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/ 11 October 2011
Troika inspectors gave a lukewarm approval for a vital aid tranche to Greece, saying Athens was lagging on reforms needed to exit its debt crisis.
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/ 5 September 2011
Europe’s top banks are due to meet to share insights on whether the latest sovereign debt crisis squall could yet turn into a financial market storm.
Asian stocks tumbled on Monday followed by losses across European and United States markets on concern over company earnings and increasing gloom about prospects for the global economy, analysts said. Wall Street stocks opened lower as Wachovia bank, one of America’s largest retail banking groups, announced a net loss of $350-million.
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/ 7 November 2007
The euro soared to another record high against the sagging dollar on Wednesday, climbing above ,47 for the first time, while the British pound reached ,10. The 13-nation euro hit ,4730 in afternoon European trading before slipping back to ,4682 — still well above the ,4554 it bought in New York late on Tuesday.
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/ 12 September 2007
The dollar plunged to a record low against the euro on Wednesday as an expected interest-rate cut next week from the Federal Reserve has dampened the United States currency’s appeal. The dollar also dropped to a fresh 15-year trough against a basket of currencies.