it will consider banning the naked selling of derivatives contracts some EU politicians say were used by speculators to bet on a Greek bond default. Commission President Jose Manuel Barroso also said the European Union's executive would like the ...
Fed's Evans says labor market weakness pervasive
Reuters US Online Report Business News
ARLINGTON, Virginia (Reuters) - Weak U.S. labor markets are likely to justify easy money policies for quite a while longer, a top Federal Reserve official said on Tuesday. "Labor market issues ... lead me to think this accommodation will likely be appropriate for some time," Chicago Federal Reserve Bank President Charles ...
Dollar gains as ratings agencies warn on Europe
AP News
Dollar gains as ratings agencies warn on Europe, Britain's trade deficit widensThe dollar rose Tuesday against the euro and the British pound as credit ratings agencies sounded warnings on Europe. Greek Prime Minister George Papandreou is also scheduled to meet Tuesday with President Barack Obama and the International Monetary ...
Euro slips with all eyes on Greece
AFP Global Edition
The euro fell against the dollar in European deals on Tuesday as investors awaited fresh details on Greece's plans to resolve the nation's debt crisis, analysts said. In morning deals here, the European single currency slid to 1.3592 dollars from 1.3631 dollars late in New York ...
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