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Current News from Around the Globe on Stock Markets

S&P lowers Greece sovereign credit rating

(Reuters) – Standard Poor’s Ratings Services lowered its sovereign rating on Greece to ‘CCC minus’ from ‘CCC’, saying the probability of Greece exiting the eurozone was now about 50 percent. Greece’s bailout talks with lenders collapsed over the weekend, intensifying … Continue reading

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N.Y. financier ordered to pay ex-employee $18 mln in harassment case

By Joseph Ax NEW YORK (Reuters) – A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million to a former employee for sexual harassment and defamation. Benjamin Wey, who runs New … Continue reading

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MIDEAST STOCKS-Kuwait edges down after militant attack

DUBAI, June 28 (Reuters) – Kuwait’s stock market edged down early on Sunday after a suicide bomber killed 27 people at a Shi’ite Muslim mosque at the weekend, the first attack of its kind in the country. The main index … Continue reading

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China’s easing may prop up stocks, but risks rewarding speculators

By Pete Sweeney SHANGHAI (Reuters) – China’s monetary easing at the weekend was aimed at stopping a stock market stampede, but has some economists worried that policy is being used to prop up an equity rally that was not based … Continue reading

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Greek People Bear Brunt Of Bailout Failure

During a series of cloudless days in Athens, thousands had queued at ATMs around the city to make sure their wallets were full for a rainy day. On Sunday evening, as night fell, a storm passed, just as news filtered … Continue reading

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US STOCKS-Wall Street up; health stocks jump on Obamacare ruling

* May consumer spending highest in six years * Weekly jobless claims rise * Healthcare index rallies after Supreme court decision * Indexes up: Dow 0.05 pct, SP 0.12 pct, Nasdaq 0.1 pct (Adds details, changes comment, updates prices) By … Continue reading

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Wall Street up; health stocks jump on Obamacare ruling

By Tanya Agrawal (Reuters) – Wall Street rose on Thursday after consumer spending recorded its largest increase in nearly six years and the U.S. Supreme Court backed Obamacare, boosting healthcare stocks. The SP 500 healthcare index rallied as much as … Continue reading

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US STOCKS-Wall Street up as health stocks rally on Obamacare ruling

* Healthcare index rallies after Supreme court decision * UnitedHealth biggest boost to the Dow * SP 500 healthcare index up 11.3 pct this year * May consumer spending highest in six years * Indexes up: Dow 0.22 pct, SP … Continue reading

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MIDEAST STOCKS-Markets may be weak on militant attacks, Greece

DUBAI, June 28 (Reuters) – Middle East stock markets may be weak on Sunday because of the militant attacks in Kuwait and Tunisia that killed a total of 66 people last week, and concern about the Greek debt crisis. The … Continue reading

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Diller’s IAC woos investors with IPO for Match dating sites

* IAC plans IPO by year end * To sell less than 20 pct Match Group in IPO * Appoints Joey Levin as CEO of IAC (Adds Breakingviews link) By Kshitiz Goliya and Sai Sachin R June 25 (Reuters) – … Continue reading

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