FA Notes July 22, 2011
S&P latest press release on the debt ceiling. Link
Fitch says role of private sector in the Greek bailout plan would constitute a “restrictive default”
Euro zone 440B euro fund will now be able to buy bonds on the secondary market and lend directly to countries/banks
July Munich Ifo Institute German business confidence 112.9 vs. 114.5 in June
John Paulson calls BAC a disappointment. He is shorting the euro. Link
ISDA says EU’s aid package shouldn’t trigger Greece CDS. Link
AAPL NFLX – Apple considering a Hulu bid. Link
Greece private creditors agree to 21% loss on their bond holdings. Link
CAT in FT – Mr Oberhelman added that China, a significant end market for the company, was doing “a good job of balancing growth and inflation, and our expectations for China remain positive,” despite a softening of growth during the quarter.