Greece signs historic private debt swap amid eurozone rescue
Greece secures a bond swap with private creditors covering about 83.5 percent of holds, taking more than half the face value and extending terms to avert default. The move unlocks a $172 billion bailout and marks the largest debt restructuring in history, amid market turmoil fears.
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Athens
Greece
Europe
Lucas Papademos
International Monetary Fund
The
Institute
International Finance
Charles Dallara
Mega Television
Government cap on Fannie Mae and Freddie Mac chiefs
The Federal Housing Finance Agency will cap Fannie Mae and Freddie Mac chief executives at 500000 a year and end annual bonuses. About 50 top executives at the two mortgage giants will have salaries cut by 10 percent this year while remaining eligible for higher pay through deferred compensation.
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Washington
Fannie Mae
Freddie Mac
Congress
Federal Housing Finance Agency
Fannie and Freddie
Fannie
Michael J. Williams
Freddie
Edward Haldeman Jr
Wall Street
Haldeman
Williams
Wal Mart wins approval for Massmart stake in SA
Wal Mart, the world’s largest retailer, may proceed with its 2.2 billion purchase of a controlling Massmart share in South Africa. The Competition Appeal Court backed the Competition Tribunal ruling, urged a study to shield small producers, and ordered reinstatement of 503 Massmart workers while Massmart and Wal Mart will fund 13 million dollars to aid local suppliers over three years.
MENTIONED IN THIS ARTICLE
Bob Baur
Principal Global Investors
Dow Jones
Johannesburg
Wal-Mart
Competition Appeal Court
Competition Tribunal
Massmart
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Hghwyh
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MexcoEn
Reis Inc
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Sced Pfd
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RadiantLog
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Intel
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NwGold G
Cisco
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Micront
Pfizer
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Greenmic
GenElec
Antaresp
Dell Inc
Fordm
Clearwire
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Intel Nasd
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