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Europe pledges to beef up rescue fund as world community urges action
European policy-makers, stung by criticism for failing to stem the euro zone debt crisis, face the tough task of quickly stopping fallout from Greece's near-bankruptcy from spreading into the world economy. After a weekend of being told by the United
Updated: 09/25/2011 03:59P
Europe pledges to beef up rescue fund as it faces tough task of halting
European policy-makers, stung by criticism for failing to stem the euro zone debt crisis, face the tough task of quickly stopping fallout from Greece's near-bankruptcy from spreading into the world economy. After a weekend of being told by the United
Updated: 09/25/2011 03:56P
Greek default would destroy faith in Europe-Merkel
BERLIN, Sept 25 (Reuters) - Allowing Greece to default on its debt now would destroy investor confidence in the euro zone and might spark contagion like that experienced after the bankruptcy of Lehman Brothers in 2008, German Chancellor Angela Merkel
Updated: 09/25/2011 03:48P
Serepisos faces bankruptcy hearing today
He faces another bankruptcy hearing in court in Wellington today. Photo / Doug Sherring. Businessman Terry Serepisos faces a bankruptcy hearing in the High Court at Wellington today. The property developer owes creditors $203 million and had been
Updated: 09/25/2011 03:46P
Serepisos faces bankruptcy hearing
Just days after losing control of the Wellington Phoenix, Terry Serepisos is back in the spotlight today facing the threat of bankruptcy. The High Court in Wellington is this morning expected to hear whether creditors have accepted a proposal by the
Updated: 09/25/2011 03:27P
IMF increases pressure on Europe
European policymakers, stung by criticism for failing to stem the euro zone debt crisis, began working on new ways to stop fallout from Greece's near-bankruptcy from inflicting more damage on the world economy. After a weekend of being told by the
Updated: 09/25/2011 02:29P
Bank lobby rejects reopening of Greek rescue deal
more than the 21 percent tentatively agreed to in a July deal would quickly cause a "domino effect" that would see the crisis spread to other parts of Europe, warned Josef Ackermann, the outgoing chairman of the Institute of International Finance.
Updated: 09/25/2011 02:01P
Bankruptcy deal in jeopardy?
AP MONTGOMERY — Legislators' opposition to higher sewer rates and new taxes could kill a preliminary deal to keep Alabama's most populous county from filing the biggest municipal bankruptcy in American history.
Updated: 09/25/2011 12:57P
Serepisos faces bankruptcy in court
Meanwhile, the ownership of the Wellington A-League club shifted into the hands of a business consortium which will include investor Gareth Morgan and six others. The consortium, which will own the club under a five-year contract, is part of Welnix
Updated: 09/25/2011 12:55P
IMF urges ECB to play bigger crisis-fighting role
Ahead of a high-stakes meeting on Sunday afternoon between IMF chief Christine Lagarde and the finance minister of Greece -- where the crisis is now centered -- officials were wrestling with how to bolster Europe's banking system and keep the crisis
Updated: 09/25/2011 12:30P
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