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311. Amid Turmoil, Germany and Spain Criticize Soaring Bond Yields

Senior ministers from Germany and Spain together criticized the soaring yields on Spanish government bonds, saying Tuesday that the interest rates demanded by financial markets did not match Spain's economic fundamentals.

312. UPS Cuts Profit Forecast, Citing Global Uncertainty

UPS, the world's largest package delivery company, on Tuesday cut its profit expectations for 2012, citing the eurozone financial crisis, economic uncertainty in the United States, and lower exports from Asia.

313. Spain's Debt Worries Increase as Recession Deepens

Europe is on the brink again. The region's debt crisis flared on Monday as fears intensified that Spain would be next in line for a government bailout.

314. Fears Mount Over Spain, Greece

The euro dipped below $1.21 on foreign-exchange markets Monday for the first time in two years as speculation continued that Spain might need a bailout.

315. GroupM Revises Global Ad Spending Forecast to 5.1% Growth

NEW YORK, NY -- (Marketwire) -- 07/23/12 -- An uncertain economy in both Europe and the U.S. has led GroupM to project a 5.1 percent increase in 2012 global advertising spending in measured media to $506.3 billion, d

316. Spain, EU Dismiss Bailout While Borrowing Costs Soar

The Spanish economy needs no bailout from the European Union and the International Monetary Fund, Spanish government and European Commission representatives said Monday, while borrowing costs rocketed and Spain's recession deepened.

317. Euro Dips Below $1.21, Lowest in 2 Years

The euro dipped below 1.21 dollars Monday for the first time in two years, bottoming out at 1.2082 dollars before inching a little higher on European foreign-exchange markets.

318. Spain's Bond Yield Hits Record High

Spain's borrowing costs soared on Monday, with the yield for 10-year bonds reaching a record 7.5 percent.

319. Finance Markets Pessimistic About Spain

Eurozone finance ministers agreed Friday to provide as much as $122.6 billion to shore up the Spanish banking system, officials said, but interest rates on Spanish debt continued to rise.

320. Eurozone Approval of Spanish Bank Bailout Fails to Calm Markets

The Eurogroup panel of eurozone finance ministers on Friday reached a deal on a loan of up to 100 billion euros (121.9 billion dollars) to help Spain recapitalize its banks.

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