Greece Two-Day Old Government Dissolved, Fresh Elections On Jun 17

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ATHENS (Dow Jones)–Greek President Karolos Papoulias dissolved Saturday a country’s two-day aged parliament, paving a approach for a country’s uninformed elections on Jun 17, that are moulding adult as a diversion of duck over a country’s membership in a euro.

“We call electorate to elect lawmakers on Sunday Jun 17 2012 and we assemble a council that will outcome after a elections on Thursday Jun 28 during 11:00 [0800 GMT],” pronounced a presidential direct dissolving a parliament. Keeping tradition, a direct was rigourously posted during a opening of a Greek parliament. …

Article source: http://online.wsj.com/article/BT-CO-20120519-701827.html

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Brent At $60 If Euro Break-Up Disorderly

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LONDON (Dow Jones)–A unfinished break-up of a euro section could pull Brent wanton prices to as low as $60 a tub amid a ensuing pointy European retrogression and disastrous tellurian mercantile consequences, Bank of America Merrill Lynch (BAC) pronounced Friday.

“If process makers were incompetent to branch a contamination following Greece’s exit from a euro, …

Article source: http://online.wsj.com/article/SB10001424052702303360504577411794101102010.html?mod=googlenews_wsj

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OIL FUTURES: Crude Mixed As Euro, Oil Stocks Counter Asia Data

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— Oil futures small altered as euro zone, macro information sojourn in concentration

— More converging expected above this week’s lows, researcher says

— Brent-WTI widespread might stay double-digit into 2014 and beyond, Morgan Stanley says

By Konstantin Rozhnov

Of DOW JONES NEWSWIRES

LONDON (Dow Jones)–Crude-oil futures were small altered Thursday in choppy trade, as concerns over a euro section and rising U.S. oil inventories were counterbalanced by sincerely upbeat new macro-economic indicators from Asia. …

Article source: http://online.wsj.com/article/BT-CO-20120517-705357.html

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UK PM: Core of Euro Zone, ECB Must Do More To Solve Crisis

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LONDON (Dow Jones)–Core euro-zone countries and a European Central Bank need to do some-more to support direct and share a weight of mercantile composition for a nations in a thick of a banking area’s crisis, U.K. Prime Minister David Cameron pronounced Thursday.

The high necessity and low competitiveness countries in a periphery of a euro section need to confront their problems and continue …

Article source: http://online.wsj.com/article/BT-CO-20120517-704464.html

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Canada Fin Min Says Euro Zone Has Reached "Turning Point"

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(Recasts initial paragraph, adds new quotes, context in paragraphs 3-5, 7-9, 11)

–Wealthy euro section contingency confirm on bailouts for bad states, bank recapitalization

–Europe debt predicament due to “inaction” by policymakers

–Developments in Greece could lead to tellurian banking startle

OTTAWA (Dow Jones)–The euro section has reached a “turning point,” Canadian Finance Minister Jim Flaherty pronounced Wednesday, and leaders of a banking bloc’s wealthier states have to confirm either they are prepared to bail out cash-strapped states and recapitalize banks to keep a organisation together.

Testifying before a Canadian parliament cabinet on banking, Flaherty pronounced domestic instability in Greece …

Article source: http://online.wsj.com/article/BT-CO-20120516-714459.html

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GLOBAL MARKETS: Stocks, Euro, Sovereign Yields Recover From Lows; Eyes On ECB

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–Stocks, euro, high-yielding emperor holds redeem

–Attention on ECB’s monthly non-rate environment assembly

–Economic information and decent auction also assistance a tinge

–Worries about Greece’s membership in a euro section sojourn

LONDON (Dow Jones)–European bonds and a euro recovered from lows Wednesday, while high-yielding emperor bond yields fell from their highs on hopes a European Central Bank’s monthly non-rate-setting assembly will come adult with measures to equivalent a impact of a Greek crisis.

Although worries sojourn about Greece’s membership of a euro section as a nation heads for elections, a ECB’s scheduled meeting, some better-than-expected mercantile information and well-received debt …

Article source: http://online.wsj.com/article/BT-CO-20120516-707003.html

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PRECIOUS METALS: Gold Ticks Lower With Euro On Greece Worry

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–Comex Jun bullion settles down $3.90, or 0.3%, during $1,557.10 a troy unit

–Futures set uninformed 2012 low on domestic worries over Greece

–Physical shopping from Asia is flourishing after cost declines

(Adds allotment cost list during bottom.)

NEW YORK (Dow Jones)–Gold futures slumped for a third event Tuesday, again tracking a euro reduce opposite a dollar on worries that Europe’s debt predicament could be set to wear since of …

Article source: http://online.wsj.com/article/BT-CO-20120515-719093.html

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US Stocks Edge Higher As Greek Politics Offset Firm Euro Zone Economy

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–Stock somewhat aloft after better-than-expected euro-zone information

–European markets spin reduce on Greece’s stability domestic tale

–U.S. information on sell sales, consumer acceleration accommodate expectations

NEW YORK (Dow Jones)–U.S. bonds edged aloft as Greece’s disaster to form a bloc supervision gradual confidence about better-than-expected mercantile outlay in a euro zone.

The Dow Jones Industrial Average combined 11 points, or 0.1%, to 12707 in mid-morning trade. Bank of America rose 1.8%, heading blue chips aloft after a subjection in bank bonds that had driven a normal to the lowest tighten given Jan on Monday.

The Standard Poor’s 500-stock index edged …

Article source: http://online.wsj.com/article/BT-CO-20120515-712866.html

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US batch index futures indicate to rebound

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Tue May 15, 2012 3:41am EDT

* U.S. batch index futures forked to a aloft open on Wall
Street on Tuesday, with a futures for a SP 500 and
the Dow Jones adult 0.6 percent and Nasdaq 100
futures adult 0.8 percent during 0733 GMT.

* European equities bounced adult from 2012 lows on Tuesday,
lifted by surprisingly clever German mercantile data, though concerns
about a destiny of a euro section and a probability of
Greece’s exit from a confederation kept investors in a discreet mood.

* German sum domestic product grew 0.5 percent in the
first entertain in seasonally practiced terms – 5 times as fast
as approaching – as exports helped a economy rebound behind from a
contraction of 0.2 percent in a fourth quarter.

* Greece was still during a forefront of

Article source: http://www.reuters.com/article/2012/05/15/markets-stocks-us-europe-idUSL5E8GF1NZ20120515

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SNB’s Euro/Franc Floor To Protect Swiss Economy, Prices -Jordan

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ZURICH (Dow Jones)–The Swiss executive bank’s preference to levy a building of 1.20 Swiss francs per euro in Sep was taken to forestall a fall of Switzerland’s economy and wasn’t meant as a rival devaluation of a currency, Swiss National Bank President Thomas Jordan pronounced Monday.

“The introduction of a SNB’s building for a euro/franc final year was seen by a International Monetary Fund as an suitable response to an impassioned conditions given a risks to a Swiss economy and …

Article source: http://online.wsj.com/article/BT-CO-20120514-711956.html

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