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Total 392 results found. Search for [ bailout package ]

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PTI
Berlin, March 31, 2012
The euro-zone nations have reached a deal to build up a massive 800-billion-euro financial firewall to prevent the two-year-old sovereign debt crisis from engulfing larger economies such as Spain and Italy.


AP
Madrid, March 30, 2012
Spain's commitment is to cut its budget deficit to 5.3 per cent of GDP from 8.5 per cent last year. The challenge is doing so as the economy shrinks and with unemployment of nearly 23 per cent.


IANS
Athens, March 20, 2012
Greece is expected to remain in recession for a fifth straight year in 2012 with the economy shrinking by 4.5 per cent and recovery due to start in 2013, according to the Central Bank's annual report.


IANS
Moscow, March 16, 2012
Last week, Greece's private investors agreed to swap their government bonds for new securities that are worth 83.5 per cent of the country's sovereign debt in a deal that will help the country stay afloat and avoid default on its massive debt.


IANS
New York, March 13, 2012
The Dow Jones industrial average gained 37.69 points. The Standard & Poor's 500 added 0.22 points while The Nasdaq Composite Index slipped 4.68 points.


PTI
Athens, March 13, 2012
Although the exchange will keep Greece solvent, markets were underwhelmed amid fears that the country's debt load still remains far too heavy.


Associated Press
Athens, March 10, 2012
Greece's private creditors agree to take cents on the euro paving the way for the second bailout for the country.


Associated Press
Athens , March 3, 2012
Moody's lowered Greece's sovereign rating to C from Ca, arguing that the risk of default remains high even a bond-swap deal with banks and other private investors, due to be completed this month, is successful.


BT Online Bureau
Mumbai, March 2, 2012
The 30-scrip index of the Bombay Stock Exchange closed at 17,636.8 points, up 52.83 points or 0.3 per cent from its previous close.


IANS
London, February 28, 2012
The ratings agency lowered the sovereign credit ratings on Greece to selective default (SD) following the Greek government's decision to launch a bond swap plan to ease its debt burden.


PTI
Mumbai, February 28, 2012
The rupee on Tuesday recovered half of its overnight losses and appreciated by 15 paise to settle at 49.07/08 against the Greenback on smart rebound in local stocks amid fresh dollar selling by exporters.


BT Online Bureau
Mumbai, February 28, 2012
Heavy buying at lower levels in recently battered stocks mainly from realty, capital goods, banking, power, metal and auto sectors pushed up the benchmark Sensex by over 285 points to end at 17,731.12, broking straight four-session of losing string.


PTI
Berlin, February 28, 2012
The Bundestag, the lower house of parliament, cleared the way for releasing Germany's share of the the 130-billion-euro ($170 billion) rescue package by endorsing a government legislation with 496 votes while 90 deputies voted against and five abstained in the 620-member house.


PTI
London, February 27, 2012
The Kingfisher Airlines chairman claimed that two foreign carriers stood ready to invest as soon as the change in the law (FDI in aviation sector) was announced - possibly within days.


PTI
Mumbai, February 27, 2012
The domestic currency dropped by 29 paise on Monday to close at 49.22/23 against the greenback following distinctly weak local stocks amid fresh dollar demand from importers.


PTI
New Delhi, February 24, 2012
Copious supply of dollar in local stocks amid sustained dollar selling by exporters and some banks helped the rupee to end below 49-mark at 3-week high of 48.93/94 against the Greenback, extending gains for the third straight day.


Associated Press
Bangkok , February 23, 2012
Hong Kong's Hang Seng fell 0.8 per cent to 21,380.26 and South Korea's Kospi lost 1.2 per cent to 2,005.30. Australia's S&P/ASX 200 dropped 0.4 per cent to 4,275.60. Benchmarks in Indonesia, Singapore and Taiwan were also lower.


PTI
New Delhi, February 22, 2012
Notwithstanding reports that the lead banker of the consortium State Bank of India (SBI) has agreed to provide Kingfisher a Rs 1,650 crore ($336 million) relief package, the bankers were tight lipped about what they were planning.


Associated Press
Brussels, February 22, 2012
The agreement was the second massive bailout of Greece following a euro 110 billion ($146 billion) rescue in 2010 that didn't return the country to solvency.


Associated Press
Bangkok , February 22, 2012
Japan's Nikkei 225 index rose 0.2 per cent to 9,477.59 while Hong Kong's Hang Seng lost 0.5 per cent to 21,368.99. South Korea's Kospi slipped marginally to 2,022.84. Australia's S&P/ASX 200 fell 0.1 per cent to 4,286.40.


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