Topic: Financial Rescue Plans

Greece close to bond swap deal: finance minister

ATHENS (Reuters) - Greek finance minister Evangelos Venizelos was hopeful on Tuesday of at last reaching the deal with private sector bondholders that is key to a new bailout package for the country."We are close to an agreement, I believe that," Venizelos ...

Japan buys 13% of eurozone rescue fund sale

Japan has purchased 13 percent of the eurozone rescue fund's latest bond sale, a government official said Wednesday, as the region continues fundraising to help contain its sovereign debt crisis.The Japanese government bought 260 million euros ($338 million) of the three-month bills, ...

Euro bailout bond attracts strong demand

There was strong demand for an issue of short-term bonds by the eurozone's bailout fund, the EFSF, data published by Bundesbank showed on Tuesday.The European Financial Stability Facility raised 1.972 billion euros ($2.6 billion) from an issue of three-month bills, the German ...

Exclusive: Commerzbank in state aid talks

FRANKFURT (Reuters) - German lender Commerzbank and the government have been in talks for several days over possible state aid, five people familiar with the matter told Reuters on Monday.The aim was to reach an agreement in principle by Christmas, coalition sources ...

Greece opens bailout, debt swap talks

ATHENS (Reuters) - Greece began a round of talks with the EU, the IMF and bankers on Monday, with negotiators facing a tight timetable to decide key aspects of a new bailout plan to pull the country out of its economic crisis.Inspectors ...

Greece braces for troika scrutiny and creditor talks

ATHENS (Reuters) - Inspectors for Greece's international lenders and private creditors kick off a round of meetings with the government on Monday to prepare for a new 130-billion euro ($173.75 billion) bailout plan and bond swap scheme to keep the country afloat.Greece ...

Ford brings back dividend after 5-year gap

DETROIT (Reuters) - Ford Motor Co restored its dividend for the first time in five years on Thursday, with a quarterly payout of 5 cents per share that the No. 2 U.S. automaker said it could maintain during any future downturn.The dividend, ...

EU bank capital hole deepens to 115 billion euros

FRANKFURT (Reuters) - Europe's banks must find 114.7 billion euros of extra capital, more than predicted two months ago, to make them strong enough to withstand the euro zone debt crisis and restore investor confidence.Europe's banking watchdog, confirming a Reuters exclusive earlier ...

IMF approves 2.2 billion euros for Greece

The IMF on Monday released 2.2 billion euros ($3.96 billion) in rescue funds for Greece, giving a nod to new Prime Minister Lucas Papademos's commitment to a tough reform program.Delayed for months by political turmoil that led to the early November downfall ...

EU Commission extends bank aid rules, cites market tensions

BRUSSELS (Reuters) - European Union regulators extended looser rules allowing governments to bail out troubled banks until market conditions improve, citing the sovereign debt crisis and banks' resulting funding difficulties for the move.New guidelines, valid from January 1, will make it easier ...
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