Germany's Schäuble Maintains Hard Line with Greece's Varoufakis Following Initial Debt Talks (NBG) (FXE)
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Moody's Cuts Ratings on Five Greek Banks (NBG); Sees Lower Likelihood of Systemic Support
February 9, 2015 1:53 PM ESTMoody's Investors Service has downgraded the long-term deposit and senior debt ratings of five Greek banks: Piraeus Bank SA (to Caa2 from Caa1), National Bank of Greece SA (to Caa2 from Caa1) (NYSE: NBG), Alpha Bank AE (to Caa2 from Caa1), Eurobank Ergasias SA (to Caa3 from Caa2) and Attica Bank SA (to Caa3 from Caa2). All ratings were placed on review for further downgrade. The rating actions follow Moody's decision to place Greece's Caa1 sovereign rating on review for downgrade on 6 February 2015: https://www.moodys.com/research/--PR_317662 .
Today's bank... More
Greek Finance Minister Met with IMF Officials; No Talk of Altering Bailout Happened (NBG)
February 4, 2015 11:31 AM ESTGreek Finance Minister Yanis Varoufakis met with senior International Monetary Fund officials last weekend and came away from the talks with a positive feeling.
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Market Wrap: U.S. Auto Sales Surge in Jan.; Oil Prices Continue Adding Gains; Office Goods Retailer M&A Nears
February 3, 2015 5:30 PM ESTMarket wrap for February 3rd
End of the Day: S&P 500 up 29.2 to 2,050.03; Dow Jones up 305.4 to 17,666.40; Nasdaq up 51.1 to 4,727.74
Market Brief: U.S. crude-oil futures gains helped to bolster upside in the market once again on Tuesday. WTI prices rose over 7 percent from a prior settle at $49.57 for March 2015 contracts. ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) were two names tading notably higher on the... More
