By Pedro Nicolaci da Costa WASHINGTON (Reuters) – Europe’s debt crisis poses a “potentially serious” risk to the U.S. economic recovery because it threatens global credit markets and large American banks, a top Federal Reserve official said on Thursday. Fed Gover…
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Markets turn red as Greece, Portugal are downgraded
Posted on: April 27th 2010 in Market News.
NEW YORK (AP) — U.S. stocks are following European markets lower after Portugal’s debt was downgraded, deepening fears that Europe’s debt problems are spreading. Standard & Poor’s slashed Portugal’s credit rating Tuesday, sending stocks sharply lower ac…
Wall Street Zigzags After Report on Greece Plan
Posted on: February 11th 2010 in Market News.
By Ryan Vlastelica NEW YORK (Reuters) – Stocks were little changed on Wednesday, recovering from morning losses after a report suggested a European rescue plan for debt-burdened Greece may be presented this week. The French daily Le Monde wrote that France and Germany were set to …
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