Merkel to make statement on Hypo Real
BERLIN (Reuters) - German Chancellor Angela Merkel will make a statement on the financial crisis and the plight of lender Hypo Real Estate on Sunday afternoon, a government source said.
Officials from the German government, central bank and financial regulator were meeting on Sunday in an effort to save the bank after a Berlin-brokered deal to rescue it unravelled.
(Reporting by Hans-Edzard Busemann, writing by Iain Rogers)
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Yuan and dollar slug it out
It's time for markets to take a deep breath: the yuan will not become a reserve currency, let alone dethrone the dollar, this year, next year or any time soon. Full Article
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