Facebook’s IPO has become the subject of two congressional inquiries and a growing number of lawsuits as the social networking website entered its fifth day of public trading on Thursday.
US financial regulators have begun investigating whether Morgan Stanley, the bank that handled Facebook’s much-publicised IPO last week, selectively divulged negative forecasts about the company before the stock started trading.
Shares in the social networking giant Facebook did a roaring trade when the company floated on New York’s Nasdaq stock exchange on Friday but there may be choppier waters on the horizon for co-founder Mark Zuckerberg and company.
Social networking website Facebook made a disappointing debut on New York's Nasdaq Friday. Despite early gains of more than 10 percent, Facebook shares fell back to the $38 issue price, ending up just 0.6 percent at $38.23.
Victories by anti-austerity parties in France and Greece on Sunday sent European shares sliding Monday. The biggest upset was in Greece, where shares traded 8.2% lower, while Germany's DAX fell by 1.4% and the French CAC index by 1.2%.
Almost 86% of Greece's private creditors agreed late Thursday to the largest sovereign debt restructuring in history, with bond holders accepting losses of some 53.5% in a deal that will cut more than €100 billion from Greece's massive debt.
Facebook, the world’s top social networking site, on Wednesday made its initial steps toward listing on the stock markets. FRANCE24.com takes a closer look at how this is going to happen.
The euro sank to its lowest rate against the dollar in 16 months on Thursday, deepening concerns over Europe's sovereign debt crisis. The news came as Spain said its banks would need 50 billion euros to cover bad loan losses.
The euro and European markets sank Wednesday on concerns about the lack of policy movement at the US Federal Reserve and Italy’s high borrowing costs. The euro sank to below $1.30, its lowest level in almost a year.
After three months of wrangling, the US congressional "super committee" charged with finding $1.2 trillion worth of spending cuts announced that they have failed to reach a deal. While Democrats and Republicans point the finger of blame at each other, others worry about the consequences for the debt-laden US economy.
