Investments

Greece headed for “managed” default

The €130 billion rescue package extended to Greece last week forestalled a debt default by the troubled Mediterranean nation. While the deal stabilized the global financial system, it is doubtful Greece can avoid a default.

By Staff |February 28, 2012

2 min read

Greece in default: S&P

Thirteen years after the advent of the European common currency, the Eurozone has seen its first credit default by a member. The long-term and short-term debt of Greece was downgraded to “selective default” by Standard & Poor's Ratings Services today.

By Staff |February 28, 2012

2 min read

Investor confidence falls

While U.S. consumer confidence is on the rise, global investor confidence is looking rather soft, according to State Street Global Markets’ Investor Confidence Index (ICI).

February 28, 2012

2 min read

Wilson named lead on Sprott Opportunities Funds

Sprott Asset Management has name John Wilson as lead portfolio manager for Sprott Opportunities Hedge LP and Sprott Opportunities RSP Fund, effective immediately.

By Staff |February 27, 2012

1 min read