A round-up of the key stories across the specialist financial media, including news that today an auction will be held to settle as much as $3.2 billion of Greek bond insurance.
Greece auction to settle $3.2 billion of credit-default swaps
Credit-default swaps dealers will hold an auction today to settle as much as $3.2 billion of Greek bond insurance triggered by the nation’s debt restructuring.
Apple Inc, the world's most valuable company, will discuss on Monday what it plans to do with its $98 billion cash hoard, raising expectations it may meet demands to pay a dividend for the first time since 1995.
In the latest sign of the government's gradual retreat from financial-crisis-related programs, the Treasury Department is expected to announce Monday that taxpayers reaped a $25 billion profit on mortgage bonds purchased at the height of the meltdown.
Greece’s caretaker prime minister insists that a “large, silent majority” of Greeks are willing to do whatever is needed to stay in the eurozone, despite near-daily anti-austerity demonstrations.
