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Italy bans short-selling of financial stocks amid market slump
07-23 20:01
Italian market regulator Consob banned the short-selling of financial stocks for a week today as the the bourse plunged on fears the debt crisis pounding Spain ...

Spain says no full bailout needed, despite shrinking economy
07-23 19:42
Spain denied Monday that it needed a full international bailout as the economy shrank even faster and its long-term borrowing costs jumped to dangerous highs. ...

Barclays deputy chairman rules out top job
07-23 19:33
Barclays deputy chairman Michael Rake today ruled himself out of applying to become the embattled British bank's new chairman despite reports that he had been t...

CNOOC to buy Canada's Nexen for US$15.1b
07-23 18:31
China's top offshore oil producer CNOOC Ltd (0883) has entered into an agreement to purchase Canada's Nexen Inc for about $15.1 billion, the Chinese comp...

Investors pay to lend Germany money for 12 months
07-23 18:10
Investors paid to lend Germany money for 12 months at an auction today, the country's central bank said, as they continue to flock to the safe haven of Europe's ...

World stocks, euro slide on rising Spain tensions
07-23 18:06
World stocks fell sharply, the euro hit a 12-year low versus the yen and Spanish borrowing costs struck record highs Monday on speculation Spain could soon requ...

Debt crisis sends oil prices down
07-23 17:37
The European debt crisis has sent crude oil and other commodity prices falling, as investors sell risky assets. Brent crude slumped more than three percent to ab...

Spanish economy shrinks faster
07-23 17:15
Spain's economic slump deepened in the second quarter of 2012 as consumers cut back spending, the bank of Spain said today. Gross domestic product shrank 0.4 ...

Italian stock market plunges
07-23 17:05
The Italian stock market plunged by more than 3.0 percent today, as nervous investors watched Spain's spiralling borrowing costs have a knock-on effect on neighb...

Hang Seng and Shanghai tumble
07-23 16:21
Hong Kong stocks slumped 2.99 percent today, leading a regional sell-off as concerns over Spain's debt crisis and its effect on the eurozone re-emerged. The ben...

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