A round-up of the key stories across the specialist financial media, including news that the European stock market opened higher today while Greek lawmakers approved a tough austerity package on Sunday, however, the vote has been overshadowed by violent street protests in central Athens.
Greek lawmakers on Sunday approved a tough austerity package aimed at averting a default, but the vote was overshadowed by violent street protests in central Athens and dozens of arson attacks against shops and banks.
China has instructed its banks to embark on a mammoth roll-over of loans to local governments, delaying the country’s reckoning with debts that have clouded its economic prospects.
Toronto bubble risk topping New York in condo market: mortgages
Toronto has more skyscrapers and high-rises under construction than any North American city – almost three times as many as New York – stoking debate on whether the condominium market in Canada’s largest city is headed for a US-style correction as prices rise and household borrowing hits a record.
The former Federal Reserve chairman is expected to file a comment letter on the Volcker rule before a Monday deadline, contending that the US financial system will be safer and healthier with a ban on proprietary trading by banks, according to people familiar with the situation.
