Archive for June, 2010

The European Central Bank said Wednesday it will lend euro131.9 billion to banks for three months a smaller-than-expected sum that suggests banks’ cash needs are easing despite lingering worries about the eurozone debt crisis.

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ECB loans suggest banks’ cash needs easing

The debt in buyout firm Apax Partners’ portfolio company Panrico, one of the few large distressed auctions that has attracted interest from well-known private equity houses, rose sharply last night ahead of final bids for the business.

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Panrico’s debt price sweetens ahead of final bids

Europe’s financial institutions sought far less money from the European Central Bank on Wednesday than many analysts had expected.

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E.C.B. Auction Provides Reassurance on Banks

The decision yesterday by the World Bank to grant debt relief to Liberia under the Heavily Indebted Poor Countries Initiative is welcome but more needs to be done to prevent corruption in the post-conflict country, said campaign group Global Witness today.

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Liberian debt relief welcome but better financial controls needed to prevent corruption

Along with ads for payday-advance loans and roadside signs touting foreclosure-prevention aid, offers of help from debt-relief companies have turned up nearly everywhere.

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Debt-relief con artists dodge crackdown

Drainage concerns led a number of residents to address the Elma Town Board on June 16.

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Drainage Worries Arise in Elma

European markets edged higher in volatile trading Wednesday a day after logging steep losses, while major Asian indexes closed down on worries that the U.S.

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World stocks mixed as growth doubts mount

PARIS, June 30 – France’s public sector debt at the end of the first quarter swelled to 80.3 percent of gross domestic product, national statistics office INSEE said on Wednesday.

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French debt rises to 80.3 per cent of GDP at end Q1

French public debt rose sharply in the first quarter of the year to 80.3 percent of national output, an official estimate showed on Wednesday amid deep concern on financial markets about eurozone debt.

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French official public debt rises sharply

* Three-mth Euribor rates at highest since Sept 09

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MONEY MARKETS-All eyes on ECB 3-mth operation as LTRO expires