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Germany Now Borrowing Money For Free

Investors on Wednesday eagerly snatched up a new two-year German bond with a zero-percent coupon, meaning investors were willing to pay to loan money to Europe's strongest economy when expected inflation is factored in. The yield ended at 0.07 percent.
A Markit PMI survey indicated that the euro zone was continuing its plunge into a double dip recession, Monday.

Euro Zone Avoids 2nd Recession As German Q1 GDP Surprises

Stronger-than-expected growth in Germany helped the euro area avoid its second recession in three years at the start of 2012 but stagnation in France and contraction in southern Europe underlined the huge economic disparities across the single currency bloc.
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ABN AMRO Hit By Bad Loans At Home, Greek Debt

Dutch state-owned bank ABN AMRO said it expected bad loan costs to remain high this year due to the recession in the Netherlands, after a tripling of such costs in the fourth quarter pushed it into a loss.
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Barclays taps ECB for 8.2 bln euros of cheap cash

Barclays Plc tapped the European Central Bank for 8.2 billion euros ($10.8 billion) of cheap funding this week, marking a U-turn for the bank as it had previously been worried about the risk of political interference if it took funds.

Senate Investigating HSBC for Money Laundering

HSBC Holdings PLC is under investigation by a U.S. Senate panel in a money-laundering inquiry, the latest step in a long-running U.S. effort to halt shadowy money flows through global banks, according to people familiar with the situation and a company securities filing.
Goldman Sachs Post at NYSE

Bond Market Analysis: Investors Loading Up on Corporates, Banks in 2012

The volatility, panic, and the resulting tightening of investors' purses that dominated credit markets for much of 2011 is giving way to calm, creating a flood of cash from investors now confident enough to put their money back into corporate bonds. Somewhat surprisingly, crisis-exposed financial institutions, even in Europe, have been able to take advantage.
United Arab Emirates (UAE) is third richest country in the world, and has a world's largest shopping mall, The Dubai Mall. The country is made up of seven emirates, governed by a president and has an impressive GDP per capita of $57,744. The country has 8

Dubai Diversifies With Push Into Diamonds

The United Arab Emirates, the world's fourth-largest oil exporter and home to gold trading hub Dubai, is rapidly becoming a force in trade of another highly valuable commodity: diamonds.
Netherlands' ING banking and insurance group building is seen in Amsterdam

ING to Cut 2,700 Jobs, Takes Greek Bond Hit

Dutch financial services group ING is to cut 2,700 staff and contract jobs, it said on Thursday in announcing third-quarter results, slashing the headcount at its Dutch retail banking operations by 10 percent in the face of deteriorating markets.


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