From Global Markets 4:01 pm
Greece continued to weigh heavily on confidence Wednesday as bank customers there began sending cash out of the country or hiding it under their beds -- this despite hints from German Chancellor Angela Merkel that a "stimulus" would be forthcoming if the country stuck to its austerity commitments.
From Politics & Policy 3:56 pm
The financial markets appear to have already priced in Greece’s departure from the euro bloc.
From Companies 3:24 pm
A day before Facebook (Nasdaq: FB), the No. 1 social network holds its initial public offering, its 33 underwriters boosted the number of shares for sale by 25 percent, potentially valuing the deal as high as $19 billion.
From Politics & Policy 2:28 pm
U.S. Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting.
From Economy 1:38 pm
The growing possibilities of an imminent Greek exit from the single currency bloc could drive up the value of safe-haven currencies such as the U.S. dollar and the British pound, while hurting a number of emerging Asian currencies that are sensitive to investors' risk appetite.
From Economy 12:48 pm
General Electric Co. (NYSE: GE) said it would buy two mining equipment companies as it seeks to expand in the $61 billion global mining supplier industry.
From Companies 12:37 pm
A coalition of companies has joined Anglo-Dutch energy giant Royal Dutch Shell in an unprecedented, landmark joint-venture to exploit natural gas resources in Western Canada.
From Politics & Policy 12:00 pm
The European Central Bank has stopped monetary policy operations with some Greek banks as they have not been successfully recapitalized, euro zone central bank sources said on Wednesday.
From Companies 11:39 am
Facebook (Nasdaq: FB), the No. 1 social network, said it’s acquiring the staff and technology of startup Lightbox.com, developer of a photo app for mobile surfaces.
From Global Markets 11:12 am
Germany's benchmark 10-year bond yield approached Wednesday the record euro-era low it struck on Monday, as investors reduced risk exposure as Greece seemed to be edging closer to leaving the currency bloc. The yield fell to 1.44 percent, just over the 1.43 it struck just two days ago, before rebounding to 1.5 in afternoon trading.
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