Morgan Stanley: investors who expected immediate gains after Facebook IPO were naive
Facebook investors who bought shares expecting a significant increase in the short term were naive, said James Gorman, …
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Monti: Italy has a huge exposure to the risk of debt crisis contagion
Italy has a huge exposure to the risk of debt crisis contagion in the euro area, Prime Minister …
Facebook IPO indicates that one sucker is born every minute on Wall Street
Investors who have large losses after buying shares at Facebook listing are some classic suckers for Wall Street, …
Greeks continue to withdraw their savings from banks
Greeks have billion of euros under the mattress, because of distrust in the stability of banks and thieves …
German economy begins to feel the crisis in the euro area
German business confidence fell in May, and the manufacturing sector shrank as difficulties in the euro area made …
Facebook has enriched the old shareholders and disappointed participants in the IPO
The long-awaited listing of Facebook was a major success just for old shareholders, led by Mark Zuckerberg and …
Fitch downgraded Greece’s rating
Fitch downgraded the long-term rating of Greece’s debt from “B-” to “CCC”. The rating agency justified its decision …
Plot to assassinate the Dalai Lama
China rejected the accusations that it is behind a plot to assassinate the Dalai Lama by sending women …
Al-Qaeda leader rejects U.S. apology for burning copies of Quran
Al-Qaeda terrorist network leader, Ayman al-Zawahiri, has described as “a farce” the American apology for the burning of …
Spain will spend billions of euros to save the third largest bank
Spain is preparing a rescue plan for Bankia, the country’s third largest bank by assets. The government will …