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23 May 2012

US close: Late rally wipes out losses

- Losses pared as markets stage late rally - H-P rebounds in after hours trading - Oil slides beloww $90 a barrel

23 May 2012 Lagarde says Greek population has more to do

International Monetary Fund (IMF) chief Christine Lagarde believes that Greece has more to do, even though Greeks have already made huge sacrifices.

23 May 2012 Europe close: Stocks drops ahead of EU summit

European equities were under heavy selling pressure on Wednesday as concerns over a possible Greek exit gripped markets.

23 May 2012 London close: Stocks sink on Greek exit speculation

- Officials warn Eurozone to prepare for Greek exit - BoE policy makers 'finely balanced' on more QE - CBO warns of US recession