Greece Loses Kokusai Money as Investors Demand 7% to Buy Bonds

Petros Christodoulou, the new head of Greece’s government debt agency, faces a dwindling investor base as the country prepares to sell bonds as soon as this week.

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Canada Beats U.S. 3-2 to Win Olympic Hockey Gold Medal

Canada beat the U.S. 3-2 on an overtime goal by Sidney Crosby to win the gold medal in Olympic hockey.

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Merck KGaA to Buy Millipore for $7.2 Billion Including Debt

Merck KGaA said it has entered a definitive agreement to buy Millipore Corp. in a cash deal valued at about $7.2 billion.

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Australia May Increase Interest Rates, Economists Say (Update1)

Australia may resume leading the world in raising borrowing costs, increasing the benchmark interest rate for the fourth time in five meetings, economists say. Traders aren’t so sure.

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Nuclear Iran Would Spur Regional Arms Race, Israel’s Barak Says

Saudi Arabia would obtain nuclear weapons within a “few months” as part of a broader Middle East arms race if Iran develops nuclear weapons, Israeli Defense Minister Ehud Barak said today.

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