InfoAnda - Euro, equities rally fizzes on Irish bailout doubts

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

House votes against FCC open Internet rules | | 9 April 2011
Inmarsat Q3 earnings up 18 percent on LightSquared deal | | 2 November 2011
Italians evacuate migrants, bring in police after clashes | 10 January 2010

Gunmen kill mayor of border town in Mexico drug war | | 21 June 2010

Forum Views () Forum Replies ()

Read more with google mobile : Euro, equities rally fizzes on Irish bailout doubts

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Euro, equities rally fizzes on Irish bailout doubts AFP - Tuesday, November 23 Send IM Story Print Euro, equities rally fizzes on Irish bailout doubts LONDON (AFP) - – A rally on European currency and equities markets fizzled Monday after optimism over prospects for an Irish rescue gave way to fears the move might fail to ease pressure on other eurozone states. Analysts said investors also grew nervous during the day in the absence of detail as to the size and structure of the bailout, to be financed by the EU and the IMF, and the steps Ireland will have to take to stabilise its public finances. Irish Prime Minister Brian Cowen said Sunday his government had applied for help from the European Union and the International Monetary Fund to cope with a gaping public deficit and a troubled banking system, which has already received 50 billion euros in government backing. While the amount of the package has yet to be revealed, European diplomats have said it could come to around 90 billion euros (120 billion dollars). Political tension in Dublin surged Monday, with Cowen's coalition administration appearing to be splintering over the deal as the Greens, the junior partners, called for a general election to be held in January. After moving above 1.37 dollars, the eurozone's common currency, the euro, fell back and was trading late in the day at 1.3614 dollars against 1.3673 on Friday. It was a similar story on stock markets. "Equity markets started this morning in a positive mood as investors appeared content ... regarding the extent of Ireland's imminent bailout," said Giles Watts of City Index. "However as rumours regarding the details of Ireland's bailout swirled around the market, the positive tone subsided." In London the FTSE 100 index lost 0.91 percent to close at 5,680.83 points while in Paris the CAC 40 fell 1.07 percent to 3,818.89. The Frankfurt the DAX shed 0.32 percent to finish at 6,822.05 points. Elsewhere there were falls of 2.68 percent in Madrid, 1.93 percent in Milan, O.63 percent in Amsterdam and 0.38 percent on the Swiss Market Index. On Wall Street equities also turned weaker on concern that other struggling eurozone economies may require aid. The blue-chip Dow Jones Industrial Average was down 0.74 percent at mid-day at 11,120.23 while the tech heavy Nasdaq had lost 0.06 percent to reach 2,516.67. "A full-fledged relief trade hasn't kicked in because there is concern all this deal does is kick the can further down the road, as piecemeal bailouts leave the door open for speculative runs on other countries like Portugal, which many think is the next domino to fall in Europe," said Patrick O'Hare of Briefing.com. Irish bond yields, a measure of investor sentiment, eased only slightly late Monday, with the rate on 10-year debt dropping to 7.869 percent from 7.907 percent on Friday. The yield earlier in the day had fallen sharply on initial market enthusiasm for the EU-IMF initiative. Yields on debt issued by two other troubled eurozone members, Portugal and Greece, meanwhile rose. Ireland is the second eurozone member to require outside assistance after Greece, likewise saddled with a huge public debt and deficit, was accorded a 110-billion euro credit mechanism by the EU and the IMF in May. "Two eurozone countries have now been bailed out with uncertainties lingering over two more," said Derek Halpenny of The Bank of Tokyo-Mitsubishi UFJ. "Even assuming the best-case scenario of no further bailouts, the necessary asjustments to rectify internal imbalances in the eurozone are deeply deflationary and will quickly become evident by the under-performance of the eurozone economy." Analysts differed on the scale of the challenge confronting Ireland, where the government is seeking 2011 budget cuts worth six billion euros under a tough initiative that also calls for tax hikes. "Ireland still faces a daunting set of fiscal and economic challenges, suggesting its problems are far from over," cautioned Ben May of Capital Economics. But Barclays Capital economists said the EU-IMF would likely succeed "because Ireland is solvent," with its public debt burden easing over the next four years. "The Irish government has deployed the right economic and financial policies," they argued. "We would expect any EU-IMF programme for Ireland not to include a heavy structural reform agenda as in Greece." Recommend Send IM Story Print News Search Top Stories Euro, equities rally fizzes on Irish bailout doubts Medicines threaten Amur tiger in Russia, China US mulling 'less invasive' options to pat-downs US starts human blindness trial using stem cells Illness, medical bills 'plunge millions into poverty' More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Pope says condoms acceptable 'in certain cases' World leaders scramble for funds to save the tiger More than a million Atlantic sharks killed yearly Cash-strapped Brits want royals to foot wedding bill Illness, medical bills 'plunge millions into poverty' More Most Viewed » EU fines 11 airlines 800 million euros for air cargo cartel Pilgrims stone 'devil' as Muslims celebrate Eid 'Naked' airport scanners may be 'dangerous' Germany unveils new 'psychic' octopus -- and he's French More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Tuesday, 23 November 2010
US-TECH Summary
At least 339 dead after stampede in Cambodia |
Anger as Nazi death camp guard escapes justice
Euro, equities rally fizzes on Irish bailout doubts
Pivotal Oracle-SAP software lawsuit nears end
EU sets conditions for Ukraine to win visa-free travel
German Reichstag partly shut after security scare |
Medicines threaten Amur tiger in Russia, China
Poll: Romney, Huckabee Strongest In 2012 Against Obama
Orange, T-Mobile to subsidize Apple iPad in Europe
US mulling 'less invasive' options to pat-downs
Jury Says Park Attacker Guilty Of Chandra Levy Murder
Millionaire Group Seeks Extension Of Tax Cuts Only For Middle Class
US starts human blindness trial using stem cells
Gawker.com sued for posting Palin book excerpts
Morales: U.S. seeks excuse to meddle in Latin America |
Big Time Rush Teams Up With Miranda Cosgrove For “Big Time Christmas” Special
Apple releases updated operating system update for iPad
Airline's Engine Blowout Forces Emergency Landing At JFK
Obama's 2012 re-election prospects uncertain
Three Miami Children Critical In Shootings That Left Mom Dead
Peru protesters try to stop Southern Copper mine |
China Internet firms made to apologise over feud
Puerto Rico arrests 12 linked to Caribbean drug lord |
Netflix raises prices, offers stream-only service
Nigerian ex-VP to challenge Jonathan at primaries |
U.S., China, Russia resist weapons pact: report |
Dell results latest warning for Intel: report
Google seeks digital rights to Miramax films: report
Wi-Lan sues Comcast, Time Warner Cable, Charter
Cambodian festival stampede kills 180: PM
N.Korea nuclear disclosure sparks international alarm
Cambodia stampede leaves more than 330 dead
US missiles kill five as Pakistan drone war escalates
China milk campaigner 'forced to sack lawyers'
Netflix shares soar on new streaming-only plan
US-ENTERTAINMENT Summary
Liu lights up Asian Games as Lao wins 100m gold
Porn star to sue Charlie Sheen for assault
U.S. open to North Korea talks despite nuclear advances
Chinese calligraphy fetches 46 million dollars at auction
Myanmar's Suu Kyi set for reunion with son
Belgium anti-racism group urges 'Tintin in the Congo' ban
Pivotal Oracle-SAP software lawsuit nears end |
Kremlin plans 'Back in the USSR' New Year ball
Ex-Spice Girl in running for London theatre award
Intel launches configurable chips with Altera |
Versace's return stolen painting to original owners
Gawker.com sued for posting Palin book excerpts |
Orange, T-Mobile to subsidize Apple iPad in Europe |
Novell sells itself in two-part, $2.2 billion deal |
China VP finishes Africa tour in Botswana, inks energy deals
China says all firms treated equally in green sector
Nissan to move production to cut currency risk
Pakistani stocks end at 28-month high; rupee flat
Pakistan's forex reserves fall to $16.91 billion
Japan Airlines says most creditors back rehabilitation plan
Porn star to sue Charlie Sheen for assault |
Kanye West's Twisted Fantasy wins over critics |
Dancing With the Stars readies for finale |
Robert Crumb, daughter look at life in Crazy Artist |
Gawker.com sued for posting Palin book excerpts |
Gambia severs all ties with Iran after arms seizure
Two Koreas exchange fire across maritime border |
UN tribunal links Hezbollah to Hariri murder: Canadian broadcaster
News Corp. buys education technology company
N.Korea shells island in South, causing injuries
Iran official says life of woman may be spared -TV
Cambodia stampede kills at least 345 at festival |
Qantas says A380 superjumbos back in action Saturday
Oracle wants SAP to pay billions for looted programs
Four Afghans, two troops killed in bomb attacks
US shops hope for bumper holiday season
Attachmate buying Novell for 2.2 billion dollars
Hezbollah members behind Hariri's killing
F-16's Scrambled To Intercept Private Plane, Part Of The White House Evacuated
Ireland set for nervy two weeks until budget vote |
DiCaprio in plane engine scare: report
Five Years Later, New Orleans Community Centers Get Millions
HP to focus more on software, new CEO says
Egypt's ruling party targets Islamists in vote
Qantas to resume A380 flights but on limited basis |
Riding On Economy, Patriotism Services Surpass Recruiting, Retention Goals
WikiLeaks says next leak seven times larger than Iraq logs
India PM to face Supreme Court questions over telecoms scam |
Robyn Releases "Body Talk," Announces New U.S. Tour
Intel launches configurable chips with Altera
Afghan fighting kills more than 30 insurgents
NZ mine rescue suffers new setback, hopes fade |
Israeli parliament approves referendum-for-peace law |
'Bleak' outlook for trapped New Zealand miners
Gambia severs all ties with Iran after arms seizure |
Dalai Lama 'to retire' from government-in-exile role
N.Korea shells S.Korea island, 4 troops wounded
Postponing Haiti polls could threaten stability: EU |
"Buffy" remake proceeds despite Whedon's big sigh
Minimum and maximum temperatures in Celsius
North Korea artillery fire hits South island
Iran official says life of woman may be spared: TV |
Justice plea as Philippines mourns massacre victims
Taiwan film festival snubs S.Koreans over taekwondo row
China, Japan boats stand-off in disputed waters: report
Hong Kong to host eye-watering 900 US dollar meal
Focus shifts to China as North Korea tensions escalate
Bristol Palin comes up last, again, on "Dancing"
India PM to face Supreme Court questions over telecoms scam
"Buffy" remake proceeds despite Whedon's big sigh
Emerging China speeds ahead on fastest bullet train
Simon Cowell honored, Britain wins 5 International Emmys
Ex-'Idol' judge Cowell leads UK invasion at Emmys
Canadian court mulls polygamy law
Jeffrey Wright preens in 19th century New Orleans
Taiwan stocks fall as China slide weighs
Gawker website sued for posting Palin book excerpts
Oracle-SAP trial goes to jury with billions at stake |
Seoul shares dip; Hyundai Motor falls, Hana Fin rallies
News Corp to buy education tech company for $360 million |
Pressure mounts on Indonesia to probe steel IPO
Chinese dairy raises the bar for cow-pat power
Britain's Tesco plans to quadruple China sales: report
Ssangyong, Mahindra and Mahindra to sign deal
China calls on US to take lead at climate talks
Ecuador nears deadline on foreign oil deals
Pakistan
Seoul shares dip; Hyundai Motor slips, Hana Fin gains
Charlie Sheen sues porn star, claims extortion |
Simon Cowell honored, Britain wins 5 International Emmys |
Buffy remake proceeds despite Whedon's big sigh |
Bristol Palin comes up last, again, on Dancing |
Justin Bieber sweeps American Music Awards |
Jeffrey Wright preens in 19th century New Orleans |
Afghanistan poised to announce election results
Britain's Prince William to wed in April at abbey
Iran denies problem with uranium enrichment
Russia says in final stage of WTO accession talks |
Technical problems have hit Iran atom work
Iran nuclear effort faces technical problems:expert
Pope words on condoms bolster AIDS fight in Africa |
New AIDS cases fall by one fifth in a decade: UN
Top Taliban negotiator an impostor: report
Sarkozy erupted at media over Karachi affair reports |
U.S. Condemns North Korea Artillery Attack On South Korea
Afghan president still against NATO night raids
Dalai Lama may give up ceremonial duties by 2011: aide |
Conservative fever builds for Palin book tour
Miller Brings Alaska Senate Election Lawsuit To State Court
Depression May Be Caused By, And Lead To, Diabetes
Jamal leads track hunt as tennis climaxes at Asiad
Venezuela TV owner denies Chavez murder plot |
Israeli parliament approves referendum-for-peace law
Ireland in chaos as bailout triggers election
Death Rate From Congenital Heart Defects Continue To Drop
European police arrest at least 10 over Belgian plot |
One Third of U.S. Catholics Left Church
Karzai reaffirms opposition to night raids
Police raid slums in third day of Rio violence |
Survey Indicates 2/3 Of Americans Support Airport Full Body Scanners
Poland to unveil pension changes next week: PM |
North Korean artillery pounds S.Korean island
Quake hits Papua New Guinea: geologists
North Korea shells South in fiercest attack in decades
Indonesian protesters pelt eggs at officials' cars
FEATURE: Quick money lures young Indonesian girls into prostitution
Myanmar's freed Suu Kyi reunited with younger son
2 South Korean soldiers killed by North's attack
RIM sees no ban on India BlackBerry services |
White House condemns North Korean shelling of South Korea
Cambodia festival stampede leaves nearly 380 dead
Pakistani stocks end lower; rupee firms; o/n rates down
HP raises 2011 outlook |
KOREA MARKETS-Tumble on N.Korea attacks, further selling seen
Cambodia stampede kills at least 375 at festival
India's Mahindra signs deal to buy Ssangyong
KOGAS says LNG terminals unaffected by conflict
Likely losers, winners in Corporate Korea after N.Korea firing
S.Korea c.bank to take stabilising steps if needed after clash
Hope for NZ miners bleak as footage shows blast
Russia, China to discuss gas pricing dispute
S.Korea c.bank to hold emergency meeting on N.Korea
Lennon's I'm Only Sleeping lyrics to go on sale |
Republican-friendly TV shows more likely to be hits |
Bruce Willis to front Russian bank ad campaign |
Biggest Loser crew reaches new deal, ends strike |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01