By Camila Fontana The real advanced 1.8 percent to 1.8428 per dollar at 1 p.m.
New York time, from 1.8755 yesterday. The benchmark Bovespa stock index jumped
3 percent to 65,014.46. The Standard & Poor’s 500 Index increased 1.7
percent to 1,074.91. Twenty-four of the 26 emerging-market
Feb. 9 (Bloomberg) -- Canada’s dollar advanced the most in a month versus its
U.S. counterpart as the European Union held out the prospect of aiding Greece,
spurring appetite for currencies tied to economic growth. “Clearly it’s having
an impact on the euro and will cause some of the
Financial shares in the Standard & Poor’s 500 Index reversed an earlier
drop and climbed 1.8 percent as a group, led by JPMorgan Chase & Co. and
Wells Fargo & Co. Freeport-McMoRan Copper & Gold Inc. and
ConocoPhillips rose at least 2.9 percent as metals gained and oil rebounded to
near $74 a
Click to enlarge photo Labour Minister Andreas Loverdos said men and women will
retire at 63 on average in a bid to save Greece's cash-strapped pensions
system, as other ministers met for a second day to finalise the country's new
tax policy. "There will be a
By Ben Levisohn Japan’s currency slid against the 16-nation common currency as
Olli Rehn , who takes over as European economic affairs commissioner tomorrow,
said Greece has to “do the necessary measures” in exchange for the EU’s
support. European Central Bank
The advance pushed the Greek 10-year bond yield down the most since at least
1998, when Bloomberg began collecting the data. Trichet will leave a gathering
of policy makers in Sydney a day early today to attend a summit of European
Union leaders, ECB spokeswoman Regina Schueller said. Greek
“You have to do the necessary measures in order for us to support you,” said
Olli Rehn, who takes over as European economic affairs commissioner tomorrow,
in an interview in Strasbourg, France today. “This will be further discussed in
the coming days. We are talking about support in
Portugal plans to issue 10-year notes in euros, according to two bankers
involved in the transaction. Barclays Capital, Banco Espirito Santo SA, Credit
Agricole CIB, Goldman Sachs Group Inc. and Societe Generale SA are managing the
sale, said the bankers, who declined to be identified before the
The Standard & Poor’s 500 Index rose 1.2 percent at 9:42 a.m. in New York.
The MSCI Emerging Markets Index increased 1.6 percent after falling 6.1 percent
in the past three sessions. Greece’s ASE Index climbed 5 percent, rebounding
from four days of losses. The euro strengthened 0.7
Feb. 9 (Bloomberg) -- The euro rose the most in almost a month versus the
dollar on speculation European officials meeting this week will agree to assist
Greece in tackling its budget deficit. Japan’s currency slid the most against
the euro in more than two months after a European Central
By Ben Levisohn Japan’s currency slid against the 16-nation common currency as
Olli Rehn , who takes over as European economic affairs commissioner tomorrow,
said Greece has to “do the necessary measures” in exchange for the EU’s
support. European Central Bank
