A round-up of the key stories across the specialist financial media, including news that uncertainty over the impact of a potential Greek exit from the euro drove a rush to safety by investors on Monday
Eurozone risks spark broad-based sell-off
Uncertainty over the impact of a potential Greek exit from the euro drove a rush to safety by investors on Monday, sending the single currency and European shares down to near four-month lows.
Spanish banks will remain vulnerable to rising loan delinquencies even after they set aside €30 billion ($38.75 billion) in newly announced real-estate loss provisions, Moody''s Investors Service warns on Monday, highlighting mounting concerns about the country''s ailing financial sector.
Infosys, India’s second-largest software-services exporter, is seeking European acquisitions as it trades at its lowest valuation since the financial crisis – turning French companies, from Sword Group to GFI Informatique, into potential targets.
India inflation quickens, curbing room for cutting rates
Indian inflation unexpectedly accelerated in April, crimping the central bank’s scope to bolster economic growth by extending interest-rate cuts. Stocks fell, reversing earlier gains.
