Asian companies are tapping bond markets at a record pace, worried that the euro-zone crisis may deepen and make it impossible for them to secure funds later in the year, say bankers who arrange borrowing.
Asian Companies Rush to Borrow
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Author Archives: WSJ.com: World Markets
Greece Moves to Implement Debt Deal
Greece braced for further anti-austerity protests while the country’s parliament was debating legal changes that would clear the way for a debt restructuring.
Dollar Advances on Yen, Pound
The U.S. dollar gained, most notably against the Japanese yen and British pound, as the greenback topped ¥80.
EU Threatens to Cut Funds to Hungary
The European Commission proposed to suspend €495 million in European Union budget funds for Hungary in 2013 unless it acts quickly to cut its deficit.
EU Threatens to Cut Funding to Hungary
The European Commission proposed to suspend €495 million in European Union budget funds for Hungary in 2013 unless it acts quickly to cut its deficit.
Sterling Dives on BOE Minutes
Sterling tumbled on news that some policy makers at the Bank of England voted for more aggressive bond-buying to boost the U.K. economy. The euro was broadly flat as euphoria from Greece’s deal died down.
Europe Business Activity Shrinks
Business activity in the euro zone contracted unexpectedly in February, reviving fears that the region is heading for recession.
Fitch Downgrades Greece
Fitch downgraded Greece’s credit rating to C from triple-C after confirmation of the country’s second bailout package, which includes a debt exchange that will force bondholders to take a loss on holdings of Greek debt.
BOE Minutes Show Split Over Stimulus
Bank of England policy makers were split in February about how much stimulus to inject into the U.K. economy, minutes of their February policy meeting showed.
Despite Pact, Unease Lingers for Greece
Greece’s bailout and debt-restructuring deal spawned some relief, but the overriding reaction was one of unease that the tough agreement, which has already generated huge opposition, is bound to fail.
Greek Deal Brings Relief, Concern
Greece’s bailout and debt-restructuring deal will leave it with a huge debt burden and presents implementation challenges that may derail the program and prevent a return to growth.
Markets React With a Shrug
Financial markets that had long been captivated by the Greek drama barely shrugged in response to news of an agreement—and certainly didn’t register any bouts of relief.