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By Marlene Y. Satter, AdvisorOne |
December 22, 2011
Hungary was downgraded to junk for the second time in a month, this time by S&P, after Moody's took a similar action previously, but markets reacted little to the news.
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By Marlene Y. Satter, AdvisorOne |
December 22, 2011
Greece’s creditors are pushing back against an IMF drive to get them to accept larger losses on the country’s sovereign debt, with one Madrid-based hedge fund pulling out of the debt swap talks over the matter.
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By Marlene Y. Satter, AdvisorOne |
December 8, 2011
A report in the daily Nikkei paper that the G20 was putting together an IMF $600 billion lending facility to help the euro zone was denied, first by the IMF and then Canada, and then by Japan.