 | Markets remain volatile
in face of euro debt fears FINANCIAL markets remained
volatile on Friday in the face of a
European debt crisis that has
widened and deepened over the past
week.
Investors have become increasingly
fidgety about the prospect of
Spain and Italy succumbing to...
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| | Eurozone´s
debt woes
squeeze
bank funding |  FEAR over European
banks´ exposure to risky
government debt stalked
markets and harried bank
executives on Friday, as
unsecured lending between
banks evaporated and the
cost of secured loans rose.
Dwindling trust between
the banks is forcing them to
rely more and more heavily
on the European Central
Bank (ECB) to fund their
activities, which in turn is
spooking investors concerned
about the health of
the countries funding
the ECB.
Various indicators of
money market stress spiked
in signs investors were
increasingly concerned
about preserving their cash.
The head of Europe´s seventh-
largest bank,
Deutsche Bank´s Josef
Ackermann, said long-term... |
| | Boeing wins $21.7 billion
plane order from Lion Air |  THE United States announced a massive
order for Boeing jets from
Indonesia´s largest domestic airline,
Lion Air, to be showcased as US
President Barack Obama winds up an
Asia-Pacific tour.
The sale of 230 short-haul 737 jets,
worth $21.7 billion at list prices, is the
largest commercial order in Boeing´s
history, toppling a previous record set
just days ago as the industry taps in to
relentless demand in emerging
economies.
The order is also a boost for
Boeing´s efforts to develop a
revamped version of its best-selling
737 to compete with a model produced
by its European rival Airbus.
The deal from Lion Air, Indonesia´s
largest private carrier, included
orders for 29... |
| | ECB resists calls for more
rescue of the eurozone |  EUROPEAN Central Bank
chief Mario Draghi stood
firm on Friday against heavy
pressure to come to the rescue
of the eurozone, standing
by the bank´s independence
and anti-inflation duty.
Draghi, who took over at
the ECB´s helm on
November 1, hit back by
telling governments they
had a duty to get their
finances in order and enact
agreed measures to stabilise
the crisis-wracked eurozone.
Pressuring the ECB to act
would undermine the bank´s
credibility, Draghi warned.
In the current environment,
the "continuity, consistency
and credibility" of
the ECB1 and its monetary
policy were "essential", the
Italian central banker said.
"Credibility... |
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