Europe
  • Spanish government bond yields fell on Tuesday as markets focused on prospects of the European Central Bank buying debt to contain the country's borrowing costs, but a lack of detail over the process limited price gains.

    LAST UPDATE : Aug 23, 2012, 7:08 AM EDT
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  • German Foreign Minister Guido Westerwelle right, and his counterpart from Greece, Dimitris Avramopulos, left, shake hands after a joint press conference as part of a meeting at the foreign office in Berlin, Germany, Monday, Aug. 20, 2012.

    Europe's leaders are gearing up for a high-stakes week of financial diplomacy that could determine Greece's future — and the stability of the 17 countries that use the euro.

    LAST UPDATE : Aug 23, 2012, 5:05 AM EDT
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  • Germany's Bundesbank on Monday showed no signs of lowering its resistance to a European Central Bank plan to buy billions of euros worth of Spanish and Italian government bonds to reduce those countries' crippling borrowing costs.

    LAST UPDATE : Aug 23, 2012, 12:45 AM EDT
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  • Senior German politicians stepped up the pressure on Greece to stick to its reforms before the Greek prime minister visits Berlin this week and made clear that there was no appetite in the German parliament for a third aid package.

    LAST UPDATE : Aug 22, 2012, 11:43 PM EDT
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  • Common supervision of European banks, possibly by the European Central Bank, would help restore confidence and protect the financial system, ECB Governing Council member Panicos Demetriades was quoted on Sunday as saying.

    LAST UPDATE : Aug 22, 2012, 11:43 PM EDT
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  • Company culture at Barclays was "deeply flawed" and the Bank of England's hand in removing its chief executive Bob Diamond was hard to justify, a UK parliamentary report into the "disgraceful" rigging of Libor interest rates said on Saturday.

    LAST UPDATE : Aug 22, 2012, 11:43 PM EDT
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  • Greece has inched closer to nailing down the cuts required by its foreign creditors in exchange for financial aid, agreeing €10.8 billion of the €11.5billion worth of cuts demanded, a government official said on Friday.

    LAST UPDATE : Aug 22, 2012, 4:02 PM EDT
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  • Russia's agriculture minister on Friday ruled out a ban on grain exports from the country, fears of which have helped to drive global prices higher following drought in U.S. and Black Sea grain belts.

    LAST UPDATE : Aug 22, 2012, 3:12 PM EDT
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