Value of 21.5% set for Greek bonds, meaning credit default swaps will pay 78.5 cents on the euro to settle contracts triggered by debt restructuring
News related to FOC-Project.
Analysts question side effects of banks’ tying up assets to access the short-term loan facility and wonder if long term it will prove more expensive
Demand for EFSF’s first 20-year bond issue is three times that expected, prompting bankers to lower the security’s yield to 3.96 per cent
The pound starts the week in positive fashion as traders prepare for the UK currency to take centre stage later in the week
European equities slip as investors await further positive newsflow to support another leg of the recent rally