europe's deepening crisis drags wall street lowernew york (reuters) - stocks tumbled on wednesday as surging bond yields in spain and italy ratcheted up tensions in financial markets about europe's ability to solve its growing debt crisis. angst over europe drove investors away from risky assets and into safe havens. u.s. treasury benchmark yields fell to their lowest in at least 60 years, prices for crude fell more than 3 percent and the...market snapshot: europe, fed-watching to dominate next weekas spain upstages greece in the negative attention department and u.s. indicators suggest a further backslide in the economic recovery, investors anticipate the release of the next "QE3."asian millionaires counter lost riches in europe, north americachina , india and singapore posted thebiggest increases in millionaires last year as the asia-pacificregion countered a decline in wealth in western europe and theu.s., according to boston consulting group. ...europe proposes banking union to ease debt crisisas europe's debt crisis intensifies, top officials say the continent urgently needs a central authority with the financial muscle to fix its broken banks. |
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