Greece will reveal the results of a key debt buyback deal on Wednesday, after an extended deadline for private investors to decide whether they will sell back their Greek bond holdings at a discount expired without any official announcements.
Greece will reveal the results of a key debt buyback deal on Wednesday, after an extended deadline for private investors to decide whether they will sell back their Greek bond holdings at a discount expired without any official announcements.
LONDON — HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing on Tuesday to pay $1.9 billion to settle a US money-laundering probe.
Banks led European shares lower for a second day on Tuesday on the back of political turmoil in Italy, with Dutch lender KBC Groep the top faller after it sold a fresh batch of shares.
HSBC says it’s paying $1.9 billion in penalties to settle a US money laundering probe.
Greece has extended the deadline for banks, funds and investors who own its government bonds to declare whether they will sell their holdings back.
A Greek operation to buy back some of the country’s huge debt at reduced prices to access additional EU-IMF financial aid has met the 30-billion-euro target set by the authorities, news reports said on Saturday.
Economic growth throughout much of Asia will slow slightly this year and next, weighed down by weak export demand from major industrial economies and China, the Asian Development Bank said Friday.
The bleak outlook for the European economy knocked the euro and stalled gains the region’s share markets on Friday, as investors waited to see if nonfarm payrolls data in the United States might affect its monetary policy plans.
German two-year bond yields dipped to four-month lows on Friday on bets the European Central Bank could cut interest rates further, but a looming U.S. jobs report kept investors cautious and limited falls.
The European Central Bank is likely to keep interest rates on hold on Thursday but may offer clues on its policy path for next year with updated forecasts likely to present a grim outlook for the euro zone economy in 2013.