Business
AP – Spanish banks must raise an additional euro50 billion ($65.5 billion) to cover their exposure to toxic real estate loans and assets accumulated during a construction boom that went bust with the financial crisis, according to new regulations unvei…
Continue reading about Spain tells banks to cover toxic assets or merge (AP)
AP – DEBT DELUGE: Portugal’s debt-crippled economy is choking amid grinding austerity measures, a steep recession, an acute shortage of cash and unemployment at a record 13.6 percent.
Continue reading about Summary Box: Debt crisis threatens Portugal (AP)
AP – The economic organization that represents developed countries says Europe probably needs a euro1 trillion ($1.3 trillion) bailout fund if it is to stop the spread of its debt crisis.
Continue reading about OECD paper: Europe needs $1.3 trln bailout fund (AP)
Reuters – Spain and France gained respite at bond auctions on Thursday highlighting a rally in euro zone government debt markets since the European Central Bank flooded banks with cheap money in December.
Continue reading about Europe gets bond market respite, real economy pain (Reuters)
Reuters – Euro zone finance ministers aim to agree a second financing package for Greece on Monday, a decision they hope will boost market confidence in euro zone public finances and help contain the two-year-old sovereign debt crisis.
Continue reading about Euro zone aims to agree on second Greek bailout by February 6 (Reuters)
AFP – Opponents of a major rail scheme in the German city of Stuttgart on Saturday barricaded themselves into a part of city’s station slated for demolition before being evicted, police said.
Continue reading about German police evict protestors in station siege (AFP)
AFP – French trade unions staged another massive day of protests Saturday to defend their right to retire at 60, but fears of fuel shortages crippling Paris airports eased as supplies resumed.
Continue reading about French workers take to the streets as airport fears ease (AFP)
AP – Officials have taken the extraordinary step of warning some flights landing at France’s main airport to come with enough fuel to get back home, bracing for a possible fuel shortage after a new round of protests Saturday against plans to raise the …
Continue reading about Fuel supplies low as French protest pension reform (AP)
Reuters – European Central Bank President Jean-Claude Trichet said on Saturday more ambitious reforms of euro zone budget rules were needed than those proposed by the European Commission.
Continue reading about ECB’s Trichet: Euro zone needs stricter fiscal reforms (Reuters)
Investor’s Business Daily – The phone giant will market Apple’s (NMS:AAPL) iPad directly to businesses with a discounted wireless data pricing plan to tap into the growing corporate demand for tablet computers and their applications. AT&T will begin o…
Continue reading about AT&T to sell iPads to businesses (Investor’s Business Daily)
