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Nations May Not Escape Debt By Reducing Deficits, Pimco Says
Nations May Not Escape Debt By Reducing Deficits, Pimco Says June 1 (Bloomberg) — Many countries may not be able to escape a debt crisis by reducing their fiscal deficits, because lower spending will damage economic growth, according to Pacific Investment Management Co. Read more on Bloomberg
Crude Oil Tumbles on Concern European Debt Crisis to Widen
Crude Oil Tumbles on Concern European Debt Crisis to Widen May 25 (Bloomberg) — Crude oil tumbled on concern that Europe’s debt crisis will spread and as tensions on the Korean peninsula prompted investors to sell riskier assets. Read more on Bloomberg
Bond Trading Costs Soar as Abbott Sells Debt: Credit Markets
Bond Trading Costs Soar as Abbott Sells Debt: Credit Markets May 24 (Bloomberg) — The gap between the cost to buy and sell corporate credit reached the widest in nine months in another sign that investors are increasingly wary of all but the safest government securities amid Europe’s sovereign debt crisis. Read more on Bloomberg
European Stocks Post Weekly Decline on Debt Concern; Banks Drop
European Stocks Post Weekly Decline on Debt Concern; Banks Drop May 1 (Bloomberg) — European stocks posted the biggest weekly drop since February on concern that Greece’s debt crisis will spread across the region. Read more on Bloomberg
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