Europe
Greek Aid Package Considered by EU to Ease Region's Biggest Budget Deficit European officials said they are
considering assistance for Greece as its struggle to contain the
European Union’s highest budget deficit threatens to erode
confidence in the euro.
Greek Bonds Jump as EU's Rehn Signals Support in `Broad Sense of the Word' Greek bonds jumped after the European
Union signaled it may aid Greece in return for progress by the
country in reducing the bloc’s biggest budget deficit.
Euro Rallies Most in Three Months as EU Signals Prospect of Aiding Greece The euro rose the most in more than
five months versus the dollar as European Union officials held
out the prospect of aiding Greece if the country made progress
in reducing its budget deficit.
Vodafone Says It Has No Plans to Pursue Transaction With Kabel Deutschland Vodafone Group Plc said it doesn’t
plan to pursue a transaction with Kabel Deutschland Gmbh.
UBS Posts Higher Client Redemptions Amid Return to Profit; Stock Declines Connecticut Attorney General Richard
Blumenthal said the U.S. Senate must create a Consumer Financial
Protection Agency to prevent recurrence of banking-industry
excesses that pushed the economy to the brink of collapse.
Hungary's Rate-Reduction Room Limited by Greek Contagion Risk, Banfi Says Hungary’s room to cut the benchmark
interest rate is limited by the risk of Greece’s fiscal crisis
weakening the forint, monetary policy maker Tamas Banfi said.
Portugal Said to Hire Barclays, Goldman to Sell 10-Year Bonds in Euros Portugal hired banks to help it sell
bonds amid concern the nation will be forced to pay more to
borrow as it struggles to cut its budget deficit.
Johnnie Walker Holdouts Leave Diageo Playing Catch Up for Next Five Years Diageo Plc, the world’s largest
distiller, may take five years to recover sales lost in the
recession as emerging markets fail to fill the void left by U.S.
and European drinkers shunning pricier drinks.
Vestas Rises Most in Eight Months as It Mulls Bond-Financing to Raise Cash Vestas Wind Systems A/S rose the most
in eight months in Copenhagen trading after the world’s biggest
maker of wind turbines said it may sell bonds for the first time
after meeting with fixed-income investors this week.
Swedbank Says 2010 Profit `Feasible' After Reporting Fourth-Quarter Loss Swedbank AB, the largest bank in the
Baltic region, said that posting a profit in 2010 is
“feasible,” after reporting a fourth consecutive quarterly
loss in the three months through December.
Greece's Papaconstantinou Unveils Tax Overhaul to Rein In Budget Deficit Greece’s government announced an
overhaul of the tax system, including higher levies on
dividends, and reiterated a pledge to freeze wages of public
workers to rein in the European Union’s biggest budget deficit.
Iran Begins Uranium Enrichment to Reactor-Grade 20%, Still Open to Accord Iran started enriching uranium to the
level needed to fuel a medical-research reactor, even as the
government said it’s still willing to consider an agreement with
Western countries to send the material abroad for processing.
Federal Offices Closed Another Day as Washington Readies for Second Storm Federal government offices in
Washington remain closed for a second full day and New York City
schools canceled tomorrow’s classes as the East prepares for
what may be a “paralyzing” storm packing as much as 20 inches
(51 centimeters) of snow.
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