financial news

Why the latest eurozone bail-out is destined to fail within weeks - Telegraph I want last week's European bail-out to work. My sincere hope is that collective and decisive action by the eurozone's large member states will…

Greece Will Eventually Leave Euro, Rogoff Says - Bloomberg European leaders’ agreement to expand a bailout fund to stem the region’s debt crisis only buys time as Greece will likely still leave the euro in the next decade,…

Tepco to Ask for $12B From Government: Nikkei - Bloomberg Tokyo Electric Power Co. will ask the government for 900 billion yen ($12 billion) to avoid bankruptcy, the Nikkei newspaper said, the first state support since the…

FX markets are consolidating recent gains with most majors and EM weaker ahead of the open. After the EU Summit what is next for FX markets; today markets likely to focus on US income/spending report. Swiss KOF leading index fell to 0.8…

Elizabeth Warren: ‘I Created Occupy Wall Street’ - The Daily Beast The Harvard professor has spooked the right. As she begins her high-profile Senate campaign against GOP star Scott Brown in Massachusetts, the consumer…

Global stocks and risk sensitive currencies are up significantly after the 14th emergency summit. Outcome satisfied downbeat expectations, details remain short; price action reflects positioning. BoJ left rates on hold but expanded asset…

Google: US law enforcement tried to get videos removed from YouTube | Technology | guardian.co.uk The technology giant's biannual transparency report reveals a 70% rise in takedown requests from US government or police.…

Dollar largely softer vs. majors as markets await outcome of the European summit today. Signs point to a “bare minimum” response from European policy-makers; euro upside seems limited. EM currencies mixed; TRY outperforming on apparent…

Obama’s pathetic refinancing initiative | Felix Salmon the sad fact is that anything more substantive than this is likely to require Congressional approval, and therefore be a political non-starter between now and November…

European stocks edge to a two-month high ahead of tomorrow’s summit; USD mostly softer ahead of open. There is still room for the EZ policy makers to disappoint tomorrow; S&P 500 approaching 200dma. BoC likely to remain on hold but…