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Miesiąc: kwiecień 2010

Greece goes down. Is Portugal next?

Greece goes down. Is Portugal next?

As Greece barreled closer to the edge of a debt default this week, fears that the crisis would infect other countries rattled the world’s financial markets. „It’s not a question of the danger of contagion,” Angel Gurria, the head of the Organization for Economic Cooperation, said. „Contagion has already happened. This is like Ebola.”

Dollar mixed ahead of GDP

Dollar mixed ahead of GDP

The dollar fell against the euro Friday as investors gravitated toward more risky assets amid signs Greece will receive additional financial support and ahead of key U.S. economic data.

Dollar gains on downgrade of Spain

Dollar gains on downgrade of Spain

The dollar rose Wednesday, with the euro falling to a 12-month low, after Standard & Poor’s downgraded Spain’s credit rating, fueling concerns that the debt crisis in Europe is spreading.

S&P slashes Spain’s debt rating

S&P slashes Spain’s debt rating

Standard and Poor’s downgraded the sovereign debt ratings of Spain to a lower investment grade status Wednesday, citing „risks to budgetary position” for the troubled European nation.

Greek crisis fears deepen

Greek crisis fears deepen

The yield on Greek bonds soared to record levels, again, a day after the S&P slashed its debt rating on the country to junk and amid reports that the IMF is considering loaning more money to the beleaguered country.

S&P downgrades Greek debt to junk status

S&P downgrades Greek debt to junk status

Standard and Poor’s downgraded the sovereign debt ratings for both Greece and Portugal on Tuesday, citing weak „macroeconomic structures,” with the Greek debt lowered to junk status.

Toyota production climbs despite recalls

Toyota production climbs despite recalls

Despite the recall of some 10 million vehicles in recent months, production by Toyota Motor Corp. soared more than 80% in March compared to year-earlier levels, the company reported Monday.

Palm running out of options

Palm running out of options

Palm’s future has been up in the air as the list of potential buyers has thinned out, but rumors circulated Friday that there might be a white knight planning a bid.