Traders make $8bn bet against euro
Data from the Chicago Mercantile Exchange show net short positions against the single currency rising from 39,500 contracts to 43,700 contracts, equivalent to $7.6bn
Traders fearful as contagion worries linger
Global Markets Overview: Fears over the possible fall-out from the Greek debt crisis weigh, as worries over eurozone periphery curtail appetite for risk
US courts support for Iran sanctions
The US launched a renewed push to rally support for sanctions against Iran after President Mahmoud Ahmadi-Nejad pledged to enrich uranium closer to the level needed for nuclear weapons
Xstrata sees ‘advantages’ in possible Glencore link-up
Xstrata fuelled renewed talk of a merger with Glencore, the privately held commodities trader, with the chief executive of the miner suggesting that a union could create value
Traders cautious as contagion fears linger
Global Markets Overview: Fears over the possible fall-out from the Greek debt crisis weigh, as worries over eurozone periphery curtail appetite for risk
Recovery, debt woes to hound
NEW YORK (Reuters) – U.S. stocks face more turbulence that could send indexes spiraling through key levels this week as doubts about the global recovery’s pace persist and fears linger over Europe’s sovereign debt woes.
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