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Bonds »
- Germany sells debt at 0% coupon
Germany sold €4.56 billion of bonds carrying a zero per cent coupon today, its first-ever sale of debt offering investors no regular return and underscoring its safe-haven appeal at a time of turmoil in the euro currency zone.
- Investors flee to safe haven assets, wiping 2012 gains
WORLD STOCKS erased the year’s gains yesterday as investors fled risky investments for safe-haven assets on concerns about the euro zone’s deepening debt woes, while US stocks lost ground after the market debut of social network Facebook.
Equities »
- Markets worldwide fall on euro fears
GLOBAL STOCKS fell again as euro zone leaders prepared to meet in Brussels amid growing fears that Greece may leave the currency bloc. The euro fell to a 21- month low against the US dollar.
- Shareholders sue over Facebook IPO
Facebook and banks including Morgan Stanley are being sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering.
Currencies & ForEx »
- Euro falls on talk of Greek 'exit'
The euro fell to under $1.26 and European stocks declined as investors shunned riskier assets on worries about Greece's possible departure from the euro zone, which would deepen the region's debt crisis and hurt an already fragile global economy.
- Euro nears four-month lows
The euro slipped to near four-month lows and European shares extended their losing streak today, as investors avoided riskier assets due to the deepening turmoil in Greece and fears of contagion spreading to other stressed euro zone economies.
Commodities »
- China trumps India to lead oriental gold rush
ASIA BRIEFING: THERE ARE strong cultural and religious reasons why India has traditionally been the world’s biggest buyer of gold, but China is poised to overtake the subcontinent this year as its biggest source of demand.
- Stocktake
Ignore hype over Facebook flotation
IPOs »
- Facebook shares plunge again
Two top US financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq.
- Facebook increases its IPO share price range
FACEBOOK HAS increased the price range for shares in its initial public offering, pushing the company’s valuation to as much as $104 billion.
Market News »
- Facebook shares plunge again
Two top US financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq.
- European stocks show early gains
The Iseq index of Irish shares opened up today, tracking a global rebound, with the FTSE, CAC and DAX also up.
