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Financial News

Greece's Financial Crisis Is Over, Neighbors Have Room to Move, Prodi Says The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi.

Global Confidence Dips as Greek Debt Woes Risk Hurting Economic Recovery Confidence in the world economy dropped for a second month in March amid concern the fallout from Greece’s budget crisis will undermine the global recovery, according to a Bloomberg survey of users on six continents.

Citigroup Plans $2 Billion TruPS Sale After Repaying U.S.: Credit Markets Citigroup Inc., seeking capital after repaying bailout funds to the Treasury, is selling trust preferred securities as rising investor demand drives borrowing costs to near the lowest in almost five years.

Tullett Prebon Says It's Discussing Possible Sale of Company; Shares Jump Tullett Prebon Plc, the British inter-dealer broker led by Terry Smith, said it’s in talks about a possible sale of the company.

Emerging-Market Stocks Rise, Erasing 2010 Loss; Metals Gain, Pound Slides Emerging market stocks rose, erasing their losses for the year, and metal prices gained after China said exports soared by the most in three years. The British pound weakened as U.K. manufacturing contracted.

Buyout Firms Struggle to Spend $503 Billion of Investor Cash as Deals Wane Buyout funds sitting on half a trillion dollars committed by investors may need more than a decade to put the money to work if mergers and acquisitions continue at the current pace.

Dollar Optimism Soars to Highest Since 2008 as Economic Outlook Rebounds Investors are the most bullish on the dollar since the collapse of Lehman Brothers Holdings Inc. on speculation the U.S. economy will expand at a faster pace than in Europe and Japan, a survey of Bloomberg users showed.

General News

Iraqi Leaders Maneuver Amid Signs No Party Will Win Majority in Election Iraq faces tough political coalition-building as leaders maneuvered amid indications that no party would win a majority when initial results from the parliamentary election are announced.

Brown Reduces Scope for Election Before May 6 by Setting March Budget Date Prime Minister Gordon Brown said his government will deliver Britain’s annual budget in two weeks’ time, reducing his scope to hold an early election.

Gates Applauds Afghanistan Efforts to Build Army After Visiting War Zone U.S. Defense Secretary Robert Gates praised Afghanistan’s efforts to build the army it needs to take over from American troops due to begin leaving next year.



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