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BEIJING (Reuters) ? China has no intention of “buying up” or “controlling” a debt-ridden Europe that it still has confidence in, and any help Beijing may offer will be for purely economic reasons, a top state-run newspaper said on Monday ahead of a China-EU summit. While Chinese leaders have repeatedly expressed confidence in European nations, [...]
BRUSSELS ? Representatives of Greece’s private sector bondholders will meet on Wednesday to discuss how and whether to continue talks on a bond swap after the EU toughened its demands, a person close to the investors said. The so-called steering committee of the Institute of International Finance will gather in Paris for an “important meeting [...]
By msnbc.com news services Wall Street slipped Wednesday with traders focused on a sliding euro and rising Italian bond yields as market anxiety over Europe persisted. Italy paid a euro-era record high yield of 6.47 percent to sell five-year notes in its first auction of longer-term debt since the European Union moved toward greater fiscal [...]
MELBOURNE (Reuters) ? Private equity fund TPG Capital has bought NZ$70 million ($53 million) of the debt of New Zealand media company MediaWorks from Commonwealth Bank of Australia (CBA), according to a source familiar with the matter. MediaWorks, like Nine Entertainment in Australia, was acquired by a private equity fund at the height of the [...]
Hungary aiming for 10-15 billion euro IMF/EU deal: analysts (Reuters)
Filed in heightenedBUDAPEST (Reuters) ? Hungary’s government is aiming for a 10-15 billion euro package from the International Monetary Fund and the European Union to stabilize its economy, preferably with lighter terms, but would be also willing to accept a stricter deal, bank analysts said. Hungary, which must roll over 4.7 billion euros ($6.3 billion) in external [...]