Japan has intervened to weaken the yen for the second time in three months after the currency hit a fresh record high against the dollar.
The ban on naked sovereign Credit Default Swaps (CDS) is not consistent with findings of research commissioned by the European Parliament.
The 50% haircut on Greek debt agreed at the EU summit last week has called into question the future of credit default swaps (CDS)as a hedging tool for bondholders.
EU politicians' long-awaited agreement on eurozone crisis lifts markets worldwide but investors move to cash in view equity rally may not be sustainable
The loss of France's AAA-rating would be a worse scenario for the global economy than the downgrade of the US, said Ignis chief economist Stuart Thomson.