Economics,Politics
Child Sex Abuse Scandal Casts Shadow over Conclave
26.02.2013 12:26
Corriere della Sera: NEW YORK − The eleven cardinals from the United States at the upcoming conclave will comprise the second-largest national group after Italy’s. This is one of the reasons why many Vatican observers include Timothy Dolan, the archbishop of New York and head of the...
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The Berlusconi Effect: Political Gridlock Wins Italian Elections
26.02.2013 12:24
DerSpiegel: First the good news: Silvio Berlusconi didn't win the Italian election. But the bad news is disturbing enough. Center-left leader Pier Luigi Bersani was unable to win control of the Senate, meaning that a stable government in Italy looks unlikely. The results for Europe could be...
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Protest votes increase uncertainty in Italy election
25.02.2013 14:16
(Reuters) - Italians voted for a second and final day in a general election on Monday with a surge in protest votes increasing the risk of an unstable outcome that could undermine Europe's efforts to end its three-year debt crisis.
Opinion polls give the centre-left coalition led by former...
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Billionaire Metro co-founder Beisheim commits suicide
25.02.2013 14:15
(Reuters) - German billionaire Otto Beisheim, one of the founders of retail group Metro (MEOG.DE), committed suicide after being diagnosed with an incurable illness.
Beisheim, 89, had lost hope after his diagnosis and was found dead at his home near the Tegernsee lake in Bavaria on...
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Pound Falls to 16-Month Low Versus Euro After Moody’s Downgrade
25.02.2013 13:32
Bloomberg: The pound fell to its weakest level in almost 16 months against the euro after Moody’s Investors Service cut the U.K.’s AAA credit rating, citing weakness in the nation’s growth outlook.
U.K. government bonds pared an earlier decline. Moody’s lowered Britain’s rating by...
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Osborne Keeps Austerity as Investors Discount Downgrade: Economy
25.02.2013 13:31
Bloomberg: U.K. Chancellor of the Exchequer George Osborne won’t bow to opposition calls to change economic plans after the decision by Moody’s Investors Service to strip the U.K. of its Aaa status.
Osborne said in an article for the Sun newspaper yesterday that the government should “stick to...
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Euro Rally Pushes French Linkers to Zero From Hero: Euro Credit
25.02.2013 13:27
Bloomberg: The euro’s rally has found a casualty: French inflation-protected bonds.
France’s index-linked debt, which beat its core-market peers in 2012, is trailing counterparts from the euro-region and the U.K. this year. The country is the only advanced economy inEurope where such...
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European Stocks Rise on BOJ Speculation, Italy Vote
25.02.2013 13:25
Bloomberg: European stocks gained amid speculation Japan may appoint a central bank chief who favors stimulus and as investors awaited the result of Italy’s elections. Asian shares and U.S. index futures rose.
BP Plc advanced 1.5 percent after a report the U.S. may consider an offer...
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CME Said to Approach Deutsche Boerse for Merger Talks
25.02.2013 13:24
Bloomberg: CME Group Inc. (CME), the world’s largest futures exchange, has approached Deutsche Boerse AG to consider beginning talks on a merger, according to four people familiar with the situation.
CME contacted the Frankfurt-based exchange at the end of last year,...
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German Notes Gain as Banks Pay Back Fewer ECB Loans
22.02.2013 14:43
Bloomberg: German notes rose, pushing two-year yields to a five-week low, as the European Central Banksaid financial institutions will repay less emergency loans than forecast, suggesting they remain wary of lending to each other.
Austrian and Dutch two-year securities also gained after...
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