Markets news on stocks, currencies and oil; The European Commission today announced plans to levy a new insolvency tax on banks to pay for future failures but it made clear proceeds will remain within national borders and will not be used to bail out failed banks.
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- Markets News Afternoon: European shares hit a 26-month closing high Wednesday; European Commission plans to restrict speculation in commodities
- European Union countries will be required to introduce an upfront levy on banks to insure against future financial failures
- Markets News Afternoon: Irish bond yields rise again; Rehn says European Commission seeking solutions for Ireland’s banking sector
- Markets News Afternoon: Shares rise in Europe and Asia; BoI plans new bonds buyback
- Markets News Afternoon: Shares rise in Europe and dip in US; Fed outlines future plans to exit from emergency measures