U.S. stocks retreated, threatening the 2011 gain for the Standard & Poor’s 500 Index, as European officials failed to agree on a bailout plan for Greece.
BusinessWeek.com — Finance
The Obama administration froze the assets of Syrian President Bashar al-Assad and six other officials in an effort to pressure the government to end its crackdown on protesters.
BusinessWeek.com — Small Business
International Monetary Fund, European Commission and European Central Bank officials will be in Lisbon today as they start preparing an estimated 80 billion- euro ($ 116 billion) aid program for Portugal, the third euro- region nation to request a bailout in a year.
BusinessWeek.com — Finance
State attorneys general said they hope to reach a final settlement with banks over their mortgage- servicing and foreclosure practices within two months and are pushing lenders to reduce loan balances.
BusinessWeek.com — Finance
European Central Bank officials signaled an interest rate increase may be necessary next month to stop surging commodity costs from fanning broader inflation.
BusinessWeek.com — Finance
European Central Bank officials edged back from a threat to raise interest rates, saying markets have over-reacted to their change in tone on inflation.
BusinessWeek.com — Finance
The European Central Bank stepped up its purchases of government bonds to the highest in five weeks as European officials are seeking ways to overhaul their crisis- response measures.
BusinessWeek.com — Finance
Japan may extend purchases of bonds sold by a European financial aid fund in coming months to support the region’s recovery from the sovereign debt crisis, two government officials familiar with the matter said.
BusinessWeek.com — Finance
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