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Posts Tagged ‘Thursday’

October 11th, 2012

Spain’s Credit Rating Downgrade Sends Asian Stocks Tumbling

(George Sterling) - One of the most indebted countries in euro zone, Spain’s credit rating was degraded by two notches on Thursday which sent Asian stocks tumbling. Spain, which is also the 4th biggest economy in the euro zone, is battling with severe debt. During late hours of Wednesday, Standard & Poor degraded Spain’s credit rating, sending it [...]

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October 4th, 2012

Markets Slowdown Before Draghi’s Press Conference

(George Sterling) - On Thursday, financial markets remained slow before European Central Bank’s monthly policy meeting. Another reason for the markets’ slowdown is that investors are looking forward to the revelation of crucial U.S economic data. For the entire week, markets have remained calm as investors maintain a close eye on the largest economy’s developments as well as [...]

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September 26th, 2012

Spain’s Prime Minister Faces Extreme Pressure At The Hands Of Locals

(George Sterling) - Spain’s Prime Minister Mariano Rajoy is facing extreme pressure at the hands of locals as he inches closer towards accepting a bailout package. Rajoy will be announcing even tougher economic reforms and a tighter budget for the next year on Thursday that will further drive the emotions of the locals. The locals are protesting against [...]

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