Greece is preparing a collective action clause: The Greek government is drawing up legislation that could be used to impose losses on investors who don’t support the debt swap that’s part of the country’s new …
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February 16, 2012
The Europeans are going to solve all their problems by monetizing the Greek default: European governments are considering cutting interest rates on emergency loans to Greece and using contributions from the European Central Bank to …
S&P Downgrades YLO Preferreds to C
Standard and Poor’s has announced: Standard & Poor’s is concerned about Montreal-based Yellow Media Inc.’s weakening operating performance, as well as various actions the company has taken recently to deal with refinancing risk. As a …
February 15, 2012
A Bloomberg editorial states: Should European leaders fail in this endeavor, the danger is that they will be blamed if the austerity medicine fails, regardless of whether many of Greece’s troubles are self- inflicted. Already, …
February 14, 2012
Greece is unloved: European officials jacked up the pressure on the Greek government to deliver budget cuts in exchange for a second bailout as they insisted that default is not an option. Finance ministers canceled …
February 13, 2012
The Greek austerity measures passed: Greek Prime Minister Lucas Papademos won parliamentary approval for austerity measures to secure an international bailout after rioters protesting the measures battled police and set fire to buildings in downtown …
February 10, 2012
Astonishing! There is a continued Greek crisis: In Athens, unions struck for the second time this week and police used tear gas to counter protesters. George Karatzaferis, who heads one of the three parties supporting …
February 9, 2012
Greece claims to have reached agreement: “Discussions between the Greek government and the troika were successfully completed this morning,” Greek Prime Minister Lucas Papademos’s office said in an e-mailed statement today in Athens. “Political leaders …
BAM: S&P Revises Outlook to Negative
S&P has announced: We are revising our outlook on Brookfield Asset Management Inc. to negative from stable. At the same time, we are affirming our ratings on the company, including our ‘A-‘ long-term corporate credit …
February 8, 2012
ITG claims that high frequency trading in Canada is becoming less frequent: “This quarter’s analysis of message traffic data reveals changes in trading behaviour that may signal the begginings of a new regime,” ITG’s analysts …