(AFX UK Focus) 2010-02-19 15:41 Brevan Howard says no exposure to Greek debt, CDS-letter
(AFX UK Focus) 2010-02-19 15:41 Brevan Howard says no exposure to Greek debt, CDS-letter
LONDON, Feb 19 (Reuters) – Brevan Howard, Europe’s biggest hedge fund firm, has no exposure to Greek debt or credit default swaps and has no plans to short the bonds or buy protection in the foreseeable future, according to an extract from a letter to investors. The firm also said it had no exposure to Portuguese, Italian or Spanish debt or CDS, and had no intention of shorting or buying …
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Categories: credit meld Tags: 1541, 20100219, Brevan, CDSletter, debt, exposure, Focus, Greek, Howard, Says
World stocks buoyed by earns despite Greek fears
World stocks buoyed by earns despite Greek fears
LONDON — World markets mostly rose Tuesday after strong earnings from British bank Barclays PLC and U.S. conglomerate Kraft Foods Inc., although investors remained worried by the debt crisis enveloping Greece.
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EU Seeks Greek Swaps Disclosure After Ministry Probe (Update1)
EU Seeks Greek Swaps Disclosure After Ministry Probe (Update1)
European Union regulators ordered Greece to disclose details of currency swaps after an inquiry by the country’s finance ministry uncovered a series of agreements with banks that it may have used to conceal mounting debts.
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Categories: credit meld Tags: After, Disclosure, Greek, Ministry, Probe, Seeks, Swaps, Update1
Markets snub eurozone pledge on Greek help
Markets snub eurozone pledge on Greek help
Currency markets on Thursday snubbed European leaders’ vague pledge of support for Greece in case it defaults on debt, sending the euro down against the U.S. dollar and doing little to halt fears of market contagion.
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(AFX UK Focus) 2010-01-29 15:21 Greek Dec household credit growth steady at 3.1% y/y
(AFX UK Focus) 2010-01-29 15:21 Greek Dec household credit growth steady at 3.1% y/y
ATHENS, Jan 29 (Reuters) – Growth in Greek household borrowing was steady at an annual 3.1 percent pace in December compared to the previous month, the country’s central bank said on Friday. But the pace of loan growth was significantly lower than the 12.8 percent clip in Dec 2009. A sharp slowdown in economic activity coupled with tighter credit conditions are eating into the loan growth that …
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Greek Bonds Show Waning Faith It Can Avoid Bailout (Update3)
Greek Bonds Show Waning Faith It Can Avoid Bailout (Update3)
Jan. 29 (Bloomberg) — Greek bonds and credit-default swaps show investors are starting to doubt that the nation can reduce the largest budget deficit in the European Union without help from outside.
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Greek Government Debt Risk Surges to Record, Default Swaps Show
Greek Government Debt Risk Surges to Record, Default Swaps Show
Jan. 28 (Bloomberg) — Credit-default swaps on Greek government debt surged 24 basis points to a record 398, according to CMA DataVision prices.
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Categories: credit meld Tags: debt, Default, Government, Greek, record, Risk, Show, Surges, Swaps
Greek budget program gets Moody’s thumbs-up
Greek budget program gets Moody’s thumbs-up
The Greek government’s proposals to slash its massive budget deficit has won praise from one of the world’s biggest credit rating agencies.
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