Shares of Nokia Corp. (NYSE: NOK) have hit new 52-week low of $4.01 today following a downgrade from Barclays. And the hits just keep on coming. The company’s credit default ... Read Full Story »
Preliminary results of today’s auction on credit default swaps (CDS) on defaulted Greek debt indicate that CDS holders will receive 78.25 eurocents for each euro of face value. The auction ... Read Full Story »
The death of Osama bin Laden raised US futures and the dollar and pushed crude oil lower. (Reuters) The US helped cut the amount of oil China imported from Iran ... Read Full Story »
Austerity Watch Daily covers critical news about national sovereign debt, Credit Default Swaps, state and municipal deficit actions, and discussions about the US deficit and debt. Here are some highlights ... Read Full Story »