InfoAnda - Euro rises as markets back Greek rescue deal

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

Prince William wants to serve on Afghan front line | 19 October 2010
Finance Worker Arrested For Allegedly Ejaculating Into Coworker's Water Bottle | 18 August 2010
Indian city to build toilets for transgender people: report | 9 March 2009

Japan threatens action on China gas project | 17 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : Euro rises as markets back Greek rescue deal

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 Top Stories Most Popular Photos Sitemap Euro rises as markets back Greek rescue deal AFP - 1 hour 44 minutes ago Send IM Story Print BRUSSELS (AFP) - – The euro rose sharply on Monday as the markets embraced the 30-billion-euro aid package for debt-ridden Greece, a massive safety net also designed to restore confidence in the single currency. Finance ministers from the 16 countries that share the under-pressure euro currency agreed Sunday a three-year financing programme at interest rates of around five percent. The decision to spell out the scale and the terms of the aid, which will involve all of the eurozone members, was aimed at soothing markets that have dragged down the euro against the dollar and forced up the interest rates Greece has to pay to borrow money. The euro jumped to 1.3642 dollars when trading opened in Tokyo on Monday from 1.3497 in New York late Friday. "The euro is firmer as traders took heart from the Sunday announcement of the aid package for Greece," said Daisuke Karakama, forex analyst at Mizuho Corporate Bank. Asian stock markets also welcomed the move, with Tokyo 0.98 percent higher, while Hong Kong added 0.11 percent and Sydney gained 0.62 percent, pushing it above 5,000 points for the first time in more than a year. In the days ahead of the agreement, the euro fell sharply and the yield on Greek 10-year bonds hit the highest level since 1998 amid persisting doubts about whether Athen's eurozone partners would indeed offer loans if needed. "But the gain could be short-lived as I can't find many fresh factors from what's written in the statement," Karakama added. "The undertone of the euro's weakness against the dollar probably won't change for a while," he said. The IMF's role -- which would be unprecedented for a eurozone member state -- is to be the focus of talks starting on Monday, including what measures Greece would be required to take in order to get the cash. EU Economic and Monetary Affairs Commissioner Olli Rehn said Sunday it would be for the IMF to reveal its precise share, but that "in principle" the split would be of the order of 2:1 for funding between the EU and the IMF. An EU official said it would mean another 15 billion euros. The Greek government stressed after the agreement that no request to activate the debt support had been made. But priming the EU aid mechanism comes at exactly the right time for Greece which on Tuesday intends to issue 1.2 billion euros in treasury bills. Greece has to find around 11.5 billion euros by next month, part of some 54 billion euros needed for this year to cover debt repayment and urgent budget needs. Greece ditching Euro 'a joke': PM Its total debts were last tallied at some 300 billion euros. Hopes that repeated political expressions of solidarity with Greece, which has enacted savage budget cuts and raised taxes in a bid to plug the gaping holes in its national finances, would suffice were dashed by a spike in Greek bond yields, or the interest Athens must pay its creditors. The yield on Greek 10-year bonds last week soared past 7.5 percent, its highest since 1998. Greece has suffered successive credit downgrades from Fitch and the other two major ratings agencies, Moody's and Standard & Poor's, heightening its risk profile among investors. The rescue package is intended as a back-up plan in case Greece is no longer able to raise funds to repay its debts and finance its budget on financial markets because of excessively high interest rates. Greek Prime Minister George Papandreou, who has attacked speculators in Greece's debt drama, said after the ministers agreed the deal that "nobody can play with" the euro. "This is a clear and strong commitment: it shows that the euro area is serious in doing what is necessary to secure financial stability and about its commitment to give support to Greece," European Commission chief Jose Manuel Barroso said in a statement. Recommend Send IM Story Print News Search Top Stories Euro rises as markets back Greek rescue deal India hopes mud-pit wrestling can lead to gold UN climate talks wrap up after fresh rows 'All bets are off' if US under WMD attack: Clinton Discovery astronauts undertake second spacewalk More Top Stories » Related Full Coverage Financial falloutLatest news on global credit crunch. All Full Coverage » Most Popular Most Viewed Most Recommended American teen aims for Everest record 'All bets are off' if US under WMD attack: Clinton Taiwan's male 'Susan Boyle' a web sensation Discovery astronauts undertake second spacewalk Australian teen on course for sailing record More Most Viewed » 'Rare' fossil of new dinosaur species found in US Two-million-year-old hominid sheds light on evolution Taiwan's male 'Susan Boyle' a web sensation Junkies and junk-food addicts share craving mechanism Toad is a telltale for impending quakes: scientists 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 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 Asia Entertainment Photos World Cup 2010 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 Monday, 12 April 2010
Israeli groups decry army West Bank deportation rules
Europe agrees $40 bln Greece rescue deal
News
Iran's Khamenei slams Obama over 'nuclear threat'
Iraq PM's bloc says fraud may have cost it 750,000 votes
Hungary's Fidesz wins election with strong mandate |
British campaigners threaten pope with arrest |
Greek police arrest suspected leftist guerrillas |
Brazil flood death toll rises to 224: officials |
Drug gangs kill nine in Honduras as violence grows |
Ousted Kyrgyz leader: I'm not to blame for deaths
Security blankets Washington as nuclear summit looms
Ousted Kyrgyz leader: not to blame for bloodshed
'All bets are off' if US under WMD attack: Clinton
News
Iran is not yet 'nuclear capable': US defense chief
Afghan president urges Taliban to air grievances
Thai protesters reject talks after deadly clashes
Kyrgyz leader: no guarantees for ousted ruler
News
Airstrikes kill 10 militants in NW Pakistan
Australian officials seek to protect reef
Colorado Sheriff's Deputy Tazes 30 Students; Gets Suspended
Date Night ekes out disputed box office win |
News
Polish president's coffin returns home to Warsaw |
News
Thai protesters gather after clashes hit markets |
Kyrgyz interim government says to move against Bakiyev |
Yemen says seeks cleric, yet to get U.S. intelligence |
Pakistani forces kill up to 40 militants in Orakzai |
NATO troops kill 4 Afghans on bus: provincial official |
Fidesz wins Hungary election with strong mandate |
Russia cast as nuclear security leader despite flaws |
US-TECH Summary
Euro rises as markets back Greek rescue deal
Obama Meets India's Singh; Headley Issue Raises Controversy
China 3G standard phone sales to surge |
Obama Cites Al Qaeda With Nuclear Weapons As Biggest Threat
Sharp to launch 3D TVs this summer |
Google CEO: Tech silence in China spat no shock |
Ex-Obama adviser calls on FCC to reclassify Web access: report |
Google CEO says Apple helped AdMob deal |
Smartphone maker Palm is seeking a buyer: report |
News
US-ENTERTAINMENT Summary
News
Hollywood gripped by baby fever |
Titans tops foreign box office again |
Conan begins comedy tour as Fox talks drag on |
ESPN's Allen Iverson documentary holds few surprises |
Pop star Shakira prepares to build school in Haiti |
News
New Zealand house prices rise in March
Top anti-racism judge shot dead in Moscow
Nine dead after landslide derails Italian train
Nine dead after Italian train derailment
Sudan extends voting for two days after delays |
Afghan fury after US troops kill four civilians
Bomb explodes outside MI5 headquarters in Northern Ireland |
Polish relatives seek to identify Russia crash victims
Attacks in Kandahar; NATO fires on Afghan bus |
Moscow judge who sentenced neo-fascists shot dead |
Greece charges six over guerrilla attacks |
Sudanese opposition urge elections cancelled
Nine dead as landslide derails Italian train |
Thai poll body says ruling party must be dissolved
200,000 civilians flee Pakistan military offensive
UBS reports 2.5 bln francs in quarterly pre-tax profit
Greek debt plan boosts euro, most Asian shares
Al-Qaeda would use nuclear bomb on US: Obama
China's Geely Auto 2009 net profit up 35%
China's foreign reserves hit new high
Paramount offers movies on Seagate hard drives |
Obama to open landmark nuclear summit
Best Buy to sell Barnes & Noble's Nook e-reader |
Bangladesh sentences 50 guards over 2009 mutiny
Kyrgyzstan's deposed president gathers supporters
Sharp to join 3D TV battle with advanced display |
Pressure mounts on Thai PM after election body call
Global IT spending to rise |
Afghan official says NATO gunfire kills 4 on bus
Australia refloats Barrier Reef oil spill ship
Ship that leaked oil on Great Barrier Reef removed
Australian in Bali prison applies for clemency
Thai stocks sink after deadly Bangkok clashes
Afghan official: 4 civilians killed by NATO troops
Rusal reports $821 million profit
China bank lending down 43 percent in 1st quarter
China says forex reserves hit record $2.447 trln
India's industrial output sees double-digit growth
Sharp to launch 3D televisions by summer
Iraq Urged to Lift Media Restrictions
IATA chief urges Japan to be China travel gateway
Romney Wins Presidential Straw Poll By A Hair
Mandy Moore To Check In To “Grey’s Anatomy” Finale
GM China: Sales by 2015 may exceed 3M units
Motorcyclist Flees Police, Crashes Into Ambulance Crew That Treats Him
Teen Birth Rates Down In U.S.
Researchers Say Hispanics Live In Areas With Limited Ability To Screen For Colon Cancer
US-ENTERTAINMENT Summary
Dozens Hurt In 7-Alarm Manhattan Fire
President Obama Meets Kazak President Nazarbayev
President Obama Meets Pakistani PM Gilani, Mentions His Trip Sans Secret Service
British band Supergrass announces split |
Tenor Domingo speaks of cancer fear ahead of return |
Date Night ekes out disputed box office win |
Russell Crowe drops tights for Robin Hood |
DreamWorks rolls out Kung Fu Panda virtual world |
Taiwan's 'Susan Boyle' voted off talent show
India hopes mud-pit wrestling can lead to gold
US-ENTERTAINMENT Summary
Russell Crowe drops tights for "Robin Hood"
DreamWorks rolls out "Kung Fu Panda" virtual world
Hollywood gripped by baby fever
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