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Turkey and Syria Help Emerging Markets and Frontier Markets Near Crisis

Posted: June 11, 2013 at 10:05 am

News of escalating protests and violence in Turkey and the Syrian civil war conflict are both hitting at a time when emerging markets are already soft. The real risk in ...
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Greek Privatization Effort Flops on Lack of Bidders

Posted: June 10, 2013 at 1:54 pm

If things are really stabilizing or set to get better in Greece and the rest of the PIIGS in Europe, then why did a privatization sale end up with no ...
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Greek Unemployment Reaches 26.8%

Posted: June 6, 2013 at 9:15 am

Are there any jobs in Greece? If so, there are plenty of applicants, or at least bodies, that can apply. A report on Thursday showed that the March unemployment rate ...
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Social Unrest, Protests, and Violence Crushing Value in Turkey

Posted: June 3, 2013 at 2:34 pm

Social unrest has been growing in Turkey, and with it about 10% of the value of the local markets has disappeared. News feeds from Turkey's Hurriyet Daily News have much ...
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Tender Offer Drives Interest in National Bank of Greece

Posted: May 31, 2013 at 10:00 am

National Bank of Greece S.A. (NYSE: NBG) had a lot of investors looking at Web-based quoting systems confused this week. The huge jump in share price was based on the ...
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More Detail About National Bank of Greece’s Capital Raise

Posted: May 22, 2013 at 3:25 pm

Investors have had time to know and prepare for a capital raise of sorts from the National Bank of Greece SA (NYSE: NBG). That is almost upon us and this ...
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Closing Bell for Monday on Wall Street: Markets Open Lower, Bounce Once, Then Go Flat

Posted: May 20, 2013 at 4:06 pm

U.S. equity markets opened lower this morning but soon rose above the break-even line where it stayed until noon when share prices began to dip. That was quite a shift ...
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Closing Bell for Friday on Wall Street: Stock Markets Open Higher Today, March Upward

Posted: May 17, 2013 at 4:06 pm

U.S. equity markets opened higher this morning, taking advantage of buying opportunities after yesterday’s slide in equities’ prices. In the U.S., the Thomson Reuters/University of Michigan consumer sentiment index and ...
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Closing Bell for Thursday on Wall Street: Markets Open Mixed, Fail to Hold Gains

Posted: May 16, 2013 at 4:06 pm

U.S. equity markets opened mixed this morning following a blizzard of data releases on the U.S. economy. Before that data came out, however, there was some positive data out of ...
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A Rare Credit Rating Upgrade for Greece: The Impossible Comes True

Posted: May 14, 2013 at 12:30 pm

The sovereign credit ratings of Greece and other PIIGS from the major ratings agencies have generally gone in one direction in recent years. Downward and onward. This is almost hard to ...
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Cyprus Votes Against Silly Deposit Tax (or Theft)

Posted: March 19, 2013 at 2:54 pm

The parliament of Cyprus has just voted against stealing assets from depositors to fund the nation's bailout of its banking system. This is good news because it sends a message ...
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Cyprus Deposit Seizure Hitting Euro and PIIGS Banks

Posted: March 18, 2013 at 9:30 am

I already have gone on the record that the taxation of deposits in Cyprus is nothing short of theft. Regardless of a bloated banking system that was in shambles, taking depositors' ...
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PIIGS KILLERS: Italy PM Vote Threatens Austerity, All Over Again

Posted: February 25, 2013 at 3:00 pm

What happens when you put a vote out to the people about whether or not their benefits and public spending should be cut to appeal to international creditors? If you ...
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PIIGS Watch: Greece Continues To Lure Back Investment

Posted: January 29, 2013 at 2:11 pm

The Euro meltdown seen in 2012 looked as though it was going to bounce Greek out of the monetary union. That was then. We have noted on several occasions how ...
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The Undercovered Story of 2013: A European Recovery

Posted: January 10, 2013 at 10:38 am

If you watch and read financial news avidly, you will almost certainly admit that with all of the stories on Washington D.C., the fiscal cliff, Obama administration officials leaving in ...
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