IBTimes Topics

G20 Hopes for Progress on EU Debt Crisis: Mexico Bank Chief

By Reuters UK

Group of 20 policymakers are hoping for a signal this weekend that Europe will boost crisis funding, smoothing the way for a deal to increase International Monetary Fund resources, the head of Mexico's central bank said on Wednesday. (7:49 pm)

MORE TOPICS: CHINA, TIMOTHY GEITHNER, EUROPEAN UNION, JAPAN, AUSTRALIA, ARGENTINA

Greece Down, Spain, Portugal and Italy on the Bench and Hungary at Bat

By FXEmpire

EU Ministers are proposing to freeze 495 million EUR in EU funds destined for Hungary in 2013, the European Commission says, the first time it has ever taken such a measure. Now that Greece has been moved off the burner, the EU has taken aim at Hungary. (6:13 pm)

MORE TOPICS: PORTUGAL, EUROPEAN UNION, GDP

Treasury Says Europe Needs Solid Debt Firewall

By Reuters

It is "critical" that Europe put up a convincing firewall against the risk of financial contagion from its debt crisis before more aid from the International Monetary Fund is discussed, a top Treasury Department official said on Wednesday. (5:21 pm)

MORE TOPICS: MEXICO, INTERNATIONAL MONETARY FUND, G20

Precious Metals Get A Technical Boost on Greek Bailout Plan

By Silver Coin Investor

Trading action in silver and gold were confined to a range as the Greek drama over obtaining the second €130 billion bailout from the so-called troika, IMF/EU/ECB continued. (4:58 pm)

MORE TOPICS: GOLD, ELECTIONS, SILVER

Daily Summary on USD, EUR, GBP, JPY, AUD, CAD and NZD

By Union Bank of California

v EUR pares gains as concerns persist that Greece still will not meet the laundry list of requirements that must be met before the EU/ECB/IMF releases the nation's second bailout; v USD relatively flat as "safe-haven" demand is large... (1:06 pm)

MORE TOPICS: GOLD, EXISTING HOME SALES, CRUDE OIL, MANUFACTURING, RETAIL SALES, JAPAN

Ireland raises asset sales target to 3 billion euros

By Reuters UK

The Irish government raised its target for the sale of state assets to 3 billion euros (2.5 billion pounds) on Wednesday, unveiling a final list of utilities set to go on the block headed by the energy business of its Bord Gais utility. (10:35 am)

MORE TOPICS: RENEWABLE ENERGY

Fitch downgrades Greece, will reassess after debt swap

By Reuters UK

Fitch downgraded Greece on Tuesday to 'C' from 'CCC', a move widely expected after the country said it may enforce losses on bondholders who do not voluntarily sign up to a debt swap plan accompanying its EU/IMF-approved bailout. (7:00 am)

Stock futures mixed, economic data eyed

By Reuters

U.S. stock index futures pointed to a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 down 0.1 percent, the Dow Jones futures flat and the Nasdaq 100 rising 0.1 percent. (5:00 am)

MORE TOPICS: GENERAL MOTORS, DOW JONES, BNP PARIBAS, GOLDMAN SACHS, WELLS FARGO, EXISTING HOME SALES

Anonymous Attacks Greek Ministry of Justice Website

By IBTimes UK

Collective repeats attack on Greek website after three hackers arrested.. (3:57 am)

MORE TOPICS: ELECTIONS, TWITTER

Oil Rallies on Greek Bailout and Iranian Tensions

By Oil N'Gold

Despite a modest push shortly after the announcement that the EU approved the second Greek bailout package, European bourses closed in red as doubts remained. Wall Street climbed modestly higher with DJIA and S&P 500 gaining +0.12% and +0.07% respectively. (3:25 am)

MORE TOPICS: CHINA, GOLD, CRUDE OIL, GDP, INDIA